"Everyone wants to be rich, but nobody wants to work for it." -Ryan Howard [The Office]
Last edited by Frostbyte; 01-26-2013 at 01:57 AM.
"Wait a minute. How do you beat someone to death with their own skull? That doesn't seem physically possible." "That's what Jimmy kept screaming: 'This doesn't seem physically possible!'"
I don't understand what a restaurant in San Diego has to do with Blackjack. http://www.yelp.com/biz/fibonaccis-c...stro-san-diego
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"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
You're right! Senor Fibonacci is a dice man. Good observation. They have good ciao, too. smiley-eatdrink061.gif
Last edited by Aslan; 01-24-2013 at 03:07 PM.
Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 - 8/23/10... “Life’s most urgent question is: what are you doing for others?” — Martin Luther King, Jr.
I knew a woman that swore by the Fibonacci progression at craps. She bet the progression to 987 on the passline. She claimed it worked well. I am not sure if she stopped short for certain criterion or simply bet through the the table min (probably $5 back in those days) for a 12 number sequence. It was a long time ago. I guess if you ever won 2 bets in a row you would have a nice profit at that point.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
It's all been fun and games, but any numbers (Fibonacci or not) plugged into any progression system will lose. Fibonacci numbers may be the answer for many things, but in this case, it's like taking Advil for a brain tumor-- it may make you feel good, but it won't solve the problem.
Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 - 8/23/10... “Life’s most urgent question is: what are you doing for others?” — Martin Luther King, Jr.
I have only seen them used successfully (long-term) on one market and it wasn't stocks, commodities, or futures. The reason they're disputed is that people think levels are discretionary. And unfortunately the practitioners use them in discretionary manners. Others believe their usage has to do with what's aesthetically pleasing to buyers or sellers. All wrong. Properly used, retracements may be used as mean reversion techniques. Fifty percent of a price move between two major prices ("swing" points) is exactly the mean of those two prices. And those who favor quantitative analysis agree that mean reversion exists in the markets.
That's just one example, I will withhold further wisdom as this is a voodoo theory thread in the Disadvantage Forum
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