Fibonacci? What the hell is that?
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Mentoring: The Key to Developing as a Trader
4 days ago
Thursday, October 09, 2008
Nailing the Fibonacci extension...
I love when people tell me Technical Analysis doesn't work, or when I read it in an article or hear it from a talking head on television.
Fibonacci? What the hell is that?
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Fibonacci? What the hell is that?
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3 comments:
I totally agree,
Look anywhere you like and you'll find phi or the golden ratio 1.618. Don't listen to those talking heads!
Question: Why on this chart did you draw your fib extension from the high of the prior day to the low of your 15 min OR?
I thought as it was a 'gap up' from the previous close that you would have been drawing from the prior day low to the high of the OR?
Just trying to better undertand your magnificently simplistic and effective approaches. Thank you.
agam3mnon
fibs are beautiful
are you no longer using the 5ma? i did not notice it on any of the recent charts.
welcome back.
does your return mean that Victoria is resuming blogging soon too?
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