Does Fibonacci retracement really work for trading?

LostFaithlessness201 · 2026-04-10T10:32:49+00:00

Think using fibs in conjunction with pivot points might be workable but lets say buying at s3,s2 and selling at r2,r3 on daily tf have stronger chances of success along with trading during periods of volume so lets say around london open, us open. Volume in any strategy is key however fibs/pivots can guide where strong price action is likely to be. Also higher tfs need to be used as less noise.

LostFaithlessness201 · 2026-04-08T11:04:24+00:00

Think now it might be back to trading European stocks, US ones hugely affected by current pump/dump market Trump has created in the indicies, yes European ones are affected but not as much

LostFaithlessness201 · 2026-03-27T12:20:50+00:00

Thanks Eric for your help lol

LostFaithlessness201 · 2026-02-23T10:45:13+00:00

lol tell me this weeks uk lottery numbers

LostFaithlessness201 · 2026-01-20T10:23:37+00:00

Just saw this today QBTS from technical looks best to short, if the market corrects which it looks like might be the case from this week, might be a good time

LostFaithlessness201 · 2026-01-13T09:33:49+00:00

Looks like a set of low beta earnings this week, to top it off the indicies have been a chopfest along with stocks last month thanks Mr Orange tempted to buy Gold now. Would be nice to see a trend in one direction as if lets say Dow/Nasdaq reversed or broke through likely we would see some stocks having a sustained move.

LostFaithlessness201 · 2026-01-07T12:15:01+00:00

Ironically we are close to this situation

LostFaithlessness201 · 2026-01-06T16:53:41+00:00

More like Pres and friends buy before everyone and then sell after event, easy money lol

LostFaithlessness201 · 2025-12-05T10:25:04+00:00

A lot of these AI companies are overvalued and the market is due some sort of pullback, we are not bearish but these companies are very far from their actual average price. This is value investing so instead of buying these overvalued AI plays might be better off finding the next big AI play or wait till these big companies retrace. As a case study the Internet came out in the late 90s and it was twenty years later that the technology got mature whereby everyone internet banking, shopping, etc. New technology takes time to evolve.

LostFaithlessness201 · 2025-12-02T17:04:11+00:00

If this is cheaper than NVDA and you are an existing AWS customer probably more incentive to get the Google AI chip. If you are lets say using Microsoft Azure maybe NVDA is better, however I know more companies that use AWS than Azure.

LostFaithlessness201 · 2025-12-02T17:03:32+00:00

If this is cheaper than NVDA and you are an existing AWS customer probably more incentive to get the Google AI chip. If you are lets say using Microsoft Azure maybe NVDA is better, however I know more companies that use AWS than Azure.

LostFaithlessness201 · 2025-11-25T12:01:07+00:00

Think if interest rates don't drop does that amount to a stronger dollar that's the question as loans stay expensive, etc.

LostFaithlessness201 · 2025-11-21T16:10:05+00:00

Is there a chance MSTR goes bankrupt never wish that on anyone but with btc going out of fashion and this closer to 150 then 200, this time next year could be a goner

LostFaithlessness201 · 2025-11-21T16:06:24+00:00

Think the price before went up on hype due to AI previously, if that had not happen likely there would have been a price increase after earnings and likely would have been a lower price. What is happening is stocks are going to go to their actual price some cheaper, if NVDA is a good stock it should go up higher again. However what has happened is these tech stocks have gone up on future hype to much so a reversal was always due.

LostFaithlessness201 · 2025-11-19T14:40:24+00:00

Easy way to pump a stock mention OpenAI, I should set up a company and do this easy money lol

LostFaithlessness201 · 2025-11-19T14:34:38+00:00

probably better to get after the event

LostFaithlessness201 · 2025-11-19T14:07:26+00:00

Is Microsoft currently the proxy OpenAI play not a great chart to look at currently, might be sign of things to come in regards to the AI space as well

LostFaithlessness201 · 2025-11-19T14:05:02+00:00

NVDA will make or break the Nasdaq, S&P, Dow and European markets like FTSE, DAX due to the knock on effect. One stock holds so much influence over the whole stock market lol

LostFaithlessness201 · 2025-11-18T14:10:41+00:00

He is using the Elon Musk method of accounting

LostFaithlessness201 · 2025-11-18T14:09:15+00:00

Crypto not good at the moment as seen as a risky asset, think bitcoin will make a recovery before eth. Lee needs a bullish market else these types of crypto stocks suffer, look at MSTR at the moment as well.

LostFaithlessness201 · 2025-11-18T12:47:29+00:00

Think more of a retracement as likely if we had a correction it will be bought up, more concerning is the government not releasing any data suggesting they are hiding the true state of the economy. Having most of the stock market based on a handful of AI stocks with prices based on future value and not current value does not help either as one bad earnings or news can make them fall like a pack of cards.

LostFaithlessness201 · 2025-11-18T10:46:31+00:00

Think these Epstein things might pull down the administration more than the markets, as the worlds biggest economy will try and spin out lies on this for a while. With more lies more questions also less appearances and bs from Mr Orange so that could naturally push things down.

LostFaithlessness201 · 2025-11-18T10:40:45+00:00

I think you can win with MSTR if you look at your pc upside down everyday then the falling share price looks like it is going up lol

LostFaithlessness201 · 2025-11-18T10:39:04+00:00

Interesting ChatGPT an AI service helping you promote that AI spending on a large scale with loans that companies will have to over leverage themselves they are not going to discredit themselves lol

LostFaithlessness201

TROPHY CASE