|
PureBytes Links
Trading Reference Links
|
Yes! Placing an entry right at a Fib just because it is a fib is not
wise..
I expect price to stretch a bit beyond a Fib level, that how the
markets work..
-Neal.
At 11:56 AM 4/11/2002 -0600, you wrote:
>"Given the large number of traders who use them" is a good part of the key
>here because trade entries and exits are clustered near fibs. I will add
>that I _never_ place an entry or exit on a fib ... I always fade it because
>I know other traders fade the fibs and I don't want to be faded ... this
>means that prices will generally not stop exactly on a fib.
>
>Bottom line is that I want to know what other traders are looking at so I
>would have to plot fibs even if I did not believe in them. Obviously, I do
>believe in them as I have used them for over 15 years ... the single tool
>which I have never discarded through all of my research and trials.
>
>Earl
>
>----- Original Message -----
>From: "ztrader" <ztrader@xxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Wednesday, April 10, 2002 10:31 PM
>Subject: Re[4]: [RT] random price moves in ES?
>
>
> > I would think that the mathematical characteristics of Fib
> > retracements might be of great interest to traders, given the large
> > number of traders who use them. There are many places where the fibs
> > are derived, with connections to geometry, etc. This is just one more
> > part of the picture, and might be of equal or greater value to traders
> > than the simpler characteristics.
> >
> > If I'm the only one who can see how this is of value, though, I'd be
> > quite happy to drop it - I don't want to bore the list. Is that what
> > you are suggesting?
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get Custom Web Design
Post you project fro FREE. Click Here
http://us.click.yahoo.com/Y4_ewD/Tq2DAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|