Do you use the 76.4% or 78.6% Fib retracement?
Posted 01 February 2008 - 11:05 PM
I read an interesting thread ( http://www.forexfact...ead.php?t=58778 ) debating the two. For prices that tend to inflate/compound, I think 78.6% might make more sense. However, I wonder if 76.4% wouldn't make more sense when used in an oscillating indicator, since an oscillator perpetually inverts itself back and forth.
What are your thoughts? Thanks in advance.
Posted 01 February 2008 - 11:29 PM
Posted 02 February 2008 - 12:04 AM
I'm in the 78.6 camp. However, asking which is better is like many other questions in the TA world (e.g., which indicator is better, which EW methodology is better, which .... ). Until someone takes the time to establish the statistics there is no way to know which is better. Choose your poison but other factors are probably more important.
IMHO, Cycle theory makes the most sense and Fibonacci, in cohoots with Hurst, has the ability to be a dynamic duo. AKA Jim Curry.
Edited by The End, 02 February 2008 - 12:05 AM.
Posted 02 February 2008 - 09:54 PM