Thread: Miracle the Kaaba Fibonacci Theory 1.618

Many men and women think the number 1.618 is a fools number or only denying this number everything reacts. Good to see it being used outwith the markets for observation seems to have virtue imo.

Originally Posted by ;

quote respond because of people think.

That's true (IMO)

Read ....

The Fibonacci Series


Fibonacci Foolishness.


Golden Spiral Hype....


And much more /


http://www.lhup.edu/~dsimanek/pseudo/fibonacc.htm

Originally Posted by ;

Many men and women think the number 1.618 is a fools number or only denying this number everything responds. Great to see it being used outwith the markets for monitoring appears to have merit imo.

this really is a bunch of woowoo

Is this another Haroon Yahya crap science movie?

Mass believe?
But why 95% loosing?

Originally Posted by ;

mass-produced think? But why 95% loosing?

May be because the belief isn't right!

Originally Posted by ;

quote Might be since the belief isn't right!

oh, i get it.
It react because of mass believe. But the response wouldn't always follow majority. rite?

Originally Posted by ;

quote Doesn't mater the numbers. Fibo or any well known numbers like pivots react because of people believe. If today I decide to create a number - let's say 29.3569851236584879 - after few months/years and much more folks use it day after day... the market will begin to react at it.

Well, in some ways you're right, in other ways, not so much.

I found that Pevasanto numbers were much more accurate than I presumed.
That's why I wrote a weird divergence indior based on iStochastic (even when the stochastic calculation isn't right and therefore, the values provided by brokers are incorrect ).

Catch this!
// Fibo number: 1 2 3 5 8 13 21 34 55Â 89Â 144Â 233
// Initial Golden Number: 0.236 - 0.30 - 0.486 - 0.618 - 0.786 - 1.272 - 1.618 - 2.058 - 2.618 - 3.33
// Secondly: Standard Fibo 0.236-0.382-0.5-0.618-0.764-0.854-1.0-1.236-1.618-2.0-2.618
// Third: Larry Pesavento's numbers
// 0.25 - 0.382 - 0.5 - 0.618 - 0.707 - 0.786 - 0.841 - 1.0 - 1.128 - 1.272 - 1.414 - 1.618 - 2.0 - 2.618

this indior works nicely occasionally even if its logic is unsound
PS: tu me trouves là ou tu ne croyais pas me trouver! lol
https://www.nigeriaforextrading.com/...1727045356.mq4

The masses feel in fibonacci. They also believe in large round numbers and major trendlines. The banks feel in them too, or that there are lots of retailers placing their orders at the price ripe for exploit. Technical analysis is there to trap you, not help you. Only the other day there was a really clear bear trap on the Euro before it fell like a stone. Banks needed people keen to sell them short positions, and retailers did just that when they stopped out.

Attempt Pivots too. Not just fibo numbers.

Following Is a pivot indior.
https://www.nigeriaforextrading.com/...9647478257.mq4