Auslanco - GBP/JPY and GBP/USD (newstrade)

Quoting Richardj

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That seems strange.... really? But even though I've got very little experience in doing fibs - only about a week's worth - I've many times drawn from the same price to the same price for those three different time intervals - and I've NEVER got the same results for all three - or even anywhere near it (for all three).

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Quoting auslanco

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around 231

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Quoting auslanco

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its a combination of many indicators,S/R etcetc.. gives you arrows.. so very easy to spot. I will post it once I finish testing.. Hoping to post it in another 3 weeks , 1 day before I go for my 1month holidays. so I dont have to answer million silly questions:

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Quoting gau2902

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what was your entry point for long positions?

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Quoting brucehvn

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Well fib lines are just mathematical calculations based on the high and low number you input. You could setup a spreadsheet to do the same thing. Whatever numbers you input for the high/low, the calculations are the same regardless of time frame. Time has no part of the equation.

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Quoting auslanco

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No current open position for long..

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Quoting auslanco

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everyone who wants to know everything and anything about this 5000 pips per month strategy, please PM bill77. He will also give you $1000 for every single PM he receives.

Now lets see how you going to handle this:

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Quoting bill77

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ok, just trying to contribute.

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Quoting Richardj

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Mmmm... well, I must have been doing terrible measurements before, to have always returned different results, then!

But then what is the point (if I understood him correctly) of Karmo saying that he measures fibs in different time scales?

And as for confluence... if you are correct, then I assume that 'confluence' would mean similar prices for different % fibs, right?

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Quoting Richardj

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Mmmm... well, I must have been doing terrible measurements before, to have always returned different results, then!

But then what is the point (if I understood him correctly) of Karmo saying that he measures fibs in different time scales?

And as for confluence... if you are correct, then I assume that 'confluence' would mean similar prices for different % fibs, right?

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Quoting auslanco

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Just joking mate.. You been a great help to me. do you use VT??

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Quoting Richardj

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Karmo, you measure from and to the same two prices, for different time scales, don't you?

(re the response just now, saying that I'm bound to get the same results from different time intervals).

Did you find that you got the same 'matching' three prices that I gave you just now, for the 1, 4 and 8 hours on this latest bull run?

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Quoting brucehvn

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On different timeframes, your swing high and swing low that you use to draw the fib lines are usually somewhat different. Karmo might start with the weekly chart and he draws fibs from a swing high and swing low there which might correspond to several months of activity. Then he'll go to the daily chart and find the swing highs and lows he wants to draw there. As you go down in timeframe, you see more swing highs and lows that were not present on the higher timeframes. Just like the weekly chart consolidates 5 daily bars into one bar. You can't see the daily swing highs and lows on the weekly chart, you have to go to the daily to find them. So you work your way down to the 4H chart drawing these fibs and look at the end result. You will usually have confluence from the different timeframes at points. I'll attach an example from my chart with fibs drawn from the weekly, daily and 4H charts. Karmo gives good examples in his strategy thread too.

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Quoting brucehvn

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On different timeframes, your swing high and swing low that you use to draw the fib lines are usually somewhat different. Karmo might start with the weekly chart and he draws fibs from a swing high and swing low there which might correspond to several months of activity. Then he'll go to the daily chart and find the swing highs and lows he wants to draw there. As you go down in timeframe, you see more swing highs and lows that were not present on the higher timeframes. Just like the weekly chart consolidates 5 daily bars into one bar. You can't see the daily swing highs and lows on the weekly chart, you have to go to the daily to find them. So you work your way down to the 4H chart drawing these fibs and look at the end result. You will usually have confluence from the different timeframes at points. I'll attach an example from my chart with fibs drawn from the weekly, daily and 4H charts. Karmo gives good examples in his strategy thread too. Typically, if you have already drawn the fibs from a particular high/low on one time frame, there's no need to draw them again on any other timeframe because the lines will be at the same place.

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Quoting bill77

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you scared the shit out of me aus, yeh i am galable. yes i use vt and mt. but i think mt4 is just a wanabe. mainly vt.

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Quoting gau2902

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Okay. It's just i got bit confused with your signature. Just wanted to know what was the reason for market to go up yesterday when everyone betting on going down?

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