## fibo experts — which fibo ?

This is a discussion on fibo experts — which fibo ? within the Technical Analysis forums, part of the Methods category; 2 methods of using fibo tools to project Price targets are: 1: use L - H and project levels from ...

 Jun 24, 2007, 7:55am #1 Joined Mar 2005 fibo experts — which fibo ? 2 methods of using fibo tools to project Price targets are: 1: use L - H and project levels from the L 2: use L - H and project levels from the start of W 2 since the fibo levels differ between # 1 and # 2 Q: which fibo is correct # 1 or # 2 ? Q: do you use specific fibo levels or, any fibo line for Price targeting ? Q: what determines your fibo methodology ? Attached Thumbnails
Jun 24, 2007, 7:36pm   #2

Joined Oct 2002
Quote:
 Originally Posted by Trdr 2 methods of using fibo tools to project Price targets are: 1: use L - H and project levels from the L 2: use L - H and project levels from the start of W 2 since the fibo levels differ between # 1 and # 2 Q: which fibo is correct # 1 or # 2 ? Q: do you use specific fibo levels or, any fibo line for Price targeting ? Q: what determines your fibo methodology ?

Trdr

Q1 both
Q2 depends different structures follow different ratio relationships
Q3 far to complex to explain

i'll ellaborate a bit

you are using 2 measurements as projections but there is a third.
also a projection can be part of a contraction so at the point of measuring w1 and w2 you had 4 points of static measurement in actual fact there are many more measurements and the clue is this
the move up is directly related the the alternative move down
question 2 is the hardest to answer because i pressume the conventional way is to project waves such as w1,w2 to give you a conclusion to the move. you have to work big to small (timeframe)to determind where its going
when the low was made which was approx where i was looking for a low (was not trading it at the time) i concluded that unless the move up currently is correctional the minimum target was 1.36 and change, once one knows where its going big picture then you can fine tune and work out the potential wave structure as it unfoldes
i could sit here and tell you the intent and pro acculmulation and distribution on different time frames the covering and short covering as it makes some here on this site all warm and fuzzy, in truth what the pros do is all measureable and in most cases blatant
expansion and contractions are a requirement of all markets the trick is when to know when and where is the dominant point one measures from

regards
__________________
andycan

The real mystery of life is not a problem to be solved, it is a reality to be experienced

 Jul 2, 2007, 11:40am #3 Joined Oct 2002 see minimum target hit easy peasy __________________ andycan The real mystery of life is not a problem to be solved, it is a reality to be experienced
 Jul 2, 2007, 12:32pm #4 Joined Sep 2004 I have a fibo calculator Here are the fib values for any set of numbers.. 0.130 0.236 0.270 0.382 0.414 0.500 0.618 0.707 0.786 0.886 1.000 Marvelous isn't it! You hardly have to wait anytime for a retrace especially on minute charts. __________________ The future ain’t what it used to be. Yogi Berra.
Jul 2, 2007, 12:46pm   #5

Joined Oct 2002
Quote:
 Originally Posted by rols I have a fibo calculator Here are the fib values for any set of numbers.. 0.130 0.236 0.270 0.382 0.414 0.500 0.618 0.707 0.786 0.886 1.000 Marvelous isn't it! You hardly have to wait anytime for a retrace especially on minute charts.
very cool now tell us what the next move is
__________________
andycan

The real mystery of life is not a problem to be solved, it is a reality to be experienced

Jul 2, 2007, 1:16pm   #6

Joined Sep 2004
Quote:
 Originally Posted by andycan very cool now tell us what the next move is
By coincidence I'm LONG on the Euro and will be adding to my position at 3605.

Target 3681

Stop 3543
__________________
The future ain’t what it used to be. Yogi Berra.

Jul 2, 2007, 2:23pm   #7

Joined Oct 2002
Quote:
 Originally Posted by rols By coincidence I'm LONG on the Euro and will be adding to my position at 3605. Target 3681 Stop 3543
good for you this is where i would havecovered or part covered from the lows
this was the easy money now personaly i would re evaluate
__________________
andycan

The real mystery of life is not a problem to be solved, it is a reality to be experienced

Jul 2, 2007, 4:34pm   #8

Joined Jan 2006
Quote:
 Originally Posted by rols I have a fibo calculator Here are the fib values for any set of numbers.. 0.130 0.236 0.270 0.382 0.414 0.500 0.618 0.707 0.786 0.886 1.000 Marvelous isn't it! You hardly have to wait anytime for a retrace especially on minute charts.
__________________
"It always pays a man to be right at the right time." - Jesse Livermore | Less Marx, More Mises

Jul 2, 2007, 6:24pm   #9

Joined Sep 2004
Quote:
 Originally Posted by andycan good for you this is where i would havecovered or part covered from the lows this was the easy money now personaly i would re evaluate
STOP now 3617
__________________
The future ain’t what it used to be. Yogi Berra.

 Jul 2, 2007, 6:35pm #10 Joined Oct 2006 .236 .382 .500 .618 .786 retr 1.272 1.618 extns is enough for me! __________________ Audere est Facere "The trend is your friend and divergences are your best friend until the bend at the end" Party on like it's 1930, until Mr C (Wave) gatecrashes the party.
Jul 10, 2007, 1:27pm   #11
Joined Mar 2005
here's my answers to the questions
Attached Files
 fibos.pdf (599.9 KB, 826 views)

 The following members like this post: trendie
 Jul 23, 2007, 6:49am #12 Joined Mar 2005 an update of the 15min chart from p13 of the pdf this chart is the 15min increased to 60min to illustrate primarily the usefulness of SECs obviously the 15min is too small a timeframe to retain original analysis as Time progresses and not all charting programs have the means to increase or decrease timeframes Attached Thumbnails
Apr 5, 2008, 1:44pm   #13
Joined Jan 2005
Nice document

Quote:
 Originally Posted by Trdr here's my answers to the questions
Thanks for your contribution. Your article gave me quite a few ideas on the creative application of fibonacci.

Apr 6, 2008, 9:46am   #14
Joined Jan 2005
Nice document

Quote:
 Originally Posted by Trdr here's my answers to the questions
Thanks for your contribution. Your article gave me quite a few ideas on the creative application of fibonacci.