NexusFi: Find Your Edge


Home Menu

 





Are Fibonacci retracements and projections useful?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one srgtroy with 60 posts (176 thanks)
    2. looks_two tigertrader with 37 posts (152 thanks)
    3. looks_3 tturner86 with 33 posts (69 thanks)
    4. looks_4 bobwest with 27 posts (65 thanks)
      Best Posters
    1. looks_one tigertrader with 4.1 thanks per post
    2. looks_two Big Mike with 4 thanks per post
    3. looks_3 srgtroy with 2.9 thanks per post
    4. looks_4 tturner86 with 2.1 thanks per post
    1. trending_up 201,345 views
    2. thumb_up 1,022 thanks given
    3. group 47 followers
    1. forum 434 posts
    2. attach_file 80 attachments




 
Search this Thread

Are Fibonacci retracements and projections useful?

  #401 (permalink)
 
srgtroy's Avatar
 srgtroy 
Los Angeles, California Republic
Legendary  R.I.P. 1965-2023 
 
Experience: None
Platform: Sierra Chart
Broker: CQG
Trading: ES
Posts: 1,928 since Jan 2011
Thanks Given: 1,375
Thanks Received: 3,722


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
Thanked by:

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Better Renko Gaps
The Elite Circle
MC PL editor upgrade
MultiCharts
NexusFi Journal Challenge - May 2024
Feedback and Announcements
 
  #402 (permalink)
 
Inletcap's Avatar
 Inletcap 
Murrells Inlet SC
 
Experience: Advanced
Platform: Tradestation
Trading: ES, CL, ETFs
Posts: 9,159 since Dec 2012
Thanks Given: 9,765
Thanks Received: 26,036


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




Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #403 (permalink)
 
srgtroy's Avatar
 srgtroy 
Los Angeles, California Republic
Legendary  R.I.P. 1965-2023 
 
Experience: None
Platform: Sierra Chart
Broker: CQG
Trading: ES
Posts: 1,928 since Jan 2011
Thanks Given: 1,375
Thanks Received: 3,722



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




Hooah!

Reply With Quote
Thanked by:
  #404 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,460 since Jun 2009
Thanks Given: 33,234
Thanks Received: 101,655

Believe.



Sent from my phone

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #405 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


Big Mike View Post
Believe.

Attachment 199823

Sent from my phone

AND WITH THAT THREAD CLOSED @srgtroy...

Visit my NexusFi Trade Journal Reply With Quote
  #406 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681


Big Mike View Post
Believe.



Sent from my phone

This post is being nominated for post of the year 2015

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
  #407 (permalink)
 canyon 
Phoenix,AZ
 
Experience: Advanced
Platform: Sierra, TOS, TradingView
Broker: Denali, IB, TDA, tastyworks
Trading: ES, CL, GC, Stocks, Options, Crypto
Posts: 12 since Jan 2013
Thanks Given: 4
Thanks Received: 10


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)
 jta3 
Copenhagen, Denmark
 
Experience: Advanced
Platform: Fib Fib and Fib.!
Trading: Setup
Posts: 300 since May 2011
Thanks Given: 55
Thanks Received: 162

Fib will continue to live in its secret world.

Reply With Quote
Thanked by:
  #409 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


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
Thanked by:
  #410 (permalink)
 jta3 
Copenhagen, Denmark
 
Experience: Advanced
Platform: Fib Fib and Fib.!
Trading: Setup
Posts: 300 since May 2011
Thanks Given: 55
Thanks Received: 162



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.



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
Click image for larger version

Name:	WhoWantChange.jpg
Views:	165
Size:	43.4 KB
ID:	202489  
Reply With Quote




Last Updated on March 4, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts