Breakout, Thanks for mentioning that article, I wrote it and the spreadsheet as well as the articles and spreadsheets for the April and July issues of Futures mag. If anyone needs further info or help with them, let me know. Bruce
I've been playing with Fib numbers for the last couple of days just out of interest and to give me something to do. If you look at the cash market, the picture is very much clearer, and the charts are much less cluttered. Also there is less overshoot. I've noticed many times that getting direction for the ES and NQ from the cash indices is much easier, not to mention targetting levels... Natalie
what's it mean when that little blue line goes yellow? Does it always give good buy signals? Or was that just today?
Hey profitseer...that's a little indicator elite member "Ditch" gave me. Pretty cool, huh? It's VERY good at helping to spot retracements in a trending market. Much better than just running 2 moving averages. IMHO Using this, combined with Fibb levels of 38.2 and 61.8 have gotten my attention of late. Right now, I'm trying to refine the entry strategy. Buy on the way down? Buy on penetration of the channel? (my favorite, so far) or maybe wait for a certain % to retrace in the direction of the trend and jump on board? If you have Ensign, PM Ditch and I'm sure he'll send you a copy of his template.
Now, here's the MOTHER of all Fibonacci sites ! ....( which still has to do with "R. KNOTT" )..... http://www.mcs.surrey.ac.uk/Personal/R.Knott/Fibonacci/fib.html