The only way to trade with fibonacci

lol curb it for me, blow me guy.
Yea I have degree in finance and economics funny thing is my school did teach me black swan maybe you should've went to a better school. Please spare me the LTCM like I don't know the story.

Keep drawing lines on charts and soon enough you'll join the structurally unemployeed.

...................................................

been doing it for 30 plus years.

worked then, works now.

i will be sure to post up when it stops working.

i am unemployed,
beacause i have all the F^^^ing $ as this was the goal in the first place.

i used 7 letters against your 4.

higher level math............:)

s

p.s.

please use the spell check when posting

unemployeed...........?


a much better business school, my ass.......:)
 
if ya so pissed off with fibs then stop using them ya moron!

Ya think your the first tossa to think fading fibs might work.

If trading was that easy then everyone would be able to make easy money and then no one would.

Ya got years to go before ya can trade profitably... i doubt youll make it.
 
Quote from shopster:

lol curb it for me, blow me guy.
Yea I have degree in finance and economics funny thing is my school did teach me black swan maybe you should've went to a better school. Please spare me the LTCM like I don't know the story.

Keep drawing lines on charts and soon enough you'll join the structurally unemployeed.

...................................................

been doing it for 30 plus years.

worked then, works now.

i will be sure to post up when it stops working.

i am unemployed,
beacause i have all the F^^^ing $ as this was the goal in the first place.

i used 7 letters against your 4.

higher level math............:)

s

p.s.

please use the spell check when posting

unemployeed...........?


a much better business school, my ass.......:)
More...


I'm sure "beacause" is a word too.....
 
So, when drawing Fib Retracements on a chart, do you start with the Highest high and Lowest low? Say on the 15 minute chart. This is the part I'm getting confused with. Where to start the plots exactly?

Thanks.
 
I am a new member. After reading through 80% of the posts in this thread it seems to me that the arguments made against FIB could really be made against any technical indicator. It seems that this should really be a fundamental VS technical argument. I mean really is there any intrinsic reason that any technical indicator should have a relationship to what the price is going to do.

Most indicators are based on statistical analysis of some sort. We come to see that MACD cross or that upper bollinger break, or some other indicator as an indication of some potential move because statistically it seems to have validity based on passed results.

Fibonacci is a little different. We might use them to help determine retracements, support, resistance, where we might put our stops and things like that. Perfectly acceptable to do so.
You could use other methods. Like many things in trading, they might work because people believe they do. And they might simply be a way to help us reach a decision about something that might be arbitrary.

But so what. There is probably no cause effect relationship between any technical indicator and any future price movement Why should there be one? FIB helps give us a simple plan that we can follow. What is wrong with that?

I don't really see how criticisms of Fibonacci are any different than those that could be made of any technical trading system. I have no problem that the cause effect relationship might not exist. I am a fairly new, but entirely technical trader. If it works I use it. If not its gone
 
Even better - forget whether fibs are working or not.

The strategy is a "go in in steps on a pullback" type of trade execution. That needs a series of numbers that are "right" - not too many levels to go in, not too few, and with a decent progression.

Fib numbers are just that - they give you some decent levels to go into a trade. NICE.
 
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