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TF thread (Russell 2000) ... anything goes
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TF thread (Russell 2000) ... anything goes

  #541 (permalink)
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Do Fibs really forecast levels for trade management? Can't argue with Fib extensions in this screenshot.

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  #542 (permalink)
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aligator View Post
Do Fibs really forecast levels for trade management? Can't argue with Fib extensions in this screenshot.

Cheers!

https://futures.io/traders-hideout/7364-random-line-theory.html

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  #543 (permalink)
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Fib is a fighting word for Big Mike....I confess to using them in some circumstances as kind of a reference but I keep it quiet around BM...he gets all wound up...

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  #544 (permalink)
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even simple fib retracements can be helpful. even though if reality continues, we should get passed this level easily.

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but in all fairness, fibs are as random as trend lines

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kbit View Post
Fib is a fighting word for Big Mike....I confess to using them in some circumstances as kind of a reference but I keep it quiet around BM...he gets all wound up...

I'm not saying they can't be helpful. Just saying that you need to recognize when you are being fooled into thinking they are predictive.

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  #546 (permalink)
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Big Mike View Post
I'm not saying they can't be helpful. Just saying that you need to recognize when you are being fooled into thinking they are predictive.

Mike

Was careful to use "forecast" not "predict." But, seems like fibs levels act like metro stops for the crowd psychology to get on or off.

For this TF case, looks like our train is stopping at every watering station.

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  #547 (permalink)
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On board again with a window seat on Fib train. T1 in the bag.

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  #548 (permalink)
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I have around 785.5 as being a spot...
I can see 787 and 789.5 as well....gets kind of messy around there

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  #549 (permalink)
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Ticket punched at BE+6, getting close to destination.

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  #550 (permalink)
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kind of late but watch 782.....

785...below go down....above go up as I'm seeing it

Edit: the specific number is 785.2


Last edited by kbit; June 19th, 2012 at 02:41 PM.
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