Where do you get 78.2% as the Fibonacci retracement?
Correct me if I'm wrong, but the Fibonacci retracement levels are 61.8% and 38.2%, no?
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the trend is up, market has bottomed.
- Thread starter lundy
- Start date
Where do you get 78.2% as the Fibonacci retracement?
Correct me if I'm wrong, but the Fibonacci retracement levels are 61.8% and 38.2%, no?
Lundy,
Can you give us an insight into your trading system. For you to be calling a bottom while the market continues to fall, I can only assume you must be using an ossilator or some kind of time cycle analysis. I'm just curious as to how you be so sure to go long.
Can you give us examples of your method working in the past. I think if you were a little more open about your methods, you might not cope so much crap from other members.
It does you no favours to just say 'I'm long' with no reasoning given for why.
Runningbear
Can you give us an insight into your trading system. For you to be calling a bottom while the market continues to fall, I can only assume you must be using an ossilator or some kind of time cycle analysis. I'm just curious as to how you be so sure to go long.
Can you give us examples of your method working in the past. I think if you were a little more open about your methods, you might not cope so much crap from other members.
It does you no favours to just say 'I'm long' with no reasoning given for why.
Runningbear
Turns out today is just more drip drip lower...so far.
No capitulation, no positive divergences.
More bad news, just a different kind of bad news.
Same bottom pickers.
No capitulation, no positive divergences.
More bad news, just a different kind of bad news.
Same bottom pickers.
I'll ask it again, where do you get the 78.2% Fibonacci retracement level?
Are you conjuring up Fibonacci levels to suit your needs?
Aren't the correct Fibonacci retracement levels - 61.8 and 38.2%?
Are you conjuring up Fibonacci levels to suit your needs?
Aren't the correct Fibonacci retracement levels - 61.8 and 38.2%?
please don't be impatient, this isn't a chatroom, or a phone conversation, it's a bulletin board for traders who post during their free time.
square 7.86 and you'll have approx 61.8
edit: it was supposed to be 78.6, I put 78.2 on the chart cause I just guessed the square root. Sorry if it's misleading.
square 7.86 and you'll have approx 61.8
edit: it was supposed to be 78.6, I put 78.2 on the chart cause I just guessed the square root. Sorry if it's misleading.
fib. numbers are probably just as accurate as any other popular indicator out there... i don't know what all the fuss is about over them.