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Fibonacci Retracements

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Introduction to using the Fibonacci Retracement tool in ProphetCharts from Investools

Channel: Howto & Style
Uploaded: November 30, 1999 at 12:00 am
Author: timprophet

Length: 04:50
Rating: 4.344262
Views: 95744

Tags: prophetcharts  investools  fibonacci  trading  Thinkorswim  

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Video Comments

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smokenfly514 (November 30, 1999 at 12:00 am)
Which trading software does he use?
Lafraim (November 30, 1999 at 12:00 am)
Money has no standard of cost. Shares have no cost standard in money. How it is possible to measure company cost if there is no standard of cost of labor? It is necessary to measure money in joules or calories.
joewoo127 (November 30, 1999 at 12:00 am)
well done , read your book ( Chart your way to Profits ) this past summer , very good , reading Robert J. Schillers now
kevinnguy3n (November 30, 1999 at 12:00 am)
fibonacci is a garbage tool it doesnt tell you anything.....only in hind sight lols "lets draw these lines and hope the correspond with a peak or trough of a graph, and call it support/resistance" there are many many peaks and troughs in a graph even if a draw a bunch of random lines at least one of them will line up with a peak/trough
90mung (November 30, 1999 at 12:00 am)
fibonacci's are handy for trends but thats about it, I discovered that using algorithms learned while following every move of the trader on tradingeliteclub. net worked out much better, as I now earn between 80 and 100 points EVERYDAY, just follow his every move, not at all complicated
WWWxFXOOxORG (November 30, 1999 at 12:00 am)
I thought it was a tool to measure RETRACEMENT which means you look at the levels after you mark the bottom and the top of the movement. I don't know what comparing the chart with levels between those two points is supposed to show.
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