"The only way to trade with Fibonaccis" journal

Quote from 1a2b3cppp:

No it wouldn't, because this method would also work with non-fib percentages being used. Remember, I normally don't even use fibs. I'm only doing it for this thread because I want to have the only profitable, non-vague, non-BS fib method out there.

Fibs are used in this system, but they're an afterthought. The system is not based on them.
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have you explained how any system can beat random numbers in the long run.

We some big stats guy on here trying to explain the same thing.

He started talking about flocking. Which really was a cop out because flocking is organization on a smaller time frame. (in my opinion).
 
Quote from 1a2b3cppp:

Anyway, also keep in mind that this is really only half of the method. There's another hedging component. But I'm not even going to introduce that for a while cuz I'm not in the mood to deal with all the people who are like "ZOMG DOOD DON'T U KNOW THAT BEING LONG AND SHORT AT THE SAME TIEM IS THE SAME AS BEING FLAT LOLOLOL!"

Can you discuss the hedging aspect of the system? It seems that we've been missing half of your method.
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Only one trade today, 4 contracts deep.

Today's price action was boring. There was really only this one pullback on the 2500 tick chart. I may have to switch to volume charts or something. 2500 tick was kicking ass last week but it was boring today.

Total for the week: $1,791.70.
 

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Quote from jem:

have you explained how any system can beat random numbers in the long run.

We some big stats guy on here trying to explain the same thing.

He started talking about flocking. Which really was a cop out because flocking is organization on a smaller time frame. (in my opinion).
More...

I'm not sure what or who you're talking about, nor do I know what "flocking" is.

Please rephrase?
 
Quote from chefo:

Can you discuss the hedging aspect of the system? It seems that we've been missing half of your method.
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I will get into that later. It involves using another account and taking the opposite position. I originally was doing it long term with stocks. Depending on how one hedges, here are a few possible results:

- A "winner" is slightly reduced
- A "loser" is slightly reduced
- Both long and short trades close for a profit on both sides

There are a few more possibilities, too, but I'll discuss those later.

I could write a book on hedging. There are so many possibilities that most people don't even think of.
 
I'm in my last trade of they day. If price hits 1170 before it hits 1165.50 then I win. If it hits 1165.50 first then I lose.

Regardless, it's getting to be late in the day so I'm not going to take any more trades after this one.

My first trade of the day was only 4 contracts deep and was just over $400 winner.

If this current trade loses, I'll be net -$400 or -500 or so for the day. Not too bad.

Stay tuned.
 
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