jmtbernardo

Setup for SPY Fibonacci techniques with Clones.

BATS:SPY   SPDR S&P 500 ETF
994 17 5
This chart contains Fibonacci retracements and wedges to forecast psychological areas of support or resistance. The first Fibonacci retracement is lined up with price action that touches multiples times on the retracement, thus this levels has higher probability of influencing price action in the future. I also utilized the technique of Sierpinski fractal triangle clones to identify possible support and resistances, the large clones are also lined with with the first fibonacci retracements. Here is website that explains further information about Leonardo Fibonacci tools http://www.investopedia.com/video/play/trading-with-the-golden-ratio/ If you zoom out, you can see that the highlighted cyan areas lines up very nicely with fibonacci lines.
hehe
3 years ago
...I understand that you know the Sierpinski triangle?
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jmtbernardo hehe
3 years ago
Yes, I learned in geometry class during high school. This was my first time doing it, they are not perfect.
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hehe
3 years ago
http://en.wikipedia.org/wiki/Sierpinski_triangle
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StealthTrader
3 years ago
Nice work will be an interesting follow.
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Mercurius
3 years ago
those are actually zeldian tri-forces: http://zeldawiki.org/Triforce
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AmsterdamWhale
3 years ago
Just to be clear, do my crash research topics here need to be: SierpinskiT's, I'm competent with fib ext/rtrce only, but Zeldian Triforce...I gotta admit, during & since college, interplanetary geopolitics and bi-species poli-sci has always been a bit of a black hole with me.... K, sorry, now I can be serious again... tell me, any less than obvious voiding scenarios I need to be aware of? Less than obvious I mean, to an orangutan.... Just how 'granular can this set-up still realistically/statisc. offer useful perspective? I know this is silly questioning in many ways, however, I'm trying to stir the pot a bit here and generate some comment I can start hanging some flesh on. Obviously I needed a platform for my xenophobic jokes as well.
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QuantitativeExhaustion PRO AmsterdamWhale
3 years ago
Yeah.. I'm not a fan of the triangle clones. Rectangle and squared clones have shown merit though.
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jmtbernardo
3 years ago
As I mention before, this is my first time doing it, so it still under testing. The market will tell the truth about its effectiveness.
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QuantitativeExhaustion PRO jmtbernardo
3 years ago
Others have tried this Triangle Clone technique and haven't shown much progress towards predicting future prices.
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jmtbernardo QuantitativeExhaustion
3 years ago
Failure is part of learning :)
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QuantitativeExhaustion PRO jmtbernardo
3 years ago
If you can get the success rate of what nmike did with parallel rectangle clones, I'll give it a look. Until then I remain a skeptic
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jmtbernardo QuantitativeExhaustion
3 years ago
I understand, i would be skeptic too, since it is my first time.
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Bonkzilla
3 years ago
You're on another level.
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StealthTrader
3 years ago
Liking what I see so far great work
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jmtbernardo StealthTrader
3 years ago
thx
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jmtbernardo
3 years ago
snapshot
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