Swing Trading Fibonacci Time Zones

[Mcferren02]

Well done! This video showed me a lot of stuff I didn't know about.

[Serrokot]

It doesn't work there is a mathematical proof.

[CrunkBeatz87]

really good forex site  bit.ly /aLZCmk

[patfarlow]

did you say gam box?

is that in TOS also?

[3333kevin]

what kind of software were you using to chart???

[karnak472]

I'm using Investools and my fib time series doesn't look anything like yours. Yours makes sense mine doesn't are you familiar with investools platform? Is there something I'm missing?

[FreeFOREXautoROBOT]

Thanks, There is one 100% Free EA if anybody want.

[FreeFOREXautoROBOT]

Thanks, but I like Forex robot

[rick9565]

The wick counts. Computerized trading systems will recognize the extreme and use it. Run fibs with that wick.

[afqawq]

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[InfiniteUniverse88]

I bet this software didn't predict the recession.

[jimbo59153]

BOOOM! 6:38

[Fullperson]

do fib time zones work because people use it? Or is it because for some amazing method, it works?

[PerpetualFire]

@Fullperson

I can see how fib works on forex because people use it for trading. On the other hand, S&P is a composite average of stocks which should in theory not work with fibonacci on supply and demand of the index itself. And fibonacci is not universally applied to every stock. If it works on what you're trading, use it. Amazing method, yeah I reckon it is.

[AdamSlowHandSmith]

As far as tails:

It comes down to luck of the draw, IMO.

Imagine that you're looking at 1 min charts, and the price actually printed at the low when the time period closed. In that case, it wouldn't leave a tail, but a whole candlestick. That fact alone might influence the market to drop the price even lower, so it's all about timing and luck of the draw. I generally don't buy UNLESS the prior time period printed with a favorable candlestick; too risky for a print to turn before it closes

[coreyk123]

then use ticks instead of time charts

[roketman5775]

Good information. I agree with Barry that the real body of the candle is the real market. The higher and lower shadows (wicks) are the extremes. Steve Nison's books teach this. Market makers run prices down to hit stop loss orders and they run it up to extremes to hit the Shorts stop loss orders. The people buying at highs and selling at lows might not be the most sophisticated traders/investors. Thanks for the free videos, Barry.

[networx21]

Good video on the time zones, but I have to disagree with you on the wicks. The fact that price was there at one point is very beneficial to see what happens when price comes again to that point. Although it rejects that price for the time being, it certainly creates a new mark for future support to be possibly breached.

[housechores]

Cool stuff. I have been using Sharpcharts - free version - maybe it's time to pay the money. :)

[trader3314]

VOLUME

[phsplaya4242]

good stuff, what advanced trading platform would you recommend?

[mlmHeavyHitter]

phsplaya4242, My favorite advanced charting program is NeoTicker from TickQuest.

[kimflie]

Fibonacci time zone? or did you say Gann time zone? never heard of these =/

[longtang1234]

Sorry to not be so enthused re: verticle fib lines.

Itis too many things to put on your charts. I feel that I want to have as few as needed. I want my charts simple. I am looking at purchasing ur courses. I hope to be able to distill it down to just a couple of setups that can be traded over and over again. Now, I dont' know much about the ex-con trade or the freedom trade, but I am definitely going to check 'em out to see if they fit me.

[TopDogTrading]

Thanks for the good comment. My rule is just enough on the chart to give high probability scenarios and not one iota more.

I don't use this all the time, but it's good for the big picture on index charts as it helps to confirm the cycle indicator.

[longtang1234]

Ah. Thank you. That makes more sense. Your added comment on "cycles" made a light bulb go off in my mind. Now I can picture what you may use the fib time lines for. I am glad that it isn't used all the time, but in special cases, I can see how they might confirm cycle highs and lows of oscillators. I will keep this information in mind as I go through your course. Signed: Chin.

[TopDogTrading]

Exactly. Think of it like this: Most people use grid lines on their charts that are evenly spaced. I take those off and put fib lines on very faintly in the background. They service as grid lines but are more meaningful. This video format is small so had to make them dark and the small size makes it look cluttered.

[penis3307]

Whats your opinion on the efficient market hypothesis?