Yup, I'm not saying Fibs are nonsense, what I should have mentioned, 'My brain can't process Fibs'. When I sometimes look at individual stock charts, I sometimes see major volume reactions at exact tops and bottoms and I wonder whether these are Fib levels or some other method being utilised. In the meantime that's my quest quietly running in the back of my brain, is there a major tops and bottoms method, not 'near' tops but 'exact' tops? Probably not but...... What I seek could be imagination or coincidence as frequently tops and bottoms frequently too have no volume reactions.
I have been trading Fib retracements for about 4 and a half years, and i believe the Candles are painted (if not) why are the patterns so repetitive on retracements (the waves of the market)
Apologies a little late with you reply, What i mean regarding the candles are painted is i believe ,apart from major news releases the charts are readable. I trade tick charts with Fibs nothing else. As i said before Pattern recognition and recognising the waves of the currency pair.
I've always been an empath trader, feeling the movement, even before I understood what was going on in the markets. So trading without emotions is impossible for me short of automating everything, which has proven to be more of the impossible. The more I feel/fear, the stronger I know to oppose what's going on. Over time, I've learned to grade my fear and use that to help gauge how much opportunity I have (along with using other analysis.)If I'm not afraid, it's rarely a market move I want to counter.
I've read The Disciplined Trader but nothing else educational regarding the markets. Everybody has their own way of approaching things.
@SimpleMeLike You provide much needed comic relief. I like it! I just add your posts to my salt shaker.