The Jigaro Fibonacci Market Timer principle is based on the Dow theory, the Elliot Wave principle and the Fibonacci percentages. Even though there is no absolute certainty in the market, the use of this tool in combination with the proper technical analysis, will greatly enhance your chances at making better investing decisions.
The swing low percentages as well as the upside price projections are quickly calculated for you. You simply enter the low, high and direction of the trendline. If you have the communication enabled then the low, high and direction of the trendline is automatically imported as you draw trend lines in the System Fibonacci software.
How to use it:
The Fibonacci Market Timer is very easy to use. You simply need to identify and
enter a trend's high low. Press the calculate button and all the major retracements
and projections get computed according to the Fibonacci percentages.
Press the new trend menu button (green arrow in picture above) to start a new trend.
Enter a symbol for your ticker (necessary only if you intend to save this ticker),
and the Start and End prices for your trend.
Trend High and low and the calcuate button.
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Connecting to the Market Timer from System Fibonacci
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The Market Timer can connect with the System Fibonacci charting software and automatically receive and
calculate trend data as it gets charted live.
Retracement calculations By clicking on any of the projection levels you
can make that price the
actual retracement level. The projection calculations
are based on the actual retracement level.
If you want to base the projections
on a retracement level that is different than
any of the calculated
retracements,
then you can simply enter it in the actual reversal point:
Projection calculations Similarly, you can click on any of the calculated projection levels
qand the chart will
readjust accordingly. The green and red arrows are used to
change the direction
of the trend projection,
offering the flexibility of the various
possible scenarios of trend behavior.
An Example:
The best way to illustrate the usefulness of the Fibonacci Market Timer is with an example. Lets study for instance the price action of QCOM over the several years. Starting in May 2003, QCOM established an upward trend line with a low of 14.38 and a high of 44.23. The trend line was drawn using the System Fibonacci FX software:
Given the trend figures, the Fibonacci Market Timer estimated a retracement level
32.83 with an upside projection of 51.28 (see green and red arrows in figure below).
QCOM did in fact find support on several occasions at that level (1 and 2 above)
and did reach a near term top close to 52.52 in May 2005 (3 above).
Ticker Notes:
An improved note taker was added with version 3.0.0.9. Just like
wordpad, if allows different fonts and colors. Copy and paste financial news,
charts, insert images from your desktop or type your own notes. Print your notes
or share them with the Export feature. Your team members
or colleagues can then import your exported notes file into their own Fib Market
Timer software.
So as you can see, the Fibonacci Market Timer can help you make better trading decisions.
Download it and give a try. You may
contact us at any time should you have any questions or suggestions.
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