It seems 90% of platforms , even good old MT4, has nothing but plain vanilla Fibonacci charts. I want something that gives me an edge. Something that will compute multiple timeframes on both retracements and especially extensions and overlay them on one chart. Its out there in a few places but the charts arent cheap. I also would like Fib charts where you could just have an "auto" button and the platform would find the best places to put the lines for you. Best of all would be if they would take the chart and use every pivot as a starting point and then overlay them on top of each other. Then one could limit his/her trades to these areas of "confluence" when 2 or more lines almost sit on each other, they are so close! Then with software/charts like that we could make all the disbelievers keep quiet because then fibs would really work profitably, not just as a general area to use as a target because nothing else is there to go by.
How do I know this? Because I know a guy that draws fib lines by hand for 2-3 hours on just 2 or 3 different instruments and does all the above I mentioned and he makes a living doing it using nothing but a simple oscillator for entry and he does not get out until his target is hit. So people, anyone know where they rent or lease good charts like this? This guy to my knowledge does not use gann, no elliott waves, no arcs, no elipses. Just plain reracements and extensions and he sits in his pajamas all day and trades the SPY and maybe one or two forex pairs if mkt is slow. This guy lives to do Fib work. Here is one hint he gave me: The 78.6 is probably the most valid fib number a trader can use. Break thru that and its often LIGHTS OUT! I cant even find any forex brokerages that offer good fib charting. Do any of them even try? I'd open an account in 2 minutes if there was any reliable broker with a super fib package for free included!
How do I know this? Because I know a guy that draws fib lines by hand for 2-3 hours on just 2 or 3 different instruments and does all the above I mentioned and he makes a living doing it using nothing but a simple oscillator for entry and he does not get out until his target is hit. So people, anyone know where they rent or lease good charts like this? This guy to my knowledge does not use gann, no elliott waves, no arcs, no elipses. Just plain reracements and extensions and he sits in his pajamas all day and trades the SPY and maybe one or two forex pairs if mkt is slow. This guy lives to do Fib work. Here is one hint he gave me: The 78.6 is probably the most valid fib number a trader can use. Break thru that and its often LIGHTS OUT! I cant even find any forex brokerages that offer good fib charting. Do any of them even try? I'd open an account in 2 minutes if there was any reliable broker with a super fib package for free included!
