But Fib numbers are predetermined. You know the specific numbers in advance. Presumably, then, you're waiting for price to reach them so that you can act immediately, rather than waiting for price to react to that level before taking your cue. Because if you are taking your cue after price has already reacted to the Fib number, then you are effectively ignoring the Fib number for all intents and purposes, and focusing on the market's action (as you should be, in my opinion). Acting immediately at the moment a Fib number is touched is akin to catching knives. And it is only if you are acting immediately that you are not effectively ignoring the Fib number. And so, danielc1, are you catching knives?
I see what you mean with 'catching knives'. This is the danger of all predetermined systems... May I give you an example? Can you give me an instrument or tickername that you are following? I will put up a chart with how I use fib and among other things to demonstrate that there is an order in the universe...
Forgive me, but I still don't see it. Besides, tinkering with overlay lines after the fact, and positioning them just so, is not a very convincing display of real-time applicability. Just giving you my opinion.
Okay, no problems. The lines are in place before price action trough calculations, not on visual sight seeing. You will see this later on in to the day. Just extend the lines on the chart. You will see with your own eyes that price will move from and toward these lines.