Fib drawdowns??

Discussion in 'Trading' started by MrGecko, Feb 10, 2008.

  1. MrGecko


    I am working on a new method of trading in the simulator (S&P500's), and was building a spreadsheet to analyze my performance over time. While setting up a chart to monitor the cumulative R:R, I wondered if anyone who has charted their own performance sees chart patterns developing??

    My first thoughts were if the "drawdown" of a consistently profitable trader retraces to fib levels, then reverses??

    maybe theres nothing in it, but has anyone experienced anything like this?????
  2. Yes, everything charted has a footprint or pattern that may or may not be/appear random.

    No I don't use that chart. I'd end up fading myself.