Is there a specific 'technique' you are referring to, or are you asking simply about buying or selling retracements (or extensions), at key Fib numbers? If a specific technique, what's the supposed "secret" about it ?
may be he is trying to find out about knowedlge of ET traders. Well i think 95% of ET traders know how to simply us it. What about Fabionacci fans?, I don't realy know much about it
1 1 2 3 5 8 13 21 34 55 89 144 233 ... What's the big deal? The real secrets lie in 2 3 5 7 11 13 17 19 23 31 37 41 43 47 ... Of course, if all you are interested in is money, it should be sufficient to look at something like 1.1 1.21 1.33 1.46 1.61 1.77 1.95 2.14 2.36 2.59 ...
Could be asking about that outfit that's been spamming the hell out things lately with their stupid "learn fibonacci trading secrets" emails.
Yeah sure 377 is no big deal. And 53 is a secret. But I think the real money makers after 1.46 are 1.60, 1.76, 1.93, 2.12, 2.33, 2.56... Am I wrong?
Personally i believe fibonacci is only of value, as ppl believe in it.Self fulfilling.Someone prove me wrong
'Fib' always meant BS where I come from. Fibonazi was just some particularly onerous BS. Never knew there was anything secret about it ... Ooops! Did I let the cat out of the bag?!