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08/27/2012 Live Update
Re: 08/27/2012 Live Update
Bigger picture
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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TradingJackal
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Re: 08/27/2012 Live Update
So what would be the corresponding count on SPX/Y? Thanks.KeiZai wrote:Bigger picture
There are no bulls or bears in the market. Only wolves and sheep.
Twitter @TradingJackal
http://tradingjackal.blogspot.com/
Twitter @TradingJackal
http://tradingjackal.blogspot.com/
Re: 08/27/2012 Live Update
Can you share how you determine & interpret the black (fib?) arc in the lower right of the chart? Thx!six9ine wrote:Kind of a boring day...
download/file.php?id=26894&mode=view
Re: 08/27/2012 Live Update
To size the Fibarc, I use the top to bottom of previous hi-lo or the hi-lo of the arc itself. Once I have the size, I place the inner arc (left side) to the start of the arc (price). I look for the highest correlation. In this instance, the prior move in price had a higher correlation with the arc. The Fib tools work in perfect symmetry if you know where to put them (typically on the start to finish of actual waves). Notice how the Fibfan directs price through the 4 wave. I've seen larger waves over periods of months stay directly correlated with their Fibfan...ZimZeb wrote:Can you share how you determine & interpret the black (fib?) arc in the lower right of the chart? Thx!six9ine wrote:Kind of a boring day...
download/file.php?id=26894&mode=view
Re: 08/27/2012 Live Update
Hi TJ, I am not sure not trading these days - prefer sun chill and girlsTradingJackal wrote:So what would be the corresponding count on SPX/Y? Thanks.KeiZai wrote:Bigger picture
possible count
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Re: 08/27/2012 Live Update
Appreciate the response. Do you ever find the fib arcs useful for timing, or just support/resistance?six9ine wrote:To size the Fibarc, I use the top to bottom of previous hi-lo or the hi-lo of the arc itself. Once I have the size, I place the inner arc (left side) to the start of the arc (price). I look for the highest correlation. In this instance, the prior move in price had a higher correlation with the arc. The Fib tools work in perfect symmetry if you know where to put them (typically on the start to finish of actual waves). Notice how the Fibfan directs price through the 4 wave. I've seen larger waves over periods of months stay directly correlated with their Fibfan...
The trendline connecting the August 2011 lows at 1101 and 1121 has had my attention for months & the following seem to jive pretty nicely with your observations about fib fans: