DislikedJust dicking around re-installing everything after a few viruses paid me a visit. Thought I'd try out a new drink, whisky, blackcurrant and water....taste like p1ss.
Oh no not the fib fans, it'll be Gann lines next.
MD.Ignored
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DislikedJust dicking around re-installing everything after a few viruses paid me a visit. Thought I'd try out a new drink, whisky, blackcurrant and water....taste like p1ss.
Oh no not the fib fans, it'll be Gann lines next.
MD.Ignored
DislikedHi Bartstop,
agree with all you have stated.
We should be headed back down for a re-test of the 0 line on the H4.
Supply will be tested a second time, and judging by the first test of this line, it is highly likely we will break to the downside and hit the extensions below.
Monthly trend is also down and we are coming from the 78.6 so the lows hit in September/October 2008 will be revisited as they are sitting at the 0 line.Ignored
DislikedMoving down we want to see if this last move after the rejection of the red fib is a retracement of the previous up move or not.If is just a retracement than if we apply a fib tool the inner levels will hold if not the we can expect the move to continue down.As you can see on the purple fib that levels didn't hold here.Once I have a candle close below (or above) the 61.8 level I consider that on that particular move the levels where not respected.Ignored
DislikedI like what I see. One question though, on you first 2 charts you fib a complete swing, a whole big move if you will. On your third chart you don't pull your fib at the bottom of the start of the move up at 1.4216. Have a look, if you do pull it from here you will see price is currently respecting the 61.8.......just, but for how long?
MD.Ignored
DislikedI like it. Another nice variation on a them. If you like the fibs guys, I think there's certainly plenty to choose from.
Speedarad, how successful are you with this?
MD.Ignored
DislikedCompass, fibbing the monthly from the July 08 high would put me in agreement with you but I would like to see a close below 1.3780 before I would be comfortable with this view. The Shennanigans in Greece are not boding well for the Euro.
Anything setting up nicely for the off lads?
MD.Ignored
DislikedHi MD, currently watching EURUSD which is testing the 0 line from previous daily candle.
Will take it short to the 138 once break is confirmed.Ignored
DislikedLooks like we're going to bounce around the 0 and 23.6 a little.
Asian session always bores me to death.Ignored
DislikedIm watching Eur/Usd also. Made 30 pips today on a Aud/Usd sell to the 1.382 fib ext. earlierIgnored
DislikedIm watching Eur/Usd also. Made 30 pips today on a Aud/Usd sell to the 1.382 fib ext. earlierIgnored