- Search Energy EXCH
-
SBrickman replied Feb 14, 2008The Weekly chart. Price still between support and resistance.
Indicator Free Trading - Skunny
- SBrickman replied Feb 14, 2008
The Daily chart Price hit upper fib projection and retraced.
Indicator Free Trading - Skunny
- SBrickman replied Feb 14, 2008
Notice price hit resistance, retraced and slightly penetrated support THEN bounced to take out the upper fib projections. Price has retraced off the fib projections back to previous support area.
Indicator Free Trading - Skunny
- SBrickman replied Feb 13, 2008
The explanation is simple... the salmon dots are the fib projections. If you notice where the price extends to after breaking support or resistance and look to the left, you'll see salmon dots at that level - THOSE DOTS PREDICTED THE PRICE.
Indicator Free Trading - Skunny
- SBrickman replied Feb 13, 2008
I guess I should just go away again. Oh, BTW, price took out the upper fib projections.
Indicator Free Trading - Skunny
- SBrickman replied Feb 12, 2008
Once again, USDJPY hits resistance, breaks support and hits the lower fib projections.
Indicator Free Trading - Skunny
- SBrickman replied Feb 12, 2008
Using the 3 level ZZ semafor that places the dots seems to indicate a reversal. They correspond with support and resistance.
Indicator Free Trading - Skunny
- SBrickman replied Feb 12, 2008
I did save as picture. But I thought I have to upload it as a pic not an attachment and that's why I used Tinypic. Thanks.
Indicator Free Trading - Skunny
- SBrickman replied Feb 12, 2008
The fib projection "dots" have been working.
Indicator Free Trading - Skunny
- SBrickman replied Jan 7, 2008
image Price just keeps finding those fib projections.
Indicator Free Trading - Skunny
- SBrickman replied Jan 3, 2008
Did you use OCO orders or just trade in one direction? Charts, please! Thank you.
Indicator Free Trading - Skunny
- SBrickman replied Jan 2, 2008
image Have to love those fib projections.
Indicator Free Trading - Skunny
- SBrickman replied Jan 2, 2008
image Seems like the price just finds those fib projections like magic. The ones from the previous Sup/Res channel, seem to get touched after a new support or resistance level is established.
Indicator Free Trading - Skunny
- SBrickman replied Jan 1, 2008
They are intraday fibs. The lines are plotted at the 0, 23, 38, 50, 61, 77, 100 levels based on the high and the low. Just basic stuff.
Fibonacci 50% level
- SBrickman replied Dec 30, 2007
No, sorry, I should have said the grey dashed line, halfway between the red dashed (resistance) and blue dashed (support) lines.
Fibonacci 50% level
- SBrickman replied Dec 29, 2007
image The gray line is the 50% fib retrace line for the intraday fibs. Notice the price action near that line.
Fibonacci 50% level
- SBrickman replied Dec 28, 2007
I posted a few fib indicators that I modified to plot the projections. Then someone was asked, by at least 3 people, to provide code for their display and refused. That's why I decided to stop sharing my code.
Indicator Free Trading - Skunny
- SBrickman replied Dec 28, 2007
When all the people reading this thread share their indicators, then I will be happy to continue to share mine. But we have a few holdouts.
Indicator Free Trading - Skunny
- SBrickman replied Dec 28, 2007
image Support established below the lower 618 fib projections about the same level as Dec 20 - 21. Cycles?
Indicator Free Trading - Skunny