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[Previous entry: "Question from a trader."] [Main Index] [Next entry: "Market update October 30th"]
10/30/2005 Archived Entry: "How far back to do Fibonacci?"
> I find it difficult to decide on shorter time frames how to decide how many
> pivots to go back or how many days to go back to catch the little moves. So
> I keep moving them around to see if they kind of match anywhere, since there
> are so many different pivot points on short time frames to pick from. Is
> that the right way on shorter time frames.
>
> Cal
You really have to go as far back as necessary. At some point the fiblevels are so far away from price action that you no longer care.
-Neal.
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