Honestly, Fibonacci is the only prediction tool that I always keen on mastering as there is some logic and sense behind it. However, this great stuff never becomes my main tool except in the earlier part of my career. Perhaps, the fact that it is rather difficult to code it into standard mechanical systems is the main hindrance for me. After all, we are talking about something which might be subjective, depends on the viewer. Frankly, I have no prejudice and bias towards any reading materials of this subject. But, it has to prove the facts and logic of using it. Unfortunately, this book failed to convince me completely.
In my first glance, I thought this is a thick book (about 300 pages). But, flipping through for the first hour, a reader will realize how thin it can be since most of the pages are covered by charts. Ok, thick or thin is not an issue as long as the contents justify its quality. But, despite tons of examples and charts, I found nothing about the methodology and rules behind each example. So, the title itself is kind of misleading here... where are the materials about "How to Master the Time and Price Advantage"??? LOL
To be honest, mastering Fibonacci is hard enough. Yet, we are bombarded by this kind of materials everywhere. In my humble opinion, it is never a tough task to highlight any sort of accuracy by plotting Fibonacci in a specific chart. (After all, it can be custom made, LOL) But, doing prediction in real life is a different issue... This book obviously failed in assisting and guiding me towards a clear picture. As such, out of 10, I am rating it at 0. Honestly, I cannot see myself giving any single point when all the charts and examples remains as charts and examples without explanation... What a disappointing book!
bro, u think can create a rule based discretionary system based on fibo and maybe some other method like MA for trend, ATR for stop loss or maybe EW for trend?
ReplyDeleteBro.. Fibo stuff, like I mentioned above, a bit tough... but for MA, ATR,can still be done although reliability not 100%... EW? Out of my knowledge completely... LOL
ReplyDeleteAlex
bro, can i ask u a personal question?
ReplyDeletedo u use the SAME system for all markets ?
Bro... I view the SAME pricing for all markets. So, I do not see any need to change it since I am viewing the SAME thing over and over again, LOL...
ReplyDeleteAlex
(y) ...ya, i know .Haha. please enlighten me.
ReplyDeletecoz different markets have different types of volatility and behaviour. for example, index futures are different from grain futures. although all markets ,move up ,down and sideways, different market still got their own kind of behaviour. like, fkli ... most of the time, i lose money shorting this market.
Bro.. for me it is either "trade-able" or not "trade-able"... But, I do not see any needs to trace their behavior. End up, behavior A in the future becomes behavior B, how? Swap technique for both? Not logic, right?
ReplyDeleteIn my humble opinion, price remains as price.... At most, it is either on intraday basis, daily basis, weekly or monthly basis. That's all... nothing else...
Alex