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Walt Downs wrote:
>
> nwinski wrote:
> >
> > bobrabcd wrote:
> > >
> > > FYI, have been running Krausz's Fibonacci Trader on the 30 day trial. Here
> > > is one interesting chart using the Zones and Fibo Rato Oscillator after the
> > > first 30 minutes of trading today.
> > >
> > BobR,
> > Nice looking chart. I see the market hitting 5 of those \\\\ zones.
> > I see the market reversing off of 2 and failing or accelerating thru 3
> > of them. So, looks like the score would be 2 wins, 3 loses. Did I see it
> > right? Any comments?
>
> Bob, and Norman,
>
> Interesting to note here, that all 3 failures came when the stated
> Fib levels went against market statistical probabilites. Krauz's
> Fib Trader makes the mistake of not taking these calculations
> into account. :)
>
> If , statistically, you are holding a "pair of deuces", it doesn't
> much matter WHAT the "natural" law of the markets is saying. :)
>
> Would like to add though, that combining Fib analysis in conjunction
> with high probability confirmed some of the prettiest trades to be had
> on the chart.
>
> Walt Downs
> CIS Trading
interesting comments walt
would you like to enlarge on "market statictical probabilities" &
in particular the stats and how you use them
cheers
mike gallagher
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