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simple
and interesting application
<FONT face=Tahoma
size=2>-----Original Message-----From: Steve Karnish
[mailto:kernish@xxxxxxxxxxxx]Sent: Thursday, April 11, 2002 1:05
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Fib
Levels and Fib Spread sheets
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
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lee Morris
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 11, 2002 10:47
AM
Subject: RE: [RT] Fib Levels and Fib
Spread sheets
<FONT face=Arial color=#0000ff
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 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>
<FONT face=Arial color=#0000ff
size=2>- intern and extern retracements
<FONT face=Arial color=#0000ff
size=2>- alternate price extension
<FONT face=Arial color=#0000ff
size=2>- 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
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