Time Projections

bdixon619 · May 18, 2003

http://www.elitetrader.com/vb/showthread.php?s=&threadid=8734&perpage=6&pagenumber=1

Bruce

kgharris · May 18, 2003

Quote from maggandre:

FYI - I have Miners report from his website (on time projections). It is nothing earth shattering - if you have played around with them on your own, you have probabaly done what he outlines in his methodology. Basically, number of bars from a swing high to low, and/or number of bars from a high to high (low to low). Project out with common Fib rations (.382, .618, 1.618...etc) and look for a confluence of those numbers that might likely be future support/resistance.

Sometimes it works, sometimes it does not. The problem is, if you use all the common Fib %, your screen will be filled with possible turning points every other bar.

There has to be a better methodology, if you find it let me know!
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That is what I have done in some of my experiments - and you hit the nail on the head. Your chart will be cluttered with possible S/R points.

Thanks

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Time Projections

bdixon619

kgharris