[QUOTE=" Lessons : 1. It takes way more effort to keep up a journal than to simply trade and it only serves as a distraction. 2. Even after months of live trades with prices verifiable and profits posted, people still call B.S. so what is the point. 3. For every person that likes the strategy you are using and participates there are 4 more non-traders who think it is shit and dump all over the journal. ...." [/QUOTE] Before joining ET, I had such journals on chinese forums which I already gave up years ago. I'm sure that most will give up eventually once they realize that they are wasting their time for nothing. That said, there are so many things to enjoy in real life than getting pissed off regularly on any forum due to some shitty people doing just that for fun. Speaking of which, I'm about to say goodbye to ET as well. Perhaps, this could be my last post on here
If you are going to leave you need a more expletive laden post than that....and don't leave...ET is becoming fun again!
I know. There is no reasoning with Fibonacci devotees. It's a faith-based thing. If there is one good thing to say about Xela, it is that "she" was not a fib fan.
I usually say "I trade the 30 yr.". Interrogations? Long story short version. Our department got word the manager of car audio dept. stole a $500 Alpine stereo. So, the interrogation begins, but we don't call it that in the retail industry...it's called the INTERVIEW. This particular manger was popular and both his wife and mother in law worked as managers at this location as well. We finally got said manager to confess his crime, but also tried to get him to purge about more crimes he committed that we weren't aware of...common practice...but no dice. During the interview and before confession, the suspect kept asking for our reassurance that we wouldn't call the cops. Problem was, he wasn't going to confess unless no cops involved. He didn't want the embarrassment of being taken out of the store in hand cuffs with the police escorting him...all in front of his wife, in law, and co -workers. After we were satisfied with our case and concluding our interview, we decided to tell our suspect that the cops would be called to complete the arrest process. The suspect jumps out of his chair and runs out of the security office (our office was only locked from the outside) and down the hallway right into the customer area of the store. Now we are chasing this mofo up and down aisles in front of customers. We eventually tackle and hand cuff him. My partners right bicep is near the suspects face. What does he do? He bites down hard onto my partners bicep and doesn't want to let go, so I start elbowing the shit out of the guy's head to make him let go...he finally gives in. Fricking bite mark was disgusting, it looked like 30 small but deep puncture wounds in symmetry...something you would see at the dentist office in x-ray form. This was a normal guy who I had known for years. He didn't want to draw unwanted attention to his huge mistake. This was a manager with a decent salary, but he couldn't control himself. For someone who feared being exposed to his peers, he sure ended up drawing more attention and making it worse...he snapped. I saw this all the time...people just have no clue what their capable of under duress or confronted with temptation. I've arrested doctors, lawyers, ex-convicts, destitute, security officers...you name it...although no cops or firemen.
I don't trade fib's but I know a few competent traders who do and there does appear to be some S/R functionality. People wonder off into the woods when they put grids over Elliot (Rorschach) patterns.
Bottom line, as I see it, is that if you buy into "Fibonacci levels" in trading, you are essentially buying into predetermination. A bit too woo-woo for my taste.
Fair enough. But there are so many so-called fib levels, that you can trip over them. Retrospectively, you can always point to the one that "worked." As for your friends who use them, I have to wonder if they would do at least as well without them.