Trading View dictates I must post a chart to start a discussion. The above chart is Bitcoin. It’s going to $15,000. You want details...Follow me. Now, let’s talk about other things.
Who is Leonardo Bonacci?
Commonly referred to as Fibonacci, also Leonardo the Traveler from Pisa. The man was an Italian mathematician and considered to be "the most talented Western mathematician of the Middle Ages". The “Middle Ages” when the abacus was the iPhone 15, he invented a numerical sequence that would change the perspective of the world.
He was commonly called, Fibonacci, by the 18th century Franco-Italian historian Guillaume Libri and is short for filius Bonacci (son of Bonacci). He also introduced Europe to the sequence of Fibonacci numbers, and I often wonder how does a person come up with such an invention. The Fibonacci sequence is displayed best throughout nature. Did you know your arms are exactly .618 of your total height? Thanks Leo.
That’s one of many areas his numerical sequence can be applied to anatomy, also physics, astronomy.... etc.
So, it comes as no surprise that his numerical sequence applies to crowd behavior....aka Trading Markets.
I see so many posts on Tradingview.com that deal with Macro Economic events and education. They’re detailed and thought provoking.
Posts like: “How is China’s economy affecting the US inflation Rate”?, “Is the dollar’s reserve currency status in jeopardy”?
Great Articles...all of them. 100% worthless in trading.
There is not 1 person on TV who wants to be educated on Macro Economic events...not 1. We invented something called college a while back...some would be traders should look into that. I would venture a guess that 100% of the subscribers on TV and my followers included want to find ways to make money, grow wealth and make the markets work for them. Not one of my 700 followers have ever commented or DM'd me to ask about the Money Multiplier Effect...or the downside of abandoning the gold standard. They ask questions like...is now the time to go long....is now the time to go short.
So, here’s the truest thing any author here on TV will ask you? Can you point to 1 macroeconomic event that made you money in the market?
I mean when it comes to the great recession based on a financial liquidity issue caused by (MBS) Mortgage backed Securities and (CDO’s) Collateralized Debt Obligations only 1 guy on Planet Earth made money from that. Not only did they make a movie about him starring Brad Pitt, it never addressed the travesty of how the other 7 BILLION people on planet earth never saw this coming. Well, I exaggerate. I know several of my Elliottition mentors who foresaw these events months in advance. There’s not one news article on them. No movies. No fanfare. The Macro WILL NEVER have a place in any successful trader's tool box. But 1 edge each of my mentors had....was Fibonacci.
To master Fibonacci is to peek behind the curtain of the universe.
To this day, I’ll forecast a security going to a certain price and to watch price go there and reverse, and it still amazes me. (I've been doing this for a long time) It never gets old. I’ve seen it happen a thousand times and each time is still so powerful, so enlightening. So much so that I’m convinced Fibonacci could not have been from this world. He had to be an alien who visited us and dropped some value while he was here. Still today, his numerical sequence doesn’t get the attention it deserves and all in an age with no computers, no calculators.... none of that. Just a guy's mind and some stones.
So, the next time you think the jobs report is going to be great and you position yourself accordingly and the report is great. It’s stellar....but the market goes down. Realize that MACRO events are the death of trading for a profit.
Study Fibonacci instead.
Best to all,
Chris
PS: I’ll be on vacation from 9/1-9/15 and will not be posting during that timeframe. I may be able to respond to DM’s.
Who is Leonardo Bonacci?
Commonly referred to as Fibonacci, also Leonardo the Traveler from Pisa. The man was an Italian mathematician and considered to be "the most talented Western mathematician of the Middle Ages". The “Middle Ages” when the abacus was the iPhone 15, he invented a numerical sequence that would change the perspective of the world.
He was commonly called, Fibonacci, by the 18th century Franco-Italian historian Guillaume Libri and is short for filius Bonacci (son of Bonacci). He also introduced Europe to the sequence of Fibonacci numbers, and I often wonder how does a person come up with such an invention. The Fibonacci sequence is displayed best throughout nature. Did you know your arms are exactly .618 of your total height? Thanks Leo.
That’s one of many areas his numerical sequence can be applied to anatomy, also physics, astronomy.... etc.
So, it comes as no surprise that his numerical sequence applies to crowd behavior....aka Trading Markets.
I see so many posts on Tradingview.com that deal with Macro Economic events and education. They’re detailed and thought provoking.
Posts like: “How is China’s economy affecting the US inflation Rate”?, “Is the dollar’s reserve currency status in jeopardy”?
Great Articles...all of them. 100% worthless in trading.
There is not 1 person on TV who wants to be educated on Macro Economic events...not 1. We invented something called college a while back...some would be traders should look into that. I would venture a guess that 100% of the subscribers on TV and my followers included want to find ways to make money, grow wealth and make the markets work for them. Not one of my 700 followers have ever commented or DM'd me to ask about the Money Multiplier Effect...or the downside of abandoning the gold standard. They ask questions like...is now the time to go long....is now the time to go short.
So, here’s the truest thing any author here on TV will ask you? Can you point to 1 macroeconomic event that made you money in the market?
I mean when it comes to the great recession based on a financial liquidity issue caused by (MBS) Mortgage backed Securities and (CDO’s) Collateralized Debt Obligations only 1 guy on Planet Earth made money from that. Not only did they make a movie about him starring Brad Pitt, it never addressed the travesty of how the other 7 BILLION people on planet earth never saw this coming. Well, I exaggerate. I know several of my Elliottition mentors who foresaw these events months in advance. There’s not one news article on them. No movies. No fanfare. The Macro WILL NEVER have a place in any successful trader's tool box. But 1 edge each of my mentors had....was Fibonacci.
To master Fibonacci is to peek behind the curtain of the universe.
To this day, I’ll forecast a security going to a certain price and to watch price go there and reverse, and it still amazes me. (I've been doing this for a long time) It never gets old. I’ve seen it happen a thousand times and each time is still so powerful, so enlightening. So much so that I’m convinced Fibonacci could not have been from this world. He had to be an alien who visited us and dropped some value while he was here. Still today, his numerical sequence doesn’t get the attention it deserves and all in an age with no computers, no calculators.... none of that. Just a guy's mind and some stones.
So, the next time you think the jobs report is going to be great and you position yourself accordingly and the report is great. It’s stellar....but the market goes down. Realize that MACRO events are the death of trading for a profit.
Study Fibonacci instead.
Best to all,
Chris
PS: I’ll be on vacation from 9/1-9/15 and will not be posting during that timeframe. I may be able to respond to DM’s.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.