Oh My...
Whenever I see "The only way to trade with Fibonaccis" journal, I think: Don't these people know they're only playin on the derivative of the random entry strategy for mean reversion?
Look at anyone who's traded on Fibonaccis. See they did the best in flat and counter-trending markets? Right. Well there you go. Need I say more?
I always envision people who see fibonaccis also see ghosts. It's a noble theory about human nature and the chaos theory in general, but nobility has no place in the day-to-day markets. Get real you lovers of randomness!
Whenever I see "The only way to trade with Fibonaccis" journal, I think: Don't these people know they're only playin on the derivative of the random entry strategy for mean reversion?
Look at anyone who's traded on Fibonaccis. See they did the best in flat and counter-trending markets? Right. Well there you go. Need I say more?
I always envision people who see fibonaccis also see ghosts. It's a noble theory about human nature and the chaos theory in general, but nobility has no place in the day-to-day markets. Get real you lovers of randomness!
