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Andrew's pitchfork, pivot points, fibs, S/R Regresion channels and even trendlines have this particular forward approach to the market I was looking for. Because of that, a lot of discretion is applied and many times traders falls into a real discretionary nightmare. You have no idea how many nights I spent calculating and backtesting charts using ganns, elliot waves and fibs until one day I decided to get rid of plenty of stuff I had already built in and keep only fibs and time cycles.
Regards
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Hi Sniper and welcome to TL! I wanted to ask you about the time cycles. Is the cycle fib calculation as well? In Tradestation, there is a fib time calculation tool but I've never found any good reading material in applying it but am very curious to learn. If this is not it, would like to your how you use yours.
