"The only successful substitute for brains is silence."
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DislikedAnother great chart/fib drawing. By George, I think he's got it!!!Ignored
DislikedHI ALL.... was just wondering if it means anything when a t1 -138 OR 138 IS NOT HIT????
INPUT WELCOME AND APPRECIATED.....
PS I WISH SKUNNY WOULD WEIGH IN ON THIS ONE....BUT IF NOT CAN U ALL VAHND AND TEST WITH ME PLEASE! THANKS!Ignored
DislikedSkunny has brought something neat to my trading, fibs are not always drawn on the most recent or obvious support and resistance. I use the 38.2 and the 61.8 for the clues of a well fit fib, but not until Skunny did I start to look in weird places for S&R and to find where the 61.8 and the 38.2 fir well. Yes - this sometimes means backing the fib up to previous support or significant candle. So I think if OUR fibs miss T1, then OUR fibs were wrong.Ignored
DislikedPIprpro,
Sheesh you don;t read my posts either? hehe Ding ding ding Winnah! That was a great aha moment. Good for you. I agree completely. In my rambly way I have been freaking out about that here for the last couple weeks I think. pretty neat eh? Markets show us S/r and the fibs confirm it. Bueno Keep up the good posts! Good stuff all around
Sizz.Ignored
DislikedSkunny has brought something neat to my trading, fibs are not always drawn on the most recent or obvious support and resistance. I use the 38.2 and the 61.8 for the clues of a well fit fib, but not until Skunny did I start to look in weird places for S&R and to find where the 61.8 and the 38.2 fir well. Yes - this sometimes means backing the fib up to previous support or significant candle. So I think if OUR fibs miss T1, then OUR fibs were wrong.Ignored
DislikedOH sorry oh great SIZZLER STEAK HOUSE - your just a BUFFET of knowledge aren't you - enjoy your posts always - very humorous. I said to my wife the other day - I wonder what this guy is smoking. Luv u man, yawn - I was honping for some BIG post FOMC movement - yawn
Ignored
DislikedHere's my GJ. After updating my chart, and looking at the just completed move down, knowing that price will retrace, and that the Daily(Intraday fib) 38 level would be the logical destination, the swing or inner fib's TP2 gave the perfect indication how far price was going.Ignored
Dislikedty pipr and I agree that the fib is wrong if u were using it to try for a 138 and it didnt hit that 138.... my real question is whether or not the wrongness of that fib can be used as a hint..... remember skunny said in one of his earliest posts to watch what happens when price does not acheive its target, or something to this effect....
My challenge to all here is to do as skunny challenged us way back in the begininng and determine what happens when price does not acheive 138
If I am wasting my time...please let me know....Ignored
Dislikeddagoods, I've noticed often is when my target doesn't get hit, it usually will get hit on the opposite side.
Hope this helpsIgnored
DislikedGreat analyses...![]()
Never thought about using the small fib to find the retrace point!Ignored
Disliked.................... A second thing I've noticed often is when my target doesn't get hit, it usually will get hit on the opposite side.
Hope this helpsIgnored
DislikedIMWO I believe the smaller time frames are just as important when trading the larger ones, but Skunny has not confirmed that. Hope this helpsIgnored
DislikedOK, let's try an experiment:
I added a gann fan to my chart and put to areas where the target should be hit. That would be too cool if I could even say at what time of the day my target will be hit.
I know... I may ridiculise myself completely now if the price goes anywhere except where I want it to be, but no worries: spank me, laugh at me... I deserve it!Ignored