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  • #6,081
  • Sep 29, 2008 8:15am Sep 29, 2008 8:15am
Quoting Shermenator
Yep I completly agree...I have been in this journey since page 150 or something like that back when I was jets211990 lol...Best learning experience ever
Yu
you are from New Jersey?
  • #6,082
  • Sep 29, 2008 8:19am Sep 29, 2008 8:19am
Bo, I forgot to mention the chart is NZDJPy 1hr 9/25/08. I checked Forex Charts data feed so I know the interbank price drop is an errror. Thanks
  • #6,083
  • Sep 29, 2008 8:26am Sep 29, 2008 8:26am
fxchi thanks for the tip. your a life saver. Not sure what flavor, but your one for sure.
  • #6,084
  • Sep 29, 2008 8:33am Sep 29, 2008 8:33am
Bo or anyone, I notice when screenshots are posted you can zoom in, but when I post one you can't zoom in. Is there something I am forgetting to do? Do I need to enlarge the view, before posting it?
  • #6,085
  • Sep 29, 2008 9:29am Sep 29, 2008 9:29am
Greetings,

If, like me, you are confused about the intraday fib placement, may I suggest reading Bo's response to my question on Friday. On page 403 Bo outlines in great detail the reasoning behind last week's intraday fib placements and why they were moved.

Hope you find this helpful. I sure did.

Regards
  • #6,086
  • Sep 29, 2008 10:15am Sep 29, 2008 10:15am
Quoting kpt1956
Bo, while back I mentioned looking at chart with data feed errors from the interbank fx 4.0 . Is there anyway I can manually correct the data errors or should I contact interbank? It really plays havoc in my chart view with the fibs.
I had the same issue with fxdd. I fixed this by reinstalling my mt4
  • #6,087
  • Sep 29, 2008 1:09pm Sep 29, 2008 1:09pm
I made 60 cents, my first trading day didn't go so bad, although price is still horribly unpredictable, hopefully after news tommorow price might actually go somewhere. If you look on the 1H timeframe there are massive wicks, as for some reason price skyrocket then fell through the roof. Luckily I've gained the experience not to jump in and jump out. Thanx Everyone, today went good.

Cheers.
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #6,088
  • Sep 29, 2008 3:50pm Sep 29, 2008 3:50pm
hello bo, i am back again, i have been away almost althrough last week, not much time to trade due to very funny factors...internet connection and light.anyway, is anyone trading EUR/USD at the moment?
Bo, you once said you dont like trading the asian section cos it gives falls signals.today will be the first day i will be trading it cos i have no option than to trade this time cos i will not be chanced during the day,surprisingly EUR/USD has gone down and i have missed the first opportunity of taking some pips though its still a demo account but to crown it all...are you trading EUR/USD at the moment bo?can you please post your chat??

happy pisp taking
  • #6,089
  • Sep 29, 2008 3:59pm Sep 29, 2008 3:59pm
how are you nice guy77.please can you shed more light also on your system you have been talking about?i mean about your modified fib system>what is it all about..i am just curious though bo's system is working for me majestically i must confess but i am still curious about your modified fib if you dont mind to say something about it.

happy pips taking.
  • #6,090
  • Sep 29, 2008 3:59pm Sep 29, 2008 3:59pm
price on EU is just now getting down to the Long of the big uptrend. Good chance of a big bounce up now maybe...
Which is also a pivot from last months uptrend (not marked on the pic). Could be a good trade
Attached Image (click to enlarge)
Click to Enlarge Name: eu2909_daily.gif Size: 29 KB
  • #6,091
  • Sep 29, 2008 4:02pm Sep 29, 2008 4:02pm
one more thing i just noticed on the EUR/USD chart...can you look at the retracement fib?any message been passed from it bo? cos i was thinking since price retraced at the 61.8% of the retracement fib, price may still continue to go down now through the asian section...please what do you think?do i make sense at all?

happy pips taking
  • #6,092
  • Sep 29, 2008 4:26pm Sep 29, 2008 4:26pm
Quoting kpt1956
Bo or anyone, I notice when screenshots are posted you can zoom in, but when I post one you can't zoom in. Is there something I am forgetting to do? Do I need to enlarge the view, before posting it?
Are you posting the chart with the attachments menu or copy and pasting into the text ?
  • #6,093
  • Sep 29, 2008 4:37pm Sep 29, 2008 4:37pm
Quoting bjpumping
hello bo, i am back again, i have been away almost althrough last week, not much time to trade due to very funny factors...internet connection and light.anyway, is anyone trading EUR/USD at the moment?
Bo, you once said you dont like trading the asian section cos it gives falls signals.today will be the first day i will be trading it cos i have no option than to trade this time cos i will not be chanced during the day,surprisingly EUR/USD has gone down and i have missed the first opportunity of taking some pips though its still a demo account but to crown it all...are you trading EUR/USD at the moment bo?can you please post your chat??

happy pisp taking
Yes, Ive been primarily trading the Euro over the past few weeks.
Trading the asian session can be dangerous since the market is normally in a consolidation period during this time, but the conditions lately are making it appear tempting. Its tradeable for the mean time but eventually everything will return to more normal conditions and the asian session will again be like watching paint dry.
This one is a little cluttered since I have everything on it, but here is the current Euro.
Attached Image (click to enlarge)
Click to Enlarge Name: euro0929.gif Size: 20 KB
  • #6,094
  • Sep 29, 2008 4:41pm Sep 29, 2008 4:41pm
Quoting jicjoc
price on EU is just now getting down to the Long of the big uptrend. Good chance of a big bounce up now maybe...
Which is also a pivot from last months uptrend (not marked on the pic). Could be a good trade
If it would show some signs of support holding from the lower timeframes, Im with you on that one. I would like to see it test the long level of the downtrend so we can get some more of these long extended short positions.Daily candle high break may be a good entry as well.
  • #6,095
  • Sep 29, 2008 4:47pm Sep 29, 2008 4:47pm
Quoting bjpumping
one more thing i just noticed on the EUR/USD chart...can you look at the retracement fib?any message been passed from it bo? cos i was thinking since price retraced at the 61.8% of the retracement fib, price may still continue to go down now through the asian section...please what do you think?do i make sense at all?

happy pips taking
Your Retracement fib can be moved up since its target range was met earlier last week, pull your Retracement from the 22nd back to the 11th. Should see it teeter todering back and forth around the pivot point of that placement. Yep as it stands right now it can go either way with all the panic in the markets.The bailout debacle today created some excellent panic movement today in all the markets...now with it being up for vote again Thursday we may get to do it all over again.........please, please, please repeat today!.....LOL
  • #6,096
  • Sep 29, 2008 10:18pm Sep 29, 2008 10:18pm
Right now a trade in any direction is a bitt risky since the trend is attempting to change a bitt so I would be cautious in intraday trading I will most likely trade a different curreny to trade something with a more clear direction today...though as of right now it is more bearish then bullish a break of yesterday low and I will say the bears are taking over the direction since supports of larget timeframes would be failing

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #6,097
  • Sep 30, 2008 12:55am Sep 30, 2008 12:55am
This is my current gu.
Comments Bo?

I really have to drum it into my head to just wait on the intraday levels to be respected. When they do, they give lovely pips like the one marked.

Instead i took a stupid long trade on the EU that i wasnt sure of at all.

Intraday levels, when respected, after a strong previous days move, are bankers!
Attached Image (click to enlarge)
Click to Enlarge Name: gu2909.gif Size: 32 KB
  • #6,098
  • Sep 30, 2008 1:44am Sep 30, 2008 1:44am
Bo, I am using attachments to post screenshots. Should I copy and paste to the text?
  • #6,099
  • Sep 30, 2008 2:30am Sep 30, 2008 2:30am
Bo, I went back to my posted screenshot and it seems to be functioning okay now, did you fix anything on it or was there a glitch when I first posted?
  • #6,100
  • Sep 30, 2008 2:34am Sep 30, 2008 2:34am
Bo, in all this credit turmoil I find it interesting that nobody seems to blame us currency traders for anything. Not that I want them to, but the "no shorting" rules in stocks would steam me if I was a stock trader. I mean for us its bread and butter. No shorting rules in forex would real suck.
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