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  • #101,821
  • May 27, 2009 6:59pm May 27, 2009 6:59pm
thats not a chart!! this is a chart.. part of the top calling..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #101,822
  • May 27, 2009 7:05pm May 27, 2009 7:05pm
Quoting knuckledrag
I was just wondering why on your fibs you use 78.6-79? Is there a reason you like that over 76.4?
Yeah... but I forget what it was now. Let me think about it, it may rise thru the murk into the sunlight...

In the meantime, here's an intriguiging 12 hr chart. The new candle just opened a minute ago.

This fib is actually from my 2 hr chart, I've simply toggled it to 12hrs. It's a great example of a fib that I have "grown" over the last few weeks and it still respects the fib levels pretty well but you can only see that clearly on a 4hr or lower TF. It has showed up frequently over the last weeks on various charts.

Try it and see payin close attention to the two recent taps on the 150% level on the 20th and 21st, before finally pushing thru late on the 21st which went on to set the most recent High...

Here we be again with resistance turned support for the time being.
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FUBAR...
  • #101,823
  • May 27, 2009 7:06pm May 27, 2009 7:06pm
Quoting gatorinla
thats not a chart!! this is a chart.. part of the top calling..
Gator I know your proud of it, but whipping that big thing out in public
You know they have laws in most states against such stuff.
  • #101,824
  • May 27, 2009 7:10pm May 27, 2009 7:10pm
Quoting knuckledrag
Gator I know your proud of it, but whipping that big thing out in public
You know they have laws in most states against such stuff.
sorry man it was the little blue pill.. thought we were camping.. i pitched a tent..
those who can, do. those who cant, talk about those who can
  • #101,825
  • May 27, 2009 7:18pm May 27, 2009 7:18pm
Quoting ak4x
Yeah... but I forget what it was now. Let me think about it, it may rise thru the murk into the sunlight...

In the meantime, here's an intriguiging 12 hr chart. The new candle just opened a minute ago.

This fib is actually from my 2 hr chart, I've simply toggled it to 12hrs. It's a great example of a fib that I have "grown" over the last few weeks and it still respects the fib levels pretty well but you can only see that clearly on a 4hr or lower TF. It has showed up frequently over the last weeks on various charts.

Try it and see payin...
AK - Always love your fib anal-ysis. This is what I'm looking at on my 4 hr. That's a 50 ema
Attached Image
Pip what you see; See what you pip!
  • #101,826
  • May 27, 2009 7:30pm May 27, 2009 7:30pm
Quoting ak4x
Yeah... but I forget what it was now. Let me think about it, it may rise thru the murk into the sunlight...

In the meantime, here's an intriguiging 12 hr chart. The new candle just opened a minute ago.

This fib is actually from my 2 hr chart, I've simply toggled it to 12hrs. It's a great example of a fib that I have "grown" over the last few weeks and it still respects the fib levels pretty well but you can only see that clearly on a 4hr or lower TF. It has showed up frequently over the last weeks on various charts.

Try it and see payin...
Ok that got me going back through charts. I've been looking at Bemac's stuff, and now I guess I'll look at that too.

Later guys, I have a ton of stuff happening before bed time.
  • #101,827
  • May 27, 2009 7:45pm May 27, 2009 7:45pm
the bigger chart trend line already posted and this one along with daily cht bollingers looking over sold to me and stochastic.. plus was atempting to draw a fib ahead of time were the reasons i picked those numbers as a top.. i know nothing about waves but saw saw predictable patterns.. placed a fib on the first pattern.. the fib matched future patterns. and came up with the numbers (actual number 4037) i added some cushion 4051.. then used the trendlines (actual number 4077) that were close as a safetly net 5105 .. but the fibs were within 13 pips.. believe it or not the fibs in this chart were seen friday... this is not the actual chart and placing a fib in the exact spot is hard.. this one actually overshoots the original..original had 4037 as top.. hope this may help.. picking a top is a fools game... and this one is still not out the woods..but keeping me honest..

oh the 300 ma on the daily and the 200 on the day week and month also influinced me..
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those who can, do. those who cant, talk about those who can
  • #101,828
  • May 27, 2009 7:52pm May 27, 2009 7:52pm
Expected 1.3830 stop sign notice the sideways action. Can potentially attempt a last minute uptick, but overall downward pressure to follow.
Looking towards a move down to 1.3700 and 1.3680 for a BUY limit or BUY STOP if needed...

Cheers
  • #101,829
  • May 27, 2009 7:55pm May 27, 2009 7:55pm
78.6 is the square root of 61.8

Meanwhile hasn't this been the draggest pre-tokyo opening period in a dogs age.
  • #101,830
  • May 27, 2009 8:03pm May 27, 2009 8:03pm
Quoting SunTrader
78.6 is the square root of 61.8

Meanwhile hasn't this been the draggest pre-tokyo opening period in a dogs age.
certainly hasn't been anything to write home about.
Pip what you see; See what you pip!
  • #101,831
  • May 27, 2009 8:06pm May 27, 2009 8:06pm
i hope, im looking for a little retrace so i can reload.
those who can, do. those who cant, talk about those who can
  • #101,832
  • Edited 8:26pm May 27, 2009 8:08pm | Edited 8:26pm
Quoting knuckledrag
... why on your fibs you use 78.6-79? Is there a reason you like that over 76.4?
Aha! I knew it was somewhere in my head... Had to dig thru my Old Forex Crap stuff folder...

Gimme a minute.... :nerd:

Essentially your primary fib numbers are the usual 38% and 62% numbers with some debate over the 50% number. I'm not trying to establish anything with mathematical precision here so I might leave off some of the decimal places.

There are also what are usually referred to as secondary fib levels... the 23% (.236)and 79% (.786) levels. I also use the 14% (.146) now with the low momentum ranging action being so prevalent lately and I generally find it "useful".

"Useful" is all I personally need to validate any tool I use and it's really just that simple for me. I doubt I'd ever debate the issue with a purist for instance. I'd rather buy him/her a Guinness. I have no idea where the 14% or 23% level came from cuz no one ever asked me (so don't start now) but it IS a default setting on my Accucharts platform and that's all I know.

As far as I know, the .764 number is simply 1.0 -.236 = .764 and Someone must have figured that made Sense until Someone Else realized that the square root of the primary fib number .618 is .786 (79%) which made more Sense and went with that instead. I like it so I use it.

It's way sexier and confuses people making them wonder what I know that they don't...

FWIW, .764 is also a default setting in Accucharts but what do they know? See pic below for what part of my current 2hr setup tool looks like. I have different ones for various TF's with different default levels on the Custom column. The positive and negative values also known as fib extensions and retracements are simply Plus or Minus the usual 0.00 and 1.00 anchors.

For anybody that Really Digs Fibs, you have to check out Bemacs ICCE thread. Mindblowing stuff...

If you Hate Fibs and want to debate any of this save your breath, Been there, Done that, Don't care. You know who you are.
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FUBAR...
  • #101,833
  • May 27, 2009 8:19pm May 27, 2009 8:19pm
Short at 1.3860 with stops at 1.3930 MAX
  • #101,834
  • May 27, 2009 8:23pm May 27, 2009 8:23pm
Quoting ak4x
You know who you are.
And remember Pivots Don't Work either, Stay away from them...
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FUBAR...
  • #101,835
  • May 27, 2009 8:36pm May 27, 2009 8:36pm
Just wait retrace at blue box that confluence with fibo 50.
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  • #101,836
  • May 27, 2009 8:50pm May 27, 2009 8:50pm
Quoting masut
Just wait retrace at blue box that confluence with fibo 50.
I was thinking 1.374 should be a hard stop if it goes there
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  • #101,837
  • May 27, 2009 8:51pm May 27, 2009 8:51pm
I closed my shorts from 1.411 ,1.3980and went long looking for 150 pips with SL tighter than normal. The gold lines are a channel drawn back to April 25

If this plays out Ill short from the 1.3960 area (yellow X)

I'll be short just below SL if plan goes south
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  • #101,838
  • May 27, 2009 9:00pm May 27, 2009 9:00pm
the excitement and energy level with this pair and on this thread is just a little to overwhelming for me right now - I think I need a break!
Pip what you see; See what you pip!
  • #101,839
  • May 27, 2009 9:01pm May 27, 2009 9:01pm
Up 13 movd SL to +2 I usually give her alot more room but
no tolerence for loss after last week
and I have a good start this week ,plan to holdit together

l
  • #101,840
  • May 27, 2009 9:02pm May 27, 2009 9:02pm
Quoting SeerEye
the excitement and energy level with this pair and on this thread is just a little to overwhelming for me right now - I think I need a break!

Never thought about this in that way!
Traders are smartasses
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