|
PureBytes Links
Trading Reference Links
|
Walt Downs wrote:
>
> RJ Ratchford wrote:
> > I'm not trying to dig this all up again, but I'm still finding it hard
> > to see where you are really breaking new ground here.
> >
> > Thanks.
> >
> > cheers!
> > :)
> > rick
>
> Rick,
>
>
> So you can look at 16 "dead" points, or 2 "living" points.
> Which seems easier to you? (See further explanation below as to what
> I consider "dead" and "living" in the market.) :) .
>
> FibberGann gives you "dead" fixed ratio points.
>
>
> Walt Downs
> CIS Trading
Absolutely not. Fibbiganni (name changed for use on my new upcoming
manual. COPYRIGHT!!!) is the use of dead points. And, it isn't 16 dead
points either. Where do you get that info from?
In reality, it is usually ONE VERY DYNAMIC PRICE. Each day, this price
changes with time. As for being only one price, it is the price that it
is heading towards.
Example: If the market is heading up toward our Fibbiganni time day in a
downtrending market (such as a rally), we are only interested in the
dynamic resistance price just above it. We don't care about any other
prices unless that ONE dynamic price is surpassed before we reach our
time day. Then, we only are concerned about the next ONE price.
Static prices can be used as well, such as by using previous ranges, but
this is not the crux of dynamic Fibbiganni trading. They are extremely
valuable as any Gann trader would tell you, such as the 50% level, etc.
But to classify the complete Fibbiganni trading method to be the use of
static prices is showing limited knowledge on the subject.
Just because we can SEE the available current res/sup prices ahead of
time does not mean we have to concentrate on them. As explained above,
it is just the dynamic price before us due on the time day. TREX is no
different by your description. You pass one price, it tells you another.
Does it also have a voice that says "oops" when it passes that first and
maybe second price before finally hitting it? In my mind, I can't see
the difference here.
Dynamic resistance and support prices are NOT dead. They are NOT fixed.
They change with time. That is what my TTC Formation calculator does.
cheers * 1.618 dynamically!
:)
rick
--
FutureSoft Publishing - The Trading Calculators (TTC)
Market Forecast Of The Week - >>>>> http://FSoftPublishing.com <<<<<
|