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Are Fibonacci retracements and projections useful?
Updated March 4, 2017
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Are Fibonacci retracements and projections useful?
October 27th, 2015, 07:26 PM
Bridgeport, Ct
Experience: None
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Devil Man
No, they're bullshit...if you know how to read
context .
Can you help answer these questions
Best Threads (Most Thanked)
October 27th, 2015, 07:30 PM
Fort Lauderdale
Legendary / Stochastic Calculus is not your friend
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TheShrike
Are they not bullshit if you don't know how to read
context ?
October 27th, 2015, 07:41 PM
Manta, Ecuador
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hobart
On ES, i see critical
price action at 50% all the time. I use fibs for targets, not trade entries.
October 27th, 2015, 07:44 PM
Bridgeport, Ct
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Devil Man
the point was that if you know how to read
context , you would probably not put much weight on fib's...or ma's...or most any other indicator.
October 27th, 2015, 07:48 PM
Fort Lauderdale
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October 27th, 2015, 07:54 PM
Portland, Oregon
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October 27th, 2015, 07:58 PM
OR/USA
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If someone can find a recurring pattern in fibs and price action with a positive expectancy then they are useful.
October 27th, 2015, 08:20 PM
virginia
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The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement. -Investopia
October 27th, 2015, 08:33 PM
Bridgeport, Ct
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cory
The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement. -Investopia
October 27th, 2015, 08:34 PM
Portland, Oregon
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Massive l
If someone can find a recurring pattern in fibs and
price action with a positive
expectancy than they are useful.
Last Updated on March 4, 2017
