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Lee,
These are simple (dark lines) and expo (light
lines) moving averages that are pegged to 13, 21, 34, 55, 89 and 144. Fib
numbers do not need to be pigeon holed and tied to only retracements. My
mechanical approaches are powered by common formulas (Chande's work) with fib
numbers substituted for the most common default assignments.
Take care,
Steve
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lee Morris
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 11, 2002 10:47
AM
Subject: RE: [RT] Fib Levels and Fib
Spread sheets
<FONT color=#0000ff face=Arial
size=2>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 [<A
href="mailto:kernish@xxxxxxxxxxxx";>mailto:kernish@xxxxxxxxxxxx]Sent:
Thursday, April 11, 2002 12:15 PMTo: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>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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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:rombeck@xxxxxxxxxxx";
title=rombeck@xxxxxxxxxxx>rombeck@xxxxxxxxxxx
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 11, 2002 9:29
AM
Subject: AW: [RT] Fib Levels and Fib
Spread sheets
<FONT color=#0000ff face=Arial
size=2>Confluence is the key word here.
<FONT color=#0000ff face=Arial
size=2>But not alone confluence of fib retracements.
<FONT color=#0000ff face=Arial
size=2>Confluenece for me means a point (or area) where at least 3 studies
come together:
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>- intern and extern retracements
<FONT color=#0000ff face=Arial
size=2>- alternate price extension
<FONT color=#0000ff face=Arial
size=2>- price extension
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Then wait for market reaction.
<FONT color=#0000ff face=Arial
size=2><SPAN
class=830035914-11042002><FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Roman
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
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 color=#0000ff face=Arial
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 color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
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
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