I have to ask you to please keep posting. Your complete smack downs of these posers totally rocks. Don't feed the trolls like they said. You called them out but am sure it is not even worth bothering. Fibonacci retracements are my main tool in ES trading. I use it almost exclusively and it pays. I noticed you said you traded Emini in the past and made the permanent move to FX. I am also looking to challenge myself with a diferent instrument as I have to much time on my hands after I kill it with fib's on the Emini. Denying Fib levels is ridiculous according to me and I am sure many other people. The more liquid the instrument is the better the levels work. So FX being the most liquid instruments in the world should apply. As a matter fact I was being shown how the exact same setups that I trade on the ES appear all over the FX markets and hence the reason I am now studying it. Thank you for keeping up this thread and I would say more but you pretty much covered all the bases in your previous two posts.
Amy, you seem start contradicting yourself: First, you NOWHERE and NEVER explained how you set up your fibs, so your statement is INCORRECT. You also did not show how 75% of your calls where correct, and on what timeframe, with which stops and which target. List them here in one post and you gain credibility but you suddenly came out with this magic number, which actually discredits you. Secondly, you spent an aweful lot of time to defend fib levels and now you say they make up 5-10% of your trading? I wonder.... Again, you claim you explained your methods, specifically how you came up with your fib levels WHICH YOU HAVE NOT. In fact you evaded that request and never explained it, not sure why if you are so confident. So, I would recommend you stick with the truth and dont call other slow just because they disagree with you on your methods, and asked you to explain your method, something you offered earlier (especially dont call people slow who have traded prop professionally for large sell side firms for close to a decade and have made enough money to rest assured their own ways also work.)
..oh yes...one more thing...sure I think the majority would appreciate you stopping to post, unless you actually add value. Again, I dont think it helps anybody's understanding to post some monkey numbers that nobody knows how you derived them and on which basis (you DID NOT walk people through how you, for example derive your fib levels). So, if you suddenly feel stop sharing your ideas, then YES, you should for your own sake stop posting NOW and never come back ;-)
very good point, not sure you are right but the idea is there. So, then again my question from the very first time, how are fib levels then better than random numbers?
well not everyone is bashing her ideas, I am certainly not. But I politely asked her to explain how she sets up her fib levels, which she politely declined/ignored. In that sense she is very inconsistent. a) Either you dont share your methods, period. Then there is no point in her trying to convince others her ideas work and why. But then I also dont understand what she is doing here. b) or you feel sharing your ideas so others can learn, but then you should also explain them and be able to walk people through them, especially after claiming your ideas do work for sure. In that sense I dont really see where Amy is trying to get at. Positing some numbers helps NOBODY. Whats the point. Other possibilities are 1) trying to sell something down the road and first trying to establish a track record, 2) boasting of her success (nobody who trades successfully should feel the need to show off on sites such as ET) Let me know if I am missing something...
lol, you seem to be the no.1 tool. So let me ask some questions after so many claims of yours: 1) you have too much time on your hand after you make a "kill" with fibs on ES? Why not increasing size then buddy? The market is deep enough, make some more money, or could it be you are just a tool? 2) "Denying Fib levels is ridiculous according to me and I am sure many other people. " -> According to you? And who are you? And just because its according to you thats why fib levels work? Hmm, certainly not an argument and lacking slightly in logic, dont think so? And how do you know to many other people? 3) "The more liquid the instrument is the better the levels work." -> Why would that be? I fail to see your point here, too.... But thanks for your post ;-)
She can post what she wants on her journal. It's not a training offer. If you don't believe her, then just find the next thread to read. And if Fib works for her, and not you, so be it. I don't see why she has to convince you that it works or not. She is adding value by just posting her predictions and what her system is telling her. She is sharing it with the readers, and I for one, like to read it instead of trying to question or bait someone into trying to reveal their system.
Well said! Don't worry about 'IluvVol', he's a multi-alias ET troll with way too much time on his hands!
'amytrade' (or whoever you are!), trade any way you like using whatever tools you want to use. If using fibs, standing on your head, or swinging from the chandeliers works for you then no-one can say it's the wrong way to trade or that it doesn't work! No-one has the monopoly on profitable trading strategies, there is no 'right' or 'wrong' only 'profit' or 'loss'. As for topgun software, we had the guy (Chris) on here a while back trying to peddle his questionable wares, he was unceremoniously shown the door. There are plenty of totally free indicators out there which do the same job, no need for anyone to pay for his overpriced offering.