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Applying Fibonacci Cluster and Confluence Zones
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Applying Fibonacci Cluster and Confluence Zones

  #61 (permalink)
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fireman912 View Post
Well just a basic rundown is i use the 50% as the buy/sell area and the 61.8% as failure of the trend

Absolutely agree with this. But there are also ABC corrections that reach further down than 61.8% and that do not invalidate the trend. A Gartley pattern usually retraces more than 61.8%, but confirms the direction of the prior swing.



fireman912 View Post
Well just a basic rundown is i use the -23% and -61.8% as my targets once in a trade. The most important thing about fibs is actually knowing where to anchor them from

What do you want to say with -23%? An expansion?

Where do you anchor your fibs?

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  #62 (permalink)
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Where i anchor my fibs depends on the series of moves that have happened and wether or not we have broken the full swing 61.8%. Its really something that i would have to show you on a chart as there is alot of information you need to know about how to trade with fibs. I dont pay any attention to ABC corrections or Gartley patterns or anything else because you dont have to worry about any of that to trade with fibs

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fireman912 View Post
Where i anchor my fibs depends on the series of moves that have happened and wether or not we have broken the full swing 61.8%. Its really something that i would have to show you on a chart as there is alot of information you need to know about how to trade with fibs. I dont pay any attention to ABC corrections or Gartley patterns or anything else because you dont have to worry about any of that to trade with fibs

Why not post some of your charts?

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here is a shot of a setup that happened on thursday

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  #65 (permalink)
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here is a shot of the previous fib that i used to know where to anchor for that fib

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A different set of chart to explain support for 6E

You can use many different approaches: MY chart for Thursday looked like this:

Price action was basically supported by pivot range (or value area of prior day) and by a strong fibonacci confluence line. Resistance was at floor pivot level R1. Attached is another set of charts, which confirms the strong support around 1.2870. It is important not to look at one method, but use a few of them.


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Attached Thumbnails
Applying Fibonacci Cluster and Confluence Zones-chart-one.jpg   Applying Fibonacci Cluster and Confluence Zones-chart-two.jpg   Applying Fibonacci Cluster and Confluence Zones-chart-three.jpg   Applying Fibonacci Cluster and Confluence Zones-chart-four.jpg   Applying Fibonacci Cluster and Confluence Zones-chart-five.jpg  
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  #67 (permalink)
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A more detailed analysis

Just to show the detail of the confluence lines for Thursday.


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I think these analysis (which are very impressive i must admit) should be presented in a true context, ie, if they have some predictive value then they should predict the next day price action not what has occured. I have not seen anything to this effect so far.

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here is a shot of what im looking at to setup tomorrow. a long with an entry at 2844 and a failure would be a break of the 61.8

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  #70 (permalink)
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