Is It A Retracement !?
* Never Trust To Any Indicator * 
Cable Update (GBPUSD)
- #194,042
- Jan 18, 2010 11:56pm Jan 18, 2010 11:56pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
the text in the chart says 6171
Veni, Vidi, Vici (We came, we saw, we conquered)
- #194,043
- Jan 18, 2010 11:59pm Jan 18, 2010 11:59pm
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
Dr. D,
A thing of beauty. Practically every EMA is at a Fibonacci line.
hallo Ctic, i found in your chart there are some ball with number...is that EW counting?? can i have it? many thanks....
I will be the number one Manager.
- #194,044
- Jan 19, 2010 12:01am Jan 19, 2010 12:01am
should say 1.6470 as per the TP. I'm sure you can put 1 and 1 together right...
just wanted to point out the typo. i agree with your view. i have same fibos and i think there is a strong resistance at that level.
- #194,045
- Jan 19, 2010 12:11am Jan 19, 2010 12:11am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Good Morning All,
I love waking up to Pips!
The ride up has been a little different for me in that I've taken every bit of profit each leg up so I can increase my lot size. This was due to a bad mistake on my 2nd trading day of the year, taking out almost all of my demo account.
Restarted off with 0.05 lots, then 0.1, and now I've a trade from 1.64140 @ 0.4 lots heading for my target of 1.64795. At this point, I'll leave it open with an SL @ 1.63735.
I think she'll make my 2nd projection of 1.66016 before retracing to 1.63574.
Chatter of going to 1.9 makes me giggle - only because of earlier chatter of 1.5... I just don't wanna guess anymore as this kind of thinking made me enter bad trades.
But for entertainment - to go to 1.9, based on Fibs on a !Weekly!, we would have to break all current highs (Fib 50%), then break 200EMA and the 61.8% @ 1.75, trek through Murrey Math danger zone of 1.855 before hitting our glorious 1.95 number. I'd honestly rather take a short... but... there's just nothing like the PRESENT!
Ok, gots to get to work. Careful trading today Bears - don't go calling tops! Bulls, protect your profits!
Good Luck All!
I love waking up to Pips!
The ride up has been a little different for me in that I've taken every bit of profit each leg up so I can increase my lot size. This was due to a bad mistake on my 2nd trading day of the year, taking out almost all of my demo account.
Restarted off with 0.05 lots, then 0.1, and now I've a trade from 1.64140 @ 0.4 lots heading for my target of 1.64795. At this point, I'll leave it open with an SL @ 1.63735.
I think she'll make my 2nd projection of 1.66016 before retracing to 1.63574.
Chatter of going to 1.9 makes me giggle - only because of earlier chatter of 1.5... I just don't wanna guess anymore as this kind of thinking made me enter bad trades.
But for entertainment - to go to 1.9, based on Fibs on a !Weekly!, we would have to break all current highs (Fib 50%), then break 200EMA and the 61.8% @ 1.75, trek through Murrey Math danger zone of 1.855 before hitting our glorious 1.95 number. I'd honestly rather take a short... but... there's just nothing like the PRESENT!
Ok, gots to get to work. Careful trading today Bears - don't go calling tops!
Bulls, protect your profits!Good Luck All!
A pip is only worth it if you know how much you risked to earn it
- #194,047
- Jan 19, 2010 12:16am Jan 19, 2010 12:16am
- | Joined Apr 2008 | Status: Trader | 1,231 Posts | Online Now
- #194,048
- Jan 19, 2010 12:23am Jan 19, 2010 12:23am
- Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts
- #194,050
- Jan 19, 2010 12:38am Jan 19, 2010 12:38am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #194,051
- Jan 19, 2010 12:40am Jan 19, 2010 12:40am
- Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts
- #194,054
- Jan 19, 2010 12:52am Jan 19, 2010 12:52am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
I believe that is the one tht you are looking for. It is a form of the wave. It is a program that TRO posted on this sie a long time ago. I use it smiply to see the Highs and lows to use with my MA's and Fib lines.
btw why the indicator just counting until 3 ?? is the programer not pass his elementery school? i thought EW counting 5+3...
is there any side that i can know the meaning of the counting?...or a manual book maybe...
and btw again, many-many thank'sssss...c u...
I will be the number one Manager.
- #194,055
- Jan 19, 2010 12:54am Jan 19, 2010 12:54am
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
