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PS..Keep listening to guys like T365, Big_Pipin, and Islander!!! They know there stuff!Ignored
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PS..Keep listening to guys like T365, Big_Pipin, and Islander!!! They know there stuff!Ignored
Dislikedim gonna try to post my first chart...i dont follow the euro but wanted to see what happened today...heres what i came up...btw i walked this fib to this point on the H1Ignored
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My question, is there anybody that could indicate me a good source to get familiar on that topic of walking fibs ?
If fibs can be drawn in many valid ways, how do we knwo that ours is correct ? is the 68.2 retracement respected a sufficient validation ?
Thank youIgnored
DislikedHi Md,
Fibs apply a ratio or scaling dependant on the distance between the...Ignored
DislikedMy pleasure Checkz.
Hey Skong where abouts in Australia do you reside ?
Seems like Md is freezing to death, I can understand why he needs
the antifreeze (i mean alcohol) running through his blood.Ignored
Disliked"A good indicator to whether the Fib is placed correctly is if the Fib lines are respected by the candle bodies(Not necessarily wicks)"
In post #5016 you made this statement can you elaborate more concerning this. Because I always thought the wicks were important but I do remeber Skunny talking about bad data or something like that, I wonder if he was referring to the wicks?Ignored
DislikedThe wicks on a candle represent the volatility in the pair, while the body tends to be where the real price is.
If your fib lines tend to run across where the body stops, then it is placed well, when the wicks touch a fib line, usually price is trying to get away from this area quickly.Ignored
DislikedHey Canetoad,
I'm in blues territory, Sydney.
Yes, seems like MD is having lots of snow.
Hey MD,
Greetings from Beautiful Sunny OZ!!Hope the antifreeze is helping.
SKIgnored
DislikedWe made it to the 50 inner fib..On the bar that took out the 50, volume came into the market. I'm away from home at the moment so I am relying on crappy futures bar charts, but this could be a sign that our turning point is here. It could also show that it's time to exit the market and get long (for you kids to figure out)
Good Trading,
Scotty B
I did not do any doctoring to this chart, but notice the new volume come in at the new low price made (fx futures are inverted because it's jpy/usd)..The volume came in at the extreme low (the 50%...Ignored
DislikedAre you still Skipper on that yacht? You don't fancy picking me up at Greenwich pier do you, it's brass monkeys here and I'm under 6 foot of snow.
MD.Ignored
DislikedHere you go......a classic Frankies Hour pull back after plenty of buying opportunities, price got short term over-bought as it touched the upper band - time to take profits and wait for a pull back. I pulled the fib shown and waited.....OK, so I then lost my connection......but what a classic short term move.....another buy signal wihich had a 35 pip profit potential.......Ignored