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Fibonacci Paradise

  • #201
  • Apr 30, 2010 5:57pm Apr 30, 2010 5:57pm
Quoting bartstop
Thom, I've been staring at this fib all afternoon. I can't see why it's invalid? Am I missing something?


Bartstop
I think you need to see a doctor about that if fib!
Keep smiling
  • #202
  • Apr 30, 2010 6:04pm Apr 30, 2010 6:04pm
Quoting Misterdaz
I think you need to see a doctor about that if fib!
I can't. I don't have a doctor.

I had a Doctor but he told me I had to eat better, stop drinking and get more exercise.

So now I'm looking for a new doctor. A better one.


Bartstop
  • #203
  • Apr 30, 2010 7:13pm Apr 30, 2010 7:13pm
Quoting bartstop
Thom, I've been staring at this fib all afternoon. I can't see why it's invalid? Am I missing something?


Bartstop
Let me rephrase mate as I don't know everything as my wife can tell you. I haven charted this but did it not bang into a w1 target then cruise on past the 61.8 and pierce the opposite 100? When you see that w1 target hit to the tick start looking long.

Those are my musings never ever assume I know everything I just know what I know gent.
Tk
  • #204
  • Apr 30, 2010 7:26pm Apr 30, 2010 7:26pm
Quoting ThomKnight
Let me rephrase mate as I don't know everything as my wife can tell you. I haven charted this but did it not bang into a w1 target then cruise on past the 61.8 and pierce the opposite 100? When you see that w1 target hit to the tick start looking long.

Those are my musings never ever assume I know everything I just know what I know gent.
Tk
No, not a target but a W1 0 line. If we pierced the 100 on the H1 fib it was by 1 pip or so. Not enough for me to consider it a pierce but maybe it is.

We'll see what it does next week. I'm done scratching my head over this for now.

It's Friday night and there's about 30 cold ones in the fridge. I better get started. I'll talk to you later.


Bartstop
  • #205
  • Edited 3:17am May 1, 2010 2:54am | Edited 3:17am
This is how I see it. Your first fib is not necessarilly wrong but it is not in the now. We follow price so we look to the second fib setup.

I hope you all have nice weekends.

MD.

Edit: Another thought it could be baloney but if price is starting to head back through your 61.8 try re-positioning your fib, I did. It gave us a big clue, which we ignored. It doesn't hurt to tool around.
Keep smiling
  • #206
  • May 2, 2010 8:48pm May 2, 2010 8:48pm
Quoting Misterdaz
This is how I see it. Your first fib is not necessarilly wrong but it is not in the now. We follow price so we look to the second fib setup.

I hope you all have nice weekends.

MD.

Edit: Another thought it could be baloney but if price is starting to head back through your 61.8 try re-positioning your fib, I did. It gave us a big clue, which we ignored. It doesn't hurt to tool around.

You watching EU?
  • #207
  • May 3, 2010 5:50am May 3, 2010 5:50am
Quoting bartstop
You watching EU?
No, I was watching Naked Gun 33 1/3.

" Like a midget at a urinal, I was going to have to stay on my toes "

That last 4h EU chart we drew still has me thinking short but it only has another 25 pips to hit the 138.

On a 1h I came up with this chart which has missed the 138 on the long by 5 pips. I don't know if this classifies as a completed fib but price certainly has headed back lower, even after the Greek bailout news.

Attached Image (click to enlarge)
Click to Enlarge Name: eu020510.JPG Size: 72 KB


Still, today is probably not the best day to trade with all the bank holidays around. Cheers.

MD.
Keep smiling
  • #208
  • May 3, 2010 5:57am May 3, 2010 5:57am
Hey wow, look at this, same EU chart, different broker. Looks like we get a difference of opinion on the Sunday open. Look at the highs.

Attached Image (click to enlarge)
Click to Enlarge Name: eu0205alpari.JPG Size: 75 KB


MD.
Keep smiling
  • #209
  • Edited 7:34am May 3, 2010 6:18am | Edited 7:34am
Thom, I've been tooling around on GY and looking for the best place to fib the 4h chart. Sometimes it is easy to decide, others not. I was conscious of not fibbing too many candles as that becomes a daily chart. I came up with the below which forecasts price heading to 147.29ish. This fib looks respectable.

Attached Image (click to enlarge)
Click to Enlarge Name: gu020510.JPG Size: 72 KB


MD.
Keep smiling
  • #210
  • May 3, 2010 8:41am May 3, 2010 8:41am
Quoting Misterdaz
No, I was watching Naked Gun 33 1/3.

" Like a midget at a urinal, I was going to have to stay on my toes "

That last 4h EU chart we drew still has me thinking short but it only has another 25 pips to hit the 138.

On a 1h I came up with this chart which has missed the 138 on the long by 5 pips. I don't know if this classifies as a completed fib but price certainly has headed back lower, even after the Greek bailout news.

Attachment

Still, today is probably not the best day to trade with all the bank holidays around. Cheers....
If a fib is valid on this time frame... a 5 pip miss in not a complete on a lower time frame on say a daily or week;y... a 5 pip miss is probably just data fuzz.
  • #211
  • May 3, 2010 8:42am May 3, 2010 8:42am
Quoting Misterdaz
Thom, I've been tooling around on GY and looking for the best place to fib the 4h chart. Sometimes it is easy to decide, others not. I was conscious of not fibbing too many candles as that becomes a daily chart. I came up with the below which forecasts price heading to 147.29ish. This fib looks respectable.

Attachment

MD.
hhhaaahhaa yes just "kind of" mate. Why again are we fibbing 4h charts though? No bother. Yes. I would and may be actually trading this chuckle.

TK
edit dont be concious of anything... you find what you can see where you can see it or at least i do... the bigger the fib the longer it may take to complete. A weekly or monthly again could take months or years... a d1 h4 days...weeks... etc..
  • #212
  • May 3, 2010 8:45am May 3, 2010 8:45am
Quoting Misterdaz
Hey wow, look at this, same EU chart, different broker. Looks like we get a difference of opinion on the Sunday open. Look at the highs.

Attachment

MD.

You will run into this..especially if you are using MT4 or some bucket broker data feed for trading decisions (sometimes not all the time there is no magical data that will turn a bad fibber into a good fibber). I disregard sunday open... as I have no need to trade it and also you will see news candles from broker to broker look wildly different causing you to make bad decisions perhaps.

So caveat emptor

TK
  • #213
  • May 3, 2010 9:13am May 3, 2010 9:13am
This is my take on the Gbp/Jpy on a 60 minute timeframe. Im already up 54 pips however Im not sure if I placed my fib at the correct low.
Attached Image (click to enlarge)
Click to Enlarge Name: New Chart.JPG Size: 75 KB
  • #214
  • May 3, 2010 9:47am May 3, 2010 9:47am
Do you ever use this fib method? I was watching Gbp/Jpy and notice that it hit the 1.382 fib ext.
Attached Image (click to enlarge)
Click to Enlarge Name: New Chart.JPG Size: 66 KB
  • #215
  • May 3, 2010 9:52am May 3, 2010 9:52am
Quoting Checkz
This is my take on the Gbp/Jpy on a 60 minute timeframe. Im already up 54 pips however Im not sure if I placed my fib at the correct low.
well you always want to tend to the ultimate low since that is not the bottom of that swing ... but in context that will be fine methinks.

TK
  • #216
  • May 3, 2010 10:30am May 3, 2010 10:30am
Quoting Checkz
Do you ever use this fib method? I was watching Gbp/Jpy and notice that it hit the 1.382 fib ext.
yup standard fibbing sure.
  • #217
  • May 3, 2010 11:34am May 3, 2010 11:34am
While my wife wasn't looking I had a quick play at some candle fibbing, well guess actually. I found this which looks meaningful but I suppose I'd want a zero break in this instance.

If we fib single candles I'm assuming the same rules apply, we want to see some inner respect and a pierce.

Attached Image (click to enlarge)
Click to Enlarge Name: gy020510candle.JPG Size: 57 KB
Keep smiling
  • #218
  • May 3, 2010 11:45am May 3, 2010 11:45am
Single hourly candle. 61.8 and pierce all in one. The next candle jumps off the 50. Next candle target acquired. Very interesting.

Attached Image (click to enlarge)
Click to Enlarge Name: gy020510candle2.JPG Size: 53 KB


MD.
Keep smiling
  • #219
  • May 3, 2010 1:54pm May 3, 2010 1:54pm
I think I got some bad data.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu bad.gif Size: 19 KB
Click to Enlarge Name: gu bad.gif Size: 20 KB
  • #220
  • May 3, 2010 2:39pm May 3, 2010 2:39pm
I hope you went short on that. Looks like you need some Viagra!

MD.
Keep smiling
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