Happy New Years to you!
PipHunter
Hey Skunny,
I have read and re-read the posts in this thread. If we can know where the currency is going to end up 100% of the time in your theory posted at the beginning of this thread, and I am assuming if it penetrates and then closes on the other side of our level of r/s, and then will go to the 138 level, then what happened to the euro on Dec 20th? I am not being sarcastic at all, as I realize that maybe I am missing something or have mis-interpreted something as well. Your opinion on this would be a definite help. ( I have read comments on how some are confused by different fibs and at times I am myself, but for me choose the levels by percentage and have added the 138 to my fib along with the 127 as it gives me a target "range" instead of an exact pinpoint. that is just for my own eyes and sorry if this causes anyone confusion). You can't see in this chart that it did not go to the 138 but began a 400 point rally toward the north pole instead.
Daniel
It's OK that everyone has a different fib position. From candle to candle on a given swing you could be in multiple trades all of which can be correct.
For Everyone:The mistake some will make when finding a "bad trade" is saying "see it doesn't work". The truth is, the trader "don't work"
and one needs to figure out why, by doing so he/she will absorb and uncover info much, much better than if I tell you why you were wrong. I could probably write a 10 chapter book on this and we've only gotten through the the 2nd.
If you've noticed, I rarely answer specific questions about the trades you guys have discussed here, instead I try to post something that might help all the questions without giving the absolute answer. This is by design and I'm sure it's frustrating for some, but that's OK
: Frustration will either propel someone to greatness or lead to submission. If you submit you weren't programmed to trade. Either way you move onIs it 08' yet?
Robonacci com
[quote=blueruby;1761629]
For example, there's another thread on here, the guy makes millions per year, and he's therefore got quite a following. The reasons he gives for going long the E/U are basically very unpatriotic political horsecrap that have little or nothing to do with the fall of the dollar, and he uses his audience on here to forward that drivel. He has a very, very, simple "system" that won't work for most traders. And he also has AN UNCANNY FEEL for the market! He rarely posts his calls, but they are so accurate they're described as "freakish" by his followers. He may actually be psychic.
Blueruby....you forgot to mention who this person is or how to find his thread. can you please post it thanks.
For example, there's another thread on here, the guy makes millions per year, and he's therefore got quite a following. The reasons he gives for going long the E/U are basically very unpatriotic political horsecrap that have little or nothing to do with the fall of the dollar, and he uses his audience on here to forward that drivel. He has a very, very, simple "system" that won't work for most traders. And he also has AN UNCANNY FEEL for the market! He rarely posts his calls, but they are so accurate they're described as "freakish" by his followers. He may actually be psychic.
Blueruby....you forgot to mention who this person is or how to find his thread. can you please post it thanks.
[quote=fxgreek;1779363]
Fxgreek, I'm not picking on you here by any means. But, I just want to tell everyone if you have an unrelated query about something other than what we are discussing, could you please PM instead? Thanks, just want people to stay up to speed without having to read unrelated posts. I don't want a thread with the most posts (just the best posts).
But since you asked, I'm not entirely sure who Blue was referring to, but I think it's Jacko.(just a hunch).
For example, there's another thread on here, the guy makes millions per year, and he's therefore got quite a following. The reasons he gives for going long the E/U are basically very unpatriotic political horsecrap that have little or nothing to do with the fall of the dollar, and he uses his audience on here to forward that drivel. He has a very, very, simple "system" that won't work for most traders. And he also has AN UNCANNY FEEL for the market! He rarely posts his calls, but they are so accurate they're described as "freakish" by his followers. He may actually be psychic.
Blueruby....you forgot to mention who this person is or how to find his thread. can you please post it thanks.
Fxgreek, I'm not picking on you here by any means. But, I just want to tell everyone if you have an unrelated query about something other than what we are discussing, could you please PM instead? Thanks, just want people to stay up to speed without having to read unrelated posts. I don't want a thread with the most posts (just the best posts
).But since you asked, I'm not entirely sure who Blue was referring to, but I think it's Jacko.(just a hunch).
Robonacci com
1.2? get outta dodge!
I broke stride and went with the 1H tf after listening to Skundizzle and netted over 500 pips and floating since last night.
Those last posts basically finished me up ( I think) and cleared up the last of my questions( until the next one)
It dovetails everso nicely with how I trade and adds a bucketload of BAM!
Thank you Skunny.Thank you this has been the most fun I have had trading in a long time and the reason I signed up to these forums after ages of just using FF for econ data
If you have anymore things I would be willing to test the coconuts out of them and I have a couple theoretical questions outstanding that don;t change my p/l so much as I just need to figure them out or go capt insane-o
Sizz
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I woke up this new year pondering what a perfect trade is - i.r. one that nets a profit, one that captures a full cycle, or something out side of my box of understanding. Skunny - what do you consider a series of perfect trades to be?
The perfect trade is something I'm still trying to simplify and perfect. My goal for the perfect trade is to identify a 90-100% chance to gain 2-3 times spread per trade and get out and shut the computer off. I'm of the school that once you are comfortable trading, you don't go for a plethora of pips per trade or develop some sort of ego issue where more pips are better. The best trade is the safe trade for just a few pips. 20 lots on 3 pips = +- $600....... or 60 pips on 1 lot. I choose the one with 3 pips
. That is where I'm heading for "my perfect trade". It really has everything to do with what I'm sharing, but picking out the easy pips and leave the tougher time consuming ones to those that like to bite their nails.
There are many trades and instances from which to trade once you have a feel for price action. It is my preference to risk more per pip/trade than to spend extra time collecting pips to put in my trophy case.
Robonacci com
Hey Skunny,
I have read and re-read the posts in this thread. If we can know where the currency is going to end up 100% of the time in your theory posted at the beginning of this thread, and I am assuming if it penetrates and then closes on the other side of our level of r/s, and then will go to the 138 level, then what happened to the euro on Dec 20th? I am not being sarcastic at all, as I realize that maybe I am missing something or have mis-interpreted something as well. Your opinion on this would be a definite help. ( I have read comments on how some are confused by different fibs and at times I am myself, but for me choose the levels by percentage and have added the 138 to my fib along with the 127 as it gives me a target "range" instead of an exact pinpoint. that is just for my own eyes and sorry if this causes anyone confusion). You can't see in this chart that it did not go to the 138 but began a 400 point rally toward the north pole instead.
Daniel
Robonacci com
Umm, probably not.I'll keep doing mine manually
OK Mr. Doit Manually, it's attitudes like that........that will keep me watching charts forever...lol.
I want the computer to trade manually for me.
Are you of the mindset that it isn't possible for a computer to think like me? ( I can't say I blame the computer) It's gotta be easier than programming my wife to think like me.(I've gotten nowhere with that so far).
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