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Author Topic: Fibonacci's  (Read 9349 times)
sf_leseon
Jr. Member
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Posts: 5


« on: September 02, 2004, 07:41:31 AM »

Looking to start a converstaion amongst people who routinely use Fibonacci retracements on various timeframes. I did a search and came up with lots of posts mentioning it but didn't find one dedicated to it. I just started to understand them and am just looking for ongoing conversation about applying them.
Thanks in advance.
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mercury
Hero Member
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Posts: 52


« Reply #1 on: September 02, 2004, 07:42:11 AM »

I often use fibonacci retracement (and projections when counting waves, compare movements etc).
The "hard" things are to figure out which highs/lows/pivots to use. One way to get by this is to use multiple measurements. In this way one can get "clusters" where many levels "assembles" (don't know if this is the correct word to use?).
If one then adds projections from different waves which comes up in the same area, we have a nice cluster to use.
That's one way I use fibonacci levels.
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Paper-trade before!
...me and market...
muscalper
Full Member
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Posts: 7


« Reply #2 on: September 02, 2004, 07:51:28 AM »

For me it does work. I always use it for analysis.
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EMH
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Posts: 69


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« Reply #3 on: October 19, 2007, 06:49:15 AM »

Fibonacci retracements are amazing on 1 minute FX charts, I can tell you that. Smiley How to work it into a system, I am not sure yet Smiley
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Ken
Sr. Member
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Posts: 10


« Reply #4 on: October 19, 2007, 09:00:27 PM »

There is a Fibonacci cluster tool in the analytical studies.   I really haven't used it so don't know much about it.
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Tradecision Support Team
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Posts: 336


« Reply #5 on: October 21, 2007, 02:00:00 AM »

The Fibo stuff does not have corresponding functions in Improvian. They are hard-coded drawing tool and analytical study to be plotted on charts only. 
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KDE
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Posts: 1


« Reply #6 on: May 21, 2009, 07:08:48 AM »

Maybe there's something I'm missing, but I never use fibonacci tools in my trading. Just an opinion...
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