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Poor Mr. Fibonacci, (that's the right spelling)
he's certainly turning around in his grave, let him RIP.
He didn't know that his theory one day was to be used in TA by traders,
neither he knew that close enough won't be just good enough.
I guess that if you would spend a little more time to explain the theory
of Mr. Bartjens, maybe only mailing the links were some documentation
could be found, we all may become Mr. Bartjens' fans.
For the little that I've learned the boys that crunch 8th grade math do
have a fair edge on markets, but from what they say they are happy
to be "close enough".
FWIW, in this list many good traders have already explained that:
"No indicator, no oscillator, no FIB's, or what else, works unless
you develop the right feeling about it, but once you have the
feeling anything works"
and to me that mean: Holy Grails & Hens of the Golden Eggs, if they
exists, are well secured in armoured safes, not sold in the shops
for little or big monies.
Beside the above another good remark was mailed here:
"TA it's an ART not an exact science"
and to me that mean: Everybody can buy a fiddle "but" (VB BUT)
only "few" (VB FEW) will be able to master it, a
pennywhistle may
be too much for many.
I'm not so fond of the Fibonacci's theory but some times have found it
"just good enough" because it was "close enough" even
closer
than other tools, but always "after" because I don't have
particular feelings about it.
gg
At 02:26 AM 19/10/2000 +0100, you wrote:
Thanks for your contribution. It
will be most helpfull to the many.
There are many ways that can lead one to the room of
glory.
Even the monkeys are capable to make money throwing darts. No big deal in
that !!!.
The incorrect Fibionancy-myth of "figures being
relational to one another" has indeed here on
the List been unraffled before, including that of the further
man-made-ajointed myth of
"mother nature wonders", that either would be caused by it or
that would be related to the myth.
The Mr. W. Bartjens Law shows a straight out correct
relation between the standard figures-set
that was first introduced in the 10 Century, a set that today is still in
use, and the Cyfferringe
(that is the Law) also shows WHY the figures are TRUELY related.
The modern day Decimal** system, that is directly
based on the standard figures-set, provides
-along with its Fractals- the natural relation and rythem between
figures.
Apart from the Decimal system being the natural related
figures, it also has a -now TRUE fair
dinkom evidentual- influencial effect on humans on this globe that
are all using it. Easely the
humans then refer to "halves", "thirds",
"quarters" and "tenths" of something :
-"Oh it only costs halve the original
price"
-"Profits have rissen one thirds compared to last
year"
-"The quarterly figures
are............"
-"It's only roughly been a ten percent
increase{rise}".
Check the levels derived from splitting "a whole"
100 into the Decimalic Fractals and then compare to
and find that the from the Fibionancy-myth calculated ones then
"only come close to".
That explains too why one can make money from the Natural Human support
and resistances found
at the above mentioned Fractal levels.
That the Fibionancy-myth calculations then only can come
close to is perhaps benificial to you, but
they are not ever based on the mentioned "natural, relational,
logical, scientifical or on any other fact"
that the myth also tries out everyone to believe.
Check out the previous sent Bartjens mail(s)
to find the 1st Group and mail showing why they are related.
Check the previous sent Fractals Retracements mail(s) to find the Natural Human support + resistance
levels equivelant for the financial markets.
Then compare results to the Fibionancy-myth and the myth is straight out unraffled.
Now place the Fractal Retracements on your Charts and see why they work, and why the Fibionancies
can only come close to, eg naturaly, since that they are not "natural, relational, logical, scientifical or
on any other fact"-based or related.
I will let you have the NEXT month to work this all out and expect you to report back to the List with
example Charts holding the BASED ON FACTS Natural Human support & resistance levels.
Then if you like, you may still post comparisson results of your beloved Fibionancy vs the above.
Doubt that anyone is interested in them after seeing both versions, eg after they have seen
"the Humans have prooven their point" Fractal retracements.
Oh, I forgot, seeing your mail's reference to you trading Fibionancy as your major trading tool making
50 or 100 trades/month (that would be only 900 (75*12) trades/yearly !!!!!!!!!) now let me refer to some
of my previously sent stunning trade example mails.
I only trade 50 or 100 trades/year (!!!!!) , most of the time less, to achieve my b€loved goal$, and do
so trading REAL TA-tools.
** Decimal system:
-------------------------
Group 1 are the figures 1 up to 9 and where the 0 is niks, nada.
Group 2 are the follow up to 9 figures 10 to 19
Group 3 are the follow up to 10 figures 20 to 29
etcetera etcetera.
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: Joe Duffy
Aan: metastock@xxxxxxxxxxxxx
Verzonden: woensdag 18 oktober 2000 13:40
Onderwerp: Re: Advanced Get versus MetaStock
A.J. Maas wrote;
now based on the Fibionancy-myth, a myth that here
on the List also has been unraffled before.
=================================
I guess I have read the above from you once to often, so I will comment. You may not be able to make money using Fibonacci. That has no relation to its use in trading.
I use Fibonacci as my major trading tool. I make 50 to 100 trades per month. I am willing to post a monthly statement, from NEXT month if you like. If my Fibonacci based trades make money, you can submit a $1K check to my favorite charity. If they don't, I will submit one to yours.
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