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Are Fibonacci retracements and projections useful?
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Are Fibonacci retracements and projections useful?

  #271 (permalink)
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srgtroy View Post
That said, you may have opened the door for some fib porn this weekend, my friend, and that's on you!



Bob.

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  #272 (permalink)
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srgtroy View Post
...

That said, you may have opened the door for some fib porn this weekend, my friend, and that's on you!

Source: Weekend Report Friday November 13th

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  #273 (permalink)
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trendisyourfriend View Post
Source: Weekend Report Friday November 13th

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I can't speak for Elliot Wave because I really don't know anything about them. I'm more interested in Fibs alone because they utilize the Golden Ratio which appears throughout Nature. I don't know that Elliot Waves are as universal.

At any rate, when it comes to fib 'porn', those are some 'nasty' charts...

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  #274 (permalink)
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Source: Weekend Report Friday November 13th

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Your images are so small they are unviewable...

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  #275 (permalink)
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srgtroy View Post
I can't speak for Elliot Wave because I really don't know anything about them. I'm more interested in Fibs alone because they utilize the Golden Ratio which appears throughout Nature. I don't know that Elliot Waves are as universal.

At any rate, when it comes to fib 'porn', those are some 'nasty' charts...

I think Elliot Wave and the Golden ratio exist together and are connected with each other.

@tturner86 i have included the source of the pictures where you can see them all in full glory.

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  #276 (permalink)
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srgtroy View Post
I can't speak for Elliot Wave because I really don't know anything about them. I'm more interested in Fibs alone because they utilize the Golden Ratio which appears throughout Nature. I don't know that Elliot Waves are as universal.

At any rate, when it comes to fib 'porn', those are some 'nasty' charts...

Lots of ratios that aren't the "golden" one exist in nature as well. And the number "1" comes up even more often. You really should base your trading on that number, it's obviously supernatural.

edit: That is not to pass any judgement on whether fibs work or not. I just find the rationale of believing in fibs based on nature lacking.


Last edited by skoa; November 14th, 2015 at 04:14 PM.
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  #277 (permalink)
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cop porn


srgtroy View Post
I cannot tell you whether price will get there and what it will do if it does -- anymore then a volume profiler can tell you if price will reach a poc and/or go through it, or anymore then a VWAPer can tell you if price will hit a VWAP and what it will do after that. Fibs are just another form of market structure. Nothing more, nothing less.

Exactly.


srgtroy View Post
That said, you may have opened the door for some fib porn this weekend, my friend, and that's on you!

I like Dow popcorn today. I did away with overcomplicating the wave analysis a long time ago when I realised it only leads to bias and dogma. Now I want the narrative, what's the motive and who did it - was it really Colonel Mustard in the kitchen with the lead piping? What are the alternative story endings? And who gets to choose?


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  #278 (permalink)
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skoa View Post
Lots of ratios that aren't the "golden" one exist in nature as well. And the number "1" comes up even more often. You really should base your trading on that number, it's obviously supernatural.

edit: That is not to pass any judgement on whether fibs work or not. I just find the rationale of believing in fibs based on nature lacking.

I never said anything about fibs being supernatural. In fact, its quite the opposite, they are as natural as it gets, which is why they appear in everything from spirals in a galaxy to flowers and bee colonies. There are some other common ratios in nature like pi or "e", but i find phi (the golden ratio) to be the most interesting one.

Comparing phi to 1 is apples and oranges...

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Fib looks beautiful after fact, always

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srgtroy View Post
I never said anything about fibs being supernatural. In fact, its quite the opposite, they are as natural as it gets, which is why they appear in everything from spirals in a galaxy to flowers and bee colonies. There are some other common ratios in nature like pi or "e", but i find phi (the golden ratio) to be the most interesting one.

Comparing phi to 1 is apples and oranges...

similar sentiment...

but, personally i like "pho"

had some yesterday, at the in-laws

the reaction was as "natural-as-it-gets."

and, gave new meaning to the term"golden ratio"

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Last edited by tigertrader; November 15th, 2015 at 03:24 PM.
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