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Old 11-29-2005, 01:57 AM
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Foreverold Foreverold is offline
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schwager,

the fib retracement is only drawing fib lines.
To use Fib lines you should take a course in fibonacci trading,
Carolyn Boroden is a great teacher and offers courses throughout the year.

http://www.syncmt.com/

Using the rvmfractalslevel indicator is drawing a fib fan.
The fib fan indicator is acting like the float indicsator predicting the market turning points.
It does not have a 100% in predicting, I have watched it change its point of reference, just like the Float, but it is within the 80% range which makes it very usable.
Use other indicators with it such as the demarker, look for the demarker to be above .7 for a short when the indicator appears, and a .3 for a buy.
Or wait for cci to cross above/or below the zero line to be safe
Once again to fully understand Fibonacci, take a course
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