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None of posts have shown up .. here is confluence of time and price, buy
order in 112375 limit
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 17, 2002 12:34 PM
Subject: Re: Fibo example
> First post has not shown up yet but thought I'd send along another. 38%
time
> retracement of the secondary low did not hold the low, now we have
> confluence of the 38% primary time retracement and 62% secondary
> retracement. Also a cluster of price targets in a 2 handle range. This is
> not the nice clean looking chart I like to work with but you work with
what
> you have.
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 17, 2002 11:29 AM
> Subject: Fibo example
>
>
> > Another fib chart in emini, this is 5 minute.
> >
> > a) major rally stopped 2 ticks short of the 68% retracement back to the
> > 1156.25
> > pivot high.
> >
> > b) W.C stopped 2 ticks short of the 100% expansion where W.C = W.A. This
> > would be a minimal price correction.
> >
> > c) left vertical cyan line is the 38% time retracement of the rally from
> the
> > 1102.50 secondary low, right cyan line is 38% time retracement of the
> rally
> > from the 1100 primary low. I do not consider a correction complete until
a
> > minimum 38% time retracement has been met.
> >
> > d) heavy green lines at 1122.25 and 1121.25 are the 38% retracement
levels
> > measured from the primary and secondary lows ... I generally look for a
> 38%
> > retracement level to be reached following a major price move.
> >
> > e) also shown is a retracement tool to measure the rally from the last
low
> > and so far, the 62% + 1 tick has contained the rally.
> >
> > Should retracement time, retracement price, and correction expansions
come
> > together in confluence, I would consider a long position with tight stop
> to
> > have a very high probability of profit. As the chart evolves, I may see
> > other opportunities should the "ideal" not show up.
> >
> > Now, if some of the programming genius' here want to program this stuff,
> be
> > my guest. At one time I was a programming maven, did a lot of work on
this
> > stuff, and never succeeded in getting close to the kind of eye and hand
> work
> > I can do very quickly on a manual basis.
> >
> > Earl
> >
>
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