Fibonacci secrets

Discussion in 'Technical Analysis' started by Gene, Oct 11, 2003.

  1. Why does it matter WHY it works, if it works? Most trading methods and even profitable indicators work because they are self fulfilling. Buying at suppport, buying breaks, moving averages, stochs, patterns - many people are watching what you are watching and doing the same thing - thus, a self fulfilling prophecy.
     
    #11     Oct 13, 2003
  2. Im fully aware of what your stating.What i am saying is there is no hocus pocus to fibonacci,contrary to what alot of people appear to believe.

    Best regards.
     
    #12     Oct 13, 2003
  3. LOL...

    This is funny!

    This is important...

    No, it's not that is more important...

    This is...

    That is...

    This is...

    That is...

    ...

    ...

    Get some quantative proof, and a lot of people will stop laughing...

    ... that is... if you want them to stop laughing.
     
    #13     Oct 13, 2003
  4. richk

    richk

    Yes, it is part of my trading technique.
    Using 38, 50, 62 % retracement levels...
     
    #14     Oct 13, 2003
  5. Fibonacci "secrets?" Please, please, please tell me you're joking.
     
    #15     Oct 13, 2003
  6. maxpi

    maxpi

    Fib can define the word "retracement" in a math style, that's all I do with it, I use other indicators for signals to enter.
     
    #16     Oct 13, 2003
  7. is this ripe yet to move to chit chat
     
    #17     Oct 13, 2003
  8. Hubert

    Hubert

    talking about this I get e mails from a lot of course

    http://tinyurl.com/qqwy

    heck we should see if we can get elitetrader to let us rate some of these like we do software and books


    Good luck
    Hubert
     
    #18     Oct 13, 2003
  9. It depends on which calculator you use. Yours seems to be the one the bank uses to calculate the interest they pay you, while mine was the one the bank uses to calculate the interest you owe them.
     
    #19     Oct 13, 2003