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Fibonacci Queen

  #35 (permalink)

Toronto, Ontario
Trading Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker/Data: IB, IQfeed
Favorite Futures: ES, CL
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Posts: 203 since Oct 2009
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There is a big distinction between: 1. they didn't work for you, and 2. they don't work. Fibs have stood the test of time and are still an excellent tool in knowledgeable hands.
On the topic of Boroden - her webinars are simply teasers. Buy the book if you want to really learn her methods.

tomasito View Post
I didn't find Fibs very useful in the long run and have spoken to someone who has tested them over time, deciding that at least on their own, there is no edge in using them. If you can find a confluence of price support or resistance I would say that would give you a better edge.

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