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Simple & Consistent Fibbing Method

  • #401
  • Mar 12, 2010 10:53am Mar 12, 2010 10:53am
1.5160 next target maybe?
  • #402
  • Mar 12, 2010 10:54am Mar 12, 2010 10:54am
Very nice Pin bar I'm glad my stop was high enough to stay in.
  • #403
  • Mar 12, 2010 10:56am Mar 12, 2010 10:56am
Quoting Poocher
1.5160 next target maybe?
Is it 1.5160 or 70?

Please fib the last high to the low we just bounced and tell me what the 50% level is.

Thanks!
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  • #404
  • Mar 12, 2010 10:58am Mar 12, 2010 10:58am
You're right...1.5169= 50%
  • #405
  • Mar 12, 2010 11:01am Mar 12, 2010 11:01am
Quoting Poocher
You're right...1.5169= 50%
Cool!

Also keeping in mind our analysis from the beginning of this week! Post #78

Targets may be a little bit higher.
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  • #406
  • Mar 12, 2010 11:19am Mar 12, 2010 11:19am
This is Friday and from this time until close, I think the activity will be light as the big boys already head for lunch and then golf! I am not sure how much PA will we see...What do you think?
  • #407
  • Mar 12, 2010 11:23am Mar 12, 2010 11:23am
I closed my short at 81 and am up on the day.

Thanks Simoneg, sure look forward to the pdf if you get time this weekend.
  • #408
  • Mar 12, 2010 11:24am Mar 12, 2010 11:24am
Quoting meovn63
This is Friday and from this time until close, I think the activity will be light as the big boys already head for lunch and then golf! I am not sure how much PA will we see...What do you think?
Quiet possible meovn. Let us see how hungry they are! lol
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  • #409
  • Mar 12, 2010 11:36am Mar 12, 2010 11:36am
Quoting Poocher
I closed my short at 81 and am up on the day.

Thanks Simoneg, sure look forward to the pdf if you get time this weekend.
Great Poocher! Have good weekend! Will post a link in Post #1.
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  • #410
  • Mar 12, 2010 11:36am Mar 12, 2010 11:36am
Now that it hits .5169. What now? Going back up to H4 TL or further down?
  • #411
  • Mar 12, 2010 11:39am Mar 12, 2010 11:39am
Quoting meovn63
Now that it hits .5169. What now? Going back up to H4 TL or further down?
Waiting on this candle to close.
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  • #412
  • Mar 12, 2010 11:46am Mar 12, 2010 11:46am
Not a bad close.
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  • #413
  • Mar 12, 2010 11:47am Mar 12, 2010 11:47am
Yes, now we have a doji. I am going for reverse to back up the TL
  • #414
  • Mar 12, 2010 11:48am Mar 12, 2010 11:48am
meovn, can i see your chart with the H4 Trendline?
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  • #415
  • Mar 12, 2010 11:49am Mar 12, 2010 11:49am
Hi simoneg thanks for your efforts.

Is this a "breech" validating shorts?

http://img364.imageshack.us/img364/3...5mar121745.gif
Non sunt multiplicanda entia preater necessitaem
  • #416
  • Mar 12, 2010 11:51am Mar 12, 2010 11:51am
Quoting Zaka
Hi simoneg thanks for your efforts.

Is this a "breech" validating shorts?

http://img364.imageshack.us/img364/3...5mar121745.gif
You are welcome Zaka! Yes it is.
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  • #417
  • Mar 12, 2010 11:56am Mar 12, 2010 11:56am
Unfortunately, I don't know how to do that....
  • #418
  • Mar 12, 2010 11:57am Mar 12, 2010 11:57am
Quoting simoneg
You are welcome Zaka! Yes it is.
Thanks,

usually trade based on MA and PA and your method got my attention, thanks also to Aswilled for his contribution. I might contribute ocasionally.

Did you noticed the bounce from 20% fib on daily, how strong this might be I'm not sure.
Non sunt multiplicanda entia preater necessitaem
  • #419
  • Mar 12, 2010 11:58am Mar 12, 2010 11:58am
If you go to the day chart and draw the line from 1.6260 through the top of 1.5800 area, you will see the trend line on the H4 which top at about 1.5247-50 area
  • #420
  • Mar 12, 2010 11:59am Mar 12, 2010 11:59am
Quoting Zaka
Thanks,

usually trade based on MA and PA and your method got my attention, thanks also to Aswilled for his contribution. I might contribute ocasionally.

Did you noticed the bounce from 20% fib on daily, how strong this might be I'm not sure.

Do you mean the bounce that started this buy?
Hero Traders Live to see their Accounts Die!
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