Anyone Use Fibonacci?
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Thread: Anyone Use Fibonacci?

  1. #1
    Hey,

    Wanted to know if anyone uses Fibonacci Fan, Retracements, extensions, etc in their own trading?

    If so anyone want assist me outside egies? I have been working on something but am wanting to adapt some others into it and start testing in live markets. ?

  2. #2
    I'm new in forex, any egies? . . .thanks

  3. #3
    Thanks for the data... been useful.


    Minute... good to see somebody else from Australia on here... however 2am friend... what are you doing searching Google at this time? Can you trade and sleep the mornings?

    Cheers,

  4. #4
    Quote Originally Posted by ;
    I am trying to build my trading agy about Fib retracements and extensions, but not known which retracement to carry. Is there anything out there that may indie which amount will hold?
    This is CurrencyAnalyst's point, I think. You are attempting to build a trading egy based on something you do not totally understand! This can be frought with danger and almost certain doom.

    I'm not here to judge you. I at stage myself. However - you might choose to build a egy based on how many times your dog barks while commercials are on TV. However if you don't understand why he's barking, you won't triumph.

    Cheers,
    Art...

  5. #5
    Artamon,

    I believe that you might have misunderstand my statement here, and I am not carrying it . I have been trading for over five decades from Stocks to the futures markets, and also have used a variety of egies within in one.

    Fibonacci I know, though my dog barking in TV commercials I just occasionally understand... generally its because he like the dog food commersials which are enjoying and he wants me to buy it haha!

    Fibonacci is traces of support and resistence, but encourage and resistence lines have been broken at times, and fibonacci lines have been broken all the time, though there's a very large percentage which demones that one of them will maintain, and will retrace to the previous reduced (on a daily chart this may be up over 400 points occasionally ). What I am testing today, and am looking for any assistance what so ever is to loe some sort of egy to combine with fibonacci that provides me a much more precise indiion on which fibonacci line to use in that trade (whether is being the 38.2%, 50%, 61.8percent or 76.4percent - I don't use the 23.6percent since it is broken too often) and maybe something else to help me understand when to hold beyond the prior reduced to run to the 138.2percent or the 161.8% extensions.

    I have looked at things such as numerous chart patterns which in some circumstances work nicely... but forecast is an integral component here and you need to be quick since the move can move 100 points very quickly, I have tried lows of difference indiors such as MACD, RSI, MA's, EMA's, MA crossovers, etc. and still am not satisfied since they are all lagging too much to your fibonacci trading I found. I have tried fib clusters, however there's a sizable range of pips in question.

    I'm now looking at utilizing fibonancci Fans, fibonancci Arcs and Fibonannci timezones (to indie low or high points) to enter at correct levels and occasions. I believe I have a high understanding of fibonancci, but implementing something a trading egy in an entry point of 4 lines of opportunity (but together quite significant opportunity ) can be very effective with a combinations.

    In the futures markets, something which worked quite nicely on the SP 500 when combined with Fib retracements, I cannot get to work due to not needing the indior specs. (was a preset default option for being within a group).

    But I do agree with you with the Currency Analyst's point, that's precisely what I'm attempting to accomplish, a point when my analysis might tell me, I'll get in at this fib line, but actually knowing which one, as appose to just carrying the 61.8% point that I understand some people do, as you're missing some great trades around the 38.2% and 50 percent and particularly on the 76.4percent (great pip rewards - Max reached in my testing on this one had been 650pips in about a week, but hardly any trades for this one)

    I currently am reading books, articles, going through my old trading books (I have built up a library now) even looking into all my e-book library at some trading egies, even return to the basics of autumn trend line of resistence may have a great impliion on those.

    If someone has done some research on this already I would be greatful for any knowledge they've gained on this already.

    But the aid, references and info I have been given so much has been great and useful in my study.

    Cheers,

    Daveo....AKA. . .High for a Kite.... Not stoned... Kiteboarding is the best game in the world!




    Quote Originally Posted by ;
    This is CurrencyAnalyst's point, I believe. You're trying to construct a trading egy based on something you do not understand! This can be frought with danger and almost certain doom.

    I am not here to judge you. I am still at demo point myself. But, I have learnt one thing - you might choose to construct a egy based on the number of times your dog barks while commercials are on TV. However if you don't know why he is barking, you won't triumph.

    Cheers,
    Art...

  6. #6
    You basically ended the ribbon because you made everybody feel poor.

  7. #7
    Quote Originally Posted by ;
    Daveo....AKA.. .High As A Kite.... Not stoned... Kiteboarding is the best sport on the planet!
    You do so? Wicked!!

    Found one or two in my house area over the past few years, but man, once I was in the U.S.A a few years ago that they were anywhere the West Coast. Only there was a whole squadron at the same point. Looks like fun.

    On Fibs. There's no method of telling which fib is currently going to function as one.

    Whatever you can do is draw all of the relevent fibs (from long term charts, then next step down, then next step down ) and try to find confluence. The milder areas where two or more fibs concur are more likely to be higher points of attention (even confluence with pivots and other major support/res). After that, all you can do is await verifying price action, like hammers, engulfing patterns, dojis (or is that dojae ) or in bar speak pin bars etc..

    Placing orders on fibs is gambling. Before taking action, you have to push the odds in your favour.

    On a study note. Probably more along the lines of what you are asking us for.:...I have noticed that, after a big movement the day before, price will at least find it's way back into the 38.2 line. Especially if it's in confluence using a pivot. That is a large proportion of the time. How often it is tradable, I'm not sure. I've had a handful of successful trades by using a 3rd or even more hit of that corresponding daily high/low (no losers! ....yet). Will be operating on the thought over time.


    Cheers,
    Bundy

  8. #8
    Bundy,

    Haha... yeah I ride as much as I can... some people today attempt spiritual exercises to calm them... but I find nuthin more spiritually calming then beening unhooked, with my kite looping, being upside down... speeding sideways... and maybe over a sandbar...... ha! Not a worry in the world in the stage, all you do is concertrate on that landing!

    However Bundy, What I am attempting to do is find some type of egy that may indie a buy or a sell, and if this occurs on a Fib line then I'd take it (after testing it that is), for example, say you have a MA Crossover, and it occurs in 61.8% Fib, then you would take it.

    I am testing, and I am discovering some relations to some matters, but its a matter of finding a person which is going to get the job done.

    As you said, Fib lines are a gamble, but still if you have a high percent that it will be a positive trade in the event that you just took the 61.8% transactions, though they do not always happen. What I am looking for is taking a transaction, which incorporates the fib lines, and whether the sign happens on a fib line take itas I see that as a high level of service or resistence.

    All trading could be seen as a gamble, as in there are probablilities based on historical data, and you place a trade understanding either two outcomes, you make a profit or a loss... but I see it as betting.

    Thank you for the info though, I may be abel to use this observation.

  9. #9
    1 Attachment(s)
    Quote Originally Posted by ;
    First allows explain that Fibonacci has nothing to do with Astrology nor Elliott Waves. It's simply the scientific Phenomena of number correlation to 1.618/.618 It's natures contiousness to design by pattern. It works in both dimensionall market because the charts are only rythmic design patterns of harmonic motion.
    Blimey!

    No remark.

    I must say, however, that nobody uses them like we do apart from several members lurking quietly around this forum, and a few other people....

    Here is what the Absolute Fibonacci is revealing concerning the GBP Right Now. Learn to translate this lot, and you get a potent instrument.

  10. #10
    I had before posted an email address for requesting Fibonacci details. I was bombarded with requests I had to offer you. . Please not all these are scaled down for simplicity. The larger material I've in pdf form is rather big in size, I was not able to email files larger than 2 mb. . Anyhow here are a few documents for the taking.
    https://www.forexforum.co.za/attachm...1820095781.doc
    https://www.forexforum.co.za/attachm...1382534860.pdf
    https://www.forexforum.co.za/attachm...4313977605.pdf

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