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Fibonacci Queen

  #40 (permalink)

desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, IB
Broker/Data: AMP/wCQG, TDA, IB
Favorite Futures: CL,NQ,YM
Posts: 2,087 since Jul 2011
Thanks: 2,310 given, 1,637 received

I have admitted I bought Miner's DT5 on the sticky "Admit what products have you spent on " thread.
Really nothing new which can't be done on NT. and it was old school software written for Windows 9x.
Doesn't pick the elliot waves either. One still has to pick the pivot points.

Fibs, Miner and Borodin style may have worked 15 years ago, but I hadn't seen any sign of consistent results today. Today's market has a lot more big money participants wise to the old multiple projections and multiple retracements that they can easily whiplash those retailers who are still trying to do so that way. A perfect 5 wave or even 3 wave is like an extinct species now. It's more like Fat Tails said, stick to a couple of fibs like 38% 68% on the longer time frame, and mainly 68% 100% on the short time frame. I do that with my choice of oscillators and MA's and it's the best fib success with those simple fib ratios I've ever had.

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