NexusFi: Find Your Edge


Home Menu

 





FIBS = Key


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one ratfink with 6 posts (11 thanks)
    2. looks_two supermht with 3 posts (1 thanks)
    3. looks_3 bobwest with 3 posts (4 thanks)
    4. looks_4 Big Mike with 3 posts (0 thanks)
      Best Posters
    1. looks_one Massive l with 5 thanks per post
    2. looks_two aligator with 3 thanks per post
    3. looks_3 ratfink with 1.8 thanks per post
    4. looks_4 bobwest with 1.3 thanks per post
    1. trending_up 11,363 views
    2. thumb_up 29 thanks given
    3. group 8 followers
    1. forum 23 posts
    2. attach_file 2 attachments




 
Search this Thread

FIBS = Key

  #1 (permalink)
t2u7y28
Austin,TX
 
Posts: 1 since Dec 2013
Thanks Given: 0
Thanks Received: 1

The key to any potential idea of the 'future' of price or trend will be with a Fib Tool
Ninja it is the F8 or F9. These have been the most helpful to me the last 10 years
I also appreciate the ideas I find at Big Mikes.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #3 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
Posts: 962 since Feb 2010
Thanks Given: 1,189
Thanks Received: 661


the only fib level i use is half way back,

Fib has nothing to do with future move, of course you can draw perfect fib level after fact

Reply With Quote
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


supermht View Post
the only fib level i use is half way back,

50 isn't a fibonacci number.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #5 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,425


Big Mike View Post
50 isn't a fibonacci number.

Mike

Yes it is. Comes from the second and third numbers in the series. Equating 'Fib' with the Golden Ratio or it's derivatives is only one way of looking at them. If you start with two rabbits you might end up with more or not, depends if the fox turns up.

Travel Well
Visit my NexusFi Trade Journal Reply With Quote
  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


ratfink View Post
Yes it is. Comes from the second and third numbers in the series. Equating 'Fib' with the Golden Ratio or it's derivatives is only one way of looking at them. If you start with two rabbits you might end up with more or not, depends if the fox turns up.

I'm just looking at Fibonacci numbers. 50 isn't a fibonacci number.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #7 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

number 50 got mixed up into a fib tool;

Quoting 
The Fibonacci Retracements Tool at StockCharts shows four common retracements: 23.6%, 38.2%, 50% and 61.8%. From the Fibonacci section above, it is clear that 23.6%, 38.2% and 61.8% stem from ratios found within the Fibonacci sequence. The 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move.


Reply With Quote
  #8 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,425


cory View Post
number 50 got mixed up into a fib tool;

Leonardo's original book still worth a read. Some say the pit traders got there first because it was the easiest head maths, others that it's obviously two steps forward one back, in any progressive movement stuff starts somewhere and often haltingly. I just remember it as helping win buttons.

Travel Well
Visit my NexusFi Trade Journal Reply With Quote
  #9 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018


supermht View Post
the only fib level i use is half way back,

Fib has nothing to do with future move, of course you can draw perfect fib level after fact

What about trendlines in Wyckoff analysis? TL's have nothing to do with future move but people are still using them, go figure? of course you can draw perfect TL's with the benefit of hindsight.

Reply With Quote
  #10 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
Posts: 962 since Feb 2010
Thanks Given: 1,189
Thanks Received: 661



trendisyourfriend View Post
What about trendlines in Wyckoff analysis? TL's have nothing to do with future move but people are still using them, go figure? of course you can draw perfect TL's with the benefit of hindsight.

i think you are off topic

Reply With Quote
Thanked by:




Last Updated on April 15, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts