fibo experts — which fibo ?

Discussion in 'Technical Analysis' started by Wallace, Jun 24, 2007.

  1. Sizable studies were performed by several entities to see if they had value. They had no better performance than other levels.

    In short, they don't work. Beliefs have no value or place in profitable trading.
     
    #11     Jun 27, 2007
  2. Wallet

    Wallet

    Wallace,

    I see this thread has been posted on several different boards. What conclusions have you made?
     
    #12     Jun 27, 2007
  3. Sizable studies were performed by several entities to see if they had value. They had no better performance than other levels.

    In short, they don't work.




    Leonardo of Pisa is not amused.

    <img src=http://www.mathekiste.de/fibonacci/fibonacci.jpg \img>
     
    #13     Jun 27, 2007

  4. Could you provide some actual proof of these studies? I would love to see them. I would have to argue that they do work. They may very well be and probably are a self-fulfilling prophecy, but who cares, if it makes money. Pesavento proved they work with the Gartley patterns. www.harmonictrader.com I provided some proof to what I state. :)
     
    #14     Jun 27, 2007
  5. #15     Jun 28, 2007
  6. Whatever. The problem is in how you apply them, not that they don't work.

    Do you dispute that the Fib numbers are found in nature in countless different settings? If not, then why should the ebb and flow of human crowd behavior be exempt?
     
    #16     Jun 28, 2007
  7. I think the key to trading Fibonacci numbers successfully lies in the hat. You need the hat.
     
    #17     Jun 28, 2007
  8. Wallet: well, either people aren't interested in the questions, they don't know the answers
    or know the answers but don't wish to disclose them
    so there's no conclusions based on the replies
     
    #18     Jun 28, 2007
  9. nkhoi

    nkhoi

    eye check, what do you see here
    [​IMG]
    how about, they leave the answer there but nobody bother to look:(
     
    #19     Jun 28, 2007
  10. Nkhoi-I am sure you can read your own chart, just like I can read mine, but to me, honestly it's so cluttered I can't make sense of it. :confused:

    I understand the general idea, as I use fib, but there is alot going on that chart. Anyways nice of you post.
     
    #20     Jun 28, 2007