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Thanks for the ad hominem but it was just a simple question. There's no need to get bent out of shape. Let me see if I can phrase this a little differently.
What is it specifically about the Fibonacci number sequence that gives it's users an edge in trading? Why does the price seemingly bounce off those levels? I'm interested in the actual phenomenon taking place. Are they just a self fulfilling prophecy? Is it cosmic magic? The secret number order that controls the universe? You don't have to give up your secret sauce. Just explain why it works. There must be something really special about a number sequence a guy in the 1200's came up with to still have relevance in the electronic markets of today. You must know, otherwise why use them right?
Seriously, there is very little curiosity and determination by people to to look at things, think and get their hands dirty really learning. Everyone wants to be spoon fed.
This quote sums it up nicely
"What is wanted is not the will to believe, but the will to find out, which is the exact opposite."
— Bertrand Russell
You don't know how or why it works and you accuse us of not wanting to get our hands dirty and really learning about something.
I would make a comment but at this point it is too easy and it is not worth arguing with someone who doesn't know why or how what they are doing works.
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It reminds me of discussion about Gold as investment or money. Invariably people get excited or hostile.
I think Fibs are both holy grail and Bull faeces ( just like every other methodology out there). It all depends on how it fits with your market understanding and its role in your position sizing and trade execution.
Please share the probability work/research that you've done that prove fibs are useful.
Just to keep things calm let me reiterate -- we are both adults and I am not attacking you. We are two people having a conversation, I hold one opinion, you hold a different one. Insults are for children that can't defend their statements or ideas and have no place here.
I've laid out all my opinions in hundreds (thousands?) of posts already, and at least one thread you've mentioned already. I would appreciate it if you lay out yours instead of just saying you can't share anything, you could anonymize the data and share your research without sacrificing any privacy or holy grail type system.
I'm trying to pinpoint research that shows fibs are useful.