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FIBS = Key
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FIBS = Key

  #1 (permalink)
Trading Apprentice
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FIBS = Key

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.

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  #2 (permalink)
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  #3 (permalink)
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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

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

50 isn't a fibonacci number.

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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.

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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.

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  #7 (permalink)
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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.


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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.

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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.

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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

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