Fun with Fibonacci!

And now everybody is using 834.5 where I got long at as 0% and making money on the short side. You always feel stupid taking a loss...until it keeps on going...then you look pretty smart,

Anyway, I hope this helped you realize that you can get burned when you don't trade by the book. I gotta remember where I put that box, and start thinking in it.
 
hmmm, look pretty good to me. They made me money, I lost it through a blown execution.

I need more work on 38.2, not sure what I should be looking for there.

I'm a little more confident when one number is my own personal secret number. If it's too obvious on the chart, I start thinking it can't be this easy.

This thread was started off right. I like to have fun, and I took to those numbers like a fish takes to the broadside of a barn.

Well, today was a Bollinger Band day for me, so I am not a fib zealot, but it is hard for me to imagine that I will go very far without taking my fib numbers with me.
 
I have a question!

Given your entry in July you set up targets at the different fib levels. How did you not get stopped out before the .50 retracement hit? ....and what made it convincing that the .50 retracement would end the rally? why not hold until the .618 retracement?

Just fibo-curious!

Thanks,

-Pound
 
i want to learn more about fibonacci as i knpw it is good but my knowledge is limited. is "THE FIBONACCI TRADER" by Robert fischer a good place to start? thanks
 
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