dont see a skunny fib indicator??????
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Disliked1 Right click "chart".
2 Left click "objects list".
3 Check "fibo" and close.
4 Right click the little white box that just appeared on your fib.
5 Left click "fibo properties".
6 Right click the level you want deleted and click "delete".
7 Click "add" and type in the level you want added ie "138.2" type 138.2 in description also.
8 Click ok.Ignored
DislikedAttached is a 1hr chart of GBP/USD.
I just used the latest swing up to get my fib levels...but instead of looking for a fib retracement to buy on a dip, I look at what happens when the low of the swing is penetrated.
You can see once the low is penetrated it trades down and through the 1.38 level almost exactly to the 1.618 level.
Maybe by plotting the fibs on each latest swing and only trading the breaks of the highs/lows of the swing and setting initial targets at the 1.38 level is the way to go.
I have ignored the other timeframes projections and just concentrated on the 1hr for this projection.Ignored
DislikedHi all,
Happy New Year to everyone. I am getting a kick out of these posts and wondering why it took so stinking long to see this.
Anyway, a thing of beauty on this chart. From R to S, up to the 162 Retrace and then all the way back to the 162 Ext although I have the fib drawn upside down...don't shoot me!. Do you think this thing covered the full cycle in the same day? I really don't know the answer to what consitutes a cycle but I think I am close.
May the pips be great in 08'
DanielIgnored
DislikedThe daily chart shows a clear downtrend with a drift that triggered short. It does not get any simpler then this...
http://img132.imageshack.us/img132/8329/gbpusdlr0.pngIgnored
DislikedIf GU trades below 1.9820....will go to 1.9655. If range then up tp 1.2065Ignored
Disliked1.2? get outta dodge! someone is a big snorting bull on the greenback or a typo fiend after my own heart
I broke stride and went with the 1H tf after listening to Skundizzle and netted over 500 pips and floating since last night.
Those last posts basically finished me up ( I think) and cleared up the last of my questions( until the next one)
It dovetails everso nicely with how I trade and adds a bucketload of BAM!
Thank you Skunny.Thank you this has been the most fun I have had trading in a long time and the reason I signed up to these forums after ages of just using FF for econ data .
If you have anymore things I would be willing to test the coconuts out of them and I have a couple theoretical questions outstanding that don;t change my p/l so much as I just need to figure them out or go capt insane-o
SizzIgnored