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  • #215,521
  • Mar 24, 2010 5:44am Mar 24, 2010 5:44am
Quoting dbfusion
I don't think this is a correct way to place fibo

sorry mate .
there is no wrong way to place it, it's a matter of reception.

btw: i expect strong resistance at 1.33190. if we look at the downmove from 1.514x as an ew, are we in wave 5 now?
  • #215,522
  • Mar 24, 2010 5:49am Mar 24, 2010 5:49am
it may go down to 3250-3200 but then come back to test 3440 before going down to 2400
  • #215,523
  • Mar 24, 2010 5:49am Mar 24, 2010 5:49am
Quoting Fx Newbie
ok tell me i am hear to learn
sorry really I mean no insult or anything its just I see a down trend and you took the fibo from down to the up side .

its quite difficult and easy in the same time to place a fibo .

you just have to define at which candle the trend has started and at which candle finished (not necessary the highs and the lows )

and if you take a fibo of a down trend you take it from the top to bottom (not as you did )

and fibo of an up trend is from bottom to top .

this way you could see retracements more clearly .

wish you all the best mate
I SEE YOU !!
  • #215,524
  • Mar 24, 2010 5:50am Mar 24, 2010 5:50am
Quoting Gld
looks good to me....here's mine
1st=3505
2nd=3466
3rd=3441
4th=3402
5th=3338
final=3249
hopefully these numbers coincide with gators ass chart
i've seemed to misplaced mine again
good morning all.....still got 2 running.....tp now or let run ? decisions,decisions
hang on to your bread......unless you want toast
  • #215,525
  • Mar 24, 2010 5:50am Mar 24, 2010 5:50am
Quoting Caravanpark
I think this pair seems to have its own Agenda at the moment, regardless of economic news....
That makes sense to me. I think so too, it had been down and could recover a little. So I keep on it. And about the news you are very right. No visible impact with them with what the pair is saying.
  • #215,526
  • Mar 24, 2010 5:51am Mar 24, 2010 5:51am
i've seen ppl placing fibs differently too... as long as the logic is correct i think its fine...

even the way i place fibs is different. i may or may not place at pivot points depending on whether the high/low is significant to me... at times i place it at some deviation from top/bottom

to me, what matters is whether ur stoploss u place allows deviation from exact reversal zones, which other factors comes into consideration... to make it work logically on ur plan
  • #215,527
  • Mar 24, 2010 5:52am Mar 24, 2010 5:52am
Quoting Gld
good morning all.....still got 2 running.....tp now or let run ? decisions,decisions
move sl to be+some and take half positions out, that's what i would do if in doubt.

a question about mt4: if i draw a fib, is there a way to have the price next to the percentage-values on the retracement lines?
  • #215,528
  • Mar 24, 2010 5:52am Mar 24, 2010 5:52am
Quoting dbfusion
sorry really I mean no insult or anything its just I see a down trend and you took the fibo from down to the up side .

its quite difficult and easy in the same time to place a fibo .

you just have to define at which candle the trend has started and at which candle finished (not necessary the highs and the lows )

and if you take a fibo of a down trend you take it from the top to bottom (not as you did )

and fibo of an up trend is from bottom to top .

this way you could see retracements more clearly .

wish you all the best mate
Thanks i got it now
Trade What You See and Not What You Think
  • #215,529
  • Mar 24, 2010 5:52am Mar 24, 2010 5:52am
i just can't believe it happened while i was sleeping..
  • #215,530
  • Mar 24, 2010 5:53am Mar 24, 2010 5:53am
Quoting Mr Hatch
there is no wrong way to place it, it's a matter of reception.

btw: i expect strong resistance at 1.33190. if we look at the downmove from 1.514x as an ew, are we in wave 5 now?
I disagree with that buddy , I believe there is a correct and wrong way of doing it.
I SEE YOU !!
  • #215,531
  • Mar 24, 2010 5:54am Mar 24, 2010 5:54am
Quoting Clouds
it may go down to 3250-3200 but then come back to test 3440 before going down to 2400
Fibs say 2876 possible before major bounce. Maybe? Wait....fib midpoint at 2969...that could do it too.
  • #215,532
  • Mar 24, 2010 5:56am Mar 24, 2010 5:56am
Quoting PriceVolume
Fibs say 2876 possible before major bounce. Maybe?
izzit? ima go check my charts. damn tts freaking low. tho im expecting a possible turn/pause around 32/31 if down is to end
  • #215,533
  • Mar 24, 2010 5:59am Mar 24, 2010 5:59am
Quoting Clairvoyant
izzit? ima go check my charts. damn tts freaking low. tho im expecting a possible turn/pause around 32/31 if down is to end
It's all in what you define as major. Major to me is something like we just went through...33 days of pullback/consolidation....if we stay on this path there will be plenty of decent pullbacks on lower timeframes....
  • #215,534
  • Mar 24, 2010 5:59am Mar 24, 2010 5:59am
Question: When the value of the currency is depreciating as is the Euro what are the implications for the residents of that country ? Does it mean they can afford to buy less things ?
  • #215,535
  • Mar 24, 2010 5:59am Mar 24, 2010 5:59am
If you have not entered a short for EUR/USD, you missed the boat......

Right now, depending on how wide your stop loss or time frame is, you may still follow the trend though =)
  • #215,536
  • Mar 24, 2010 6:01am Mar 24, 2010 6:01am
Quoting PriceVolume
Where's gator? I hate that he's missing this.....piling on just as he predicted!
i was sleeping like a baby... until my alarm just went off..
those who can, do. those who cant, talk about those who can
  • #215,537
  • Mar 24, 2010 6:02am Mar 24, 2010 6:02am
maybe it's because I don't have any of those so called vouchers but I did lay this move out for evervone in my last 5 posts. I'll even repost the charts for ya.
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All that is left in FF is just plain garbage. "Cloggie"
  • #215,538
  • Mar 24, 2010 6:03am Mar 24, 2010 6:03am
Quoting gatorinla
i was sleeping like a baby... until my alarm just went off..
You were feeling those green pips. Better than a wet dream.
  • #215,539
  • Mar 24, 2010 6:03am Mar 24, 2010 6:03am
Quoting Mr Hatch
move sl to be+some and take half positions out, that's what i would do if in doubt.

a question about mt4: if i draw a fib, is there a way to have the price next to the percentage-values on the retracement lines?
thanks hatch...have already taken 4 off
moved sl accordingly will let 2 run, afterall they're free !
hang on to your bread......unless you want toast
  • #215,540
  • Mar 24, 2010 6:04am Mar 24, 2010 6:04am
Quoting tonyo524
maybe it's because I don't have any of those so called vouchers but I did lay this move out for evervone in my last 5 posts. I'll even repost the charts for ya.
Good job. What tipped you to the timing?
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