[Sniper]

Torero

Thanks for welcome me to the forum! I think what you have is a fib time ratios tool. The one I use is called "cycle finder" It calculates how many bar/candles are between the initial swing(a) to the retracement (c) I use to do that manually, now I have some charts that has this little tool. You can do it manually too, simply count how many bars from a-c and there you have it. If you had already an entry, let's say on C, and from A-C you have 13 bars, then it will give you an estimate time frame(13 bars) in which you can reach your target. Cycle finder helps you to stay on a trade longer. It's just a guide. Please remember there's nothing for certain in the markets. But it's a good helper guide, I've been using it for years now.

Pivot Profiler

As soultrader said at the beginning, you need to qualify the initial wave in order to have a valid fib. That's called a "swing filter" I don't know what you trade but for ER2 (my favorite mini) anything less than 40 ticks It's not for me.

Also for the swing filter, I try to avoid those that don't have minor corrections on the way. Sometimes I take them but that's another story.

Like I said, I don't know which market you trade. But if you don't have a swing filter , you simply don't have a valid fib . If your fib comes down and passes .786 area, then you have a broken fib.

Listen people, don't fall into a discretionary nigthmare like I did some time ago. If you like to be complicated and you're a mathematician who needs to be analytical and precise like a swiss watch in order to make money, well throw all kind of bells and whistles to the mix and my hats off to you. I sincerely respect that as not every trader posses the same personality. I like for my trading style to be simple and my charts to be as clear as possible.

If you're curious about fibs and after a while you decide they fit into your trading style and personality, my advice is to use them on it's pure and simple form. As they come.

PD: If anybody is familiar with trade navigator from genesis, I need a little hand, please. I am trying to do a screen capture but I can't find it anywhere.

Regards