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Old 05-21-2007, 02:34 PM
pipskweezergeezer's Avatar
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Join Date: Dec 2006
Location: UK
Posts: 15
Question Fibonacci With Everything?

I would like to know if other traders here use Fibonacci numbers in other indicators?
For example I use the parameters 13, 21 and 8 for MACD, 13 for Force Index, 13 for RSI, 8, 5, 5 for Stochastics, 144 SMA and 233 SMA.
So far they seem to give better signals...

See the attached chart, not only do the indicators use Fib. numbers byt the 144 and 233 SMA have acted as support on the trend...

So how much do you guys rate Signor Leonardo Fibonacci?
Attached Images
File Type: gif FIBONACCI AT WORK.GIF (32.8 KB, 27 views)

Last edited by pipskweezergeezer; 05-21-2007 at 02:47 PM. Reason: ammend chart
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Old 05-22-2007, 12:57 AM
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Join Date: Jan 2007
Posts: 409
Default

After looking at your chart I would say use thinner lines. You have alot of info there and to me it just gets all blurred together. But if you can understand it then stick with it. Also I would like to know how and why you came up with the numbers that you use on your indicators.
As for your question I have and do use fibos, they can be useful if done properly. I have tryed to learn more about elliot waves to understand fibos better. That approch has helpped me. I would suggest going to elloittwave.com for a better understanding on them.
Good Luck
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Old 05-22-2007, 03:58 AM
pipskweezergeezer's Avatar
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Join Date: Dec 2006
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Default And also

I should mention that for the Force Index indicator I use overbought/sold levels of 13 and -13 respectivley and they too have given reliable signals...
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