Turning Fibonacci from a visual crutch into a robust decision framework Fibonacci retracement is seductive: clean lines, iconic ratios, and the satisfying sense that price “respects” geometry. But markets are not Euclidean—they are noisy, adaptive, and reflexive. If you use Fibonacci as a drawing tool, you’ll get drawing-level results. If you use it as a framework—with standardized swing logic, probabilistic validation, confluence rules, and risk-first execution—you can turn those lines into a disciplined edge. This chapter dives very deep into where Fibonacci fails, why it fails, and how to engineer best practices that hold up in real trading and systematic testing. 6.1 Common pitfalls Subjectivity: swing points vary by timeframe and analyst Fibonacci analysis begins with picking a swing high and swing low, but that’s already a minefield. Ambiguous impulses: In real markets, you’ll often see overlapping swings, nested corrections, and failed breakouts. Your “obvious” swing might be a...
Chapter 2: Setting Up Your Environment Before you write your first query, it’s essential to install and configure a relational database on your workstation. A solid environment ensures you spend time learning SQL—not battling installation errors. In this chapter, we’ll: Compare four popular RDBMS options Walk through installation on Windows, macOS, and Linux Demonstrate how to connect via command-line and graphical tools Load a sample database so you can start querying immediately By the end, your machine will be a fully functional SQL playground. 1. Choosing an RDBMS: MySQL, PostgreSQL, SQLite, SQL Server Different relational database systems excel in different scenarios. Here’s a quick comparison to help you pick one: Feature MySQL PostgreSQL SQLite SQL Server Use case Web apps, LAMP stacks Analytics, GIS, advanced SQL Lightweight, embedded apps Enterprise .NET, Windows ecosystems Licensing GPL (Community) / Commercial (Enterprise) Open Source (PostgreSQL License) Public domain...