JP who? Never 'eard of 'em, probably some clueless outfit selling snakeoil.....

Why 61.8%?

Sounds logical. You're right about (2), indicators are merely a tool to give (me) a directional bias and a reason to buy rather than sell, overall success or failure comes from managing trades once in them.

Why 61.8%?

Not assumptions. Already validated through practical experience and results....as suspected the wheel is indeed round and admirably fit for (my) purpose. Do I need to know why, isn't it enough to be satisfied with the results and leave well alone, ...

Why 61.8%?

.....let's reinvent the wheel while we're at it

Why 61.8%?

lol, you're the one who started swinging it with your 'short since January' comment, I thought well hey I might as well get mine out seeing as the weather's nice! But you're right, my ego is the size of a house. I have a healthy respect for the ...

Why 61.8%?

lol, oh quite obviously it is

Why 61.8%?

What took you so long, I was short since September! ....double

Why 61.8%?

"When you find yourself in a hole the first thing to do is stop digging!"

Trading Sayings: Fact or Fiction

I second that, and once you get the hang of it it's really not that difficult to make money in this market.

Edge of breakouts

Agreed, (c) unprovable and probably beyond our ability to understand, 'meaning of life' and all that philosophical stuff. 'Any chart, any time frame' does seem to have an element of truth though, I was watching a news item on TV the other day and ...

Why 61.8%?

Hallelujah, someone who understands the purpose of the whole exercise!

Why 61.8%?

lol, great stuff, I love it, kinda destroys all the theorists, statisticians, and naysayers arguments! The proof of the pudding......after all, we're in this to make money!

Why 61.8%?

Like you say nothing is 100% accurate, the Holy Grail still eludes us. For me ratios provide a reason to buy/sell/cover around certain levels and a clear framework to trade within. They're more of a guideline to potential areas of reversal rather ...

Why 61.8%?

Ok so now you're just trolling, which detracts from any point you might have been trying to make. I've noticed one thing in this thread, the majority of people who advocate the use of Fibs and who have developed the necessary skills to ...

Why 61.8%?

lol, I gotta give you that one Ted you never answered the question, what tools do you use in your trading?

Why 61.8%?

Unless he sleeps 61.8% between upstairs and downstairs Maybe we could run a book....can we have a chart of his previous sleeping patterns on different time frames, or is he permanently in a range?

Why 61.8%?

Yep, you too. As the saying goes 'you can lead a horse to water....' Short week this coming week, Bank Holiday here in UK.

Why 61.8%?

Ah right, like 'nudge nudge, wink wink'.....got it. You're good with statistics. The impression I get is the majority in this thread don't believe in the value of Fibs, I was looking for a few more to reach the magic 95% number then my job is safe ...

Why 61.8%?

Isn't two winks a blink? If you mean the parsimony one I don't need to, I wrote it, and that's why I use Fibs.....quite successfully I might add! I'm but a simple trader trying to earn a crust the simplest way I know how. Out of interest Ted, ...

Why 61.8%?

Can we have some more naysayers please, we're not quite at the 95% yet.

Why 61.8%?