Lets Talk Fib, Gartley, Butterfly

Are you saying that one needs to calculate support & resistance.

 

Yes, someone using Fib #'s needs to know where support/resistance is and then calculate from that point. Most use lowest lows and highest highs of all time as one of the Fib points. Then, there are also many other points where you can measure from...that is other support and resistanc points you can measure from.

Ebay is a good example. I don't have the chart handy right now, but if you measure from support and resistance and major highs and lows, you should get what I am saying.

Best,

LB

 

Someone once told me that if you draw enough lines on the chart....one of them would work!

 

http://www.trade2win.com/knowledge/articles/why-successful-traders-use-fibonacci

 

t.a. is voodoo science.

 

I always wondered how rabbits could learn this kind of stuff. Remember, they apparently multiply following the Fibonacci sequence.

 

Sure it is and so is Physics.

 

Ignorance is really blissful

 

"t.a. is voodoo science."

T.A is a good tool for traders, if you know how to handle other variables. One can abuse any thing good and then call it Voodoo, like fox saying that grapes are sour.

 

LOL. Are you telling us you havent been able to get them to work for you yet?