Fibonacci thoughts and ideas.... - Page 2
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Thread: Fibonacci thoughts and ideas....

  1. #11
    Okay I began again. I take it I have attracted the chart as you called it.

    Any prior high (on which you established a FiB) is invalidated from the next high. You'd then redraw the Fibs up to the new high, etc..

    When any previous retracement is taken out with a heer retracement (ie the low takes out any prior low) that then becomes a new starting point for new set (Fib 4).

    I think the point I am asking is what is the purpose of Fib (1) when Fib (4)) is valid, unless I mis-understood Scott Dopey

  2. #12
    Quote Originally Posted by ;
    I posted a few fib stuff in a different thread which goes into it a bit more: https://www.forexforum.co.za/trading-systems/1-.html
    I checked out the Bryce Gilmore material as soon as I saw your initial article, but as I could barely draw a correct pair of Fibs nevertheless I believed that things was likely to be outside me.

    Thank you for the input

  3. #13
    some originality

    sort of following the fact
    but
    appears like the fibo fan, fibo retracement plus a fibo timezone shaped a cluster right where price is sittin at right now

  4. #14
    Quote Originally Posted by ;
    I am starting this thread as I am aware that there are several 1KT members who have an in-depth understanding of this way of analysing potential trades.

    I am aware that many think it's mumbo-jumbo, but guess that is more to do with too little appreciation of all the factors that need to be thought about.

    I also feel that this is a place where newbies can be led astray from the hype surrounding this tool, and hope that 1KT members' input will show them how to properly apply Fibs to their charts.

    At this stage I'll leave the door open before sticking my oar in, as I am probably the least qualified to provide advice.

    OK guys/gals, it's over for you.

    P.S. I am looking for generic concepts here, avoiding copyright issues for known trading methodologies.
    Hi Pete, My name is Bill I am a FibFreak. HOWEVER...
    Like the look for the Grail, I think we have yet to find Time 0Zero That [I think] is critcal to ALL Fib Calcs.

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