Traders Laboratory - View Single Post - Help Needed with Placing Fibs
View Single Post
  #3 (permalink)  
Old 02-26-2008, 06:31 PM
HAL9000's Avatar
HAL9000 HAL9000 is offline
HAL9000 has no status.

Trader Specs
 
Join Date: Feb 2008
Location: Germany
Posts: 31
Thanks: 3
Thanked 1 Time in 1 Post
Blog Entries: 3
Re: Help Needed with Placing Fibs

Hi januson,

well, I think that fib1 is nice, but now I'm confused.

But lets get serious, as I see it, lets assume you have been looking for a retracement into the 50 to 61.8 % area. Well, it failed! Thats it.

So now draw one more; the 0 % line at 566.20 and the 100 % at something like 543.00.
Well, what do you see?

Regards,

Hal

__________________
As no two people see the same view along the Way,
all trips from here to there are imaginary;
all truth is a tale I am telling myself.

--- Brion Gysin, "The Process"
Reply With Quote