It's not that you want to predict price, but place bets based on odds, in whichever way you choose to decide what determines the odds.

Why it is possible to predict price movement?

>right click positions >click "close position" >???? >PROFIT!

What's the best way to close these winning trades?

>eventually Price has three possible options: up down the same Have you ever seen price move sideways?

Gambler trading (with some MM), who says it can't be done?

I've seen this quite a bit, and always had a problem with the 50/50 number. Then I realized it's because it's a 33/33/33 situation! 33% of price moving up 33% of price moving down 33% of price not moving at all

Gambler trading (with some MM), who says it can't be done?

[quote=Slim Buffett;6634574] I actually laughed pretty damned hard. Thanks for that.

Why do people use Fibonacci in trading?

[quote=Slim Buffett;6634539] You keep pushing "pivots" and when I ask for an equation, you try to use the same question against me. You're the one using a technical indicator, not me. I'm using things such as the panama canal being expanded which ...

Why do people use Fibonacci in trading?

[quote=Slim Buffett;6634456] If you don't need an equation, are you saying that you are putting the lines on your chart manually? Are you saying you have no idea what the equation is? How do you not know the equation to the indicator that you are ...

Why do people use Fibonacci in trading?

[quote=Slim Buffett;6634440] Only when you tell me what the equation is.

Why do people use Fibonacci in trading?

[quote=Slim Buffett;6634408] One doesn't need to look at any cards to watch the players. I was watching the players talk about the fiscal cliff, and I believed that time to be the best time in decades to come to buy up the dollar, without having to ...

Why do people use Fibonacci in trading?

So, I'm going to go ahead and assume you don't know the equation to the pivot points you so gladly push. Hilarious. The reason why the "fib" numbers appear in nature so much is because things naturally maximize efficiency while minimizing ...

Why do people use Fibonacci in trading?

Never said one was better than the other. You should read my posts in this thread if you wish to know what my views are on fibs. I did ask you what equation do you use for your pivots a number of times in this very thread and have yet received and ...

Why do people use Fibonacci in trading?

[quote=Slim Buffett;6634283] Knowing what the Fed is doing doesn't mean I will know exactly what price will do in the forex. I make my bets, not because I am trying to predict, but because I believe the odds are in my favor. I am a poker player. I ...

Why do people use Fibonacci in trading?

Well, the Fed actually does announce what they will be doing. It's their fucking job. They never surprised anyone by buying up securities, they announced they would do so. You sure seem to be pushing the idea of trading pivots pretty heavily in this ...

Why do people use Fibonacci in trading?

So, when prices hits weekly S1, buy? What about stops? Should we place those? What if we buy at S1 and price hits S2? Should we stay in, or get out? What about monthly? What if price is at MR2, but WS1? What about daily? Hourly? Do you know the ...

Why do people use Fibonacci in trading?

>stop arguing with me >allow me the right to voice my opinion

Why do people use Fibonacci in trading?

So, like, what's the point of the study? If a lot of people lose, maybe it could stop some people from losing by them knowing the chances of them losing is very high. I haven't jumped on you all around FF, just posting about you getting after this ...

Why do people use Fibonacci in trading?

"terms of reference"? What does that even mean? I'm not saying that the number is true, but it seems like you're jumping on the dude for no reason for simply saying that one number is negative while the other is positive.

Why do people use Fibonacci in trading?

That saying a small percentage of accounts are profitable is akin to saying a large amount of accounts are losers.

Why do people use Fibonacci in trading?