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- Joined Feb 2006 | Status: Blah blah blah | 1,410 Posts
The breaking of a wave cannot explain the whole sea.
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
Trading = a mirror to your human flaws. Fix them or be fixed.
Trade Outside the Box (TOTB) 547 replies
Thinking Outside the Box!?! 658 replies
Think outside the box- The big picture tech analysis 0 replies
Definition of Bullish Outside Engulfing and Bearish Outside Engulfing 3 replies
Think Outside the Box 26 replies
DislikedDuring the last couple of months I've learned a great deal from the good ole factory. I want to thank Skunny for his indicator free thread. It opened my eyes to the possibility of trading with surgical precision; to the pip. Since that thread started back before Christmas I've been studying my rear end off looking at charts and have been doing things as unorthodox as I could.
I have found some fascinating things that I want to share with the FF community. Also I want this thread to be dedicated to finding new things in the Forex. Lets try thinking of the market in new ways. I by no means want to do away with the ground we already stand on but lets take what we have and move forward with it.
I want those of you who are interested to think outside the box. It would be awesome if you 'experts' out there add in your wisdom here as things evolve.
I'll start the thread with a quote that often motivates me in my madness:
"I have no special talent. I am only passionately curious."
-Albert Einstein
I suppose curiosity is what will fuel this thread.
My first contribution: Did you people out there know you can Fib moving averages and successfully trade off of them? It can be a simple or exponential MA, although I prefer to fib 15 period EMA's. If the MA gets to smoothed its hard to pick out high and low points on the line. When you do this, follow the candles and not the MA line. It's a way to get in as soon as possible on what is commonly believed to be a lagging indicator.
See chart below: I'll post more of my discoveries as time warrants.
Ignored
DislikedScotty sounds interesting but i couldnt make out how are you fibbing 15ema? thanks
regardsIgnored
DislikedIt's good that your thinking outside the box, but your ending up with so many lines on your charts that something is bound to happen close to one of the lines. This means that you can never be sure that a particular reaction to a line is meaningful or just something that randomly happened. My gut reaction to the RSI thing is that putting a Fib on an indicator which is pretty much useless in todays markets is not going to result in anything worthwhile.
If you really what to think out of the box, ditch the chart, it's all just numbers.Ignored
DislikedHi Scotty,
Like cycles of price the market also has cycles of time as you said, they are a bit different and harder to analyze than price but they do exist indeed, there is no question about it, I use them and are part of my method.Ignored