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could
you explain how these fib moving average are derived as I am not familiar with
combining Fib and moving averages
<FONT face=Tahoma
size=2>-----Original Message-----From: Steve Karnish
[mailto:kernish@xxxxxxxxxxxx]Sent: Thursday, April 11, 2002 12:15
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Fib
Levels and Fib Spread sheets
LIst,
I've used fib moving averages to "frame" the
market for the past half-dozen years. Although, I prefer strictly
mechanical approaches (past 25 years), the fib moving averages tell a "story"
that, at times, can be very interesting. Since the word "confluence" has
entered the discussion, I thought I might post an observation:
When fib moving averages converge and narrow to a
adnormally small range, large moves are just around the corner. Note the
convergence of the week of Nov. 5th in cocoa and the same for heating oil in
late February.
Fairly subjective, but the multi-colored lines
are sure pretty. Besides that, the "convergence" of these moving
averages have "launched and tanked" many a move since I've been paying
attention.
Take care,
Steve
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=rombeck@xxxxxxxxxxx
href="mailto:rombeck@xxxxxxxxxxx";>rombeck@xxxxxxxxxxx
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 11, 2002 9:29
AM
Subject: AW: [RT] Fib Levels and Fib
Spread sheets
<FONT face=Arial color=#0000ff
size=2>Confluence is the key word here.
<FONT face=Arial color=#0000ff
size=2>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
size=2>
-
intern and extern retracements
-
alternate price extension
-
price extension
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Then wait for market reaction.
<FONT face=Arial color=#0000ff
size=2><SPAN
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
size=2>
<FONT face=Arial color=#0000ff
size=2>
<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>
<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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