I know institutional trading firms pay attention to fib-levels so I do. I've seen significant price action around them long enough to stay on the look out for them: http://priceandpattern.blogspot.com/
Fibonacci
- Thread starter Perseus
- Start date
i'm learning more about fibs and see that tradethemove.com has good reviews by traders.
can anyone share their experience and is the $125 manual worth it? i'm currently going through carolyn boroden's, and rick lapoint's site...pretty good so far.
i would appreciate any comments regarding tradethemove.com.
can anyone share their experience and is the $125 manual worth it? i'm currently going through carolyn boroden's, and rick lapoint's site...pretty good so far.
i would appreciate any comments regarding tradethemove.com.
The best thing about Fibs is that they can make you more aware of support and resistance levels after you draw them on a chart.
Are they really predictive of price action? Maybe, maybe not, but applying some mystical, cosmic schtick to your trading via Fibonacci is totally absurd and ill advised.
Are they really predictive of price action? Maybe, maybe not, but applying some mystical, cosmic schtick to your trading via Fibonacci is totally absurd and ill advised.
fibo-nachos are great for dips. Try the onion & garlic.
[Perseus]
bris,
I don't take anyone's opinion on face value, especially on an internet forum. There are beliefs, like a belief in santa claus, and there are justified beliefs like the sun will rise in the east in the morning. I am not interesting what someone merely believes, I would like to know the justification behind it.
What is the justification behind "the justified beliefs like the sun will rise in the easet in the morning"?
bris,
I don't take anyone's opinion on face value, especially on an internet forum. There are beliefs, like a belief in santa claus, and there are justified beliefs like the sun will rise in the east in the morning. I am not interesting what someone merely believes, I would like to know the justification behind it.
What is the justification behind "the justified beliefs like the sun will rise in the easet in the morning"?