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Fibonacci Paradise

  • #41
  • Apr 27, 2010 2:20am Apr 27, 2010 2:20am
This too me still looks good.

OGW.

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Greek 10y CDS spreads aren't getting any lower.

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MD.
Keep smiling
  • #42
  • Apr 27, 2010 2:25am Apr 27, 2010 2:25am
I'd zoom in to 1 hour now and try to find some short setups but if that 4h zero breaks I'd be in!

I'd better get on with my day job now chaps.

MD.
Keep smiling
  • #43
  • Apr 27, 2010 2:43am Apr 27, 2010 2:43am
[quote=Misterdaz;3673514]This too me still looks good.

OGW.

Actually, E/U is not falling much compared to G/U and A/U and both of these have fibs pointing higher if I'm not wrong. Hence I believe that it might go higher, 1.3442 Kissfan's fib TP from the lows is possible. That would not invalidate the fib and we may even get a rejection from the 50.0, your favorite setup, who knows?
  • #44
  • Apr 27, 2010 2:58am Apr 27, 2010 2:58am
[quote=OGW;3673604]
Quoting Misterdaz
This too me still looks good.

OGW.

Actually, E/U is not falling much compared to G/U and A/U and both of these have fibs pointing higher if I'm not wrong. Hence I believe that it might go higher, 1.3442 Kissfan's fib TP from the lows is possible. That would not invalidate the fib and we may even get a rejection from the 50.0, your favorite setup, who knows?
Just looking at s/r the market seems to be happy to sell EU at 1.3420, we'd have to break this on a long, why fight the trend?

Cable looks long to me on a 4h but not at the moment, it's going down like a bag of shite! Fib wise there is no support in your way on the larger fib to stop you trying to short cable but I fear you/we may have missed the boat.

MD.
Keep smiling
  • #45
  • Apr 27, 2010 3:23am Apr 27, 2010 3:23am
[quote=Misterdaz;3673675]
Quoting OGW

Just looking at s/r the market seems to be happy to sell EU at 1.3420, we'd have to break this on a long, why fight the trend?

Cable looks long to me on a 4h but not at the moment, it's going down like a bag of shite! Fib wise there is no support in your way on the larger fib to stop you trying to short cable but I fear you/we may have missed the boat.

MD.
Let's see, I'm not advocating longs, just thinking that we may have a chance to sell higher. Right now E/U bounced from its weekly open and also a trendline from the lows can be drawn...
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  • #46
  • Apr 27, 2010 4:24am Apr 27, 2010 4:24am
Maybe the short opportunity was at 1.3314? Fibs break, but so do trendlines.

MD.
Keep smiling
  • #47
  • Apr 27, 2010 4:38am Apr 27, 2010 4:38am
OGW, I think I broke your trendline. I juiced up my position and ran with 20 pips.

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Keep smiling
  • #48
  • Apr 27, 2010 4:46am Apr 27, 2010 4:46am
Great play Misterdaz, well done! I saw that fib coming too, the same one as on your chart. Call me stubborn, but I still think we'll go higher!
  • #49
  • Apr 27, 2010 4:51am Apr 27, 2010 4:51am
Quoting Misterdaz
OGW, I think I broke your trendline. I juiced up my position and ran with 20 pips.

Attachment
I've got to get me a laptop ASAP because I always seem to be at work when these great trades take place. Ive been watching the Gbp/Jpy on the hourly/15 minute chart and it's has been falling quite nicely!
  • #50
  • Apr 27, 2010 5:02am Apr 27, 2010 5:02am
Quoting OGW
Great play Misterdaz, well done! I saw that fib coming too, the same one as on your chart. Call me stubborn, but I still think we'll go higher!
The whole Greek debt thing is still weighing heavilly on the EUR and now there is some worry of contagion. On a 4h chart I think we are heading for 1.3100, definately if the zero breaks. But, I don't care I've made my money today.

MD.
Keep smiling
  • #51
  • Apr 27, 2010 5:14am Apr 27, 2010 5:14am
I just had a rummage around and found this chart on GY 1h. I've completely missed this deal but it is pure poetry and a good example of a great fib setup. 61.8 to pierce then a 38 perfect pullback, there's even a 50 thrown in there for good measure.

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MD.
Keep smiling
  • #52
  • Apr 27, 2010 5:31am Apr 27, 2010 5:31am
MD,
What's your opinion when a fib is pulled of an intermediate high but still have the respect of the inner fib levels ?
Have you done any trades off of fibs like this one ?
I was wondering if it's a valid tk fib setup.

SK
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  • #53
  • Apr 27, 2010 5:40am Apr 27, 2010 5:40am
Apologies, I meant to thank you for your comments last night so, much appreciated, a couple more questions were resolved!

You don't get away with it that easy though. You once mentioned fib chaining. I have some ideas what this could be but I wondered if you would shed some light on it?

Thanks, MD.
Keep smiling
  • #54
  • Apr 27, 2010 5:43am Apr 27, 2010 5:43am
Quoting skong
MD,
What's your opinion when a fib is pulled of an intermediate high but still have the respect of the inner fib levels ?
Have you done any trades off of fibs like this one ?
I was wondering if it's a valid tk fib setup.

SK
SK, I think if the fib fits, wear it! Look at my last EU trade, post 47 I think, it isn't quite on the high. I think the cycle can be anywhere, you just need to highlight it.

MD.
Keep smiling
  • #55
  • Apr 27, 2010 6:48am Apr 27, 2010 6:48am
I think I pulled my fib right on the Aud/Usd 60 minute chart. Does it look right to you guys?
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  • #56
  • Apr 27, 2010 7:34am Apr 27, 2010 7:34am
Quoting Checkz
I think I pulled my fib right on the Aud/Usd 60 minute chart. Does it look right to you guys?
I like the method, just be careful of the direction. Look at the 4 hour chart I have posted it the top of the tread. It's triggered long. I'm not saying you can't make any pips on shorts but it's much riskier.


Bartstop
  • #57
  • Apr 27, 2010 8:12am Apr 27, 2010 8:12am
Quoting skong
..or take it on the break of the inners if it happens as it is often a major reverse signal.

Is this what you mean ?

Thanks
SK
Spot on...that one was a full cycle and happend to work both ways...if you had spotted that it would have been easy living for for a little while.

Again if you see it take the target and reverse you can "gamble" trade by placing a reverse oreder with a stop outside of the 138 extension for great rr... you will lose here and there but with a pair like GY you will pocket 30-70 high RR pips.. and if you had run into something like you illustrated sk you could have made your quarter. These are just observed properties of fibs and ways to take advantage of them. Again a gorgeous set there sk.

TK
  • #58
  • Apr 27, 2010 8:12am Apr 27, 2010 8:12am
Quoting Checkz
I think I pulled my fib right on the Aud/Usd 60 minute chart. Does it look right to you guys?

Chuckle... no such thing as 100% chuckle..


Tk
  • #59
  • Apr 27, 2010 8:14am Apr 27, 2010 8:14am
Quoting skong
MD,
What's your opinion when a fib is pulled of an intermediate high but still have the respect of the inner fib levels ?
Have you done any trades off of fibs like this one ?
I was wondering if it's a valid tk fib setup.

SK

Be cogniscent of the larger fib...but in all reality if you see something you like you are in an 'on" fib the larger fib may just pause it for a wee minute

TK
  • #60
  • Apr 27, 2010 8:16am Apr 27, 2010 8:16am
I gotta ask, are you Scottish???

MD.
Keep smiling
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