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Fibo 15 Support Resistance Intraday
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Author Fibo 15 Support Resistance Intraday
twist



Joined: 12 Feb 2010
Posts: 333

Post: #466   PostPosted: Fri Jun 21, 2013 9:16 am    Post subject: Reply with quote

cliff23 wrote:
Hi Twist and all other members,

I would like to know one thing can you by any chance judge in advance on the basis of these levels that market will open gap up/down on the next day.Sorry if i sound stupid but just a query
Thanks


Laughing dear cliff i really dont know about gaps sorry buddy Very Happy
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dhdaarya
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Post: #467   PostPosted: Fri Jun 21, 2013 9:29 am    Post subject: Reply with quote

todays levels for nf


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taruj
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Post: #468   PostPosted: Fri Jun 21, 2013 9:33 am    Post subject: Reply with quote

BANKNIFTY 1M
TF 15TF
HIGH 11376
LOW 11302
R4 11614
R3 11540
2.61 11495
1.61 11421
MidPoint 11339
-1.61 11257
-2.61 11183
S3 11138
S4 11064
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jk99
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Post: #469   PostPosted: Fri Jun 21, 2013 4:13 pm    Post subject: Reply with quote

sir taruj
when and how i calculate fibo..

regards
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taruj
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Post: #470   PostPosted: Fri Jun 21, 2013 4:25 pm    Post subject: Reply with quote

jk99 wrote:
sir taruj
when and how i calculate fibo..

regards


Dear JK, just see the first post in this thread by twist. It has the method for calculation and the excel based calculator. if you still have doubts I sure will try to help.

go step by step on it, read the entire thread. my best wishes for you. thumbup

when -> first 15 min high and low
how -> just see the excel sheet. You can get the formula from there...

Regards. Taruj.
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jk99
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Post: #471   PostPosted: Fri Jun 21, 2013 4:32 pm    Post subject: Reply with quote

thank you sir
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jk99
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Post: #472   PostPosted: Fri Jun 21, 2013 4:46 pm    Post subject: Reply with quote

sir taruj
sir i cant find properly.
so plz explain me.

withregards
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taruj
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Post: #473   PostPosted: Fri Jun 21, 2013 4:54 pm    Post subject: Reply with quote

jk99 wrote:
sir taruj
sir i cant find properly.
so plz explain me.

withregards


First: Did you get the file? Come on SB Please.
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taruj
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Post: #474   PostPosted: Fri Jun 21, 2013 5:03 pm    Post subject: Reply with quote

taruj wrote:
jk99 wrote:
sir taruj
sir i cant find properly.
so plz explain me.

withregards


First: Did you get the file? Come on SB Please.


I just realized, you may not be a charts subscriber? Are you?

I am copying what Twistonacci has posted on the first and second post.

Attaching the Calculator..

"Posted: 10 Apr 2013 12:14 Post subject: Fibo 15 Support Resistance Intraday
Fibonacci Based Support n Resistance Levels for intra trading/trgts/sls
use it with your trading system if you find these useful

Draw Fibonacci Retracement on first 15min high low to get extension levels of 161.8% and 261.8%

NOTE: we only use 161.8% n 261.8% levels for support/resistance all other levels like 38.2% 50% are useless

MIDPOINT
Midpoint of Upper n Lower 161 works as pivot, can be used for deciding intraday trend

GENERATING LEVELS FOR ONEWAY/TREND MKT
When mkt is going one way we need more levels to move sl/tsl or for booking profits for that we can take 161/261 as high low to generate further levels its 161/261 of 161/261. Basically it is s3 s4 / r3 r4
all those who are using these levels can backtest this on their chart

Levels For Swing Trading
For Swing Trading take weekly high low to generate 161 levels & get a Midpoint of Upper N Lower 161 levels, Upper level acts as Resistance, Midpoint acts as Pivot, Lower level acts as Support.
Weekly levels can be used with your swing trading system for profit booking or to know Direction/Trend. Similarly Daily Levels are also useful for Intraday/BTST trades

Multi-TF Combination
Taking trades in the direction of higher timeframe are much for profitable than countertrend trades means if 30-60TF or Daily TF is in uptrend take long trades when mkt hits lower 161 or when it breaks upper 161 and keeps advancing in the direction of the main trend.. vice versa for short side "



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jk99
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Post: #475   PostPosted: Fri Jun 21, 2013 5:31 pm    Post subject: Reply with quote

sir
when i calculate in excel sheet,suppose as
point a 5600....point b 5580
then i get as
short..5587
stoploss..5592
target 1..5575
target 2..5567
target3..5555
rl tgt1..5609
rl tgt2..5612
rl tgt3...5624
then, sir where is mid point/-1.60/-2.61 s3/s4
+1.60/+2.61/r3/r4
regards
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taruj
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Post: #476   PostPosted: Fri Jun 21, 2013 6:12 pm    Post subject: Reply with quote

jk99 wrote:
sir
when i calculate in excel sheet,suppose as
point a 5600....point b 5580
then i get as
short..5587
stoploss..5592
target 1..5575
target 2..5567
target3..5555
rl tgt1..5609
rl tgt2..5612
rl tgt3...5624
then, sir where is mid point/-1.60/-2.61 s3/s4
+1.60/+2.61/r3/r4
regards


Where it says Short and SL. The excel only gives levels
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jk99
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Post: #477   PostPosted: Fri Jun 21, 2013 8:11 pm    Post subject: Reply with quote

sir plz guide me
regards
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twist



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Post: #478   PostPosted: Fri Jun 21, 2013 8:30 pm    Post subject: Reply with quote

jk99 wrote:
sir plz guide me
regards


dear jk download "Fibo15 Calculator.xlsx" file from the first post of this thread and put first 15minute high low values to get the levels.. u will see r4 to s4 levels with midpoint and upper/lower 161/261 levels in calculator
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jk99
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Post: #479   PostPosted: Fri Jun 21, 2013 8:31 pm    Post subject: Reply with quote

sir i will try
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jk99
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Post: #480   PostPosted: Fri Jun 21, 2013 8:45 pm    Post subject: Reply with quote

sir i see the chart but i cant
calculate my nos'
regards
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