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| Discuss Does Fibonacci levels help you find out the bottoms? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; darsh,,,u mistook me,,i had already metioned,,,in daily basis nifty eod chart... not on weekly/ monthly...!!! ... |
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| Technical Analysis Discussion of all the principles involved in technical analysis. |
| View Poll Results: Does fibonacci Retracement level hepls you to find out the bottoms? | |||
| Yes |
   
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12 | 52.17% |
| No |
  
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6 | 26.09% |
| Cant Say? |
  
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5 | 21.74% |
| Voters: 23. You may not vote on this poll | |||
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#21
3rd April 2008, 12:25 PM
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Re: Does Fibonacci levels help you find out the bottoms?
darsh,,,u mistook me,,i had already metioned,,,in daily basis nifty eod chart...
not on weekly/ monthly...!!! on daily....fib counts the retracement..not teh bottoms out,,,,bottom out means,,,,,,the mkt hs ended or any scrip has ended in terms of trend in which it was trending,,,,that is down trend,,and now u can catch,,,since it has bottomed out were demand si inc/ and less supply.... where buying is much / and selling is less... stcok test thoses levls agian / again... WELL,,,THESE WERE MY VIEWS,,,NOTHING GOING CONTRA TO ANY BODY,,,,IF NAYONE FINDS FIB,,,SUITING HIS / HER TRADING PLATFORM...WELL GOOD... renu 
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#22
3rd April 2008, 05:07 PM
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Re: Does Fibonacci levels help you find out the bottoms?
Quote:
Just attaching a chart ,.. Not sure i m correct or not ,... but u correct me if i m wrong. hope it can give a better idea to u how fibo works ,... There r still some rules to use fibo.. u also need higher / lower pivot to enter ur trades ( for reference). Ajax might throw some more lights on it .. Regards,.. Darsh Last edited by darsh_goswami; 3rd April 2008 at 05:20 PM.
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#23
3rd April 2008, 05:55 PM
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Re: Does Fibonacci levels help you find out the bottoms?
Interesting Thread..!!
Fibonacci Levels can help to find The Pinpoint levels for reversal, But important thing is, WHICH HIGH & LOW YOU CONSIDER FOR PLOTING THE FIBONNACI LEVELS, Nature is always ready to help the Human, & Fibonacci Nombers is........ THE NATURE...!!!!!  Prakash
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#24
7th April 2008, 06:27 PM
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Re: Does Fibonacci levels help you find out the bottoms?
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#25
7th April 2008, 06:56 PM
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Re: Does Fibonacci levels help you find out the bottoms?
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Good to c u posting ,.. http://www.futures-investor.co.uk/fi...r_sequence.htm something more about fibonacci... Regards,. Darsh
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#26
7th April 2008, 07:15 PM
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Re: Does Fibonacci levels help you find out the bottoms?
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#27
7th April 2008, 07:48 PM
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Re: Does Fibonacci levels help you find out the bottoms?
Dear Oxy ,..
Never Tried Phi ( ITs not in metastock , yeah its there in GannAlyst ). So can not comment. U better try. Regards,.. Darsh
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#29
7th April 2008, 09:09 PM
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Re: Does Fibonacci levels help you find out the bottoms?
phi.......is a mathemoatical numebr / geometrical....can be put on calculator...?
renu
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#30
7th April 2008, 10:51 PM
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Re: Does Fibonacci levels help you find out the bottoms?
In my view, Fib levels, on its own cannot indicate reversal levels. But they do work specially in liquid stocks/markets. I will prefer to use them for confirmation of trading signals that are generated by other price patterns / indicators. In my experience, most common fib level is 50% followed by 38 and 62% levels.
Happy Trading, Anup
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