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ES 1-5-2009


Watching the 910 area this morning...

VAL 910.25

910.50 is the 61.8% retrace level of Friday's up trend.

Below 910 we have the 904 level:

Weekly Pivot Point at 904
Daily S1 at 903.75

904.25 is the 78.6% retrace of Friday's up trend.

POC at 913.75... will probably be ignoring this level today.

Pivot Point 918.25... will be ignoring this level also.



VAH at 932.75

R1 at 940.00
VO, does your tradestation put the ABC with the fibs automatically? If so is this .eld available? thanks
quote:
Originally posted by VOwater

PT if you look in the charts thread somebody has coded fibobands for NT...his name was culsa or something close



Thanks VO, I will see if I can dig it up.
Here's a FibBands script for NT. Inputs include the fib numbers (defaults are 1.618, 2.618 and 4.236) and the length. I believe VO uses 34 (fib #), but 21 and 55 also produce good results, depending on your timeframe.

I've never exported a script before, so if you run into problems, let me know and I'll try to correct.

To install:
1. Copy the zip file to your desktop.
2. Go to NT's Control Center window and click File then Utilies
3. Select 'Import NinjaScript' and "Trust me... I'm a trader!"
4. Browse to your desktop and choose the file.

That's it.

Click link to access uploaded file:
FibBands.zip
thanks Culsu and sorry bout the name
No sweat, VA. It happens to everyone.
Hello, Traders!
TYVM, culsu !
Thanks Culsu !
dtomassino it does not...if you look in the chart threads from a few days ago there is a snapshot of a chart with some zigzag code I have that I run on MC, but it works with TS. It also auto plots fib ratios. After the close I can post the eld if you like (its on my trading computer)
trend stalled at 333%, targets at VAH and and 423.6%

Click image for original size
333.0, 423.6 and VAH targets
quote:
Originally posted by Margie

myptof, I thought you were joking the other day, hilarious!



lol, no its real...its just a divergence trade, need to have been in a trend and a higher high or double top (or close) The divergence is the big thing. I ended up drawing eyes and naming it for my own amusement. I've been calling it the Batman for years now.