Comments on: Swing Trading Fibonacci Time Zones

By: afqawq

afqawq — Wed, 03 Mar 2010 15:25:54 +0000

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By: InfiniteUniverse88

InfiniteUniverse88 — Tue, 23 Feb 2010 00:09:20 +0000

I bet this software didn’t predict the recession.

By: PerpetualFire

PerpetualFire — Fri, 29 Jan 2010 12:35:54 +0000

@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.

By: jimbo59153

jimbo59153 — Thu, 07 Jan 2010 03:53:53 +0000

BOOOM! 6:38

By: coreyk123

coreyk123 — Fri, 04 Sep 2009 03:59:56 +0000

then use ticks instead of time charts

By: Fullperson

Fullperson — Fri, 07 Aug 2009 03:13:09 +0000

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

By: AdamSlowHandSmith

AdamSlowHandSmith — Sat, 13 Jun 2009 23:03:25 +0000

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

By: roketman5775

roketman5775 — Wed, 25 Mar 2009 04:43:18 +0000

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.

By: networx21

networx21 — Fri, 06 Mar 2009 08:42:22 +0000

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.

By: housechores

housechores — Mon, 19 Jan 2009 04:15:44 +0000

Cool stuff. I have been using Sharpcharts – free version – maybe it’s time to pay the money.