The only way to trade with fibonacci

Quote from chrisjs87:

konviction, what is the theory behind Fibonacci trading systems? More specifically, I'd really like to know how and why fibonacci sequences relate to stock prices.

they don't relate. People see them in nature, and blindly assume they do. They have been tested more than once, and found unrelated.

It is the same clueless assumption that things like TA must be self-fulfilling, just because people use it. There is a serious lack of critical thinking/testing.

That and poor money management is why so few actually make money
 
im under this voodoo spell for sure fibs 786 one more time; you must be thinking that this cant go on forever; lol.
note: the area between the 618 and 786 is called the brach zone named after a voodoo master
 
Back
Top