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  • #541
  • Nov 9, 2007 9:12am Nov 9, 2007 9:12am
Quoting Thexder
I have not only insight but a feeling of clarity, calmness, and confidence. Too much alliteration. I don't feel blindly that using these methods work on this pair or other pairs, but I feel I know how to look at it and make the judgement of whether or not it could work anywhere in the first place by looking at how things move and align. I've learned not how to follow someone's system but now to observe the action and judge how to implement it for myself. That's a sense of empowerment and the difference in assembling something from a set of instructions or designing and building it from scratch.

I don't feel that I'm just following swings and intradays around on faith, I feel that I've gotten to know this pair and how to use the levels with that. Even though other pairs have been mentioned lately I wouldn't go immediately into them myself, I know how to watch them for a while and get a feel for them. If they don't align with this method of following the market I know how to avoid getting involved.

I may not have all the answers but I feel I know how to now find them eventually. I didn't have that a month ago. Also in all my studies by now I also think I know how to tell when I've found something substantial vs just another gimmick like a few MA's and MACD on a 15minute or something. Any time I'd try one of those methods I'd know it's bad news while I was doing it. This is the first time I feel it's the right way to do it.
I have no doubt youll be able to trade now, just from reading your posts you do have a grasp on it, its not purely mechanical but fibs do give you an insight into price movement.I can tell 10 different people the same thing and all 10 are going to trade it differently.Part of trading is learning the pair you trade and you will be acustom to its moves.
Yes lately i have posted and traded on other pairs, but it was only for requests ive been getting to show that the same princilpes can be applied to any pair...My pair is still Cable......
Alot of sytems can be made successful but understanding the market is the key...to me fibs fill that void.
  • #542
  • Nov 9, 2007 10:09am Nov 9, 2007 10:09am
The interplay between you two guys ( Bo and Thex ) is great very educational. You both do a great job of explaining what your thought process was.
Did anybody notice that Thex has some data on his charts that is missing on Bo's. Thex has a spike up at about 10:30 GMT to 2.1161 that is missing on Bo's. The only reason I noticed is that my charts (IBFX) froze at that time and I lost almost a half hour of data. I think you will find the same on your charts Bo.
What charting package do you use Thex?
  • #543
  • Nov 9, 2007 10:22am Nov 9, 2007 10:22am
Quoting bapxyz
The interplay between you two guys ( Bo and Thex ) is great very educational. You both do a great job of explaining what your thought process was.
Did anybody notice that Thex has some data on his charts that is missing on Bo's. Thex has a spike up at about 10:30 GMT to 2.1161 that is missing on Bo's. The only reason I noticed is that my charts (IBFX) froze at that time and I lost almost a half hour of data. I think you will find the same on your charts Bo.
What charting package do you use Thex?

For charting Im using Interbank
  • #544
  • Nov 9, 2007 10:45am Nov 9, 2007 10:45am
Quoting Bobokus
For charting Im using Interbank
Yea Bo me too thats how I know you have data missing. But Thex does not . Hello Thex!!
  • #545
  • Nov 9, 2007 10:47am Nov 9, 2007 10:47am
Just got this from IBFX. Hope it helps

This morning between 10:31 and 11:03 GMT our data feed had frozen from our liquidity provider. Since the feed had frozen we had to shut down the server for that half hour so our clients didn’t try to place trades on stale prices while our liquidity provider tried to fix the problem. So from us I don’t believe there is a way to get that missing data. You could try clicking on Tools and History Center from your platform and then try downloading the data from there. That data from the History Center is from Metaquotes and so we don’t guarantee or honor prices downloaded from there, but there might still be data to fill that short period to help your indicators stay balanced out if that’s what you’re needing it for. Please let us know if you need any further assistance.
  • #546
  • Nov 9, 2007 10:59am Nov 9, 2007 10:59am
Quoting bapxyz
Just got this from IBFX. Hope it helps

This morning between 10:31 and 11:03 GMT our data feed had frozen from our liquidity provider. Since the feed had frozen we had to shut down the server for that half hour so our clients didn’t try to place trades on stale prices while our liquidity provider tried to fix the problem. So from us I don’t believe there is a way to get that missing data. You could try clicking on Tools and History Center from your platform and then try downloading the data from there. That data from the History Center is from Metaquotes and so we don’t guarantee or honor prices downloaded from there, but there might still be data to fill that short period to help your indicators stay balanced out if that’s what you’re needing it for. Please let us know if you need any further assistance.


Yea, it aint the first time its happened.Nothing we can do about that.
Thanks for that Bapxyz
  • #547
  • Nov 9, 2007 11:03am Nov 9, 2007 11:03am
hey bob i use FXDD is that a problem for charting?
Regards,
BK
  • #548
  • Nov 9, 2007 11:40am Nov 9, 2007 11:40am
Quoting bksujal
hey bob i use FXDD is that a problem for charting?
Regards,
BK
No as long as its a MT4 platform they should be the same as what you see me posting.If they have their own charting platform it will work fine fibs are calculated the same.
  • #549
  • Nov 10, 2007 8:13pm Nov 10, 2007 8:13pm
Quoting bapxyz
What charting package do you use Thex?
I'm using the MT4 demo account as a data feed straight from the package, no 3rd party account.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #550
  • Nov 11, 2007 10:55am Nov 11, 2007 10:55am
Hey BoBoBooBoo,

Thought I would tease you with GY for a minute. I think I found you a couple hundred pips if the fundamentals don't start up this crazy train again.

I'm expecting a little pip regurgitation this week seeing how it completed the 4hr 238ext/ultimate take profit area(for me anyway). I'm looking for a solid momentum indication that we are going to witness at least a burp to the north side and I'm in. Let me know if you want me to use your acct/password to get those pips in the bank for ya.
Attached Image (click to enlarge)
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Robonacci com
  • #551
  • Nov 11, 2007 11:11am Nov 11, 2007 11:11am
Quoting SKUNNY
Hey BoBoBooBoo,

Thought I would tease you with GY for a minute. I think I found you a couple hundred pips if the fundamentals don't start up this crazy train again.

I'm expecting a little pip regurgitation this week seeing how it completed the 4hr 238ext/ultimate take profit area(for me anyway). I'm looking for a solid momentum indication that we are going to witness at least a burp to the north side and I'm in. Let me know if you want me to use your acct/password to get those pips in the bank for ya.
If the bottom doesnt fall out once the market opens today, it may gap through that burp and we 'll miss it.My account # is BR549 and the password is Yehaw...
LOL
  • #552
  • Nov 11, 2007 11:42am Nov 11, 2007 11:42am
Quoting Bobokus
If the bottom doesnt fall out once the market opens today, it may gap through that burp and we 'll miss it.My account # is BR549 and the password is Yehaw...
LOL

Skype me when you know what your Sax" platform says. Thanks buddy boy.
Robonacci com
  • #553
  • Nov 11, 2007 12:08pm Nov 11, 2007 12:08pm
Quoting SKUNNY
Skype me when you know what your Sax" platform says. Thanks buddy boy.
Aight..
  • #554
  • Nov 11, 2007 4:25pm Nov 11, 2007 4:25pm
Quoting SKUNNY
Hey BoBoBooBoo,

Thought I would tease you with GY for a minute. I think I found you a couple hundred pips if the fundamentals don't start up this crazy train again.

I'm expecting a little pip regurgitation this week seeing how it completed the 4hr 238ext/ultimate take profit area(for me anyway). I'm looking for a solid momentum indication that we are going to witness at least a burp to the north side and I'm in. Let me know if you want me to use your acct/password to get those pips in the bank for ya.

Kiss this idea good bye....lol
Robonacci com
  • #555
  • Nov 11, 2007 4:32pm Nov 11, 2007 4:32pm
Quoting SKUNNY
Kiss this idea good bye....lol
Yep, GBP/Yen is showing low of 229.51 now and Cable is down to 2.0800
  • #556
  • Nov 11, 2007 4:55pm Nov 11, 2007 4:55pm
trying to rally back now just before the open
GBP/Yen 230.02
Cable 2.0821
  • #557
  • Nov 12, 2007 6:28am Nov 12, 2007 6:28am
Too bad I didn't place a trade because I was unconfident about all the consolidation looking moves, but in my written notes I did call this swing short ahead of time and it made the targets.

I decided also to move my intraday low fib to the low in today's Asian session. I don't think it'll matter much.

My entry would have been a pending sell below the swing low that would have triggered on the second last candle shown, but an order could have also been placed and triggered earlier depending how the individual chose to update the swing set. That is why I was nervous to place a trade, I started out with a short bias, and the first several candles were respecting what is shown as intraday low here, previously swing low, so I would have set a pending short below that, but then I saw that sudden strong bullish candle and it took the confidence out of a swing short with the activity now on the long side of the swing. I wouldn't have a long order due to the short bias.

So I stood aside and just watched. The following candle was a big bear, but I wouldn't have felt confident any more with my pending short below the swing low (intraday low) because the candle shot down from long to short swing bias all at once and things were just going too back and forth for my liking. I'd want to sit aside and wait for some stability, and possibly miss a good move.

When the candle did poke below the old swing low, it retreated and that would have made me sweat out a short order even though it probably wouldn't have been stopped out if I had a stop above swing long, but I don't think I want my first few trades to be like that.

Now that there was a new low, I moved the swing low there, which is where it is now, and those 2 candles before the short break were small candles that stayed short biased, not breaching swing long, so I predicted it would be an ok idea to take a short if it came. I wrote about it but didn't execute it, but at least I'm more confident now. I don't mind standing by if I'm right about what I would have done.
Attached Image (click to enlarge)
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"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #558
  • Nov 12, 2007 6:59am Nov 12, 2007 6:59am
Yep, that would have been a good trade. I would like to see a bounce here so we can get another opportunity today to get some more.But I would have to see a candle close above 2.0791 to take a long, and that may change if we have to keep pulling the low of the swing to new lows.I suggest to keep following price with the swing and wait untill its levels are tested or price can break through them.
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  • #559
  • Nov 12, 2007 9:38am Nov 12, 2007 9:38am
If I'm counting correctly, this is around 150 pips I threw away by doubting myself....and they were easy pips too, no sweating pullbacks to jeopardize early profits...just watch, next time I feel it, I'll trade it and...well....
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.jpg Size: 40 KB
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #560
  • Nov 12, 2007 10:07am Nov 12, 2007 10:07am
Quoting Thexder
If I'm counting correctly, this is around 150 pips I threw away by doubting myself....and they were easy pips too, no sweating pullbacks to jeopardize early profits...just watch, next time I feel it, I'll trade it and...well....
And no sign of stopping the downslide yet either. look to the Daily fib levels as resting points now.
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