Quote from TraderZones:
Quote from amytrade:
Yet one MORE example of proof by me and NO PROOF from you.
NO PROOF FROM ME? WERE YOU UNABLE TO OPEN THE STUDY???
ARE YOU TOO THICK TO UNDERSTAND WHAT PROOF MEANS? YOu want to prove it, you put together a list of hundreds of trades, over a long period of time, that shows your stuff is "proven.' Stop using examples as proof. That is what 3rd graders do, because they have no grasp of statistical proof
Today both the 50% fib and 62% area both had resistance and both times reversed in the direction of the trend. Are you really DUMB enough to think this is a coincidence?
No but you are dumb enough to think this is proof. Prove what you just said. Try and not dribble when you show the truth of this mathematically.
135.73 just HAPPENED to be resistance, just coincidence? hahahah!
The laugh of the clown. PROVE THAT IT WAS EXACTLY THE NUMBERS YOU CLAIM. AND THAT OTHER RANDOM NUMBERS DID NOT WORK
AWAITING YOUR PUBLISHED BROKER STATEMENTS PROVING YOU MAKE "A TON OF MONEY" AS YOU CLAIMED. PLEASE ATTACH THEM BELOW.
Jasus will you quit posting here. WTF. The type of tools she is using is classic momentum stuff. Very simple IF THAT IS UR STYLE.
If your edge is levels then WTF are u doing on this thread? Other than to harass people.
FWIW, I have been trading since 1995. I have seen the Fib tools that AmyTrade uses work since about that time. I have managed money on 3 trading desks. I have known and seen all kinds of traders that use similar tools profitably over that time. Momentum is momentum. Always has been and always will be. For the right trader, the fib tools produce good risk/reward trades. It's that simple.
By the way, I have interviewed dozens of traders and sat in on interviews of dozens more. One thing that always set off alarms of 'potential failure' was the need to always be correct (being hard headed). Oh and I have never seen an academic study mean shite outside of a mutual fund. In fact most of debacles that have occurred in the HISTORY of financial markets always revolve around "the latest academic model".
Now get back to trading AmyTrade.