Adam Grimes Profile picture
Trader, artist, and writer I teach people to make money in financial markets. Chief Investment Officer at Talon Advisors
Mar 17, 2019 5 tweets 1 min read
Interesting way to think about something: so I've published a lot of work over the years debunking Fibonacci and other "magic" market tools. I stand behind the math that shows these are no better than a coin flip, but the interesting question is why do are many people (and... ...probably YOU reading this) so convinced they work? The reason is that these ratio tools are based off current swings which are one way to measure current volatility in a market. If you have a measure of volatility and multiply it by any...