Hi all, I am in MT, I see how to select the fibo tool, and I know how to make the fibo lines show up on the chart, I just don't know where the proper place to make them is... Pls. Help me out...
Thank You...
Thank You...
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DislikedHi all, I am in MT, I see how to select the fibo tool, and I know how to make the fibo lines show up on the chart, I just don't know where the proper place to make them is... Pls. Help me out...
Thank You...Ignored
DislikedHi Panhandler
Practice is key to this, you need to look for high points and low points in the swings, mainly on the 4h and daily, but it also pays to look at the weekly from time to time.
http://www.forexfactory.com/showthread.php?p=1790427#post1790427
try this link to some charts i posted, it will give you some idea of were to look for the highs and lows.Ignored
DislikedMPP, Thanks a bunch,
OK, this is what I came up with, please let me know if it is on the right track...
http://img398.imageshack.us/img398/8162/picture2qy4.png
P.S. Sorry for Hi-JAcking the thread guys...Ignored
DislikedI was wondering what time jacko uses when he's calculating his daily pivot points for this pair. I hear a lot of people use 4pm est-4pm est... but I also see a lot of people who use other markers for 24 hour pivot points.
thanks
last time i saw a bull run this big i was on the streets of spain!Ignored
DislikedI was wondering what time jacko uses when he's calculating his daily pivot points for this pair. I hear a lot of people use 4pm est-4pm est... but I also see a lot of people who use other markers for 24 hour pivot points.
thanks
last time i saw a bull run this big i was on the streets of spain!Ignored
DislikedHi,
I haven't yet noticed this news on-line, but on my way home, I've listened to the radio and it was said, that the EU politicians and economists will hold "I-don't-know-what-kind" of extraordinary meeting, because the weak $ and strong € are starting to cause some serious trouble. BMW (the car maker) alone will have to lay of several thousand people just because of this and at least a dozen other "blue-chip" type of companies will be having mass layoffs (also in thousands) too. These companies are paying for raw material and production in € and when exporting to US, they get a weak $ for the products exported.
Well, I just thought this would be interesting to share with you.Ignored
DislikedGive it back friday syndrome is in play, good highs create profit taking, which then drops price to hit Stops and down it runs.
i expect to see the 50% area today @ 1.5465 (the fib position fits both the daily and 4h swings (1.5281 - 1.5650), so looking to long at 1.5450, this area also provided resistance on the way up so should be good support on the way down.
watch your stops and apply the AH, we close for the markets today which will most likely end with the drop from the US session, but the drive higher will come from the Asian open on Sunday night (UK time)Ignored
DislikedHi everyone,
I was also expecting (hoping also) for a retracment to 5450. Dolar was allready in a nice 100 pip move down, 5450 is a nice round number, 50% fib.... but then US Consumer Sentiment came kicking euro 100 pips up again.... Will this bull ever get tired ?????
I also have that same problem mentioned in the other post above. Keep waiting for pullbacks so that I can get in but they seem to never come and everyone else gets in the market somewhere else....... ( Today I saw the 100 pip dip but decided to stay off the markets because of those so many news in the same day.) Im still confused to see people saying they got in at such and such prices, making tons of pips profit and when I check that out on the chart I see no pullback on that level.
Think I might be missing something, any suggestions highlly apreciated.
Have a nice weekend you all.
DuduIgnored