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  • #121
  • Jun 29, 2018 3:20am Jun 29, 2018 3:20am
First yesterdays chart, then todays. Then I shall try to answer questions. The 60min had a pretty lack luster day over all though there will have been some trades on say the 5 min. The white lines are the previous trend levels the blue are the new lines for a potential uptrend.

Overnight price popped quiet nicely and has found resistance at one of yesterdays lines and a projection upwards for today. We are close to a 38.2 which may give support I am looking to buy on bullish price action at this level.
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  • #122
  • Jun 29, 2018 3:32am Jun 29, 2018 3:32am
Quoting moneymagnet
{quote} so for tomorrow June 29th, do we use the high and low (for dat) from June 28th?? Thanks
We continue analysing the same downtrend until we get a reversal, we may be seeing the start of a 60 min uptrend. Kindly view the latest charts posted.
  • #123
  • Jun 29, 2018 3:39am Jun 29, 2018 3:39am
Quoting Rafaz1
Excellent thread.... Im also big on Fibonacci but my question is does this fib always have to be drawn manually each day as mt4 will not remember or save it (actually it might) I was just thinking is there not a fib indicator that can plot this automatically? Thanks guy
I thought MT4 saved your work, did you press the save option when shutting down MT4.
No there is no EA or to plot this for MT4 or Ninja. This method is my own and I am not getting involved in EA's or programs.
I am winding down my trading to just small spreadbets. Though should I become reinvigorated who knows. Perhaps viagra might help
  • #124
  • Jun 29, 2018 3:47am Jun 29, 2018 3:47am
Hi All,

Please advise where I can get 25 delta RR up to date info and/or PUT/CALL ratio for major pairs .


Thanks and profitable Fraday
  • #125
  • Jun 29, 2018 4:32am Jun 29, 2018 4:32am
Yesterday EUR/USD Reversal continues.... Mark- up
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  • #126
  • Jun 29, 2018 4:45am Jun 29, 2018 4:45am
OK a video is to be made detailing this process hopefully next week but questions have arisen regarding the initial datum. Having looked at this issue I think I have found an approach all can employ and understand. It fits the original model.
The first chart shows the basic model.
The second shows the golden mean at 61.8% which in this case would be the datum for an uptrend. Reverse for a downtrend. We only measure the bar with the lowest low
It may be possible as somebody suggested to only employ the fib retracement tool but I must check this out
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  • #127
  • Jun 29, 2018 4:48am Jun 29, 2018 4:48am
Quoting stoqn4444
Hi All, Please advise where I can get 25 delta RR up to date info and/or PUT/CALL ratio for major pairs . Thanks and profitable Fraday
Sorry I don't know. When I traded options I was drawing charts by hand, the internet had not been invented and both Black & Scholes were in nappies.
  • #128
  • Jun 29, 2018 5:36am Jun 29, 2018 5:36am
Hi Nut,

A couple of questions .

1. At what point do you say that we have now changed to the opposite trend and draw a fib in the opposite direction?

2. On your hourly chart today, why did you place the datum point so high up? Is it just be sure it is you see on or third datum point in the draw?

3. I see that you keep the previous drawings of the initial trend on the chart. Do you look for targets with those previous levels?

Thank you
  • #129
  • Jun 29, 2018 5:54am Jun 29, 2018 5:54am
Hi Nut. Very interesting method. Thank you.

How do you determine the high/low starting a new trend for measuring?

Thanks again.
Newbies be warned of emmanuel7788. Hes not true.
  • #130
  • Jun 29, 2018 6:11am Jun 29, 2018 6:11am
Just a thought ? i have still no idea with the initial setting ?
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  • #131
  • Jun 29, 2018 6:35am Jun 29, 2018 6:35am
Quoting Dd111
Hi Nut, A couple of questions . 1. At what point do you say that we have now changed to the opposite trend and draw a fib in the opposite direction? 2. On your hourly chart today, why did you place the datum point so high up? Is it just be sure it is you see on or third datum point in the draw? 3. I see that you keep the previous drawings of the initial trend on the chart. Do you look for targets with those previous levels? Thank you
1) General price action, plus reversals from 38.2% on charts say 240 to 360min long for major reversals.
2) Not certain what you mean post 126 may help
3) These lines can act as both support and resistance, however it is not essential to leave them on as levels can be found by analysing in the opposite direction.
  • #132
  • Jun 29, 2018 6:38am Jun 29, 2018 6:38am
Quoting Malony
Hi Nut. Very interesting method. Thank you. How do you determine the high/low starting a new trend for measuring? Thanks again.
Don't know if you have studied the whole thread but a video is planned shortly to clarify issues. Meanwhile take a look at post 126
  • #133
  • Jun 29, 2018 6:59am Jun 29, 2018 6:59am
Quoting Nut
First yesterdays chart, then todays. Then I shall try to answer questions. The 60min had a pretty lack luster day over all though there will have been some trades on say the 5 min. The white lines are the previous trend levels the blue are the new lines for a potential uptrend. Overnight price popped quiet nicely and has found resistance at one of yesterdays lines and a projection upwards for today. We are close to a 38.2 which may give support I am looking to buy on bullish price action at this level. {image} {image}
shouldn't the datum be a .16010, yesterdays high before the pop?
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #134
  • Jun 29, 2018 6:59am Jun 29, 2018 6:59am
Hi Nut,

Simple question about the dynamic of this tool.

Because we use as starting point for drawing the fibos always the same last swing low ( for an uptrend ), and the ending point is far and far away from starting point ( as price go up and pass 61.8% of the last known fibo ), we will obtain fibos bigger and bigger. And eventually, one of the 38.2% lines of a bigger fibo will trigger a reversal.

Is this correct ?
  • #135
  • Jun 29, 2018 7:06am Jun 29, 2018 7:06am
Spot on, these show up clearly on time frames longer than 1Hr, I would suggest you take a look at some weekly and monthly. Price is price.
  • #136
  • Jun 29, 2018 7:10am Jun 29, 2018 7:10am
Quoting OAPDave
Just a thought ? i have still no idea with the initial setting ? {image}
Hi OAPDave, hopefully these charts will clear things up. Sorry for the slow response. Certainly when the video is posted it will clear up everything.
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  • #137
  • Jun 29, 2018 7:14am Jun 29, 2018 7:14am
Quoting forexcentric
Hi Nut, Simple question about the dynamic of this tool. Because we use as starting point for drawing the fibos always the same last swing low ( for an uptrend ), and the ending point is far and far away from starting point ( as price go up and pass 61.8% of the last known fibo ), we will obtain fibos bigger and bigger. And eventually, one of the 38.2% lines of a bigger fibo will trigger a reversal. Is this correct ?
Spot on, these show up clearly on time frames longer than 1Hr, I would suggest you take a look at some weekly and monthly. Price is price.

  • #138
  • Jun 29, 2018 7:29am Jun 29, 2018 7:29am
Quoting Nut
{quote} Spot on, these show up clearly on time frames longer than 1Hr, I would suggest you take a look at some weekly and monthly. Price is price.
Thank you!
Cool thread!
Vaccine against indicators!
  • #139
  • Edited 8:05am Jun 29, 2018 7:44am | Edited 8:05am
Quoting Nut
{quote} Hi OAPDave, hopefully these charts will clear things up. Sorry for the slow response. Certainly when the video is posted it will clear up everything. {image} {image} {image}
Thank you
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  • #140
  • Jun 29, 2018 8:22am Jun 29, 2018 8:22am
Quoting Nut
{quote} 1) General price action, plus reversals from 38.2% on charts say 240 to 360min long for major reversals. 2) Not certain what you mean post 126 may help 3) These lines can act as both support and resistance, however it is not essential to leave them on as levels can be found by analysing in the opposite direction.
Thank you for your answers.

Sorry about question 2 the auto spell on the phone made it impossible to understand. Let me try again.

If you use the high of the initial swing low at the bottom of the Euro chart you will wind up with a datum line at around 1.57. Then if you continue plotting the new datums at the 61.8 which is broken I wind up with a final datum at 1.16. I am not sure why your datum is so high up on the chart?

Also in terms of a reversal, do you ever look at a breach of the new datum in the opposite direction as a sign of a true reversal? For example the final datum line on the way down for the Euro I had at 1.159. It hit the 38.2 and rejected it and started traveling north. Do you use this sign?

Thank you in advance.
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