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In agreement with blowfish, I think that if the fib timing works, it is an art to do. I have done some testing also and the problem is that there are so many inverses in the market.
So selecting the proper points is the key, and they are rarely the peaks/troughs.
Timing always will have this issue.
It's never dependable as a primary entry or exit mechanism, so probably not worth bothing too much with.
My opinion is its better to spend time on money management techniques - that's what really affects your account! |
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There is a certain alchemy involved otherwise everyone would be doing it. I found this recently and would suggest there is a great method amongst the seeming madness of fib.
www.ensignsoftware.com/tips/tradingtips30.htm
If it works for Larry.....