Fibonacci GONE WILD

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interesting. im new here. and i still couldnt make an exact copy of the fib. could u coach me?

http://i6.tinypic.com/6ov3alc.gif

Gauges displaying the fib projections for day, week and month.

done. it applies for every pairs doesnt it?

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For some reason, I have missing and distorted data on my charts from last week. The below chart doesn't show the bounce which occured at the the median line: http://www.forexfactory.com/showpost...&postcount=389

Nonetheless, the overall price action is still there.

As stated, price reached the upper pitchfork line (and broke through it). I've added an additional pitchfork (yellow) to the chart. If it proves to be invalid I will discard it. I've also created a second chart with new fibs on the recent price range.

http://i1.tinypic.com/8e6fjt4.gif

My take on EURGBP.

I saw this neat setup on the 1 minute chart. Look for the possibility of a bounce off the 50% or 23% fib if price drops. The lack of a strong bounce once price reaches these levels for the first time could be an early sign that momentum has turned to the downside. If new highs are made, I'm looking for price to at least reach the 138% ext, with a max being the top pitchfork line (or 161% ext) on this chart or the middle pitch forkline (green) on the 2HR chart.

DANGER WILL ROBINSON!!

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I'm monitoring a possible pitchfork drawing. I'll add it to the chart later if I see any signs of validation.

I have a new pitchfork drawing on the Daily chart.

Although price has broken through the pitchfork on the daily, it has met resistance at the 261 ext. On the 4hr, price is having trouble staying above the median line of the pitchfork. I see these as possible signs of a downturn in the Euro if price doesn't break this resistance at some point during the day.

I have drawn a more appropriate pitchfork for the 4HR chart. Price has failed so far to sustain itself above the median line and is now currently hovering around the 50% fib line. Also, on the 2HR chart, price met resiistance at the 138% and has fallen outside of the pitchfork. These signs, along with those given for the EUR/GBP, indicate a possible downturn. A break through this resistance is going to push this pair much higher.

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Price did take a brief downturn (as well as on EUR/USD), but came back within the pitchfork on the 4HR and found support at the pitchfork on the Daily. However, price must still break the 261 ext to indicate further upward momentum Whenever it pushes through this level with strength, it should take EUR/USD higher, as long as the dollar isn't rallying.

Price took a downturn (a brief one) which I stated might occur in a previous post but stayed within the pitchfork on the 4HR and met resistance at the median line. This resistance was reflected on the 2HR at the 261 ext.

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Here is a 4hr chart I previously posted. For now, the median line is now serving as support rather than resistance. Price might continue to make lower lows with bounces off of the line until it either eventually shoots through it (finding possible support with the red pitchfork; if price falls well within it and starts meeting resistance from it on the way back up then that's a sign that possibly more downward momentum lies ahead), make a strong bounce where higher highs are made, or make a sideways bounce where there is a fixed low for several candles leaving you to wonder what is coming next. The hourly chart I posted prior to this one should help in the decision making process.