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how do
you track these, I have tried to have them on the chart but the chart quickly
becomes cluttered. Also do you give more weight to some fibs or do they all
count the same and the mere confluence is the most important
<FONT face=Tahoma
size=2>-----Original Message-----From: rombeck@xxxxxxxxxxx
[mailto:rombeck@xxxxxxxxxxx]Sent: Thursday, April 11, 2002 11:30
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: AW: [RT] Fib
Levels and Fib Spread sheets
<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:
<FONT face=Arial color=#0000ff
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-
intern and extern retracements
-
alternate price extension
-
price extension
<FONT face=Arial color=#0000ff
size=2>
Then
wait for market reaction.
<FONT face=Arial color=#0000ff
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class=830035914-11042002><FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Roman
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
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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
<FONT face=Arial color=#0000ff
size=2>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.
<FONT face=Arial color=#0000ff
size=2>
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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