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The only way to trade with fibonacci
- Thread starter 1a2b3cppp
- Start date
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 retracement, top to bottom, and we get 5 spiral zones..sometimes theyre off the screen depending on size of retracement. But we can see after the fact, that the spiral held true to price showing 4 levels of support. Interesting.
I dont trade with these, but I do find them rather cool.
fib spirals
fib arcs
fib time ratios
fib fans
Here is a fib spiral on cstr. I drew the spiral from the retracement, top to bottom, and we get 5 spiral zones..sometimes theyre off the screen depending on size of retracement. But we can see after the fact, that the spiral held true to price showing 4 levels of support. Interesting.
I dont trade with these, but I do find them rather cool.
Attachments
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 starting to rise up very nicely, but also it showed me the top, just days before the market crashed (which i think was news related)
I'll also post a chart thats in play. Here is wynn on a 30min over 4 days. The time ratio is right on price telling me something should be happening soon...lets see how todays price action pans out.
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 starting to rise up very nicely, but also it showed me the top, just days before the market crashed (which i think was news related)
I'll also post a chart thats in play. Here is wynn on a 30min over 4 days. The time ratio is right on price telling me something should be happening soon...lets see how todays price action pans out.
Attachments
Any method that utilizes the X axis on a chart is very useful.
Quote from konviction:
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
.
fib delusion
fib fantasy
fib fibs
fib trance
fib tealeaves
fib chickenentrails
Quote from athlonmank8:
I'm not arguing. This thread actually turned out really good. Aside from TZ's typical screwball posts of course. That guy just likes playing devil's advocate.
If "devil's advocate" means discrediting methods that have been debunked, then I am almost willing to consider that as a user ID...
The definition of serious trading, includes TESTING, BACKTESTING, WALK-FORWARD TESTING, VALIDATION. Perhaps you have heard of these things.. There is none of that in this thread.
elit and konviction are completely off the wall, falling in love with examples and other pretty terminology.
There are newbies here taking these delusions seriously. I would be very happy if they would dismiss unsubstantiated manure and focus on learning how to trade.