Fibonacci levels

What are other thoughts on Fibocanni in different situations? Nature, betting etc.

Lets delve on it some more, â€˜cos I started to think of this:
[url=http://www.pinnaclesports.com/online-betting-articles/02-2013/fibonacci-betting.aspx]http://www.pinnaclesports.com/online-betting-articles/02-2013/fibonacci-betting.aspx[/url]
To me, that system is also an example of how rich can get richer. It works well if you can always pay for the next step. Actually you wouldn’t have to follow the Fibocanni numbers with a bottomless wallet, it doesn’t matter because you can always pay to recuperate the previous losses. Might as well double or triple the figure every time.

Btw I’m no mathematician, so please correct me.

I figured that system can be improved upon so it’s more viable to people with limited funds. Using a different sequence in numbers to limit loss is one. Another is to use statistics that are freely available to make the decision on which teams to play on.

e.g. Looking at a site I see that Brentford has gone 8 games without a draw.
Because each game has the element of the unknown, there will always be the possibility of three different outcomes.
However, each time Brentford wins or loses, they are getting closer to the draw.

Wouldn’t time have something to do with the equation? And what would it look like? Am I making any sense?

Kevlar

I’ve got just the thing to answer this question.

My Dicer library is purpose built for just this. https://github.com/tsavo/dicer

Making a new betting strategy, like the Fibonacci strategy, is trivial. You can pair that with the local random source, and test out your betting strategies in a completely fair way. And when you’re ready to take it to the tables, you can hook it up to any API that supports betting, and turn the same code lose on the real thing.

Now, you want the pro-tip? Unless you have a bank roll that can go for extremely long losses, you’ll almost assuredly bust much sooner than you would likely predict. That’s why the local strategy is best for trying out new strategies.

There’s already a Martingale strategy in there, it would be trivial to modify it to a Fibonacci sequence instead.

Best of luck!

chrisj

[url=http://bitcoinwisdom.com/]Bitcoin Wisdom[/url] also has Fibonacci levels, one of the small buttons to the right of the Tools menu, second from right.

mirrax

[quote name=“chrisj” post=“51214” timestamp=“1389360297”]
[url=http://bitcoinwisdom.com/]Bitcoin Wisdom[/url] also has Fibonacci levels, one of the small buttons to the right of the Tools menu, second from right.
[/quote]

Nice, it must be very fresh :)

[quote name=“mirrax” post=“51278” timestamp=“1389384553”]
Nice, it must be very fresh :)
[/quote]

I think it was introduced in the last day or so.

mirrax

Up or down?

[img]http://charts.mql5.com/3/549/btcusd-m15-distel-enterprise.png[/img]

chrisj

Up. Remember with markets it’s all about bringing the future in to the present, the long term with teh shot term.

chrisj

[center][IMG]http://i.imgur.com/ikGG5z5.png[/img][/center]

Here we go for another push.

I don’t think I did it right but everyone else is doing it and I like drawing lines on graphs =^-^=

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mirrax

So ve break the epic suport marked by two blue rectangles, but very fast it falled down and now it is consolidating on lower level.

[img]http://charts.mql5.com/3/551/btcusd-m15-distel-enterprise.png[/img]