POLL : Fibonacci ,Gann,Elliot Wave...

[fluttrader]

What method you use or could have value ?

 

[silvermotion]

fibonacci is not a method but a series of tools and indicators. someone who uses them well is Joe Dinapoli, google him its pretty easy

 

[dandxg]

Fib and EW are related kin. In the beginning of a strong uptrend wave 2 often pulls back to 38%. After making the 5th wave the market often bounces off of the 100%, 127.2%, and when real strong 161.8% price projection/ext. I use both just for overall market structure. I don't try and count subwave, etc. If you believe that markets are cyclical then EW/fib makes sense. If you are like R Canfield then don't bother.

P.S. some know this already, that look for a confirmed reversal before attempting use EW and define a new trend. For example, a trader vic 2b, a double bottom or top, a wyckoff spring, a key bar up, etc. Lastly you want to see a pullback on lighter volume to 38% which is going to be wave 2.

 

[fluttrader]

Quote from silvermotion:

fibonacci is not a method but a series of tools and indicators. someone who uses them well is Joe Dinapoli, google him its pretty easy

Are DiNapoli levels related to fibonacci ?

 

[NoProblem]

1) Support / resistance
2) Trend
3) 50 & 200dma
4)Price & volume
5) Chart patterns

 

[bathrobe]

I voted for fibs, but am starting to use Dr. Andrews' Pitchfork which I am interested in more and more every time I apply it to a chart.

Back to fibs, does anyone use time zones, are they helpful?
TIA

 

[maxforce]

Pure price volume action

 

[fluttrader]

Not 1 Gann trader ..yet ..

 

[silvermotion]

Quote from fluttrader:

Are DiNapoli levels related to fibonacci ?

dinapoli levels are fibonacci retracement and clusters

 

[dandxg]

Quote from maxforce:

Pure price volume action

Agreed I focus on price and volume first, then EW and fib second. IMO PV move the market.