Fibs don't work

Discussion in 'Technical Analysis' started by SunTrader, May 18, 2022.

  1. easymon1

    easymon1

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    #291     Jan 27, 2023
    MACD likes this.
  2. easymon1

    easymon1

    delete1.png
     
    #292     Jan 27, 2023
    MACD likes this.
  3. tuxedo69

    tuxedo69

    Ended up trading Friday said i wouldn't, only half an hour 3.00-30.30pm uk all good though. Couple of good fib moves.
    as you can gather i don't trade 30 minute or daily charts.
     
    #293     Jan 28, 2023
  4. tuxedo69

    tuxedo69

    Post removed. ?
     
    #294     Jan 29, 2023
  5. MACD

    MACD

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    #295     Jan 30, 2023
  6. SunTrader

    SunTrader

    Difference, once again, between using the close when there are long candle wicks on high, low or both (in this case) and missing the move. Anal-retentive types will just stick to what they see the majority do. Safety in the crowd mentality.
    ! Fib 61.8 Close.png
     
    #296     Jan 31, 2023
    easymon1 likes this.
  7. easymon1

    easymon1

    delete.png
     
    #297     Mar 5, 2023
  8. SunTrader

    SunTrader

    137.5% fib doink, doink, doink. Hey that's not a fib ratio. Oh yes it is. Think 61.8% and a circle

    ! Fibs dont work lol.png
     
    #298     Jan 9, 2024
  9. tuxedo69

    tuxedo69

    Any one heard from easymon1 ?
     
    #299     Jan 9, 2024
  10. I was wondering the same thing. He used to be everywhere. His profile is limited buy I have had a prior PM with him so I will check in and see if he responds.
     
    #300     Jan 9, 2024