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A little bit of give back

  • #241
  • Jul 6, 2018 8:15am Jul 6, 2018 8:15am
Quoting raedmaa
{quote} you say that the 38.2 is the defining point between an up trend and down trend -- can you elaborate more on this? What open the price for the 61.8 target? is it a close above or penetration or just touch of the 38.2 level? or is it price action? and when do i have great certainty that the price is reversing and going down? close or penetration of the 100 level?
A bounce from or pullback from the 38.2% can be the opening gambit for a move in the opposite direction. You must decide for yourself based upon your trading method. Sadly nothing is certain in life. You could used 38,% to book a profit only to see the trade take off. It is a level where you must exercise caution.
  • #242
  • Jul 6, 2018 8:19am Jul 6, 2018 8:19am
Thank a lot sir level working just extraordinary
Attached Image (click to enlarge)
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  • #243
  • Jul 6, 2018 8:23am Jul 6, 2018 8:23am
Quoting metta87
{quote} Hey Nut, thanks for the give back. But how about putting up a trade explorer or myfxbook ?
Hi metta87, I started this thread to try and help people use Fib accurately. I shall not be posting trades for two reasons 1) I am in the process of retiring and therefore cutting back drastically on my trading.
2) As you now have the method how about you posting trades using the method. I think this would be a useful way forward for the thread and people to practice. They do not have to be real trades dummy is fine. You shift to live only if and when you choose to do so.
Trading is all about accepting responsibility for your own actions and decisions.
  • #244
  • Jul 6, 2018 8:24am Jul 6, 2018 8:24am
Quoting badeel
Thank a lot sir level working just extraordinary {image}
Rock on Tommy, your a pinball wizard
  • #245
  • Jul 6, 2018 8:46am Jul 6, 2018 8:46am
Quoting Nut
{quote} 2) As you now have the method how about you posting trades using the method. I think this would be a useful way forward for the thread and people to practice. They do not have to be real trades dummy is fine. You shift to live only if and when you choose to do so. Trading is all about accepting responsibility for your own actions and decisions.
Actually how about YOU do it since it is your thread and you are the one that want to give something back. If this thing works you should have no problem posting an explorer
  • #246
  • Jul 6, 2018 8:49am Jul 6, 2018 8:49am
[quote=metta87;11236336]{quote} Actually how about YOU do it since it is your thread and you are the one that want to give something back. If this thing works you should have no problem doing it.[/quot

I have explained why I won't do it. You have a choice to either trade it or move along. Don't expect others to do the work for you.
  • #247
  • Jul 6, 2018 8:59am Jul 6, 2018 8:59am
Quoting Nut
{quote}I have explained why I won't do it. You have a choice to either trade it or move along. Don't expect others to do the work for you.
You won’t simply cause it doesn’t work, and i bet you know it.
  • #248
  • Jul 6, 2018 9:42am Jul 6, 2018 9:42am
Interesting concept. It would be interesting to see charts of real trades that shows how precis entries and exits are determined once the 38.2 fib level has been reached. Nut says he uses price action - so he doesn't pull the trigger immediately 38.2 comes in to play. Is it on completion of the first opposite candle or what? Where/why stops are placed and what the r/r ratio is. Nut has said he doesn't want to do it. Does anyone have complete trade examples to share here?
Measuring and climbing up/down the trend is the easy bit.
  • #249
  • Jul 6, 2018 10:16am Jul 6, 2018 10:16am
Quoting autobob
Interesting concept. It would be interesting to see charts of real trades that shows how precis entries and exits are determined once the 38.2 fib level has been reached. Nut says he uses price action - so he doesn't pull the trigger immediately 38.2 comes in to play. Is it on completion of the first opposite candle or what? Where/why stops are placed and what the r/r ratio is. Nut has said he doesn't want to do it. Does anyone have complete trade examples to share here? Measuring and climbing up/down the trend is the easy bit.
I agree I have shown you an easy method but I cannot and will not define your trading style. Without wishing to sound abrupt you can define your own style logically using the Fib expansion or spend good money on a crap book and let somebody else define you. I shall attach a chart that may spark some ideas that fit with the basic model. Between the -100 and zero line can you spot any opportunities to enter positions in line with the model.
Attached Image (click to enlarge)
Click to Enlarge Name: First Projection.png Size: 107 KB
  • #250
  • Jul 6, 2018 10:18am Jul 6, 2018 10:18am
Quoting metta87
{quote} You won’t simply cause it doesn’t work, and i bet you know it.
Don't use it then simple as.
  • #251
  • Jul 6, 2018 10:19am Jul 6, 2018 10:19am
For my part this thread is now closed so you need to take what you can from it and experiment.
Good luck to you all

Nut
  • #252
  • Jul 6, 2018 10:27am Jul 6, 2018 10:27am
Quoting Nut
{quote} Don't use it then simple as.
If it’s worthless don’t share it.
  • #253
  • Jul 6, 2018 10:37am Jul 6, 2018 10:37am
Quoting Nut
{quote} Hi radedmaa The only way I can replicate your results is by using the Fib retracement tool rather than the Fib expansion tool. The expansion tool must be used to maintain the correct proportions {image}
Isn't fib exp is the same as retracment with the third exp point is on the 0 line ?
Attached Image (click to enlarge)
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  • #254
  • Jul 6, 2018 10:42am Jul 6, 2018 10:42am
Quoting Nut
For my part this thread is now closed so you need to take what you can from it and experiment. Good luck to you all Nut

Just ignore him nut -- don't even respond to him -- he's a troll.
  • #255
  • Jul 6, 2018 11:10am Jul 6, 2018 11:10am
Quoting raedmaa
{quote} Isn't fib exp is the same as retracment with the third exp point is on the 0 line ? {image}
Yes it is. The third point simply defines the level to project from. Normally, people would link that third point to a retracement, from which the levels would be projected. All Nut is doing, is moving the third point level with the second point. Whether you use the retracement or expansion tool is irrelevant. Both measure the same range and then project levels based on percentages of this range.
  • #256
  • Jul 6, 2018 11:55am Jul 6, 2018 11:55am
Quoting raedmaa
{quote} Isn't fib exp is the same as retracment with the third exp point is on the 0 line ? {image}
Raedmaa please review the attachment showing an expansion beside a retracement. As you can see you did not plot the 200% level on the retracement tool but lept directly to 2.618 which created the error cheers
Nut.
Attached Image (click to enlarge)
Click to Enlarge Name: Compare.png Size: 110 KB
  • #257
  • Jul 6, 2018 12:57pm Jul 6, 2018 12:57pm
Quoting Nut
{quote} Raedmaa please review the attachment showing an expansion beside a retracement. As you can see you did not plot the 200% level on the retracement tool but lept directly to 2.618 which created the error cheers Nut. {image}
I don't understand what are you talking about -- it wouldn't matter if i plotted 200% or not --- It wouldn't matter if i plotted an infinite amount of levels.
  • #258
  • Jul 6, 2018 1:32pm Jul 6, 2018 1:32pm
Quoting Nut
{quote} I agree I have shown you an easy method but I cannot and will not define your trading style. Without wishing to sound abrupt you can define your own style logically using the Fib expansion or spend good money on a crap book and let somebody else define you. I shall attach a chart that may spark some ideas that fit with the basic model. Between the -100 and zero line can you spot any opportunities to enter positions in line with the model. {image}
Hey Nut see your getting busy over here .. i wanted to chip in my style of trading does not fit in with fibs, i have tried but thats the way it is - in no way does it detract from the amazing effort your putting into this thread infact i had hoped that the fibs would fit in with my style and system but hey pips is pips right.
  • #259
  • Jul 6, 2018 1:46pm Jul 6, 2018 1:46pm
Quoting dean1star
{quote} Hey Nut see your getting busy over here .. i wanted to chip in my style of trading does not fit in with fibs, i have tried but thats the way it is - in no way does it detract from the amazing effort your putting into this thread infact i had hoped that the fibs would fit in with my style and system but hey pips is pips right.
Quite right it is only about pips at the end of the day
  • #260
  • Jul 6, 2018 2:08pm Jul 6, 2018 2:08pm
Hello, This is for Nut. I have seen many Threads here on forexfactory, whenever an OP starts a thread, you see people and some members always say its not working. All i want to tell you is that, don't listen to naysayers. They are always lurking around.

You might be a blessing for a whole lot of people. Just respond to those that appreciate your work. I believe they can't get to you as you are experienced and can easily predict their vices.

Happy preparation for your retirement. Keep helping as much as you can till it's all done.

Cheers.
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