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RE: [RT] Fib Levels and Fib Spread sheets



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what 
do you mean by alternate price extension

  <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:
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  - 
  intern and extern retracements
  - 
  alternate price extension
  - 
  price extension
  <FONT face=Arial color=#0000ff 
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  Then 
  wait for market reaction.
  <FONT face=Arial color=#0000ff 
  size=2><SPAN 
  class=830035914-11042002><FONT face=Arial color=#0000ff 
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  <FONT face=Arial color=#0000ff 
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  <FONT face=Arial color=#0000ff 
  size=2>Roman
  <FONT face=Arial color=#0000ff 
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  <FONT face=Arial color=#0000ff 
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  <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 
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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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