Key levels/Pivots/support-resistance as precious commodity | Trading Reviews and Vendors


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Key levels/Pivots/support-resistance as precious commodity

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Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
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cory View Post
he said he uses ewave and fibs to create his grid he may as well say he uses random number to create it. Unless he hands you his computation you will never get exact same levels.

i mean you can see the computation in the code im guessing.. there are a few diff types of computations you can use on some of the harder to find waves of the instruments he did research on. he goes back(most of them 2001-2202 i think were the years) where the first major futures wave was first started, then he uses fib computations from there to project out major and minor fib lines. in the video on that page he explains it in more detail. all of the lines will always be on the chart above and below to matter what, they never change.. the only random lines are from the start of the first major initial wave pattern of the the instrument, then projected outwards using his fib calculations..

here is a quick snap shot of a few days ago(last time i opened TOS to check on em).. those lines are plotted from price action 10 years ago..:

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