Are Fibonacci retracements and projections useful? - Traders Hideout | futures io social day trading
futures io futures trading


Are Fibonacci retracements and projections useful?
Updated: Views / Replies:30,921 / 434
Created: by Big Mike Attachments:82

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 82  
 
Thread Tools Search this Thread
 

Are Fibonacci retracements and projections useful?

  #401 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,446 since Jan 2011
Thanks: 1,005 given, 2,199 received


Inletcap View Post
@srgtroy

Do you have anything you would like to say today?

If you have some fib porn, by all means please go ahead and share it!

Reply With Quote
The following 3 users say Thank You to srgtroy for this post:
 
  #402 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,765 given, 25,531 received


srgtroy View Post
If you have some fib porn, by all means please go ahead and share it!

Lol- Don't have snaggit on my laptop and its a PITA to snip so you just throw it up there. HOD looked pretty damn close so I had to measure it- gap fill is rather interesting so while you have the tool open you may want to measure that too

This took forever without snaggit but there you go

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by Inletcap; December 17th, 2015 at 11:01 PM.
Reply With Quote
The following 3 users say Thank You to Inletcap for this post:
 
  #403 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,446 since Jan 2011
Thanks: 1,005 given, 2,199 received



Inletcap View Post
Lol- Don't have snaggit on my laptop and its a PITA to snip so you just throw it up there. HOD looked pretty damn close so I had to measure it- gap fill is rather interesting so while you have the tool open you may want to measure that too

This took forever without snaggit but there you go

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Hooah!

Reply With Quote
The following 3 users say Thank You to srgtroy for this post:
 
  #404 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,010 since Jun 2009
Thanks: 29,168 given, 82,188 received

Believe.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 9 users say Thank You to Big Mike for this post:
 
  #405 (permalink)
Webinar Host
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,728 since Sep 2013
Thanks: 9,805 given, 10,959 received
Forum Reputation: Legendary


Big Mike View Post
Believe.

Attachment 199823

Sent from my phone

AND WITH THAT THREAD CLOSED @srgtroy...

Reply With Quote
 
  #406 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,873 since Apr 2012
Thanks: 1,671 given, 3,583 received


Big Mike View Post
Believe.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Sent from my phone

This post is being nominated for post of the year 2015

Reply With Quote
The following 5 users say Thank You to Itchymoku for this post:
 
  #407 (permalink)
Elite Member
Phoenix,AZ
 
Futures Experience: Advanced
Platform: Sierra, TOS
Favorite Futures: ES, CL
 
Posts: 12 since Jan 2013
Thanks: 4 given, 10 received


Itchymoku View Post
This post is being nominated for post of the year 2015

A perfect sarcastic end to this thread. May fibs now rest in peace.

Reply With Quote
 
  #408 (permalink)
Elite Member
Copenhagen, Denmark
 
Futures Experience: Advanced
Platform: Fib Fib and Fib.!
Favorite Futures: Setup
 
Posts: 299 since May 2011
Thanks: 55 given, 158 received

Fib will continue to live in its secret world.

Reply With Quote
The following user says Thank You to jta3 for this post:
 
  #409 (permalink)
Elite Member
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,166 since Jun 2009
Thanks: 624 given, 6,235 received


canyon View Post
A perfect sarcastic end to this thread. May fibs now rest in peace.

"The reports of my death have been greatly exaggerated." - Mark Twain

Reply With Quote
The following 3 users say Thank You to cory for this post:
 
  #410 (permalink)
Elite Member
Copenhagen, Denmark
 
Futures Experience: Advanced
Platform: Fib Fib and Fib.!
Favorite Futures: Setup
 
Posts: 299 since May 2011
Thanks: 55 given, 158 received



UmBillyCord View Post
@Big Mike

Here is another example of why I'm not going to get into specifics.

In the past my brother ran education/trading rooms. Sometimes he would give away a free week of education.

After showing people our exact method, including using fibs to estimate a target after an entry, and then having price end up within a few ticks of that target; Do you want to know what the questions were?

When are you going to take some trades live? WTF ?

Did they ask “wow how does that work?” or “hey, show me that again”. No, they just wanted trade porn. Don’t try to teach me something, just show me a trade that I can mentally masturbate to while watching.

Which reinforces my view, and this is not directed to any specific person at this site, that the majority of people are hopelessly stupid. The majority weren’t born that way. They just forgot, or were never taught, how to figure things out for themselves. They want someone to give them an answer, any answer.

Here is one post I made that shows part of our method. I shouldn’t have done it…but what the hell.

https://futures.io/psychology-money-management/29616-anyone-trade-without-specified-targets-stops-3.html#post498227

The numbers are less important than the structure and what that tells me.

And BTW, here are the numbers.

Retracements: 38.2, .50 (not a fib), .618 , .786 ( not truly a fib number but the square of one), .886
Extensions: 127%, 161.8 %, 199% (not a fib), 233%, 261.8% (not a fib)


Also, people get hung up on the exact number. It’s more important to see if there is any symmetry on moves. At best the symmetry lasts a few days or wave patterns, then it changes and evolves to a new symmetry.


Attached Thumbnails
Are Fibonacci retracements and projections useful?-whowantchange.jpg  
Reply With Quote

Reply



futures io > > > Are Fibonacci retracements and projections useful?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Autohiding for Fibonacci Retracements With Extentions zentrade ThinkOrSwim Programming 3 May 8th, 2013 07:36 PM
Indicator hunt - Eraseable Fibs, and Projections samadams The Elite Circle 3 August 18th, 2012 12:47 AM
ORP (Opening Range Projections) TAJTrades Traders Hideout 13 May 29th, 2011 03:17 AM
Price and time projections Scalpguy The Elite Circle 4 August 21st, 2010 02:13 PM
Fibonacci Retracements George NinjaTrader Programming 8 March 6th, 2010 05:19 PM


All times are GMT -4. The time now is 08:50 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-26 in 0.12 seconds with 20 queries on phoenix via your IP 54.224.30.39