Why does it matter WHY it works, if it works? Most trading methods and even profitable indicators work because they are self fulfilling. Buying at suppport, buying breaks, moving averages, stochs, patterns - many people are watching what you are watching and doing the same thing - thus, a self fulfilling prophecy.
Im fully aware of what your stating.What i am saying is there is no hocus pocus to fibonacci,contrary to what alot of people appear to believe. Best regards.
LOL... This is funny! This is important... No, it's not that is more important... This is... That is... This is... That is... ... ... Get some quantative proof, and a lot of people will stop laughing... ... that is... if you want them to stop laughing.
Fib can define the word "retracement" in a math style, that's all I do with it, I use other indicators for signals to enter.
talking about this I get e mails from a lot of course http://tinyurl.com/qqwy heck we should see if we can get elitetrader to let us rate some of these like we do software and books Good luck Hubert
It depends on which calculator you use. Yours seems to be the one the bank uses to calculate the interest they pay you, while mine was the one the bank uses to calculate the interest you owe them.