Your win rate is very high. Impressive.

EURUSD

I think it will bounce now to at least 1.1060.

EURUSD

See this happens when people watch the matrix while smoking pot.

Thinking Outside the Box!?!

You sound like one of those commercials that are selling "truths they don't want you to know". I am just wondering if you are actually confused or genuinely trying to confuse new players. Not using stop losses and not going for high reward:risk is ...

Thinking Outside the Box!?!

Flying cars will be impossible, faster than light travel and traveling to other stars, hoverboards that actually use anti-gravity. I dont think you know how science works. It is about creating theories then testing them. Checking if something is ...

Twelve widely believed forex myths

I think this theory was created by angry math professors who thought since they understand math and probability on a deeper level could easly get rich. Did not work, so they created a hate speech on market speculation. Similar to forum posts where ...

Twelve widely believed forex myths

1. Broker allows 500 leverage. Means you can lose or make money 10x faster than on a 50 leverage broker. 2. 80% drawdown

turned 1K to 4.5K in a week with 4% drawdown

If someone claims fibs work because they show interesting things on 61.8 but then the charts are all over the place 20 points above and below that then he did not prove fibs work. fibs only get so much credibility because of the supposed magic ...

Where is the logic behind applying Fibonacci to trading?

Did you get smacked over the head with a 1930's manual on household appliances?

why are almost all of traders in the world men?

For fibs to be accurate one would have to run a test on many thousand charts and see if retracements or special zones are forming exactly on those points and ratios. 50 does not count because that is just the gemoetrical center of something. no ...

Where is the logic behind applying Fibonacci to trading?

I am very sure about it. Everything every single trader wants is to get more money out than he throws at the market. And for that we use indicators and charts and drawings and the sole purpose of all that is to predict where the price goes next. If ...

Where is the logic behind applying Fibonacci to trading?

image I marked all the areas of interest that are either nowhere near the fib or miss it

Where is the logic behind applying Fibonacci to trading?

Your perception is fooling you. Would you still see interesting things exactly at 61.8 when you did not know about fibo retracement? image Take a look at the fibo screenshot again I posted 2 pages before. Take a close look at the distance between ...

Where is the logic behind applying Fibonacci to trading?

The only use of any indicator is to have predictive value. All indicators are used to predict stuff.

Where is the logic behind applying Fibonacci to trading?

I strongly condemn listing astrology as "outside of the box". It does not get more inside of the box than that. Astrology is barbaric stupidity and belongs to the medieval age

Thinking Outside the Box!?!

the market does not tend to do anything at fib levels. Something interesting happening in a thick band around the center of a wave does not prove fibs work. You can pick out probably 20 meaningful values in any chart from 0-100. Then selectively ...

Where is the logic behind applying Fibonacci to trading?

Now I get what you mean. I think fibs are statistically wrong, because for them to be right they should call them fib bands and they have to be so wide that they cover 40-70 in this chart to have any predictive function. But 40 and 70 and just ...

Where is the logic behind applying Fibonacci to trading?

It is superstition. Because even if someone claims he is accurately using fibs he is empirically wrong. In the retracements what actually happens is someone assuming something interesting might be happening between 1-100, or between 30 and 70. Then ...

Where is the logic behind applying Fibonacci to trading?

I just want to see a trade explorer. Because if someone brags like this he better back up the bragging with an explorer. Instead he avoids hard questions, gets angry, hides the explorer. If he really was all that he would just keep the TE open for ...

turned 1K to 4.5K in a week with 4% drawdown

That guy openly says "You are all jealous because you suck" to people doubting him. No bank representative will behave like this. What is worrying is how people are being friendly to him just because they see an opening to make some $. His tactic ...

turned 1K to 4.5K in a week with 4% drawdown