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    Fibonacci levels

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    • M
      mirrax last edited by

      [quote name=“Kevlar” post=“35416” timestamp=“1385057478”]
      For more information, study Elliot Wave theory: [url=http://en.wikipedia.org/wiki/Elliott_wave_principle]http://en.wikipedia.org/wiki/Elliott_wave_principle[/url]
      [/quote]

      Hell, this is interseting stuff…

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      • M
        mirrax last edited by

        I think this picture is self-explanatory:

        [attachment deleted by admin]

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          mirrax last edited by

          I tried to apply Fibonacci fan lines on BTC chart manualy.
          Yes, manualy, with pen, ruler and calculator ;)
          And it seems to be working very well !

          [attachment deleted by admin]

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          • K
            Kevlar Spammer last edited by

            Welcome to technical analysis. It’s good stuff.

            So, here’s the exciting part: All rational markets follow these patterns with striking regularity. It’s amazing just how often you can find these patterns being followed to the decimal point.

            And here the scary part: Markets don’t always act rationally. Prior trends are no guarantee of future trends. Previous rational movements are frequently followed by irrational movements due to market manipulation. This is especially true when you introduce bots into the scene, which is what’s happened with the stock market. So while this may work for now, there’s no guarantee that it will continue to work.

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              mirrax last edited by

              [quote name=“Kevlar” post=“36128” timestamp=“1385296013”]
              Welcome to technical analysis. It’s good stuff.

              So, here’s the exciting part: All rational markets follow these patterns with striking regularity. It’s amazing just how often you can find these patterns being followed to the decimal point.

              And here the scary part: Markets don’t always act rationally. Prior trends are no guarantee of future trends. Previous rational movements are frequently followed by irrational movements due to market manipulation. This is especially true when you introduce bots into the scene, which is what’s happened with the stock market. So while this may work for now, there’s no guarantee that it will continue to work.
              [/quote]

              Well I was really lucky last 2 weeks compared with previous half year of struggeling. I literally doubled my $ using very stupid metod: 1st screen bitcoin wisdom, 2nd screen btc-e, watching for panic dips to buy cheap and then sell very fast with any kind of gain. But sometimes I set my buy level to low or sell order to high. I think this stuff can definitely help me a lot. On the other hand I have no idea how often to make fibonacci and on what ratio. Maybe now is time to make new chart using 899 as high and 745 as low?? Who knows…

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              • K
                Kevlar Spammer last edited by

                [quote name=“mirrax” post=“36172” timestamp=“1385310873”]
                …watching for panic dips to buy cheap and then sell very fast with any kind of gain.
                [/quote]

                There’s an old saying: No one ever went broke taking profits.

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                • M
                  mirrax last edited by

                  Screw pen and ruler, MT4 FTW:

                  [url=http://www.mql5.com/en/charts/1264736/btcusd-h4-distel-enterprise?bind=1]http://www.mql5.com/en/charts/1264736/btcusd-h4-distel-enterprise?bind=1[/url]

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                    mirrax last edited by

                    [url=http://www.mql5.com/en/charts/1264838/btcusd-m15-distel-enterprise]http://www.mql5.com/en/charts/1264838/btcusd-m15-distel-enterprise[/url]

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                    • ?
                      A Former User last edited by

                      What are other thoughts on Fibocanni in different situations? Nature, betting etc.

                      Lets delve on it some more, ‘cos I started to think of this:
                      [url=http://www.pinnaclesports.com/online-betting-articles/02-2013/fibonacci-betting.aspx]http://www.pinnaclesports.com/online-betting-articles/02-2013/fibonacci-betting.aspx[/url]
                      To me, that system is also an example of how rich can get richer. It works well if you can always pay for the next step. Actually you wouldn’t have to follow the Fibocanni numbers with a bottomless wallet, it doesn’t matter because you can always pay to recuperate the previous losses. Might as well double or triple the figure every time.

                      Btw I’m no mathematician, so please correct me.

                      I figured that system can be improved upon so it’s more viable to people with limited funds. Using a different sequence in numbers to limit loss is one. Another is to use statistics that are freely available to make the decision on which teams to play on.

                      e.g. Looking at a site I see that Brentford has gone 8 games without a draw.
                      Because each game has the element of the unknown, there will always be the possibility of three different outcomes.
                      However, each time Brentford wins or loses, they are getting closer to the draw.

                      Wouldn’t time have something to do with the equation? And what would it look like? Am I making any sense?

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                      • K
                        Kevlar Spammer last edited by

                        I’ve got just the thing to answer this question.

                        My Dicer library is purpose built for just this. https://github.com/tsavo/dicer

                        Making a new betting strategy, like the Fibonacci strategy, is trivial. You can pair that with the local random source, and test out your betting strategies in a completely fair way. And when you’re ready to take it to the tables, you can hook it up to any API that supports betting, and turn the same code lose on the real thing.

                        Now, you want the pro-tip? Unless you have a bank roll that can go for extremely long losses, you’ll almost assuredly bust much sooner than you would likely predict. That’s why the local strategy is best for trying out new strategies.

                        There’s already a Martingale strategy in there, it would be trivial to modify it to a Fibonacci sequence instead.

                        Best of luck!

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                        • C
                          chrisj Regular Member last edited by

                          [url=http://bitcoinwisdom.com/]Bitcoin Wisdom[/url] also has Fibonacci levels, one of the small buttons to the right of the Tools menu, second from right.

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                          • M
                            mirrax last edited by

                            [quote name=“chrisj” post=“51214” timestamp=“1389360297”]
                            [url=http://bitcoinwisdom.com/]Bitcoin Wisdom[/url] also has Fibonacci levels, one of the small buttons to the right of the Tools menu, second from right.
                            [/quote]

                            Nice, it must be very fresh :)

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                            • ?
                              A Former User last edited by

                              [quote name=“mirrax” post=“51278” timestamp=“1389384553”]
                              Nice, it must be very fresh :)
                              [/quote]

                              I think it was introduced in the last day or so.

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                              • M
                                mirrax last edited by

                                Up or down?

                                [img]http://charts.mql5.com/3/549/btcusd-m15-distel-enterprise.png[/img]

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                                • C
                                  chrisj Regular Member last edited by

                                  Up. Remember with markets it’s all about bringing the future in to the present, the long term with teh shot term.

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                                    chrisj Regular Member last edited by

                                    [center][IMG]http://i.imgur.com/ikGG5z5.png[/img][/center]

                                    Here we go for another push.

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                                    • ?
                                      A Former User last edited by

                                      I don’t think I did it right but everyone else is doing it and I like drawing lines on graphs =^-^=

                                      [attachment deleted by admin]

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                                        mirrax last edited by

                                        So ve break the epic suport marked by two blue rectangles, but very fast it falled down and now it is consolidating on lower level.

                                        [img]http://charts.mql5.com/3/551/btcusd-m15-distel-enterprise.png[/img]

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