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Fibo 15 Support Resistance Intraday |
twist
Joined: 12 Feb 2010 Posts: 333
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Post: #466 Posted: Fri Jun 21, 2013 9:16 am Post subject: |
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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 |
dear cliff i really dont know about gaps sorry buddy
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dhdaarya White Belt
Joined: 13 Apr 2012 Posts: 38
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Post: #467 Posted: Fri Jun 21, 2013 9:29 am Post subject: |
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todays levels for nf
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taruj White Belt
Joined: 20 Apr 2011 Posts: 260
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Post: #468 Posted: Fri Jun 21, 2013 9:33 am Post subject: |
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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 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #469 Posted: Fri Jun 21, 2013 4:13 pm Post subject: |
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sir taruj
when and how i calculate fibo..
regards
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taruj White Belt
Joined: 20 Apr 2011 Posts: 260
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Post: #470 Posted: Fri Jun 21, 2013 4:25 pm Post subject: |
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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.
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 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #471 Posted: Fri Jun 21, 2013 4:32 pm Post subject: |
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thank you sir
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jk99 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #472 Posted: Fri Jun 21, 2013 4:46 pm Post subject: |
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sir taruj
sir i cant find properly.
so plz explain me.
withregards
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taruj White Belt
Joined: 20 Apr 2011 Posts: 260
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Post: #473 Posted: Fri Jun 21, 2013 4:54 pm Post subject: |
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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 White Belt
Joined: 20 Apr 2011 Posts: 260
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Post: #474 Posted: Fri Jun 21, 2013 5:03 pm Post subject: |
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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.xlsx |
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jk99 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #475 Posted: Fri Jun 21, 2013 5:31 pm Post subject: |
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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 White Belt
Joined: 20 Apr 2011 Posts: 260
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Post: #476 Posted: Fri Jun 21, 2013 6:12 pm Post subject: |
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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 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #477 Posted: Fri Jun 21, 2013 8:11 pm Post subject: |
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sir plz guide me
regards
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twist
Joined: 12 Feb 2010 Posts: 333
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Post: #478 Posted: Fri Jun 21, 2013 8:30 pm Post subject: |
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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 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #479 Posted: Fri Jun 21, 2013 8:31 pm Post subject: |
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sir i will try
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jk99 White Belt
Joined: 20 May 2013 Posts: 81
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Post: #480 Posted: Fri Jun 21, 2013 8:45 pm Post subject: |
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sir i see the chart but i cant
calculate my nos'
regards
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