Re the year - it took my mate a year before he could properly fly a helicopter. And if you use some common sense you'll realise that THROUGHOUT that year he WAS flying helicopters. Learning while flying if you will.
Same with learning Fib or any other indicators, your LEARN while you TRADE and you trade with REAL MONEY as dummy money is a waste of time. But how much money do you trade with, only small amounts so losses and mistakes which there will be plenty can be kept to a minimum (investment in your education if you will).
So back to the year, why a year? Simple because you've got to know and understand the subtleties of an indicator and that cannot be done in a few months or over a weekend. They'll naively think 'oh, it didn't work and I'm pissed off I lost money' when the correct attitude for someone who's done his homework and been trained properly will say 'oh, that's interesting and potentially dynamite information - major Fib support failed, I should be able to use this information profitably for the next few trading sessions and because of my hard earned understanding of the markets in relation to Fib theory I know EXACTLY how to play this sort of move'.
So you've got to know for example when to trust your indicators and when not to as pattern failures for a good trader should make him a tonne of money. Somebody learning about Fib over a weekend won't have a clue about any sort of pattern failure and how to correctly play it.
I stand by what I say, if you want to get good with any technical indicator you're foolish if you think you can do it in less than a year. Like I said it's all about learning and the interpretation the subtleties.
Having said that, if you think you can learn something complex in a few days and be able to compete for the SAME profits as others who've taken years to perfect their craft then please you're very welcome to use your knowledge against ours (I'll be shorting your 'strong .382 support' at the precise time it's likely to fail).
I'm in the markets all the time and love shooting fish in a barrel.............
So let's get this right.
It takes a year to learn how to use ANY indicator now ? That's a year of your life on something that is statistically unproven?
Now - I can tell you that helicpters can fly. I can tell you the failure rate of people that attempt to learn to fly a helicopter. I can tell you the failure rate of helicopters.
There is a subtle difference between learning to fly a helicopter and learning to use an indicator. Helicopters have been proven to work and indicators have not. In fact, it is VERY easy to show that any indicator has no statistical significance.
OK - let's say you draw a line on a chart & you learn when to know the markets will reverse around that line or not. Why do you still think the line is significant any more ? What you will have learnt in that year is how to spot a reversal ! Something you'd probably have done a lot faster if you weren't looking at that irrelevant horizontal line.
Or perhaps you will tell us that the 2nd indicator you learn will also take a year & the third & the fourth...
As for 'shooting fish in a barrel'..... sigh... is there anyone on here that actually trades ?