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Still impressed w/ the indicator although it does have a learning curve, and isn't really "ready" to use out of the box.
However, the creator has a list of some recommended settings to avoid chop, and these do help you get on the right track.
The one detractor to all of this, in my opinion, is a common place to interact with other users and discuss setups/settings/etc. The creator has a forum advertised on the website which is not functional, and I have recommended a chat room/skype chat, or even a private chat setup by myself (for free) for others to use. So far, I haven't gotten much traction, but hopefully they add some form of communication for users in the near future.
I spoke w/ one other user today after some internet investigation to find another user I could contact, and just one exchange with one other user was very helpful.
Can you help answer these questions from other members on NexusFi?
Hello @1zach4
What indicator is it you speak of? Sorry if off-topic, just confused easily
charts(pics speak) words are obsolete. No intent of rudeness just simple and direct.
Thanks
Exactly, I think your observations are correct. ;)
Suggested profit targets are the golden, green, blue and red lines with the price markers on the y-axis (which disappear if the market just traded through these levels), depending on how many contracts …
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
This thread is about autotraderninja.com and they sell a fib indicator...didn't think I needed to clarify after so many charts had already been posted.
Had some technical issues, but they appear to have been isolated to one single chart. Ben and his partner tried to help, but none of us understood why we could duplicate one thing on their end but not on mine, so it got a little tense.
Either way, the issue is resolved, indicator working as it should. Although I still recommend a chat room for users.
I watched a ton of the vids today. Definitely not promising a silver bullet which is fantastic. Of course the vids are sped up but that guy is like a duck in water drawing trend lines.
Definitely not a rookie tool but it sure looks like a fantastic tool if you use fibs a lot and would be plotting those points anyways.
Anyone bought it and had any results positive or negative (well taken it out of sim trading to the real thing)?
I have this system, it's pretty decent, does come with automation for a monthly fee.
The lines look to be similar to the 4 and 9 tenkensan and kijun so I guess you could almost call it as successful as an ichimoku based system can be.
If you overlay ichimoku on it and filter out some of the crossings (they're doing TK crosses and jumps off the 50 and 200) then you can do good with it. Just like ichimoku it has an eerie way of calling targets, it's really actually stunning. I personally use the proplus version that allows you to use ATR stops and targets vs the standard ones.
Definitely not a holy grail system but really not bad.