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Simple & Consistent Fibbing Method

  • #221
  • Mar 10, 2010 4:54am Mar 10, 2010 4:54am
Price has broken the low of 4884 and is testing...
A. Finesse Williams Making Millions One Pip At A Time!
  • #222
  • Mar 10, 2010 4:58am Mar 10, 2010 4:58am
Quoting pathumracled
hello All,
please share the view attached using the viewer tool mentioned by Simoneg earlier. Quite Nifty.







my Notes: How To use Yascu Screen capture (On Metatrade 4.0):
(1) Find location of Yascu.exe; double click to actovate
(2) Choose loation to store pictures shots etc.
(3) Choose mode of operation {user Definedrecommended}
(4) Click n red record button.
(5) Go to the screen eg MT4.0
[color=blue](5)...

Nice signals on chart. Just be sure to look convergence of your different support and resistance levels.
A. Finesse Williams Making Millions One Pip At A Time!
  • #223
  • Mar 10, 2010 5:10am Mar 10, 2010 5:10am
Intraday range: 4980 - 4871. Bull targets: 4960 (high), 4980 (T1), 5017 (T2), and 5040 (T3). Bear Targets: 4834 (T2) and 5040 (T3), respectively.
A. Finesse Williams Making Millions One Pip At A Time!
  • #224
  • Mar 10, 2010 5:14am Mar 10, 2010 5:14am
Good Morning! Good going all! Please remember to explain the method in your charts so other traders can follow. Keep it simple! Also please bear in mind that you are now at the SUPPORT of the last UPSWING.

Trade safely!

Have a good day!
Simoneg
Hero Traders Live to see their Accounts Die!
  • #225
  • Mar 10, 2010 5:19am Mar 10, 2010 5:19am
Chart/fib set up:


http://img691.imageshack.us/img691/6558/cmcapture1s.jpg
A. Finesse Williams Making Millions One Pip At A Time!
  • #226
  • Mar 10, 2010 5:46am Mar 10, 2010 5:46am
Quoting simoneg
Good Morning! Good going all! Please remember to explain the method in your charts so other traders can follow. Keep it simple! Also please bear in mind that you are now at the SUPPORT of the last UPSWING.

Trade safely!

Have a good day!
Simoneg
good morn to you to. trading today?
A. Finesse Williams Making Millions One Pip At A Time!
  • #227
  • Mar 10, 2010 5:48am Mar 10, 2010 5:48am
Hi all Please see chart below for support hit, this was the ultimate target referred to earlier and the beginning of this sell. Usually major buying takes place here.

http://img10.imageshack.us/img10/8149/longh.jpg
Hero Traders Live to see their Accounts Die!
  • #228
  • Mar 10, 2010 5:50am Mar 10, 2010 5:50am
Quoting aswilled
good morn to you to. trading today?
Hey aswilled! Had not planned to, needed some rest. But as I got up I saw the market was at projected target so went long at 1.4887 on MAJOR SUPPORT.
Couldnt resist
Hero Traders Live to see their Accounts Die!
  • #229
  • Mar 10, 2010 5:58am Mar 10, 2010 5:58am
The Buyers market appears exhausted with the failure to make new highs and to break the trendline and 61.8.

http://img709.imageshack.us/img709/9845/cmcapture1o.jpg
A. Finesse Williams Making Millions One Pip At A Time!
  • #230
  • Mar 10, 2010 6:05am Mar 10, 2010 6:05am
Quoting simoneg
Hey aswilled! Had not planned to, needed some rest. But as I got up I saw the market was at projected target so went long at 1.4887 on MAJOR SUPPORT.
Couldnt resist
Good fill. I caught that one as well. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #231
  • Mar 10, 2010 6:20am Mar 10, 2010 6:20am
We are now enter entering into a seller's market with the break of the pivot.
Going short at 4937. TP: 4871.

http://img30.imageshack.us/img30/1940/cmcapture1y.jpg
A. Finesse Williams Making Millions One Pip At A Time!
  • #232
  • Mar 10, 2010 6:24am Mar 10, 2010 6:24am
Quoting aswilled
We are now enter entering into a seller's market with the break of the pivot.
Going short at 4937. TP: 4871.

http://img30.imageshack.us/img30/1940/cmcapture1y.jpg
Strong support @4921. Should I risk it.....
A. Finesse Williams Making Millions One Pip At A Time!
  • #233
  • Mar 10, 2010 6:36am Mar 10, 2010 6:36am
It looks good to break... We will see. Though you can't see this level on the smaller time frames, they show up on the larger ones. And as you know the larger time frame signals rule over the smaller ones.

http://img189.imageshack.us/img189/9618/cmcapture1p.jpg
A. Finesse Williams Making Millions One Pip At A Time!
  • #234
  • Mar 10, 2010 6:43am Mar 10, 2010 6:43am
Great!! It broke. I think I will change my TP to 4880. Because 80 is a natural s/r for the pound. And the previous up move's T3 support line is at 79. And thereabouts is a hourly double bottom. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #235
  • Mar 10, 2010 6:53am Mar 10, 2010 6:53am
Your system looks interesting and I plan to read back to the beginnings to get more details. I feel a retest of the Mar1 low of 1.4782 is in the near future and will be a nice battle ground for a large move. Thanks for your posts.
  • #236
  • Mar 10, 2010 7:08am Mar 10, 2010 7:08am
Enter LONG 1.4924
profit target1.50 - 1.5010
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 121 KB
  • #237
  • Mar 10, 2010 7:17am Mar 10, 2010 7:17am
Quoting aswilled
Good fill. I caught that one as well. :nerd:
Nice Trade!
Hero Traders Live to see their Accounts Die!
  • #238
  • Mar 10, 2010 7:18am Mar 10, 2010 7:18am
Quoting aswilled
The Buyers market appears exhausted with the failure to make new highs and to break the trendline and 61.8.

http://img709.imageshack.us/img709/9845/cmcapture1o.jpg

Thanks aswilled! Will pay attention to this!
Hero Traders Live to see their Accounts Die!
  • #239
  • Mar 10, 2010 7:20am Mar 10, 2010 7:20am
Quoting exposer
Enter LONG 1.4924
profit target1.50 - 1.5010

Good Entry exposer! Higher highs needed though so tight stops there!
Hero Traders Live to see their Accounts Die!
  • #240
  • Mar 10, 2010 7:51am Mar 10, 2010 7:51am
Didn't we have price rejection, to the downside, on the swing of the 1:15am High to the 3:300am low?

Meaning we broke that low but failed to reach the BEAR targets. So in that case the market SHOULD for the targets on the opposite side.

Can someone fib that high low please to show this? We should be heading upwards.

More precisely, adjusting the low to the 6:00am low, we go for those BULL targets.
Hero Traders Live to see their Accounts Die!
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