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Karmostaji's Journal

  • #581
  • Feb 15, 2008 6:18am Feb 15, 2008 6:18am
Ok, I'm gonna start building longs now..

Long GJ @ 211.39
Trade what you see, not what you think.
  • #582
  • Feb 15, 2008 6:39am Feb 15, 2008 6:39am
Quoting karmostaji
The 50% will be the same but the rest will differ and that's important, plus you should look how price reacts to the fibs from after you've drawn and not previous to the high (your example)

Yes I mean reverse the way of drawing the fib, read some stuff about using fibs if you haven't.
Thanks a million bro. these are the books that I read cover to cover over the last 6 months. I'm now applying the theory to practice, this is why I needed a confirmation.
Technical Analysis: The Complete Resource for Financial Market Technicians

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)

Schwager on Futures: Technical Analysis
  • #583
  • Feb 15, 2008 7:12am Feb 15, 2008 7:12am
Quoting karmostaji
.....Yes I mean reverse the way of drawing the fib......
Karmo,
Do you have any Fibo Indi which You use to your chart?
Can you share to us, so we can learn from it.

Thanks,

Still need to be more patience
  • #584
  • Feb 15, 2008 7:13am Feb 15, 2008 7:13am
Quoting aguskrw1
Karmo,
Do you have any Fibo Indi which You use to your chart?
Can you share to us, so we can learn from it.

Thanks,

Still need to be more patience
I draw my fibs manually, every MT4 platform has it.
Trade what you see, not what you think.
  • #585
  • Feb 15, 2008 7:17am Feb 15, 2008 7:17am
Ok, I'm gonna start building longs now..

Long GJ @ 211.39
Long GJ @ 211.00
Trade what you see, not what you think.
  • #586
  • Feb 15, 2008 7:20am Feb 15, 2008 7:20am
Quoting mamr
Thanks a million bro. these are the books that I read cover to cover over the last 6 months. I'm now applying the theory to practice, this is why I needed a confirmation.
Technical Analysis: The Complete Resource for Financial Market Technicians

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)

Schwager on Futures: Technical Analysis
Have a look at the charts I've posted, usually most of my charts include fibs with an explanation. Also check out my analysis thread, there are plenty of charts with explanations and all. If you have any other questions, please do ask. Good luck
Trade what you see, not what you think.
  • #587
  • Feb 15, 2008 7:26am Feb 15, 2008 7:26am
Quoting karmostaji
I draw my fibs manually.......
Yup, but what are the steps?
which prices on which TF to be apply on?
So, when you show us, at least me, could understand more, why you take Buy/sell order according to our Fibo projection.

Thanks for your reply,


Still look for Patience!
  • #588
  • Feb 15, 2008 7:35am Feb 15, 2008 7:35am
Quoting aguskrw1
Yup, but what are the steps?
which prices on which TF to be apply on?
So, when you show us, at least me, could understand more, why you take Buy/sell order according to our Fibo projection.

Thanks for your reply,


Still look for Patience!
This is a thread where I have explained my strategy and the indicators I use, fibs included. Go through it and see for yourself.
http://www.forexfactory.com/showthread.php?t=43255
Trade what you see, not what you think.
  • #589
  • Feb 15, 2008 8:09am Feb 15, 2008 8:09am
Quoting karmostaji
Have a look at the charts I've posted, usually most of my charts include fibs with an explanation. Also check out my analysis thread, there are plenty of charts with explanations and all. If you have any other questions, please do ask. Good luck
thanks dear, you are; as usual; the man...
  • #590
  • Feb 15, 2008 11:27am Feb 15, 2008 11:27am
Quoting karmostaji
Ok, I'm gonna start building longs now..

Long GJ @ 211.39
Long GJ @ 211.00
lol, your always in a battle with somebody!
I dream, therefore I become.
  • #591
  • Feb 16, 2008 5:30am Feb 16, 2008 5:30am
Quoting mike w
lol, your always in a battle with somebody!
You gotta make trading exciting for yourself and everyone else ya know
Trade what you see, not what you think.
  • #592
  • Feb 19, 2008 3:09am Feb 19, 2008 3:09am
Ok, I'm gonna start building longs now..

Long GJ @ 211.39
Long GJ @ 211.00
Long GJ @ 209.99
Trade what you see, not what you think.
  • #593
  • Feb 19, 2008 4:39am Feb 19, 2008 4:39am
Quoting karmostaji
Ok, I'm gonna start building longs now..

Long GJ @ 211.39
Long GJ @ 211.00
Long GJ @ 209.99
GJ @ 208.87, Still holding on to the longs Karm?
  • #594
  • Feb 19, 2008 4:44am Feb 19, 2008 4:44am
Quoting shiva
GJ @ 208.87, Still holding on to the longs Karm?
Yes, I'm not trading based on hourly chart or anything less, patience is needed and drawdown of such is very normal with this pair.
Trade what you see, not what you think.
  • #595
  • Feb 19, 2008 4:44am Feb 19, 2008 4:44am
i think karmo still hold position long...
  • #596
  • Feb 19, 2008 4:44am Feb 19, 2008 4:44am
Quoting karmostaji
Yes, I'm not trading based on hourly chart or anything less, patience is needed and drawdown of such is very normal with this pair.
hehehe..yup u right karmo...
  • #597
  • Feb 19, 2008 4:45am Feb 19, 2008 4:45am
Quoting karmostaji
Yes, I'm not trading based on hourly chart or anything less, patience is needed and drawdown of such is very normal with this pair.
Well, I am holding on too
  • #598
  • Feb 19, 2008 2:13pm Feb 19, 2008 2:13pm
Technically... these drawdowns would be covered by the swap rates over the long run... I don't think this pair would drop under 200 any time soon. and if it does you can detach from it and get back in @ 200 after it has dropped
  • #599
  • Feb 19, 2008 2:16pm Feb 19, 2008 2:16pm
Quoting charlinks
Technically... these drawdowns would be covered by the swap rates over the long run... I don't think this pair would drop under 200 any time soon. and if it does you can detach from it and get back in @ 200 after it has dropped
This pair is not going anywhere far and this drawdown is very very normal and something I expect everytime I enter a trade and good money management is used, so all I need is patience and sooner than everyone expects all these trades will be in profit
Trade what you see, not what you think.
  • #600
  • Feb 20, 2008 4:07am Feb 20, 2008 4:07am
I also vote for the upside. Went long at 209.45 first target 210.60 (resistance line there on h1 and above). We'll see but I think this is more probable than going south right now.
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