As promised i have made the video explaining you my little secret.
backtest it on other assets and you will be surprised what you will find..
if my content brings value to your trading please consider following and sharing me here and on twitter and donating some Tradingview Coins would be of course also very welcome.
looking forward seeing you experiment with this and where it gets you.
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here you see how the 10.618 helped me to nail the last FIL target and helped me decide on the next one
make sure to follow me and check out the new ideas i post to see more proof that 10.618 is working and how to use it.
Very interesting post man, appreciate your work! Keep it up and take my coins!
Candle_Styx
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@monotrix_, thank you very much sir! much appreciated :) all donations go towards keeping my premium plan running here..
robins916
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So so great! Thanks, Styx. Even for the small chat. ;)
breno1
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IMO this is very faulty, with a lot of inconsistencies such as linking candle top to body (and not sticking with this metric throughout the video), plus many others. From a scientific perspective, this is a biased analysis, where you keep adjusting the method and justify it with a previously desired and known result, therefore making it not reliable in real time. But I will say, this is helpful enough to give you a rough roadmap. Hope you can make use of this feedback, and thanks for the insights.
breno1
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@breno1, also would like to hear how you even find it usable. Unless you have the gift of hindsight, you can't call the tops or bottoms to project such fibonacci extensions. It's easy to do it AFTER the fact, when the chart, trends, top/bottoms already happened.
Candle_Styx
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@breno1, i will bring out more charts and show more based on this. i just started. bare with me if you keen to see more stay tuned. of course it is not a crystal ball.. you gotta put in some work.
Interesting. The numbers on the bars are confusing. I'm not sure what I'm looking at.
Candle_Styx
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@hauteville, the numbers are printed by Tom Demark's sequential indicator. I recommend to read the book it will take away the confusion and make more sense. It is one of my most favourite indicators. if you read the related idea with care i mentioned it there as well.