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

  #341 (permalink)
Live Your Bliss
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Hilarious seeing people desperately trying to convince others their mumbo jumbo is the holy grail. Winners rarely, if ever, do that. They keep their methods to themselves and keep making money. Cheers.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #342 (permalink)
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Hilarious seeing people desperately trying to convince others their mumbo jumbo is the holy grail. Winners rarely, if ever, do that. They keep their methods to themselves and keep making money. Cheers.

What happens when winners don't really know what exactly their method is, they just compile information and experience without needing some sort of specific pattern or indication?

Very rarely do you ever see anyone trade exactly the same way. Even with the highly popular methodologies over the years everyone still would come up with different entries and exits.

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  #343 (permalink)
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Winners...keep their methods to themselves...

By your definition of winner, @tigertrader and @Big Mike are losers...

Anyway, using a juvenile Val Kilmer gif -- especially one with poor subtitles -- to make a point speaks for itself...

And if you're philosophy is to keep everything to yourself, why are you here?


Last edited by srgtroy; November 19th, 2015 at 02:45 AM.
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  #344 (permalink)
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Flame wars!

Can't we do better than this? It appears not.

I'm with @Pariah Carey on this:


Pariah Carey View Post
Don't ever apologize Roy. In fact I'd be telling people to shove it. I know nothing of fibs but if they work for you then drive on. Every trader needs to be his or her own guru.

Chill out, folks. Who cares about your precious opinions? A little live and let live, a little mutual tolerance, a little return to maturity, would be welcome in this thread.

Who knew that something as obscure as fibs would spark such emotion? As well as such discourtesy?

Bob.

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  #345 (permalink)
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srgtroy View Post
By your definition of winner, @tigertrader and @Big Mike are losers...

Anyway, using a juvenile Val Kilmer gif -- especially one with poor subtitles -- to make a point speaks for itself...

And if you're philosophy is to keep everything to yourself, why are you here?

that was val kilmer before fibs

this is val kilmer after fibs

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btw: things would get pretty boring around here, if everybody was on the same page

the same goes for the market...

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  #346 (permalink)
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It is sad when people take lively debate and discourse as flame wars. You wouldn't hang for five mins at my dinner table. Tiger and Roy are big boys and I am sure can handle such debate.

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  #347 (permalink)
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srgtroy View Post
I posted these levels AT THE BEGINNING OF THE WEEK! BEFORE ANY PRICE ACTION!

https://futures.io/traders-hideout/37501-fibonacci-retracements-projections-useful-29.html#post537485

The idea that this is all post hoc is laughable...

its more about causality, my friend

A occurs before B

Therefore A is the cause of B.

The Post Hoc fallacy derives its name from the Latin phrase "Post hoc, ergo propter hoc." This has been traditionally interpreted as "After this, therefore because of this." This fallacy is committed when it is concluded that one event causes another simply because the proposed cause occurred before the proposed effect. More formally, the fallacy involves concluding that A causes or caused B because A occurs before B and there is not sufficient evidence to actually warrant such a claim.

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  #348 (permalink)
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tturner86 View Post
It is sad when people take lively debate and discourse as flame wars. You wouldn't hang for five mins at my dinner table. Tiger and Roy are big boys and I am sure can handle such debate.

Well, that smacked me down.

Probably you're right.

Bob.

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  #349 (permalink)
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Has anyone considered the fact that the markets are man made and not natural, hence the argument it appears in nature and therefore appears in markets is completely moot.

Thought I would fan the flames a bit and see what happens.

Flame on.

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  #350 (permalink)
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PeakGrowth View Post
Has anyone considered the fact that the markets are man made and not natural, hence the argument it appears in nature and therefore appears in markets is completely moot.

Thought I would fan the flames a bit and see what happens.

Flame on.

So humans are not natural?

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