A Fibo of a Fibo

26 เม.ย. 2021

Of course I hear a lot of you like the Fibonacci retracement lines and so this is a Fibonacci of a Fibonacci from the linear regression line starting at the end of the day Jan 3rd... oh god! The capitol freedom riots! It's all true! I'm a believer!

26 เม.ย. 2021

บันทึก

btw, just a general piece of advice. When charting, you should understand and differentiate your early signals, from your alerts, from your confirmations. The more sensitive a signal it is, the more likely it is to be a false positive and the more your have to watch it before it actually pans out in the price action.

On the other hand, most extrapolation 1:1 indicators are by definition behind the curve, so if you just follow those, you may have missed most of the movement. Risk:Reward profile is all about coming up with a good sound system and separating the fake outs from the trends, aka maximizing gains while minimizing losses.