Lets Talk Fib, Gartley, Butterfly

[Charlie Dow]

Quote from LeroyB3:

You can measure from any support or resistance on any time frame you choose.

The actionable part is up to you to figure out. If anyone has an actionable trade off of Fib, they probably aren't going to let you in on there secret.

Good Luck,

LB

Are you saying that one needs to calculate support & resistance.

 

[LeroyB3]

Yes, someone using Fib #'s needs to know where support/resistance is and then calculate from that point. Most use lowest lows and highest highs of all time as one of the Fib points. Then, there are also many other points where you can measure from...that is other support and resistanc points you can measure from.

Ebay is a good example. I don't have the chart handy right now, but if you measure from support and resistance and major highs and lows, you should get what I am saying.

Best,

LB

 

[ElectricSavant]

Someone once told me that if you draw enough lines on the chart....one of them would work!

 

[easyrider]

http://www.trade2win.com/knowledge/articles/why-successful-traders-use-fibonacci

 

[bladerunner]

t.a. is voodoo science.

 

[electron]

Quote from Charlie Dow:

Here is the mathematical breakdown of phi, more precise than Fibonacci. I'm a bit pressed for time but when you figure out how to accurately apply this to trading, please let my great great-grandchildren know. Thanks!

1.61803398874989484820458683436563811772030917980576286213544862270526046281890
244970720720418939113748475408807538689175212663386222353693179318006076672635
443338908659593958290563832266131992829026788067520876689250171169620703222104
321626954862629631361443814975870122034080588795445474924618569536486444924104
432077134494704956584678850987433944221254487706647809158846074998871240076521
705751797883416625624940758906970400028121042762177111777805315317141011704666
599146697987317613560067087480710131795236894275219484353056783002287856997829
778347845878228911097625003026961561700250464338243776486102838312683303724292
675263116533924731671112115881863851331620384005222165791286675294654906811317
159934323597349498509040947621322298101726107059611645629909816290555208524790
352406020172799747175342777592778625619432082750513121815628551222480939471234
145170223735805772786160086883829523045926478780178899219902707769038953219681
986151437803149974110692608867429622675756052317277752035361393621076738937645
560606059216589466759551900400555908950229530942312482355212212415444006470340
565734797663972394949946584578873039623090375033993856210242369025138680414577
995698122445747178034173126453220416397232134044449487302315417676893752103068
737880344170093954409627955898678723209512426893557309704509595684401755519881

I always wondered how rabbits could learn this kind of stuff. Remember, they apparently multiply following the Fibonacci sequence.

 

[Charlie Dow]

Quote from bladerunner:

t.a. is voodoo science.

Sure it is and so is Physics.

 

[Charlie Dow]

Quote from electron:

I always wondered how rabbits could learn this kind of stuff. Remember, they apparently multiply following the Fibonacci sequence.

Ignorance is really blissful

 

[toc]

"t.a. is voodoo science."

T.A is a good tool for traders, if you know how to handle other variables. One can abuse any thing good and then call it Voodoo, like fox saying that grapes are sour.

 

[kiwi_trader]

Quote from ElectricSavant:

Someone once told me that if you draw enough lines on the chart....one of them would work!

LOL. Are you telling us you havent been able to get them to work for you yet?