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

  #401 (permalink)
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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!

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  #402 (permalink)
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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

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Last edited by Inletcap; December 17th, 2015 at 11:01 PM.
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  #403 (permalink)
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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

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Hooah!

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  #404 (permalink)
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Believe.

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  #405 (permalink)
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Believe.

Attachment 199823

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AND WITH THAT THREAD CLOSED @srgtroy...

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  #406 (permalink)
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Believe.

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Sent from my phone

This post is being nominated for post of the year 2015

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  #407 (permalink)
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This post is being nominated for post of the year 2015

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

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  #408 (permalink)
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Fib will continue to live in its secret world.

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  #409 (permalink)
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A perfect sarcastic end to this thread. May fibs now rest in peace.

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

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  #410 (permalink)
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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.


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