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[fibo_trader]

For Don only - others can kiss my ass

Gold:

Remember the recent big rally for months in Gold that was in the News every damn day? Nobody knew where Gold would go. So where did she go? Why of course to Fibo's beloved Golden Ratio, 61.8%. I've marked the 61.8% on the charts as a red dashed line. if you have any trouble or any questions, just fire away, I know you said you have no experience so its hard to tell what you know about charting. But I can go as basic as necessary to get you to understand it well.

Gold monthly timeframe: retraced to a near perfect Golden Ratio 61.8%

Price did not even have the balls to touch her, but instead reversed and dive bombed. Such is the power of the Golden Ratio

 

[fibo_trader]

Sorry Don, that was Crude Oil. So let's just finish Crude Oil first and then go to Gold

 

[fibo_trader]

Crude Oil weekly

Price retraced to Golden ration 61.8% and rebounded

 

[fibo_trader]

Crude Oil daily


Price retraced to 61.8% and then after reversing and dive bombing lower, returned to retest a couple times. Both times the dive bomb occurred on retest

 

[fibo_trader]

How often does this sort of stuff happen? Every f***in day, on every f***in timeframe.

 

[fibo_trader]

Gold monthly: block out the trendlines, focus only on the horizontal dashed line. that's the golden Ratio 61.8% retracement. Perfect hit and wick.

 

[fibo_trader]

Silver monthly

Silver is so weak that it can only retrace a teensy weensy portion of the drop. So it did not get to the proper golden ratio. But wait! It did! Nobody on planet Earth knows this, this is priveleged info. It got to the derivative of the golden ratio ...... derived like this .............

Golden R = 61.8%

divide by golden ratio 1.618 = 38.2%

divide again by golden ratio 1.618 = 23.6%

divide again by golden ratio 1.618 = 14.6%

There you have it. there is one level lower that I use in the same way by dividing agaian and it is 9.01%. but not necessary her for silver as she exceeded it to get to 14.6%

 

[fibo_trader]

Don, all the retracement levels above, 23.6%, 38.2%, 61.8% you will see in any software that does Fibos. Its standard, but that's how the numbers are derived.

 

[fibo_trader]

Works on all currencies, on every damn instrument, here's a quick one on the Canadian Dollar

USDCAD Monthly

 

[trendie]

I am one of those dumbphucks that don't get Fibs,
At some point on my trading journey I analysed them, and couldn't derive benefit.

re: (from an above post of yours)
Golden R = 61.8%
divide by golden ratio 1.618 = 38.2%
divide again by golden ratio 1.618 = 23.6%
divide again by golden ratio 1.618 = 14.6%

1; Is 50% a Fib number? Where is that derived from? (rhetorical and cheeky question)

2: How do you know if the retrace is a 50% or a 61.8%?
For example, if price retraces to 49%, then 50%, then 55%, etc.
How do you know if this retrace is a 50%, and you should trade at this level,
OR,
if the price is meandering towards 61.8% via 51%, 53%, 57%, a cheeky little spike back upto 49%, down to 55%, 59%, then to 61.8%?

THATS the bit that stumps me.
Is there some kind of critical point you know that the 50% or 61.8% is the definitive retrace, or if its just passing through to a deeper retrace?

2a: How far away from a Fib level must a price go before you accept the specific retrace has been hit?

Ta, muchly.

 

[fibo_trader]

I am one of those dumbphucks that don't get Fibs,
At some point on my trading journey I analysed them, and couldn't derive benefit.

re: (from an above post of yours)
Golden R = 61.8%
divide by golden ratio 1.618 = 38.2%
divide again by golden ratio 1.618 = 23.6%
divide again by golden ratio 1.618 = 14.6%

1; Is 50% a Fib number? Where is that derived from? (rhetorical and cheeky question)

2: How do you know if the retrace is a 50% or a 61.8%?
For example, if price retraces to 49%, then 50%, then 55%, etc.
How do you know if this retrace is a 50%, and you should trade at this level,
OR,
if the price is meandering towards 61.8% via 51%, 53%, 57%, a cheeky little spike back upto 49%, down to 55%, 59%, then to 61.8%?

THATS the bit that stumps me.
Is there some kind of critical point you know that the 50% or 61.8% is the definitive retrace, or if its just passing through to a deeper retrace?

2a: How far away from a Fib level must a price go before you accept the specific retrace has been hit?

Ta, muchly.

Answers coming up in next post, Trendie

First things first: Help me Don, I've fallen and can't get up - mostly from shock that Trendie is risking his life by talking to me. You see, Don, he started a thread .........................

https://www.trade2win.com/threads/t2w-existential-crisis-what-is-this-forum-for.236856/

and I responded and it went well for a couple days. Then one of the core 30 yahoos named wackypete2,3,1 (I'm including his kin) walked in and made a derogatory comment and boom, Trendie's spine collapsed. He had balls to post a thread like that but he underestimated the size of balls required to go up against the T2W core 30 engine that has brought this place to the realm of total Duffers proficient in Ignorance.

He failed the Fibo test: But then again, almost nobody can pass this test. Thus far in my Life only 3 others have passed it with flying colors

That test be: The definition of Fibo

 

[fibo_trader]

I am one of those dumbphucks that don't get Fibs,

YOU are not alone. You are in the company of the dumbestphucks in TRADING/INVESTING/MARKETS/FINANCE - from your core engine there are 9 who use Fibs to wash their bums ONLY ................. but like I said earlier in a conclusion somewhere but will repeat: T2W is not representative of England or the UK. The UK cannot possibly be this stupid. Impossible for such a great country that has accomplished so much to be this stupid! As in the movie Superman .......

As a result of this discovery I have put UK back on my Fav list and drop-kicked all the dumbphucks here to the warzone in Iraq. f**** 'em

Shocking shocking shocking that even T2W staff member who dug up such fine articles on Fibonacci usage, did not receive a single reply since year 2015. Mind blowing

Shocked to the core.

Burn this f***in place down, Don and start from scratch.

 

[fibo_trader]

I am one of those dumbphucks that don't get Fibs,
At some point on my trading journey I analysed them, and couldn't derive benefit.

re: (from an above post of yours)
Golden R = 61.8%
divide by golden ratio 1.618 = 38.2%
divide again by golden ratio 1.618 = 23.6%
divide again by golden ratio 1.618 = 14.6%

1; Is 50% a Fib number? Where is that derived from? (rhetorical and cheeky question)

2: How do you know if the retrace is a 50% or a 61.8%?
For example, if price retraces to 49%, then 50%, then 55%, etc.
How do you know if this retrace is a 50%, and you should trade at this level,
OR,
if the price is meandering towards 61.8% via 51%, 53%, 57%, a cheeky little spike back upto 49%, down to 55%, 59%, then to 61.8%?

THATS the bit that stumps me.
Is there some kind of critical point you know that the 50% or 61.8% is the definitive retrace, or if its just passing through to a deeper retrace?

2a: How far away from a Fib level must a price go before you accept the specific retrace has been hit?

Ta, muchly.

(1) 50% is not technically a Fib # but has been included due to the uncanny tendency of all markets to retrace HALF of a move.

(2) Your observation is correct! Bouncing around, bobbing up and down around a Fib level does happen - sometimes often Don't let it confuse you. When a wave corrects, the zone it will head to is 38.2% - 61.8%, most often smack to 50%. Can you dig what knowing this in your gut would do for you in Las Vegas? It would the Edge of the Casino out the f***in window and place it in your lap.

There's more. The probabilities of retrace to 61.8% are 80% in a 2nd wave. Just this alone can make a man rich because the next continuation wave is Wave 3, a long extended money-maker wave of sybaritic splendor. Therefore the hunter like Fibo knows to be pay-shunt for reentry into the Trend. He will watch at 38.2%, then 50%, if he sees a trendline breakout or momentum take-off he will go with it and be ready to bail if it shows the slightest sign of likely going to 61.8%.

Its a kin to getting your weaponry on the ready - these levels are the re-take-off runways

There is another level: it is the specialty of Fibo. That level be the 78.6% Fibo level, just below 61.8%. When/if 61.8% fails to generate the reversal, and there is no trend violation of the Primary or Intermediate Trend waves, Fibo sells the ranch at 78.6% and plugs it all in.


Therefore 51%, 49%, 53%, 57% are all a dance to confuse you. Eye on 38.2%, 50%, 61.8% is the backbone zone

 

[fibo_trader]

"Is there some kind of critical point you know that the 50% or 61.8% is the definitive retrace, or if its just passing through to a deeper retrace?"

When you get a power candlestick bar formation and/or higher low higher high on lower timeframe and of course a trendline break = TA 101 is a good companion of FIBO

 

[fibo_trader]

2a: How far away from a Fib level must a price go before you accept the specific retrace has been hit?


When it takes out the higher fib level the odds are in your favor its done.

 

[fibo_trader]

No Joe you're not being readmitted to that thread, it's an off the grid thread, not a trading thread. If you can find a Brexit trading thread then post there, or start one, ok.

Thanks Don. I replied to this post earlier and of course 100% accepted your ruling. Just wanted to now state that I have no further desire to go to that thread or discuss anything with any of your members in that thread or other threads as they always do things the hard, hard, hard way. So all the threads you banned me from, let 'em be, I don't want them no more. In the realm of survival, the odds of getting stabbed in the back escalate to upwards of 1000% when I go into contact with your core 30. So you are abs. right in preventing such snafus.

Thanks But gotta admit (and you know this already) I did wannna f**** 'em all = shooting ducks in a barrel

 

[fibo_trader]

T2W staff member, T2WBot has my vote for Life for his fine taste in TA applications. I came to T2W May 4th and in under 2 months found this cat named T2W Bot. He scores hi in Fibo's book

Will now throw in a bottle of the finest wine to go with his seegar for this fellow, T2W Bot even though I don't know him, never seen him at ET or anywhere else. He might be a staff member. Lucky T2W. Good choice.

His thread surpasses all of ET easily and even blows past Acrari, an oldtimer from ET. I read Acrari's posts, all of them, very good and then mentioned that to ET and instantly got a barrage of sh*t from "destriero" the current bouncer at ET - he would not tolerate any other trader who "knows stuff" .... sort of like a territorial thing .... probably pissed on all the trees to mark his territory. Top-notch traders from ET, about 5 in number from 2001 have all been read by Fibo. Fibo loves 'em all. These fellas are all dead, most likely banned for some stupid so-called transgression like using the f-word. Only sheep remain, a goddamn slaughter house for the zillions of sheep that come in daily looking for answers - they never find 'em and instead die a horrible death with their wives suffering in agony as the milk money is thrown into gambling.

Yeah baby, save the best wine and seegar for T2W Bot. May he live forever.

 

[trendie]

2a: How far away from a Fib level must a price go before you accept the specific retrace has been hit?


When it takes out the higher fib level the odds are in your favor its done.

Thanks, thats a testable statement.
Since you mention waves, Fibs only are relevant once you master Elliott Waves?

 

[fibo_trader]

Thanks, thats a testable statement.
Since you mention waves, Fibs only are relevant once you master Elliott Waves?

NO! The founder of Elliottwave International, Robert Prechter, the one who has done the bulk of the work on elliottwaves, is IMO foolhardy to call these Waves "Elliott" - The Waves are just Waves and they belong to our Universe and are FREE to any member of this and ANY Universe - there is no monthly fee.

Waves of the Universe follow Mathematics 100%. If we get it wrong its because we have not uncovered enough. Fibonacci series is the underpinning of WAVES.

Sit at a hi-wave beach (Hawaii, Africa .......) and count the waves and you will see how nicely the 5-3 fits ALWAYS - no exceptions.

 

[fibo_trader]

Thanks, thats a testable statement.
Since you mention waves, Fibs only are relevant once you master Elliott Waves?

Example of a C-wave in real life showed up in December 2004. But nobody knew the underlying theory. Scientists showed up from all over the world to Banda Aceh where the wave height exceeded 30-35 meters as seen on the trees and other marks. These scientists have loads of stuff they look at but they missed the most important ingredient of a C-Wave, namely the intense receding waters to miles away, thereby creating fresh new beach - this of course sends the residents into glee and happiness that they have discovered a NEW ERA.

All perish in their GLEE - same as in financial markets when the tsunami comes in.

The receding water is a B-wave to setup the dumbphucks for the C-wave same as in FINANCE

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