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% levels - its magic

  • #21
  • Jan 8, 2008 5:53pm Jan 8, 2008 5:53pm
Its still Magic

Right at the 75%
Which way do you think its going to break?
any bets

Attached Image (click to enlarge)
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TEB
  • #22
  • Jan 8, 2008 6:09pm Jan 8, 2008 6:09pm
When do you start drawing your lines?

Do you draw them on a higher timeframe first then go to the lower?

Thank you
  • #23
  • Jan 8, 2008 7:25pm Jan 8, 2008 7:25pm
Quoting RickW00716
When do you start drawing your lines?

Do you draw them on a higher timeframe first then go to the lower?

Thank you
doesn't matter .... see the arrow I use them most of the time
these are on both the 15 & the hour though

TEB
  • #24
  • Jan 8, 2008 8:54pm Jan 8, 2008 8:54pm
Quoting tdion
They are nice in hindsight, aren't they?
hell yeah. lol
well i've never been a firm believer in fibs. i only note the 25, 50 and 75 levels to note the strength of the new swings.

basically a retracement to <25% level suggest that a trend is still very strong

25% > x < 50% offers good buying chance

50% > x < 75% as above, better offer rate, also indicating that seller strength is present

75% > as above but trend has to be in question...

best regards
jest
  • #25
  • Jan 8, 2008 8:58pm Jan 8, 2008 8:58pm
I'm fairly new on this site and intrigued by fibonacci sequences, but I'm having a hard time finding a post or another resource that explains how you determine where to place the high and low of the fibo retracement and also how to determine entry points. I realize this may not be the right thread to ask such a simple question. Could someone point me in the right direction?
Thanks
A wad of million dollar bills
  • #26
  • Jan 9, 2008 8:11am Jan 9, 2008 8:11am
Quoting Mooreart
I'm fairly new on this site and intrigued by fibonacci sequences, but I'm having a hard time finding a post or another resource that explains how you determine where to place the high and low of the fibo retracement and also how to determine entry points. I realize this may not be the right thread to ask such a simple question. Could someone point me in the right direction?
Thanks

These are not fibs ... fibs I don;'t find work very well on low time frames

TEB
  • #27
  • Jan 9, 2008 8:14am Jan 9, 2008 8:14am
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1st target hit closed 1/2
& moves stop/loss up for +5 pips on the 2nd 1/2
( as I was writting I was taken out )
in a free trade

looking for 2nd target now


TEB
  • #28
  • Jan 9, 2008 10:06am Jan 9, 2008 10:06am
Daily CAD.
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Trading = a mirror to your human flaws. Fix them or be fixed.
  • #29
  • Jan 9, 2008 11:19am Jan 9, 2008 11:19am
can anyone explain whats this about after reading all i still very confuse i just know fibbo but dunno this method at all anyone willing to explain in detail if time allow?
  • #30
  • Jan 9, 2008 11:21am Jan 9, 2008 11:21am
Quoting Mooreart
I'm fairly new on this site and intrigued by fibonacci sequences, but I'm having a hard time finding a post or another resource that explains how you determine where to place the high and low of the fibo retracement and also how to determine entry points. I realize this may not be the right thread to ask such a simple question. Could someone point me in the right direction?
Thanks
You spread the fibs tool on the previous swings. For example, if the price was going up, and now it's reversed and is going down, then you spread your fibs tool on the previous UP move and see where the fib levels are on the way. This way you plan your targets or stop/loss levels. To better understand it, look at a clear chart and see how the price is moving in waves, up/down, up/down and it's like that all the time. So when the price is going down, spread the fibs on the previous up wave, when the price is going up, spread it on the previous down wave. See the example on the screenshots.

The strongest levels are known to be 38.2%, 50%, 61.2%, 78.6%, and of course the 0 and 100%. There are also advanced ways to use fibs, such as fib confluence levels, where you use more than one wave to spread the tool on, fib expansions, confluence of expansions and retracements. You can find tonns of info about using fibs on the net also.
Attached Image(s) (click to enlarge)
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Trax Tibidax Tibidox...
  • #31
  • Jan 10, 2008 6:09am Jan 10, 2008 6:09am
perfect set up

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usdmxn 15 mins

purple circle in
red circle SL
blue cirles 1st & 2nd targets

(I don't normally trade this pair so I have very little riding on this trade)

TEB
  • #32
  • Jan 10, 2008 7:56am Jan 10, 2008 7:56am
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moving SL up to the 200% to lock in pips
free trade now up

TEB
  • #33
  • Jan 10, 2008 8:08am Jan 10, 2008 8:08am
intersting it stopped at the 300% (black circle)
we often is this & then it goes up again
lets see what happens

if some one bailed here it would not be bad
bevcause of the candle formation

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its also intersting the 0% & the 400% on the 15 chart
is the 0% & the 100% on the hour chart
its magic!

teb
  • #34
  • Jan 10, 2008 6:00pm Jan 10, 2008 6:00pm
Quoting TEB63
Attachment

if it takes out the blue circle here

Attachment

I will be looking for it to take out the blue circle here

TEB

got it right to the 200%
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TEB
  • #35
  • Jan 10, 2008 6:25pm Jan 10, 2008 6:25pm
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USD/MXN was a mistake hit the wrong # small win in real trading

TEB
  • #36
  • Jan 10, 2008 7:25pm Jan 10, 2008 7:25pm
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teb
  • #37
  • Jan 10, 2008 7:53pm Jan 10, 2008 7:53pm
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teb
  • #38
  • Jan 10, 2008 7:59pm Jan 10, 2008 7:59pm
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it is friday tomorrow so becareful
bye

teb
  • #39
  • Jan 10, 2008 11:48pm Jan 10, 2008 11:48pm
Attached Image (click to enlarge)
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will it break?

teb
  • #40
  • Jan 12, 2008 8:55am Jan 12, 2008 8:55am
Its still magic bounce off the 50% of the day
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Aud/Usd Day

I think its a proffit bounce & the big dogs making some pips room
for a run up


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Bounced of the 100% when it breaks it may really run
Aud/Usd Hour

TEB
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