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bagman replied Feb 6, 2016Selective perception. You can flip all the charts you posted up side down and mirror them and you will still be able to match it to your favorite fib magic because you want to see a pattern where there is no pattern. And look at how "loose" your ...
Where is the logic behind applying Fibonacci to trading?
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bagman replied Feb 5, 2016Does not look like it. The yellow line at 9.560 is much farther away than on the previous. This is selective perception at work.
Where is the logic behind applying Fibonacci to trading?
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bagman replied Feb 5, 2016That is complete nonsense. Selective perception.
Where is the logic behind applying Fibonacci to trading?
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bagman replied Feb 5, 2016Still going to try it. I have been skittish all week, could have grabbed 10% more. Going to risk 1% on the NFP so I can feel like I punched a bear in the mouth.
EURUSD
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bagman replied Feb 5, 2016So tempting, I will probably enter 100/100 long shortly before. on 1%. I hope there is no black swans coming to eat my trade.
EURUSD
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bagman replied Feb 5, 2016I would take the money and get out before NFP. That said I strongly believe it will keep rising after NFP.
EURUSD
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bagman replied Feb 5, 2016I think the fibs are pure supersticion for trading. You are using selective perception. Yes, fibos might "fit" on certain patterns in nature. But on how many patterns in physics does it not fit to? The market is too random (not completely random) ...
Where is the logic behind applying Fibonacci to trading?
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bagman replied Feb 4, 2016What does "yard" mean in the forex context? Seen it often on the forum but don't know what it means.
Cable Update (GBPUSD)
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bagman replied Feb 4, 2016My market feels say Will shoot 250p up after going down 150p after 13:00.
Cable Update (GBPUSD)
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bagman replied Feb 4, 2016It is a massive donkey herd trampling north now. I would not short anything.
EURUSD
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bagman replied Feb 4, 2016What timeframe are the position stats sourcing? (The amount of winners and losers)
EURUSD
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bagman replied Feb 4, 2016Because you have not traded until you have ridden the rage-train to irresponsible risk town.
How useful are EA backtest results?