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Updated March 4, 2017
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October 27th, 2015, 07:26 PM
Bridgeport, Ct
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 923
Devil Man
No, they're bullshit...if you know how to read
context .
Are they not bullshit if you don't know how to read context?
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
October 27th, 2015, 07:30 PM
Fort Lauderdale
Legendary / Stochastic Calculus is not your friend
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: S&P, Crude, Gold
Posts: 879 since Oct 2009
Thanks Given: 3,512
Thanks Received: 1,563
TheShrike
Are they not bullshit if you don't know how to read
context ?
the point was that if you know how to read context, you would probably not put much weight on fib's...or ma's...or most any other indicator.
October 27th, 2015, 07:41 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,607 since Jun 2009
Thanks Given: 33,345
Thanks Received: 101,972
hobart
On ES, i see critical
price action at 50% all the time. I use fibs for targets, not trade entries.
50 is not a fibonacci number.
Mike
October 27th, 2015, 07:44 PM
Bridgeport, Ct
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 923
Devil Man
the point was that if you know how to read
context , you would probably not put much weight on fib's...or ma's...or most any other indicator.
I know, I was just bustin ya balls.
October 27th, 2015, 07:48 PM
Fort Lauderdale
Legendary / Stochastic Calculus is not your friend
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: S&P, Crude, Gold
Posts: 879 since Oct 2009
Thanks Given: 3,512
Thanks Received: 1,563
October 27th, 2015, 07:54 PM
Portland, Oregon
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,189 since Sep 2013
Thanks Given: 10,459
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October 27th, 2015, 07:58 PM
OR/USA
Legendary /NQ Trader
Posts: 2,129 since Mar 2011
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If someone can find a recurring pattern in fibs and price action with a positive expectancy then they are useful.
October 27th, 2015, 08:20 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
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The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement. -Investopia
October 27th, 2015, 08:33 PM
Bridgeport, Ct
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Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
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Thanks Received: 923
cory
The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement. -Investopia
Overwhelming tendency eh? Show me the data.
October 27th, 2015, 08:34 PM
Portland, Oregon
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,189 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695
Massive l
If someone can find a recurring pattern in fibs and
price action with a positive
expectancy than they are useful.
Amen...
Last Updated on March 4, 2017