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Diary of a Mad Surfer

  • #341
  • Feb 11, 2008 5:10am Feb 11, 2008 5:10am
**UPDATE**

I was reviewing some E.W rules last night and on certain rules a wave must be more than 100% . Then I remembered that there is quite a gap between the T2 and T3 levels when it hit me. -1 and 2 are the 100% levels between T2 and T3. So I added them on and did some testing and they seem to hold some significance. 1 and 2 are the first two fib numbers so they naturally belong there. I labeled mine as 100%.
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  • #342
  • Feb 11, 2008 9:44am Feb 11, 2008 9:44am
My projected path for A.J Daily. It seems to have made a channel (yellow trend lines) found resistance on the 100 and a candle failed to close above the short .382 fibo level. Lets see how this daily candle finishes. wait for 4hr to close below the 200. However AU still looks bullish.
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  • #343
  • Feb 11, 2008 10:59am Feb 11, 2008 10:59am
another look at A.J the middle trend line is also a 38.2 fib fan line
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  • #344
  • Feb 11, 2008 11:12am Feb 11, 2008 11:12am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
i placed my fib's differently to you and the picture is Long (almost) i'm more in line with the price returning to the up trend, 4h 100 and 200 closing for a cross, daily 13x100 cross closing up to each other, using the fib position of the last swing it places price in the long side of the pivot.

Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 27 KB


just a differnent point of view, but i'll sit out until confirmation either way, short on rejection of the daily 100 8x13 down or long on the 13x100 up.
  • #345
  • Feb 11, 2008 11:25am Feb 11, 2008 11:25am
I don't believe market sentiment has found a bottom yet. maybe we have.
I will wait until this daily candle is finished before I trade A.J
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  • #346
  • Feb 11, 2008 11:27am Feb 11, 2008 11:27am
For some odd reason I am Bearish A.J but Bullish A.U. is this possible?
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  • #347
  • Feb 11, 2008 11:30am Feb 11, 2008 11:30am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
I don't believe market sentiment has found a bottom yet. maybe we have.
I will wait until this daily candle is finished before I trade A.J
i'm with you on that, also looked at the 4h chart and there is a clear rejection of the 13 by the 100 to the long side, which will give first?
  • #348
  • Feb 11, 2008 11:31am Feb 11, 2008 11:31am
Here is an explanation of fibo fans. This is not me but it is a good video.

Inserted Video
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  • #349
  • Feb 11, 2008 11:34am Feb 11, 2008 11:34am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
For some odd reason I am Bearish A.J but Bullish A.U. is this possible?
I'm a bull on AU but was watching the 8x13 on the daily chart, todays candle prevented the cross down, another reason why i think Aj will go long, i will most likely take the next touch of the 8ma after today closes out.
  • #350
  • Feb 11, 2008 3:18pm Feb 11, 2008 3:18pm
A.U daily, Just need a break above long .618 level. Top trendline acting as support now.
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  • #351
  • Feb 11, 2008 3:50pm Feb 11, 2008 3:50pm
Quoting Big Wave Rider
A.U daily, Just need a break above long .618 level. Top trendline acting as support now.
I like this one too, will buy on a break of the high around 9060, if seen or a pullback to the trendline would be tempting...
Never say never.
  • #352
  • Feb 11, 2008 4:05pm Feb 11, 2008 4:05pm
Quoting razldazl
I like this one too, will buy on a break of the high around 9060, if seen or a pullback to the trendline would be tempting...
Hopefully it crosses over in the Asia session, got my order placed incase it does. AU 4hr. could we have a retest of the 50% fibo fan?
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  • #353
  • Feb 12, 2008 5:22am Feb 12, 2008 5:22am
Broken!!!! Two fibs, a trend line and a fibo fan line providing resistance finally breaks. Now watch this be a trap .

A.J 4hr
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  • #354
  • Feb 12, 2008 5:30am Feb 12, 2008 5:30am
Quoting Big Wave Rider
Broken!!!! Two fibs, a trend line and a fibo fan line providing resistance finally breaks. Now watch this be a trap .

A.J 4hr

A.U breaks through too.
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  • #355
  • Feb 12, 2008 5:32am Feb 12, 2008 5:32am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Broken!!!! Two fibs, a trend line and a fibo fan line providing resistance finally breaks. Now watch this be a trap .

A.J 4hr
smiling assasin, you wait for the candle to turn and it will staring straight at you and laughing, i'm waiting for the 13x100 daily a positive confirmation.
  • #356
  • Feb 12, 2008 6:03am Feb 12, 2008 6:03am
Quoting Big Wave Rider
Broken!!!! Two fibs, a trend line and a fibo fan line providing resistance finally breaks. Now watch this be a trap .

A.J 4hr
AU is going up! Hey BWR show me how to draw a face on my charts pretty please (Im serious)lol, Raz
Never say never.
  • #357
  • Feb 12, 2008 6:13am Feb 12, 2008 6:13am
Quoting razldazl
AU is going up! Hey BWR show me how to draw a face on my charts pretty please (Im serious)lol, Raz

Save picture as...."Charts" for example. then open "charts" with paint.
Vista should still have paint.
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  • #358
  • Feb 12, 2008 6:17am Feb 12, 2008 6:17am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Anyone following EU
very nice harmonic swings on the 1h charts, will it bounce off the 1h 100ma or push through?
4h Ma's all lined up short - so were are we going?
Daily price is bouncing on the underside of the 100.

i'm still seeing a test of the 1.4350 support area.
  • #359
  • Feb 12, 2008 6:23am Feb 12, 2008 6:23am
great stuff thanks BWR
Never say never.
  • #360
  • Feb 12, 2008 6:31am Feb 12, 2008 6:31am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
A.U breaks through too.
any clues as to the best way to trade this, i was looking for an entry of the next touch to the 8ma on D1, but is there a better way, this is a common problem for me, all the indicators are in the correct order but when to enter, maybe the next retracement to the 100 on the 1h or 4h?
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