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Fibonacci Trading with Bobokus

  • #4,041
  • Jun 22, 2008 9:25am Jun 22, 2008 9:25am
Dear bobokus:
the price never reach the target T1, and it reversed. i want to know if i had placed the fib in wrong place, or this situation really exist in the market.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 49 KB
I need time ,I need money, I need more patience
  • #4,042
  • Jun 22, 2008 9:29am Jun 22, 2008 9:29am
Quoting ztdep
Dear bobokus:
the price never reach the target T1, and it reversed. i want to know if i had placed the fib in wrong place, or this situation really exist in the market.
regards
That is correct...remember what it means when it doesnt reach its target range?. "Slowing of momentum and possible reversal". What happened after it shows signs of failing to reach its target ?
Measure across June 11th with just the Intraday, you see it does eventually reach the T1 of that but fails from the larger waveform to continue, then fails to break the low of the 12th and reverses.
  • #4,043
  • Jun 22, 2008 5:33pm Jun 22, 2008 5:33pm
As we know, US interest rates are due out for Wednesday, actual choppyness in GBP/USD come from undecision whether there gonna be an augmentation or not of the current rate. First here is a graph of the federal t-bonds rate wich does usually lead the interest rate:

Attached Image


Also here is a video of a technical analysis with a bear view on the gbp/usd. Click here.

This is mostly to comfort me in my short trade i took friday @ 1.9773. Feel free to critic, argue, or even throw me stuff if you wish!
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,044
  • Jun 22, 2008 6:11pm Jun 22, 2008 6:11pm
Quoting GreatYves
As we know, US interest rates are due out for Wednesday, actual choppyness in GBP/USD come from undecision whether there gonna be an augmentation or not of the current rate. First here is a graph of the federal t-bonds rate wich does usually lead the interest rate:

Attachment

Also here is a video of a technical analysis with a bear view on the gbp/usd. Click here.

This is mostly to comfort me in my short trade i took friday @ 1.9773. Feel free to critic, argue, or even throw me stuff if you wish!
Good stuff Daredevil, I just wish Cable would comply now so I can get a short position on it.
  • #4,045
  • Jun 22, 2008 8:54pm Jun 22, 2008 8:54pm
Quoting Bobokus
Try separating the Daily from the 1 hour, by that I mean have a chart for your 3 Daily fib tools and your 1 hour with just the Intraday and Swing on it, this reduces the clutter. Me I can just tune out the levels Im not concerned about at the time. Your correct in the, keep what you can use and throw the rest away, if it doesnt help you dont use it.
Good tip Bo cheers I will try it1
Time hides Nothing
  • #4,046
  • Jun 23, 2008 2:28am Jun 23, 2008 2:28am
Quoting GreatYves
As we know, US interest rates are due out for Wednesday, actual choppyness in GBP/USD come from undecision whether there gonna be an augmentation or not of the current rate. First here is a graph of the federal t-bonds rate wich does usually lead the interest rate:

Attachment

Also here is a video of a technical analysis with a bear view on the gbp/usd. Click here.

This is mostly to comfort me in my short trade i took friday @ 1.9773. Feel free to critic, argue, or even throw me stuff if you wish!

Looks as if you got your wish, and I finally got a short in at 9744.
  • #4,047
  • Jun 23, 2008 2:43am Jun 23, 2008 2:43am
Hi Bo,
i knew u were not going to miss it,i missed d rally down but am not in d mood,but if i see an oppurtunity i will take it.also thanks for your generousity i personally really appreciate it,u will always be a landmark in my trading career,thanks,my regards to ur family.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #4,048
  • Jun 23, 2008 4:05am Jun 23, 2008 4:05am
Quoting lordgbengs
Hi Bo,
i knew u were not going to miss it,i missed d rally down but am not in d mood,but if i see an oppurtunity i will take it.also thanks for your generousity i personally really appreciate it,u will always be a landmark in my trading career,thanks,my regards to ur family.

Your welcome
  • #4,049
  • Jun 23, 2008 4:09am Jun 23, 2008 4:09am
Hey Bo, I have a question if it's not too much trouble...how do you use the swing fib?
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #4,050
  • Jun 23, 2008 4:12am Jun 23, 2008 4:12am
Quoting Thexder
Hey Bo, I have a question if it's not too much trouble...how do you use the swing fib?

LOL, Its easy you just throw a rope over a sturdy tree limb then tie an old tractor tire too it and walla...swing.
  • #4,051
  • Jun 23, 2008 4:13am Jun 23, 2008 4:13am
Quoting Bobokus
Its easy you just throw a rope over a sturdy tree limb then tie an old tractor tire too it and walla...swing.
Oh I see now! But should there be a bed of straw beneath it in case it breaks or do you have to make sure you don't let the tire hang more than 61.8% from the ground to the tree branch just to be safe?
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #4,052
  • Jun 23, 2008 4:21am Jun 23, 2008 4:21am
Quoting Thexder
Hey Bo, I have a question if it's not too much trouble...how do you use the swing fib?
Lol you should go over this pdf file it might help you

Attached File(s)
File Type: pdf thexter swing fib lol.pdf   509 KB | 1,467 downloads
  • #4,053
  • Jun 23, 2008 4:24am Jun 23, 2008 4:24am
Quoting Thexder
Oh I see now! But should there be a bed of straw beneath it in case it breaks or do you have to make sure you don't let the tire hang more than 61.8% from the ground to the tree branch just to be safe?
Correct more than 61.8% and its too short. No straw is really needed, dirt works just fine.
  • #4,054
  • Jun 23, 2008 4:47am Jun 23, 2008 4:47am
Awesome! Thanks for the help guys. I know exactly what to do now.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #4,055
  • Jun 23, 2008 5:13am Jun 23, 2008 5:13am
Quoting Thexder
Awesome! Thanks for the help guys. I know exactly what to do now.
Np, now your all set to make millions.
  • #4,056
  • Jun 23, 2008 6:10am Jun 23, 2008 6:10am
i entered late into GU ,i entered at the intermediate short,thanks bobokus God will prosper ur trades,tnx again
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #4,057
  • Jun 23, 2008 6:28am Jun 23, 2008 6:28am
Quoting lordgbengs
i entered late into GU ,i entered at the intermediate short,thanks bobokus God will prosper ur trades,tnx again
Im still hanging on to mine from 1.9744, momentum apears to slowing now and I may close mine if we dont hit 1.9570 soon or let the market force me out at 1.9623.
  • #4,058
  • Jun 23, 2008 6:44am Jun 23, 2008 6:44am
Quoting Bobokus
Im still hanging on to mine from 1.9744, momentum apears to slowing now and I may close mine if we dont hit 1.9570 soon or let the market force me out at 1.9623.
Bo,

may I knw how ur E/Y fibo graph look lik??
Me.new to fib drawing and method!!!

sonic
  • #4,059
  • Jun 23, 2008 6:49am Jun 23, 2008 6:49am
thank i was stopped out wth some pips in my favor,the price touch my weekly long and bounced back as xteristic of GU,still waiting for a move back up lik u taught us,tnx man
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #4,060
  • Jun 23, 2008 7:24am Jun 23, 2008 7:24am
pls wat is the difference btw swing and rally?tnx
D labour of a fool wearieth him cos he doesn't know how to enta d city
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