DislikedFor the benefit of GEfx here is the TED extension I posted, shown on a M15 chart. Check it for yourselves if you want.Ignored
Again, how did you make out on the trade using your predictive approach?
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DislikedFor the benefit of GEfx here is the TED extension I posted, shown on a M15 chart. Check it for yourselves if you want.Ignored
DislikedOK fair criticism. I misunderstood what you were saying.
However if you look at the projection it's the same ratio
for the retracement as the extension.
I'm not going to alter the first chart as I think it shows clearly what I was seeing at the time.
As you can see I posted it close up so the extension point is out of view. That was a mistake on my part.Ignored
DislikedTed
Just so I am clear, because I am not sure the point you are trying to make with your euro chart.
The retracement on the eurusd chart you posted missed the 38.2 fib by one pip on my data feed.
So after a 128 pip move this means that it missed the 38.2 fib by 0.78%,
Are you saying that fibs do not work based on them missing a retracement by 0.78%?
To be honest, if you want to pick an example of fibs not working then you could do better than picking a chart where the price misses the typical retracement point for this type of wave by...Ignored
Disliked
Personally I would take 99.22% accuracy of my turning points and profit levels now and every day going forward.
RegardsIgnored
DislikedThat seems to be a pretty big leap of faith you are asking of us. I think you would be better off just admitting you are BS'ing us. Come on, just say it. I am still wondering how many pips you made on the trade.Ignored
DislikedLook I posted what I posted (admitedly the first chart isn't the best view)
Go and check the chart for yourself. It worked.
Naturally all our data feeds will be slightly different so you might miss the TED retracement by a pip or two, but that's just market noise.Ignored
DislikedLook mate, go and look at your charts.
(I use Broco demo for charting as it has a wide range of instruments).
I thought it was taken as read that first extension is the same ratio as the retracement. Apologies if that wasnt clear.Ignored
DislikedSo I'm a liar becuase you say so, when all you've offered is charts with about 20 or more projections on each.
The first expansion is exactly the same ratio as the retracement.
As I've said I (mistakenly) thought this would be assumed.
Download Brocos demo and check for yourself.
I haven't edited any of the charts in hindsight so whats the beef?Ignored
DislikedStop calling me a liar, you have no justification.
I have explained myself to the full, and did not edit the charts I posted.
I don't need any explanation of your methods. I already understand them (better than you do, it would seem).Ignored
DislikedI think your statements here will be better judged by the participants of this thread. Again, and for the last time, how many pips did you make on that trade, Ted?Ignored
DislikedRead the edit in my previous post. I'm still in it.
This thread is not about individual trades.
Read through it, follow the links. You might learn something.Ignored
DislikedLOL -- the current retrace from the low of 1.3154 has hit the .50 fib and bounded off to return to the .386-- LOL. I am done toying with you, Ted. It took you a long time to come up with the "I'm still in it" line -- lol. This has been fun. I closed my trading station about an hour ago and chart are now off, as well. I hope everyone has a great trading day (even you, Ted!).
Edit: I have received several PM's with request for more info on the charts posted. I may post something on my journal later, so you can check there, OK?Ignored
DislikedTed,
I am still not getting your point of this demonstration on Euro chart
1. Your retracement and expansion is only 1.8% difference to the 38.2 fib so are proving nothing by using 37 as retracement and projection.
2. Well I hate to point it out but the way you are using the expansion is not the best way and is used really only for a secondary confirmation of levels. There are primary use of fib expansions is not this way.
So to me that you have demonstrated that the retracement was over 99% accurate to the most common fib retracement...Ignored