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Old 05-25-2007, 01:15 PM
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Re: Fibonacci Confluence on Time

People are really fascinated with timing the markets, very few have success. I have spent many hours looking at timing methods, I submit here that if you want to do the same, don't expect to find a solid method that will make you lots of money, do it for your own fascination.
I have found a few methods that do work consistently.

Here is some guidance:

There are so many waves in a market (imagine a choppy ocean) that the interference causes timing to become skewed.

However - there is a good time to use timing methods! This is when a "new" impulse is introduced to the market. So an example would be when the market is gone through a period of low volatility and suddenly explodes.

A simple way to time a move like this is by just using your fib time tool and mark the "a" to "b" leg of the wave, then use a 100% extension of this leg.
If "c" is not formed before this 100% mark, then the "a" to "b" move is invalid and will likely resume the previous trend.

This a simple example. There are much more accurate methods, and the ones I know of involve using that primary impulse wave as a measuring gauge for where and when the next move will develop.

Anyone who tells you they can know when each move will begin and end is definitely full of it. But in specific instances where a new, powerful wave over-rides all the other chop in the market, this is where you should pay attention.

Hopefully this can point some people in the right direction and save some time for the grail searchers looking to time every move....

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