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99% of the fibs i draw are on daily and weekly that are drawn from a major swing high or low. Like most technical analysis, fibs works best on longer time frames. I look at 4 time frames (weekly, daily, 1hr, and 15min) I'll draw a fib on one timeframe, and if I want to take the trade...

Good find on vlo..bout time it did something. Buy dips as always...check out LMT also for a nice break.

Good job neke. Seriously, it wasnt a plus week, but 2k is a lot less than the 10k losses you've been taking.. what's this new strategy you mention?..can you tell us more? has it been backtested? kon

Yes PaperTraderZones, some newbs like to learn from examples. What was the last post that you wrote that helped anyone in their trading?.. You do a whole lot of finger pointing, flaming, and trying to find flaws in others. kon

lol I'm not a newb, but thanks for the empathy.

is he trading pairs?... I dont see how he's doing this..he doesn't read l2 or tape, he trades huge size using no indicators that I know of (except 200sma on daily), and he places his orders manually. He trades highly liquid stocks, but does anyone have a clue to his method as he doesn't want to...

Got some glw today near the highs of 18, but I was able to place a stop at 17 near support. Only took 1%, looking for a 2nd retrace before buying more. http://stockcharts.com/h-sc/ui?s=GLW&p=D&b=5&g=0&id=p09705248143

now that we took out the newb and hit their stop losses, we had a nice push today. Lets wait for the retrace for the next leg up.

wynn

Fib time ratios, I like these and might add them to my arsenal..they dont show s/t, but rather try and estimate where the next big move in price will accure. Here is x on a daily and I used time ratios to measure the last retracement down.. the ratios were able to show me where price was...

Here is a fib arc measuring the most recent price action for rimm off a daily. We can see that already price had hit support twice along the arc..same as flat fib lines, except curved.

What I like about fibs is that there are so many flavors of the tool. While most people just use the standard retracement, I might start looking into other kinds of fibonacci like fib spirals fib arcs fib time ratios fib fans Here is a fib spiral on cstr. I drew the spiral from the...

There is no way of knowing these things in advance, but knowing what price is most likely to do, can lead to hits of where it might go.

with what kind of capital? dont mean to sound nosy, but its more about % gains than dollar value...but still thats pretty damn nice. pairtrade finder tells you how much to buy, and when to sell...so whats the hard part, picking the right pairs I guess, but just take the ones that have the...

what charts do you use? From watching price action, it seems that tick bars do a better job of showing true price action, because it only will move, as price moves, where as time bars print regardless. However the problem is, unless youre trading a high volume stock of say 2mill daily...

what software is that?

big

regn weekly

still short mmm and rsh...not much going on.

Lol, your funny. Tell me more jokes.