Fibs don't work

[tuxedo69]

I was wondering the same thing. He used to be everywhere. His profile is limited buy I have had a prior PM with him so I will check in and see if he responds.

Hi, did you get a reply?

Thanks

 

[Illini Trader]

No response from him.

 

[zghorner]

He pmd me Jan 2nd

 

[schizo]

Fibs are like moving averages. They're only effective because so many clueless traders follow them, not to mention that they are completely ignorant about the underlying PA that dictates those indicators.

 

[tuxedo69]

Fibs are like moving averages. They're only effective because so many clueless traders follow them, not to mention that they are completely ignorant about the underlying PA that dictates those indicators.

Quality reply.

 

[SunTrader]

Fibs are like moving averages. They're only effective because so many clueless traders follow them, not to mention that they are completely ignorant about the underlying PA that dictates those indicators.

Then that means there were also "clueless" fib traders in 1929:-

 

[schizo]

Then that means there were also "clueless" fib traders in 1929:-

View attachment 331966

You've seen me trade. I don't need no Fib to tell me where the price pivots are. I bet most of you wouldn't even know where price will reverse without relying on the Fib (and Fibs aren't always that accurate either).

 

[SunTrader]

You've seen me trade. I don't need no Fib to tell me where the price pivots are. I bet most of you wouldn't even know where price will reverse without relying on the Fib (and Fibs aren't always that accurate either).

Yup, but that's you.

We are not you.

Leave it at that.

edit: when are you going to stop over "there" with newbs - and start a new real traders topic?

 

[schizo]

edit: when are you going to stop over "there" with newbs - and start a new real traders topic?

I'll leave that to you and others. As for me, I'm a noob at heart. I believe trading should be simple, so I'll stick with the fellow noobs.

 

[tuxedo69]

I'll leave that to you and others. As for me, I'm a noob at heart. I believe trading should be simple, so I'll stick with the fellow noobs.

Trading using Fibs , coupled with pattern recognition is and should be simple.