"The only way to trade with Fibonaccis" journal

I guess you didn't read this part

He's buying one contract at 38.2%, three contracts at 50%, and five contracts at 61.8%, his stop loss is the 100% retrace, and his profit target the 0%.

 

^ This.

The average price is below the 50% point, then, which I view as necessary to the profitability of this strategy.

As for the .pdf I'm writing, it's turning into a book at this point. heh.

 

I haven't bothered to read the whole thread, so excuse me if this has already been addressed.

There seems to be confusion around the web about fib numbers.

What exactly are the numbers that are above 100%?

For example, the percentages below 150%.

On some sites 127.2% is claimed, on another 138.2%.

What are the exact fib numbers above 100%?

Thanks!

 

Where is your pdf file?

 

1. Read the whole thread. Why should the op bother to reply to you if you can't be bothered doing the work?
2. Then you can answer the question of which extensions were used and if the OP believes in them.

There is a hint here.

and to MoreYummy: you might just read the last couple of pages.

 

I'm still working on it.

 

Hey 1a2b3cppp,

Thanks for sharing this. Look forwarding to seeing of it and I'll keep following

I think I get the whole picture, the only thing I'm trying to now fully understand is where you draw your lines. I've been backtesting your strategy by just kind of feeling out the trends but I wonder if there's more to it.

 

So I'm starting to get back into trading now after a crappy couple of weeks.

I'm about 50% done with the .pdfs.

 

Welcome back 1a2b3cppp,

Hope the problems were not too major. I've been reading your other thread and I wanted to approach fibs a little differently. But to do so I need to know what you believe to be true about the markets.

1. Do you believe that horizontal support and resistance has merit (you know, lines that are respected by up and down thrusts stopping near them then moving off) ?

(feel free to swap the word pivot or swing or some such for the word thrust)

 

Just emo shit. I didn't even want to get out of bed for a few days there.

lol @ having a #1 but no #2

Horizontal lines, yeah, to an extent, yeah I do sometimes.