Presenting The HOLY GRAIL

[maxinger]

The Fibonacci ratio only works on seashells.

It doesn't apply to trading.

 

[Darc]

The Fibonacci ratio only works on seashells.

It doesn't apply to trading.

You're a funny fella Max. For a golden oldie.

I see OP fails to answer questions. I understand you can develop your "chart eye" by watching Charts. Problem is individual Stocks and Indices will vary, particularly over different time periods as the great @Overnight pointed out. So my question is:

Is OP nuts, just clutching at Straws or maybe onto something?

(Nice TSLA Daily chart: Volume, MAs, RSI, MACD - but that's all beginner chit, right?) Chuck in BBs as well mebee.

 

[themickey]

You're a funny fella Max. For a golden oldie.

I see OP fails to answer questions. I understand you can develop your "chart eye" by watching Charts. Problem is individual Stocks and Indices will vary, particularly over different time periods as the great @Overnight pointed out. So my question is:

Is OP nuts, just clutching at Straws or maybe onto something?

(Nice TSLA Daily chart: Volume, MAs, RSI, MACD - but that's all beginner chit, right?) Chuck in BBs as well mebee.

Yah, when I see RSI, MACD and all those old time indicators, even fibs, my bs alarm starts ringing.
MA's, I have two minds about, sometimes I use them to calculate other things from, but as a timing tool, not really.
Although a 5MA I use as a double check on daily periods for short term trend changes, however I never write them into my algos, they are just visuals on a chart I use.

 

[schizo]

To scale up the chart, we simply follow the Fibonacci sequence: 0 112358132134 55...

This makes sense right? Since you can perfectly center 2 in 8 and also 3 in 13 is perfectly symmetrically centered. All good right?.... STUPIDEST IDEA I EVER THOUGHT OF!! (My ultimate solution is way more complex and elegant than that...)

Holy crap, you're a genius, perhaps the last one of your kind (whatever that may be). How was I not able to see this coming (even though I definitely know where it's going)? May you prosper in all your cryptic endeavor!

 

[themickey]

Holy crap, you're a genius, perhaps the last one of your kind (whatever that may be). How was I not able to see this coming (even though I definitely know where it's going)? May you prosper in all your cryptic endeavor!

Unfortunately I can't get it, don't understand what he's trying to do.

 

[wildchild]

I started paying attn to the NASDAQ back in Spring 2013. So it's been about 10 years -- average time for anyone to finally get it! If you read Al Brooks, he claims he quit the medical profession to start trading and it too took him 1 decade to finally get it. IMO, this the joke of God, you have to put in the required time to find success, there is no short cut!

Anyways, here is the Holy Grail: "Know your enemy (stock market) but NOT yourself (the tools you use to tap into the stock market) wallow in defeat every time. Know your enemy and know yourself, 100 battles 100 victories".

In the above context, defeat doesn't necessarily mean taking a loss, BUT more like missing out on a good/legit trade, which makes up 99% of my "failure"/"defeat" rate. Failure to make money is just as BAD as taking a loss. Just think of it as lost opportunity cost in place of real capital loss.

Anyways, it's too damn easy to know your enemy the stock market. All you gotta do is observe it for three years straight and I can guarantee you WILL figure out its every nook and cranny. What took me 10 years is the refining the tools I use to read the stock market. Anyone want the short cut save a few years just keep that in mind.

And also this don't waste your time on Fibonacci ratio! 1.61803399 can you believe it? Who wants to work with such an ugly floating number? I had a Greek neighbor, you know what she said when some solicitor knocked on her door? "I'm not Italian!" I will always keep that in mind when I think of stocks. On my end, I could have saved plenty years knowing Leonardo Bonacci doesn't work... he lied to me!

 

[alistera]

It's the 10,000 hour rule from Outliers, you have to marvel that no one knows about it and anyone that does know tries to pass that knowledge off as their own never referencing the source trying to create their own little ponzi of knowledge, fortunately there are some well read people still around, yours truly, that can set the record straight.

 

[Nobert]

 

[SimpleMeLike]

Stfu with your bs. Even the 20 seconds reading and 30 seconds posting this response is an aggravating time wasted.

LMFAO HAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHA

LOL HAHAHAHAHAHAHHA

 

[Hunter2020]

The Fibonacci ratio only works on seashells.

It doesn't apply to trading.

Exactly my point! Sooo many traders I see on this forum base their strategy on some Fib retracement values. TRUST ME ON THIS... All you gotta do is rip Fibonacci to shreds, tear it to pieces, have nothing to do with that ugly floating number 1.61803399 and the dreaded Fibonacci series... Then you can begin to make some progress. Leonardi Bonacci is the BIGGEST SCAMMER to traders. He just lies and tries to sell you stuff that doesn't even work!