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Simple & Consistent Fibbing Method

  • #301
  • Mar 11, 2010 7:59am Mar 11, 2010 7:59am
The bulls is really battling at that figure because they know if the bears get it under there its 2000 leagues under the sea.
A. Finesse Williams Making Millions One Pip At A Time!
  • #302
  • Mar 11, 2010 8:10am Mar 11, 2010 8:10am
Not competing at all aswilled. This method showed that the safer short entry is below 1.5033. Continuing to use that and lets keep in mind the intention is to share not compete.

Bless!
Simoneg
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  • #303
  • Mar 11, 2010 8:13am Mar 11, 2010 8:13am
Quoting simoneg
Not competing at all aswilled. This method showed that the safer short entry is below 1.5033. Continuing to use that and lets keep in mind the intention is to share not compete.

Bless!
Simoneg
I agree.
A. Finesse Williams Making Millions One Pip At A Time!
  • #304
  • Mar 11, 2010 8:21am Mar 11, 2010 8:21am
Looks like I would've missed on some nice action, if I was trading But I am still learning, so...
Aswilled, just like you said, after the touching of 10 DMA, the price reversed. Did you catch that move up? Could you post what were the triggers and setup to do it, if you saw it coming? Obviously when you have a chance, right now it looks like it's testing 4990 again.
Thank you
  • #305
  • Mar 11, 2010 9:23am Mar 11, 2010 9:23am
Quoting aswilled
How long are you going to hold it?
I closed my short after I saw how price could not brake Daily H/L 50 % Fib level 1.4996
  • #306
  • Mar 11, 2010 9:35am Mar 11, 2010 9:35am
Long off 1.4990 support triggered, now watching reaction to trendline, as this will be the 3rd hit on the downward trendline from this morning's high.
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  • #307
  • Edited 10:33am Mar 11, 2010 10:22am | Edited 10:33am
Second long off 1.5033 support. Can someone please fib today's high and low and tell me what the BULL targets are,i.e. 134% and 155%

Watching resistance at today's high!

Thanks!
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  • #308
  • Mar 11, 2010 10:35am Mar 11, 2010 10:35am
hi
1,5105 and 1,5131
  • #309
  • Mar 11, 2010 10:37am Mar 11, 2010 10:37am
Quoting beta
hi
1,5105 and 1,5131

Thanks very much beta!
Hero Traders Live to see their Accounts Die!
  • #310
  • Mar 11, 2010 10:43am Mar 11, 2010 10:43am
Closed all longs! Watching 1.5033 support again.
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  • #311
  • Mar 11, 2010 11:20am Mar 11, 2010 11:20am
The 50% level (1.5044) of the swing from 1.5066 to 1.5026 has been breached. Possible shorts lining up here.

Next breach level 1.5028 (from swing of 1.5066 to 1.4991).
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  • #312
  • Mar 11, 2010 11:36am Mar 11, 2010 11:36am
This is a great post! Thank you for sharing the info. I have a question about the trading timeframe. Are you trading both London and NY or only the overlap? If trading both, are you trading the first 2-21/2 hours only or the entire session? Thank you.
  • #313
  • Mar 11, 2010 12:01pm Mar 11, 2010 12:01pm
Quoting meovn63
This is a great post! Thank you for sharing the info. I have a question about the trading timeframe. Are you trading both London and NY or only the overlap? If trading both, are you trading the first 2-21/2 hours only or the entire session? Thank you.
You are welcome meovn63! I trade both London and NY. I don't really have a specific length of time in each session. I pretty much exit once targets are reached, whenever that may be, and search for other setups in NY. Sometimes there may be overlaps.
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  • #314
  • Mar 11, 2010 12:07pm Mar 11, 2010 12:07pm
Based on your experience, do you find that is it worth our time to spend in NY session between 10am to 1pm (closing) to trade as activity / volume is not there as the big boy may not be in the market?
  • #315
  • Mar 11, 2010 12:11pm Mar 11, 2010 12:11pm
Quoting meovn63
Based on your experience, do you find that is it worth our time to spend in NY session between 10am to 1pm (closing) to trade as activity / volume is not there as the big boy may not be in the market?
I personally prefer not be opening new positions after 11am-12noon, based on that activity / volume fact. You may however have days with exceptional activity. But for the most part I prefer 3:00am to 11:00am EST...better setups & profit, faster moves.
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  • #316
  • Mar 11, 2010 12:16pm Mar 11, 2010 12:16pm
Many thanks! That helps with my understanding.
  • #317
  • Mar 11, 2010 12:19pm Mar 11, 2010 12:19pm
Quoting meovn63
Many thanks! That helps with my understanding.
Great!!!
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  • #318
  • Mar 11, 2010 12:36pm Mar 11, 2010 12:36pm
Quoting Vark
Looks like I would've missed on some nice action, if I was trading But I am still learning, so...
Aswilled, just like you said, after the touching of 10 DMA, the price reversed. Did you catch that move up? Could you post what were the triggers and setup to do it, if you saw it coming? Obviously when you have a chance, right now it looks like it's testing 4990 again.
Thank you
I watch support and resistance and trade accordingly. What made me take the sell is when I seen what price was doing at that S/R. By watching the battle on the 1m. So I sold at 5060. Sorry it took me so long. Got sleepy...
A. Finesse Williams Making Millions One Pip At A Time!
  • #319
  • Mar 11, 2010 1:01pm Mar 11, 2010 1:01pm
I am glad at our participation in this post. Glad to see we all are prospering and helping others to prosper. Blessed to be a blessing!!! If anyone is new to forex, or haven't gotten a well rounded education in forex, they can pm me and tell me what knowledge they are lacking and I will be glad to assist you on get the info you need to understand all the concepts and methods to forex and trading. @simon: how is the pdf coming along? :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #320
  • Mar 11, 2010 1:17pm Mar 11, 2010 1:17pm
Quoting aswilled
I am glad at our participation in this post. Glad to see we all are prospering and helping others to prosper. Blessed to be a blessing!!! If anyone is new to forex, or haven't gotten a well rounded education in forex, they can pm me and tell me what knowledge they are lacking and I will be glad to assist you on get the info you need to understand all the concepts and methods to forex and trading. @simon: how is the pdf coming along? :nerd:
Hey aswilled! Indeed I am happy to see that too. I should be finished with the document and have it up by this weekend.
Thought I would cover, Trendlines, Fibonacci Extenstions and Retracements, Support and Resistance, then the specifics of this method. So it is taking a bit of time to complete, but almost there.
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