DislikedSure man ..the middle yellow line .... If you trade use Asctrend indi.. for signals generation ...Ignored
Yea thanks, its a pretty solid indicator.
- #443
- Jun 16, 2009 11:39am Jun 16, 2009 11:39am
Look like DJIA is falling deeper. If it gather strength I am looking at EU to go back toward the pivot.
"I am convinced that He (God) does not play dice." - Albert Einstein
- #444
- Jun 16, 2009 11:51am Jun 16, 2009 11:51am
Finally seems the Americans are selling ... some movement at last ...
Things are still looking good folks .... Hey DOVO are are we doing so far ...
..
Seems like ams and Tracom are away now ... The Americans are really selling here and the dollar index gaining ...
Hey DOVO ... I still thing we could head south for quite a fair dip ... Still scalping the dips ...
and monitoring DJIA ...
..Seems like ams and Tracom are away now ... The Americans are really selling here and the dollar index gaining ...
Hey DOVO ... I still thing we could head south for quite a fair dip ... Still scalping the dips ...
and monitoring DJIA ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #447
- Jun 16, 2009 1:20pm Jun 16, 2009 1:20pm
Things are still looking good folks .... Hey DOVO are are we doing so far ...
Seems like ams and Tracom are away now ... The Americans are really selling here and the dollar index gaining ...
Hey DOVO ... I still thing we could head south for quite a fair dip ... Still scalping the dips ...
I think so too. DJIA is moving south but there is a big resistance at the 1.3830 level that EU can't break through yet. I am waiting for it go break that level to go toward the -0.382 m-fibo level which is clustered with yesterday low.
S at 1.3805 .... a major day support too .... Am looking at that one ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #452
- Jun 16, 2009 7:41pm Jun 16, 2009 7:41pm
Hi house ...
Anyone willing can now post tomorrows trading quartiles from m-fibo ... I do hope by now we all know how to interpret m-fibo quartiles ....
So ... It's open
Here we go:
EURO
To the upside:
100% @ 1.4068 confl. w/ +76.4%
61.8% @ 1.3981 confl. w/ +23.6%
38.2% @ 1.3927 confl. w/ yesterday's high
Pivot @ 1.3839 confluences with 50% fib
To the downside:
-38.2% @ 1.3751 confl. w/ yesterday's low
-61.8% @ 1.3696 confl. w/ -23.6%
-100% @ 1.3609 confl. w/ -76.4%
POUND
To the upside:
100% @ 1.6507 confl. w/ yesterday's high
61.8% @ 1.6434 confl. w/ 76.4%
38.2% @ 1.6372 confl. w/ 61.8%
Pivot @ 1.6315 confl. w/ 38.2%
To the downside:
-38.2% @ 1.6242 confl. w/ n/a
-61.8% @ 1.6196 confl. w/ yesterday's low
-100% @ 1.6123 confl. w/ n/a
Cheers !
Heidi
- #454
- Jun 16, 2009 10:37pm Jun 16, 2009 10:37pm
Well, let's see whether I can get it right. I'm using a broker with GMT 0. I noticed mine are always a bit different by a few pips than yours, Popee. I guess it's broker related.
Here we go:
EURO
To the upside:
100% @ 1.4068 confl. w/ +76.4%
61.8% @ 1.3981 confl. w/ +23.6%
38.2% @ 1.3927 confl. w/ yesterday's high
Pivot @ 1.3839 confluences with 50% fib
To the downside:
[color=Red]-38.2% @ 1.3751 confl. w/ yesterday's low
-61.8% @ 1.3696 confl. w/ -23.6%
-100% @ 1.3609 confl....
..Back here, my broker is at GMT+2, hence the variance in prices .. but the most important thing is giving m-fibo values for a new day after m-fibo turns ..... This are my values here ...
EU:
Pivot = 1.3839 , cluster with x_fibo 50.0
North: .382=1.3909 .618=1.3952 1.0=1.4023, cluster with +50.0
South: .382=1.3768 .618=1.3725 1.0=1.3655, cluster with -50.0
Cable:
Pivot=1.6374, lying btw 50.0 and 61.8 x_fibo
North: .382=1.6487 .618=1.6557 1.0=1.6670
South: .382=1.6261 .618=1.6191 1.0=1.6078
No clusters for cable ...
So Heidi ... If m-fibo turned ... pls confirm if you have similar values ...
significance of median grid ....
Acts as a reference point, a tool to provide perspective and scale, and that makes it very useful. Consider the following alternatives involving PA:
Close to the median -expected to move away;
Close to the extremes - expected to move towards median;
If it breaks an extreme - in the direction of the trend you expect it to continue;
If it breaks extremes against the longer term trend - you must anticipate the possibility of a deeper correction but also an imminent return to the median area (i.e. false breaks).
Why the emphasis?
It creates for me the context within which I ply my trade, the hill from which I survey the currency highway. It gives me a perspective of the market that is large enough for me not to be a victim of randomness but small enough to suit my goals as a day trader.
It is also useful because it sets parameters with ‘quadrants’ based on price levels which in turn create comfort zones, making my decision-making easier and better ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #455
- Jun 16, 2009 10:49pm Jun 16, 2009 10:49pm
Hi all. Is anyone else having trouble with the Sidus? By that I mean that it doesn't always post/place its self in the current TF unless I change TF and then go back to the original TF. By then I have missed the move to my liking. When the Sidus and Asctrend both indicate on the same candle, it's virtually a winner every time. I have deleted/re-installed the indicator several times, but with no luck....Any suggestions?
Cheers...
It is also good that you recognized when Sidus and Asctrend both indicate on the same candle, it's virtually a winner every time ...
..My Charts .... Notice m-fibo lines ... and some today have no much divergence from the Pivot .. PA could flip either way ... mostly upwards ...
EU
Cable
FYI: I had indicated earlier that the 1.3826 region in EU is crucial ... PA seems up to now to be very undecided around that area .... This will be the neck-breaker .. whether we are looking at just a corrective retracement or a deeper reversal ... so watch this space ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #459
- Jun 17, 2009 12:42am Jun 17, 2009 12:42am
Hi all. Many thanks to Heidi & Popee re projections for today. As a newbee, I am trying to understand the fibs that you use.
Are you saying that we don't trade the yellow fibs, and wait for PA to reach/trade towards the purple/light blue fibs, and the red/blue fibs are overbought/oversold areas?
Would you also be suggesting that we only trade & or scalp (if one is inclined to) when PA goes north/south of the pivot but a reversal is highly probable?
Thanks for the clarification.
Cheers...
Not necessarily ... what I mean by median grid trading is just limiting your trading to the quartiles provided by m-fibo. You can trade anyway the signals are generated for entries but along the trend of COG ...
And yes .. the extreme X_fibo levels are breakouts of the previous days high and lows i.e ... fibo projections .. Consider the scenerios I have posted here ..
Close to the extremes - expected to move towards median;
If it breaks an extreme - in the direction of the trend you expect it to continue;
Hope it is clear now ... just hang in their .. you will get it ...
"I am convinced that He (God) does not play dice." - Albert Einstein