Pevasanto numbers are *NOT* Fibonacci numbers, even if the Remaining numbers Seems to be the same
Pevasanto numbers are *NOT* Fibonacci numbers, even if the Remaining numbers Seems to be the same
This is pretty accurate.Originally Posted by ;
People put a lot of belief in technical indiors and patterns with no understanding why they function. Just because price hits a fib amount and reverses doesn't signify that it reversed because that amount is magical. It reversed because of orders, an imbalance of demand and supply at that certain fib level. There's a complete story going on behind your charts, find it out and you have a real advantage over the retail masses.
I used to think in that theory which markets where manipulated however I've overseen it after 2 decades of observations that they just move in the same wave motions as radio waves, oceon waves, galaxies to the same ratios and patterns. Novice traders become mixed up thinking fast volatility motion = cease searching (theres there inability to utilize proper risk management skills not cease searching a $100 trader?) Why do they target the little guy anyway he is nothing compared to the 4 trillion dollar market.
I think there is stop searching going on between banks making deals between themselves to benefit the other raising and loweing price those that have money and power to move the markets.
because that is the whole point? Do not allow $100 trader to become wealthy? And btw 4 trillion is a BS. . .they raised the leverage massively in order that they can exchange the same quantity but the actual money ain't there anymore.Originally Posted by ;
GREED... Broker data demones it year after year... Holding on too long.... NOT TAKING PROFIT
Pigs get slaughtered...
Originally Posted by ;
So you're trying to bring faith to FOREX. LOL. I suppose since the participants in FOREX are human, so that component might weigh on a number of them, however SERIOUSLY!
let us check if this kaaba fibonacci concept 1.618 works. .Originally Posted by ;
Doesn't mater the numbers. Fibo or any well known numbers like pivots react because of people think.Originally Posted by ;
If now I decide to create a number - let us say 29.3569851236584879 - after couple of months/years and more folks use it day after day... the market will begin to react at it.