Trader,
Appreciate your info. But with all due respect if you disagree with Amy's method, please keep it to yourself. We don't need arguing each other what doesn't work. If it works for Amy, then fine, so be it. There's no need to gain prove from her statement.
Time is money, seriously we don't have time to read arguments. We're here only interested in ideas, whether you're against it or not. Take it or leave it.
Carry on Amy.
Q for you Trader. Are you a freelance trader? Or do you work for hedge fund firm?
Appreciate your info. But with all due respect if you disagree with Amy's method, please keep it to yourself. We don't need arguing each other what doesn't work. If it works for Amy, then fine, so be it. There's no need to gain prove from her statement.
Time is money, seriously we don't have time to read arguments. We're here only interested in ideas, whether you're against it or not. Take it or leave it.
Carry on Amy.
Q for you Trader. Are you a freelance trader? Or do you work for hedge fund firm?
Quote from TraderZones:
The point is, they DON'T work. I posted a serious institutional study a couple pages back that strongly proves they are no more useful than any other level.
Speculating on the reasons they do is a cosmic waste of time. Beliefs and opinions mean nothing. Evidence and proof mean everything.
An edge is quantifiable. That there is a longterm uplift in the stock market during the last couple days of a month and first few days of the next month is beyond doubt - it has been working for a good century. It doesn't always work, but year in and year out, it remains.
Fib levels have been shot down multiple times by very smart peiople who subject it to rigorous tests. The fact that people still believe in it is no more interesting than people convinced that a giant dinosaur-era marine reptile exists in Loch Ness, even though the Loch is only some 10,000 years old and marine reptiles disappeared 65 million years ago.