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A little bit of give back

  • #261
  • Jul 6, 2018 2:14pm Jul 6, 2018 2:14pm
Thank you I shall continue to help the real players on FF if I can.
Have a great weekend everybody.
  • #262
  • Jul 6, 2018 2:36pm Jul 6, 2018 2:36pm
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}
It's not the tool or using it the wrong way. We really have different data. Our measured swing is larger, that's the problem.
Many thanks Nut, I appreciate your work!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 32 KB
  • #263
  • Jul 6, 2018 3:06pm Jul 6, 2018 3:06pm
Quoting Retep
{quote} It's not the tool or using it the wrong way. We really have different data. Our measured swing is larger, that's the problem. Many thanks Nut, I appreciate your work! {image}
Yes ... i think nut have to give us more than this .. this is just fib tool explained nothing else.

-
  • #264
  • Jul 6, 2018 6:33pm Jul 6, 2018 6:33pm
Quoting Nut
Thank you I shall continue to help the real players on FF if I can. Have a great weekend everybody.
Hi Nut,

Do you measure from swing low to previous swing high? I still think its not clear how you are choosing your initial points.

In some posts you use swing in others you just use the range of last candle like in the picture?? Are you able to provide some clarity please
Attached Image
  • #265
  • Jul 7, 2018 4:27am Jul 7, 2018 4:27am
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}
I've only been trading since 2006 (joined FF in 2009) - a novice compared to you but in that time I have managed to create a trading style - without buying any crap books too. I look at FF (amongst other sites) quite often whilst waiting for trading opportunities to occur - using my trading styles of course. I rarely comment on the vast array of other people's trading ideas that crop up here on FF - but it is fun reading them, helps to pass the time and great entertainment at times.

As I said, I thought your contribution was an interesting one at first - but it is only a variation of the use of fib tool. It is just as hit and miss as other any other use of it really.

I think a man with your vast knowledge could give your followers a little more than just a variation of the use of fibs.

Good luck to you in your retirement and I wish your followers every success.

Moving on.
  • #266
  • Jul 7, 2018 5:10am Jul 7, 2018 5:10am
Quoting gavblaze
{quote} Hi Nut, Do you measure from swing low to previous swing high? I still think its not clear how you are choosing your initial points. In some posts you use swing in others you just use the range of last candle like in the picture?? Are you able to provide some clarity please {image}
Both methods will work but measuring the last swing low to swing high is quicker. remember every length has a golden mean at 61.8% followed by a 38.2% which equals 61.8 + 31.8 = 1 but the ratio of the two distances will be, 61.8/38.2 =1.618 : 1. It's this ratio you are trying to maintain.
  • #267
  • Jul 7, 2018 5:22am Jul 7, 2018 5:22am
Quoting autobob
{quote} I've only been trading since 2006 (joined FF in 2009) - a novice compared to you but in that time I have managed to create a trading style - without buying any crap books too. I look at FF (amongst other sites) quite often whilst waiting for trading opportunities to occur - using my trading styles of course. I rarely comment on the vast array of other people's trading ideas that crop up here on FF - but it is fun reading them, helps to pass the time and great entertainment at times. As I said, I thought your contribution was an interesting...
Yes, it's only a variation and as you know there are many. I like this method because it consistently uses the basic concept of the golden mean in line with Fibonacci's original work. Trust me when I say if I knew the holy grail I would tell you. If I were a Guru then I would write a book and charge silly amounts of money. As for the subject of Fibs I have no more to give. Your acknowledgment of my knowledge and experience is greatly appreciated thank you. I wish each and every one of you success with your trading

Regards
Nut
  • #268
  • Jul 7, 2018 6:03am Jul 7, 2018 6:03am
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}
Let me give a try, when price bounced off the -61.8 line a few times indicating support, we can enter a long.
But I am not sure which Fib level we shld target, I guess the minimum would be the 38.2 line.
  • #269
  • Jul 7, 2018 10:00am Jul 7, 2018 10:00am
Quoting steven21
{quote} Let me give a try, when price bounced off the -61.8 line a few times indicating support, we can enter a long. But I am not sure which Fib level we shld target, I guess the minimum would be the 38.2 line.
Basically yes but we are looking to maintain a ratio of 1.618. -61.8 is the same as positive 38.2 up from -100. ( -100) - 61.8 = +38,2 so a minimum target should be in this case the 0.00 level as we still have 61.8% to add to 38.2 to establish a bullish relationship of 1,618. Once again 61.8/38.2.
  • #270
  • Jul 7, 2018 9:58pm Jul 7, 2018 9:58pm
Quoting Nut
So now after the golden mean in the last chart it is reasonable to expect a further 38.2 expansion from the golden mean. The expansion can be seen in this chart. Price has become trapped at this level as the sheep stealers and horse rustlers battle it out. This 38.2% level is the defining point between the uptrend or downtrend. Have I cleared things up or baffled everybody. No offence intended but it may take a little time for the concept take hold. {image}
Hi Nut, if we are thinking that price is reversing at the 38.2 line in the image, we should target the -61.8 line?
Thanks.
  • #271
  • Jul 8, 2018 8:28am Jul 8, 2018 8:28am
Hi Nut,

Big THANK YOU! There is value in this thread!
In management there is a saying:"You can only please some of the people some of the time".
So connect your sensibility only to these ones. The others don't count so much for you!
Go England!
  • #272
  • Jul 8, 2018 1:54pm Jul 8, 2018 1:54pm
Quoting forexcentric
Hi Nut, Big THANK YOU! There is value in this thread!
I completely agree. This way of using Fibonacci was not know to me and it has added in my trading strategy a very simple tool to get reliable targets. I am truly thankful to Nut for sharing this method. So Nut, please continue your guidance as your contribution is highly appreciated by many.
  • #273
  • Jul 9, 2018 2:40pm Jul 9, 2018 2:40pm
eurusd 1h - right on cue
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 61 KB
  • #274
  • Jul 9, 2018 10:59pm Jul 9, 2018 10:59pm
Personally i think the thread starter has gone above and beyond what is owed to the whiney bitches above

study what he’a shown you for 5 years on your own then start complaining

lazy ... but thats why you’re here anyway hey

thanks nut... great to see something new to explore

Inserted Video


tell em to get f =p
Time hides Nothing
  • #275
  • Jul 10, 2018 2:23am Jul 10, 2018 2:23am
Quoting Retep
{quote} It's not the tool or using it the wrong way. We really have different data. Our measured swing is larger, that's the problem. Many thanks Nut, I appreciate your work! {image}
Yes, and even like this, the trading decision would be the same.
That's what I like at this tool: different starting points ( last extreme bar or last extreme move ) go into ( almost ) the same levels. Different data go into ( almost ) the same trading decision.
And of course it's leading, not lagging. And it's simple.
Smart!
  • #276
  • Jul 11, 2018 12:04pm Jul 11, 2018 12:04pm
Nut
Well done for sharing your work. Fibs work because so many people use them (as I am sure you appreciate). You use fibs in an interesting way and I will not comment on if that is better or worse than any others. It is not the tool that is being used that makes a master craftsman but the years of experience the craftsman has built up on the journey (combined with his innate capabilities). Early on you talk about your success being down to using targets - this is interesting and would I suspect be very useful to hear more about. A traders psychological approach is probably one of the most important differentiators between success and failure. It sounds to me like you have a plan you have developed and operate with the conviction and mindset to carry it out to success - something most of us get wrong. Would loove to hear your thoughts. regards R.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #277
  • Jul 11, 2018 4:22pm Jul 11, 2018 4:22pm
Quoting ikdenk
eurusd 1h - right on cue{image}
Excellent well done
  • #278
  • Jul 12, 2018 6:16am Jul 12, 2018 6:16am
Not sure why you bother mate...
  • #279
  • Jul 14, 2018 8:28am Jul 14, 2018 8:28am
hi Nut,

what do you mean with 'keeping the measurement horizontal'?
measuring the lenght of swing is vertical for me, i don't get it
measuring the lenght of a swing or a candle (last one including shadows) seems doesn't matter?
Money is made by sitting, not trading. Jesse L. Livermore
  • #280
  • Jul 14, 2018 4:29pm Jul 14, 2018 4:29pm
Quoting sam69
hi Nut, what do you mean with 'keeping the measurement horizontal'? measuring the lenght of swing is vertical for me, i don't get it measuring the lenght of a swing or a candle (last one including shadows) seems doesn't matter?
This does not apply to the MT4 fibonacci tools, it only applies to the charting package that Nut uses.
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