That seems to be a pretty big leap of faith you are asking of us. I think you would be better off just admitting you are BS'ing us. Come on, just say it. I am still wondering how many pips you made on the trade.

Why 61.8%?

No Ted, that is not the point. You said the first chart posted was the big prediction, and the second proved your method. Now you just re-posted the second chart, and continue to tell the lie. (I am done trading for the day so I can keep this up for ...

Why 61.8%?

No Ted, you indicated in your second post (with your chart) that you had predicted to the pip where the market was going ("post with foresight"), offering as proof the first chart you posted. The two charts are not the same since the first does not ...

Why 61.8%?

Nice story. In fact, they are not the same and you are not telling the truth. Go ahead and make the change, then you can tell everyone that you are telling the truth. You see, if you can't post a truthful chart like some have done here, then why ...

Why 61.8%?

Oops, you forgot to change the chart in your original post. The two are different and clearly show that you are not telling the truth. Please go back and adjust the chart on the original post. By the way, how many pips did you make on that trade? ...

Why 61.8%?

Hi, I am not saying you are wrong, just that they can be a great tool if you know how to use it. I use fibs and trend lines to catch patterns, and am very much a believer in PA vs technical indicators. In 100 trades, I will make a lot of money, but ...

Why 61.8%?

I could not agree with you more. Good post my friend! Edit: square at 125.08. I sure wish these fib things worked for me -- lol.

Why 61.8%?

Hi auxesis, these people have compiled a lot of academic evidence that fibs do not work, so I think it's time to rethink this issue, because this trade I was in this morning on the E/J (long at 124.38, stop now at 124.78) is not based on anything ...

Why 61.8%?

Best wishes!

Why 61.8%?

LOL -- I have been rescued! Thanks auxesis, I owe you one! By the way, it occurred to me that we would be in trouble if your pup started sleeping on the stairs.

Why 61.8%?

You challenged me for some proof, and when I present it you call me blind. Others here repeat the findings of countless studies that prove the charts I present and my trading style are not significant. These are not retrospective charts, but actual ...

Why 61.8%?

Let me help you with this. Here is the scary thing you pointed out on your post on a 2H chart. As you can see, those darn fibs are still not helping a bit and everyone should know that they are BS, right? image Alert to everyone: this is snake oil ...

Why 61.8%?

Why? The market turn just short of the .618 and trend wall. On the 1H chart it was a pretty good trade opportunity. Did you miss it?

Why 61.8%?

Yes, I saw your chart...it's much better than mine. I'll return all the money I made on the run down from the .786 to the -.27. Please, everyone, just ignore my posts here regarding the benefits of learning how to use fibs, they just don't work! ...

Why 61.8%?

I think your thread has been hijacked. Perhaps you should start a new thread on how traders use fibs, especially the .618. Traders can then post some charts on how to use fibs and what to look for in trading. Practical use vs. the current level of ...

Why 61.8%?

LOL -- I know how you feel!

Technical Analysis Fallacy

Happy weekend everyone. I was reading some other threads on FF this weekend and just wanted to stop back here to clean up a bit. Yikes, there are some very disturbed and angry people on FF. Fana, if you have money in your account, here is my advise ...

Technical Analysis Fallacy

Hi auxesis. Glad to see you adding your calm perspective to this thread. I am headed back to the other thread now, leaving this group for greener pastures. This place is too full of "I can't make it work so it can't work for you" people -- sad. ...

Why 61.8%?

I think you made some good points. My suggestion is to find a set of tools that help you trade, that's it. Do any of them work? Well, not in the sense that they dictate to the market what it will or must do. What is important is to find a set of ...

Why 61.8%?

Good set of questions. In reality, most of the answers come from how the bankers manage their trading book, and where/how they place orders. Case in point: when the market makes a big move, the market will usually square up that big move ...

Why 61.8%?