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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (26097)	6/11/2025 5:26:46 PM
From: Real Man	Read Replies (1) \| Respond to of 26251

EW is art. For a while I have been looking at various Fibonacci levels trading strategies including harmonic trading. The issue with Fibonacci is that your signals are triggered in such a way that it’s difficult to make money, the market will take you out right before reversing. It’s possible that the market is more trending over the typical time period of a swing trade than for a day trader, it would make it easier to make money. I like harmonic trading because there is little ambiguity. Thus my emphasis on clean entry and exit. By the time your position declines to 0.62 of the move in whatever direction your profit is fully gone because of losing trades and whipsaws. Funny that, that’s why fib actually works, it gives the rookie zero profit, or worse. -ggg- I will probably go with harmonic trading over ewaves.