Trading tools
I’ve looked deeply into ratios, levels, and their application to market data. I won’t rehash all of that work here, but, after literally years of research, the bottom line is that I cannot find a shred of evidence that any of the common ratios or levels (Fibonacci, pivots,
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Matt asked a question that I sat on for quite a while. I wasn't sure how to write a reasonably concise answer to a good question, but I'll try today. First, the question: I see you don't believe in Fibonacci ratios, but it seems
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[dc]T[/dc]oday I want to continue from last week's post on Fibonacci ratios, and wrap up with a few thoughts and conclusions. That post was very heavy on data and charts, but the conclusion is pretty simple: at least in this sample of market data, using
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Warning: this blog post is not appropriate for all readers. You may find it challenging or disturbing, especially if you are not open to questioning some long-held beliefs. Reader discretion is advised. Now that we have the (obviously joking) disclaimer out of the way, I want to continue looking at
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Thinking about how to build a test for Fibonacci ratios in market data.
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A look at the numbers in the Fibonacci sequence, and why they might not matter as much as you've been told...