Fibonacci Paradise | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Are we living in a fool's paradise? 8 replies

Back From Paradise: Lessons to Learn 19 replies

fibonacci 4 replies

Attachments: Fibonacci Paradise
Exit Attachments

Fibonacci Paradise

  • #161
  • Apr 29, 2010 2:04pm Apr 29, 2010 2:04pm
Quoting Misterdaz
I don't know if this fib has any tradable meaning but it has respect going on all over the place and, if I'm not mistaken, it's pointing long.

Attachment
As far as I'm concerned, the white fib is still valid until the 100 is breached. Time will tell. If I'm wrong, I lose big. Really big.

The yellow line is the 138 fib TK had me draw yesterday. Maybe that's our turnaround?

Bartstop
Attached Image (click to enlarge)
Click to Enlarge Name: eu yellow.gif Size: 22 KB
  • #162
  • Apr 29, 2010 2:24pm Apr 29, 2010 2:24pm
I'd be interested to know why you got in, what setup you took. This isn't to criticise but if we are wrong we need to learn by our mistakes. If you have posted the trade earlier in the thread then apologies.

MD.
Keep smiling
  • #163
  • Apr 29, 2010 2:52pm Apr 29, 2010 2:52pm
Quoting Misterdaz
I'd be interested to know why you got in, what setup you took. This isn't to criticise but if we are wrong we need to learn by our mistakes. If you have posted the trade earlier in the thread then apologies.

MD.
No problem. The blue 4hr fib was respected and active (pierce). The white fib appeared to be a good fib, lots of respect. I took the break of the 0 line.

I really don't think we're wrong. I think we got a pierce on the white fib and now it's pulled back. It just hasn't completed yet. We got caught in a retrace. That's all.......I hope.

Patience young grasshopper.

Here, look at this 4 hour. Does it look like a bad fib to you?

Maybe we should both start picking our nose, that always seems to help.


Bartstop
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4 white.gif Size: 16 KB
  • #164
  • Apr 29, 2010 3:01pm Apr 29, 2010 3:01pm
Hi there, what do you think of this setup?
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 27 KB
  • #165
  • Edited 4:43pm Apr 29, 2010 4:27pm | Edited 4:43pm
Quoting OGW
Hi there, what do you think of this setup?
Hey OGW,
To my understanding, if we are thinking longs we look for up bounces of the inner fib levels and vice versa for shorts.
I don't follow this pair but I pulled a fib on the current swing low . It looks like you've the same fib there.
If this setup was there at the start of the US session, I might be tempted to take the break of the 0 to 138.2.

Cheers
SK
Attached Image (click to enlarge)
Click to Enlarge Name: 2904 ucad.gif Size: 28 KB
  • #166
  • Edited Apr 30, 2010 12:46am Apr 29, 2010 5:20pm | Edited Apr 30, 2010 12:46am
You can tell summer is approaching in England, it's raining.

This fib has a 61.8 to 50 going on but what concerns me is the 138 respect.

Attached Image (click to enlarge)
Click to Enlarge Name: eu290410b.JPG Size: 64 KB


MD.

EDIT: I have actually used thicker fibs lines on this for some reason, if I put them back to normal from this position the 138 has been pierced so I will pull the fib down slightly lower which keeps us looking short and, I end up with the same fib as a certain Mr. BarTstop!
Keep smiling
  • #167
  • Apr 29, 2010 5:29pm Apr 29, 2010 5:29pm
I just pulled a fib on Gbp/Jpy 60 minute chart and this was a perfect fit it's got to be something to it but I don't understand it. What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: New Chart.JPG Size: 62 KB
  • #168
  • Apr 29, 2010 5:55pm Apr 29, 2010 5:55pm
Quoting Checkz
I just pulled a fib on Gbp/Jpy 60 minute chart and this was a perfect fit it's got to be something to it but I don't understand it. What do you guys think?
Are you pulled looking for longs? Where's your 61.8 fit?

MD.
Keep smiling
  • #169
  • Apr 30, 2010 3:06am Apr 30, 2010 3:06am
Morning, some thoughts. Until we started this thread I had only been using one, maybe 2 fib setups that I knew and liked. These setups meant that I could keep my risk down to a sensible level with a high percentage chance of winning. 2 nights ago I put a short EU on, admittedley I cannot justify why I took it but I let it run. I have chopped it for 100 pts of drawdown and wiped out 17% of what I had made. I am not saying the stop on the other side of the fib is wrong but until I understand this better it is not for me.

Have a look at this fib looking long on EU, it has pierced the 100, does this not denote a target of 1.3366, the fib must complete right?

Attached Image (click to enlarge)
Click to Enlarge Name: EU300410.png Size: 16 KB


MD.
Keep smiling
  • #170
  • Apr 30, 2010 3:14am Apr 30, 2010 3:14am
Quoting Misterdaz
Morning, some thoughts. Until we started this thread I had only been using one, maybe 2 fib setups that I knew and liked. These setups meant that I could keep my risk down to a sensible level with a high percentage chance of winning. 2 nights ago I put a short EU on, admittedley I cannot justify why I took it but I let it run. I have chopped it for 100 pts of drawdown and wiped out 17% of what I had made. I am not saying the stop on the other side of the fib is wrong but until I understand this better it is not for me.

Have a look at this fib...
I just spotted a smaller fib that has completed. However , it's not a set up that you use.

SK
Attached Image (click to enlarge)
Click to Enlarge Name: 3004 eu a.gif Size: 29 KB
  • #171
  • Apr 30, 2010 3:32am Apr 30, 2010 3:32am
Quoting skong
I just spotted a smaller fib that has completed. However , it's not a set up that you use.

SK
61.8 to 50 is one I like.

MD.
Keep smiling
  • #172
  • Edited 5:36am Apr 30, 2010 3:50am | Edited 5:36am
Another one Skong. Checkz, do you see? Small trades up and down the s/r tree?

Attached Image (click to enlarge)
Click to Enlarge Name: EU300410b.png Size: 16 KB


MD.

Edit: Checkz, I've done one of your tricks here, my fib is upside down, apologies.
Keep smiling
  • #173
  • Apr 30, 2010 5:36am Apr 30, 2010 5:36am
Morning MD. You get stopped out?
  • #174
  • Apr 30, 2010 5:40am Apr 30, 2010 5:40am
I imagine not a happy one, I bottled it on EU (lost my nerve). From your white fib I would say you are still in but feeling extremely uncomfortable?

MD.
Keep smiling
  • #175
  • Apr 30, 2010 5:52am Apr 30, 2010 5:52am
Quoting Misterdaz
I imagine not a happy one, I bottled it on EU (lost my nerve). From your white fib I would say you are still in but feeling extremely uncomfortable?

MD.
If this fib fails, I'm going to have to re-evaluate my understanding of these fibs cycles.
  • #176
  • Apr 30, 2010 6:07am Apr 30, 2010 6:07am
Quoting bartstop
If this fib fails, I'm going to have to re-evaluate my understanding of these fibs cycles.
The 138 idea is new to me and something I don't fully understand yet. If you look at your white fib the 61 kept getting puntured. If we persist in looking short should we not be pulling that fib back to accomodate the new 61 highs? If we do that with your white fib I think we end up with the below. I may have already posted this fib as I saw this last night but for me the perfect 138 respect (which maybe I am now starting to understand) gave a big hint of a bottom in place and a reversal coming up.

Attached Image (click to enlarge)
Click to Enlarge Name: eu300410c.png Size: 15 KB


MD
Keep smiling
  • #177
  • Apr 30, 2010 7:03am Apr 30, 2010 7:03am
Yep, we're going up.
Attached Image (click to enlarge)
Click to Enlarge Name: eu d1.gif Size: 18 KB
  • #178
  • Apr 30, 2010 7:19am Apr 30, 2010 7:19am
Quoting Misterdaz
The 138 idea is new to me and something I don't fully understand yet. If you look at your white fib the 61 kept getting puntured. If we persist in looking short should we not be pulling that fib back to accomodate the new 61 highs? If we do that with your white fib I think we end up with the below. I may have already posted this fib as I saw this last night but for me the perfect 138 respect (which maybe I am now starting to understand) gave a big hint of a bottom in place and a reversal coming up.

Attachment

MD
If my theory is correct, your fib did not fail per 61.8 if allowed for a re-fit..It completed but reversed to the pip! It is entry and lot size that needs to be reviewed. I like more confirmation before entry at the zero, a pullback fib or a 61.8 to 50 suits me.

MD.
Keep smiling
  • #179
  • Apr 30, 2010 7:27am Apr 30, 2010 7:27am
Quoting Misterdaz
If my theory is correct, your fib did not fail per 61.8 if allowed for a re-fit..It completed but reversed to the pip! It is entry and lot size that needs to be reviewed. I like more confirmation before entry at the zero, a pullback fib or a 61.8 to 50 suits me.

MD.
But there was no way to see that comming. I think the fib you have drawn is showing a relationship between S/R but I don't think it is highlighting a fib cycle. I could be wrong.
  • #180
  • Apr 30, 2010 7:37am Apr 30, 2010 7:37am
I think this is a simple case of larger fibs trump smaller fibs. If I would have had the weekly fib drawn, I would have never taken the trade, or I would have grabbed 5 or 10 pips and got out. The latter being the most likely because I still have a Little Red Bastard (LRB) on my shoulder.


Bartstop
Attached Image (click to enlarge)
Click to Enlarge Name: eu trump.gif Size: 26 KB
0 traders viewing now