POLL : Fibonacci ,Gann,Elliot Wave...

[9999]

Quote from quantumrock:

I don't understand why fibonacci and elliot should work. The only explanation I've ever heard is "these numbers (waves) are occur regularly in nature", which sounds a bit like astrology and crop circles to me.

Honestly, I don't know either why the Fibonacci ratios work. I have my opinion, but it's just that: an opinion. Nothing more. All I know is that they're pretty much everywhere, and they are a very valuable tool in my toolbox.

 

[fluttrader]

Quote from 9999:

Honestly, I don't know either why the Fibonacci ratios work. I have my opinion, but it's just that: an opinion. Nothing more. All I know is that they're pretty much everywhere, and they are a very valuable tool in my toolbox.

Pretty much everywhere .... do you have a good link ?

 

[9999]

Quote from fluttrader:

Pretty much everywhere .... do you have a good link ?

You don't need any link. Just open up a chart of any liquid market, and start drawing Fib ratios. Start with the highest T/Fs (weekly, daily) and gradually scale down to 3 min. Use several pivots and the most common ratios. That's all.

 

[cabletrader]

wot, no Pesavento?

 

[fluttrader]

Quote from 9999:

You don't need any link. Just open up a chart of any liquid market, and start drawing Fib ratios. Start with the highest T/Fs (weekly, daily) and gradually scale down to 3 min. Use several pivots and the most common ratios. That's all.

Everywhere OUTSIDE the financial markets

 

[9999]

Quote from fluttrader:

Everywhere OUTSIDE the financial markets

I only use them to track the markets.
Sorry for the misunderstanding.

 

[fluttrader]

Quote from 9999:

I only use them to track the markets.
Sorry for the misunderstanding.

NP, they are indeed everywhere outside the financial markets, will do some research myself

 

[Wallace]

if I had charting sw with a 'user inputs' Gann fan I'd use it along with fibos that I
always use on all charts

Advanced GET has a ' Gann Box ' - other programs have them - or there's often a
' Gann Angle ' tool to draw single tls; because of scaling problems Gann lines are
best used on dedicated higher tf charts but 'boxes' can be constructed with them

1 X 4, 1 X 2, 1 X 1, 2 X 1, 4 X 1
1 x 4 = 75° 1 x 3 = 71.25° 1 x 2 = 63.75°
1 x 1 = 45°
2 x 1 = 26.25° 3 x 1 = 18.75° 4 x 1 = 15°

chart: 4 GBs applied to SP 500 Monthly, 2 upper right GBs with 'box' off

 

[dcraig]

http://www.lhup.edu/~dsimanek/pseudo/fibonacc.htm

 

[fluttrader]

Some people use a combination of Fibo's and Elliott wave ?