[Minis Trader]

Originally Posted by OAC »

Is 89 a Fib number ?

89 is a standard number in a fib sequence.

Bump:

Originally Posted by Kiwi »

21+34= + 34 =

(teach a man to fish )

Thanks Kiwi I didnt see your post when I had answered.

OAC here is the sequence that gives us 89 tick.

0+1=1
1+1=2
1+2=3
2+3=5
3+5=8
5+8=13
8+13=21
13+21=34
21+34=55
34+55=89
etc

Happy Trading

[BlowFish]

81 is the secret sauce number

[OAC]

Originally Posted by BlowFish »

81 is the secret sauce number

Square of Nine ?
Or is square root the secret sauce ?

In a paper Albert Einstein published in 1905 called Brownian Motion, he found that a particle suspended in a liquid tend to move randomly and that the total range of the particle's movements would expand according to the square root of time.
Similarly, the brightness of a star diminishes in proportion to the square root of one's distance from the star and the influence of gravity diminishes according to the square root of the distance from the gravitational object.

[CandleWhisperer]

OAC, you should start a thread with more of this type of stuff.

[Hlm]

Let's not kid ourselves...we all know the answer is always the Golden Ratio!! Hence the mystical 5/3/3 slow stochastic on any time frame for confirmation via movement in relation to price . For any of you who have never really studied any of this, it's really quite interesting how it all fits together and is related. Wikipedia such items as golden ratio, fibonacci numbers, brownian motion, stochastic process, etc.

[Minis Trader]

Originally Posted by Hlm »

Let's not kid ourselves...we all know the answer is always the Golden Ratio!! Hence the mystical 5/3/3 slow stochastic on any time frame for confirmation via movement in relation to price . For any of you who have never really studied any of this, it's really quite interesting how it all fits together and is related. Wikipedia such items as golden ratio, fibonacci numbers, brownian motion, stochastic process, etc.

And it all starts out by adding 0+1.

[Hlm]

Originally Posted by Minis Trader »

And it all starts out by adding 0+1.

"It's not where you start, it's where you finish."

....or something like that.

Going back to the original poster...

Originally Posted by captjoe »

I have a system to look for snap back's up and down for a 2-3 day move.

Maybe you could post a couple of snap shots to give us an idea at what your style is like.

I have found that picking a few spread out fib numbers for time frames work well for getting an idea of the forces at work (same idea with SMAs on one time frame). It's not that the fib numbers are magical, but they do a decent job at naturally seperating themselves. One way is to also use ticks (like 55 or 89) for reading the pure PA, and then a 3m, 5m, or 15m for the middle time frame. Market Profile is also very useful for determining bias in the larger time frame for day trading.

But again, it's hard for anyone to make any real suggestions without first knowing a little bit more about your strategy and personality.