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I just gave an example, thats all z . . . that the study might not be
including mult-leg retraces. I think I found out what I was looking for.
As for all your statistics, stick with them, obviously they have been good
to you. I will stick with my non-statistical fib trading. Each to his own .
. . many ways to skin a cat . . . etc.
One thing for sure we have "statistically" proved we can beat a dead horse
:-)
good luck and good trading,
don ewers
----- Original Message -----
From: ztrader <ztrader@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 15, 2002 10:35 AM
Subject: Re[2]: [RT] Fibo predictions--Don E. Questions
> On Monday, April 15, 2002, 7:11:16 AM, Don Ewers wrote:
>
> DE> not the way fibs are frequently used by traders who use them.
>
> This may be true, but could you say how fibs *are* used?
>
> DE> Take a look at the chart I posted (it is attached here again).
>
> A single chart can show anything -- anything at all. I believe it is
> better to show the statistical results of *many* such cases.
>
> If you showed another chart would you have selected the fib in
> **exactly** the same way? On the chart you did show, why not choose a
> different set of pivots to get the fibs - why that particular one?
> What is it about that set that makes it OK to use, and other sets not
> good to use?
>
> And why include non-fib lines (.5, .25, etc)? Are these also points
> with high probability? [Be careful - one can draw too many lines and
> always get matches.] If you had to choose only three lines, which ones
> would they be? Is your choice based on 'probability', or on other
> factors?
>
> ztrader
>
>
>
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>
>
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>
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