AW: [RT] Fib Levels and Fib Spread sheets

[rombeck@xxxxxxxxxxx]

<FONT face=Arial color=#0000ff 
size=2>Confluence is the key word here.
But 
not alone confluence of fib retracements. 
<FONT face=Arial color=#0000ff 
size=2>Confluenece for me means a point (or area) where at least 3 studies come 
together:
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- 
intern and extern retracements
- 
alternate price extension
- 
price extension
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Then 
wait for market reaction.
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<FONT face=Arial color=#0000ff 
size=2>Roman
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  <FONT face=Tahoma 
  size=2>-----Ursprüngliche Nachricht-----Von: Lee Morris 
  [mailto:LMorris@xxxxxxxxxx]Gesendet: Donnerstag, 11. April 2002 
  15:03An: realtraders@xxxxxxxxxxxxxxxBetreff: RE: [RT] 
  Fib Levels and Fib Spread sheets
  The 
  issue with fibs is that a retracement will likely stop at a fib level but 
  which one. I have found some success at drawing a gann fan or box from the 
  pivot and very often one of the lines will go right though one of the fib 
  levels. More often then not that seems to be the level where we get a turn. I 
  also have had luck at finding the confluence of multiple fibs as good 
  support.
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  I am 
  trying to improve a way to better track these confluence points and am just 
  starting to consider building a simple spread sheet to track the fib levels 
  from multiple swings and compile the confluence points. Has anyone else done 
  this and have a spread sheet that they would be willing to share with the 
  group.
  
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: rjv 
    [mailto:rjv@xxxxxxxxxx]Sent: Thursday, April 11, 2002 1:04 
    AMTo: RealTradersSubject: [RT] 
    ztraderSince the RT list is about trading, which I 
    would assume includesmethodologies, then fib relationships should be a 
    valid discussion. Ifor one use them as a major tool and would be very 
    happy to see howothers may use these relationships in all their forms as 
    applied to bothprice and time. So, even if it's just you and I, ztrader, 
    I think we canconverse on the 
    subject.Ralph.To unsubscribe from this 
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