|
PureBytes Links
Trading Reference Links
|
In a message dated 7/16/02 10:15:09 PM Eastern Daylight Time:
> > I understand that many people use FIB relationships in
> > discretionary trading as a guide to where price reversals might
> > occur but I have yet to see anyone publish a trading system
> > based on the FIB ratios that was successful. And, in view
> > of the statistical data which has been accumulated it is highly
> > unlikely that it will.
> >
> > My whole purpose of this insistence of looking at the statistics
> > of Fib ratios is to try to prevent some of our newer and less
> > experienced colleagues from jumping off onto a train that is
> > headed for hell.
> >
> > Clyde
I am in your camp Clyde. Documented, real-time profits are the ONLY TRUE MEASURE of a successful trading system using PRECISE NON-SUBJECTIVE RULES. I have yet to see one using fibs either, I am not saying it doesn't exist, but I'd sure like to just to put this "Fib" subject to rest.
I see way too many "concepts" in trading which don't work, never have worked, and never will work, and the traders who use them seem to operate under the old adage of...
"Don't confuse me with the facts, my mind's already made up"
I personally don't care who my trading profits come from, it's all green to me.
-David Carrington
P. S. If anybody responds in defense of Fibs as a truly valid trading system please also include the following as PROOF:
Documented, real-time profits using PRECISE NON-SUBJECTIVE RULES which can be authenticated.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|