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Memphis,TN
Posts: 232 since Sep 2010
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I am hoping that an Indicator like I am about to outline, as I feel it could really save some time , as well as help us " know " where and what are Profits will be , via using the Fibonacci " price extension " but with a twist.....
Here's the premise for what I'm hoping to achieve ......
I trade the Futures a lot, and with trading Corn, Oil, Silver,Oil, etc..
it can be a bit time consuming, in trying to know what the Exact profit would be , if the Future being traded moved to certain price levels ( narrowed down to the nearest penny )
Since the Fib. extension already has the 100 , 200, 300, 400% , etc... levels pre-built into it ,
I was wondering if there was a way to have the Profit ( as well as loss ) plotted next to each Fib. extension level ( the 100%, 200%, 300%, 400%, etc... )
Having this would save a lot of time , and it would also just help us know what are profit and loss would be .
Any help and insight would be much appreciated
Thanks much - Michael
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