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Fibonacci Paradise

  • #221
  • May 3, 2010 2:41pm May 3, 2010 2:41pm
Quoting Misterdaz
Single hourly candle. 61.8 and pierce all in one. The next candle jumps off the 50. Next candle target acquired. Very interesting.

Attachment

MD.
Spot on.
  • #222
  • May 3, 2010 2:48pm May 3, 2010 2:48pm
The fibs are multi-dimensional, candles, swings, 61.8 you name it. One just needs to know what to look for to float ones boat.

MD.
Keep smiling
  • #223
  • May 3, 2010 3:42pm May 3, 2010 3:42pm
Quoting Misterdaz
Single hourly candle. 61.8 and pierce all in one. The next candle jumps off the 50. Next candle target acquired. Very interesting.

Attachment

MD.
Give that man a Bass.

SK
  • #224
  • May 3, 2010 3:48pm May 3, 2010 3:48pm
I thought I'd breakdown my earlier single candle chart into a 15 min to have a look at what went on and in what order.

Here's the original chart.

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


Now the 15 min breakdown.

Attached Image (click to enlarge)
Click to Enlarge Name: gyCandleBreakdown.JPG Size: 60 KB


The purple box is the original 1h candle the fib was pulled on.

At no. 1 we have a zero pierce, a hint??

At No. 2 we have pefect 61.8 respect, things are looking good.

At No. 3 we have perfect respect of the 50, things are looking very good.

Great Scott!! At No. 4 we even have a 38 respect, the whole set!

Next we head up through zero, I think I would be happy getting on this trade and then on to target.

A couple of questions for Thom. I'm pretty certain you would have traded this Thom.

1. Where would you have entered? Or how many times maybe?
2. Do you have a preference as to when we get the pierce, before or after the 61.8?
3. Where did I leave my car keys?????

MD.
Keep smiling
  • #225
  • May 3, 2010 4:00pm May 3, 2010 4:00pm
Quoting Misterdaz
I thought I'd breakdown my earlier single candle chart into a 15 min to have a look at what went on and in what order.

Here's the original chart.

Attachment

Now the 15 min breakdown.

Attachment

The purple box is the original 1h candle the fib was pulled on.

At no. 1 we have a zero pierce, a hint??

At No. 2 we have pefect 61.8 respect, things are looking good.

At No. 3 we have perfect respect of the 50, things are looking very good.

Great Scott!! At No. 4 we even have a 38 respect, the whole set!

Next...
Ok so looking at how this was set up...

1.) when did i find this? after the 61.8 50 or was i tracking it and watching? I don't know what would have made me pick this unless it was some sequence i was tracking...

So for me i would have not have taken note of this until the 50 step on the 1 hr fib.

shrinking down to 15 min I would have just taken it on the break of the 100 or get a little gamble and take the north break of the candle that had 50 respect.

Of note... the 1 2 candle is a quick little visual set up youwill learn to love. You see two candles that look like that back to back and voila.

The respect has to come before the pierce for me to trade it. now that is open ended since I may find myself looking farther back in time then you are accustomed to... but take that as a generality. Pierce then break and we are good to go. ON 15 min if you pulled that fib as it sets now back intime... until you found a spot where price was there before... maybe a day or 2 or when ever.. and you have respect.. well that works for me.

3.) I took your keys last night because you were on a ripping pisser and getting into punch ups with every you clown, but thats for the kebab! chuckle!

a zero pierce isnt a hint.. on the correct fib it is a signal mate. A hint? That is like getting a wee bit pregnant.

TK

EDIT getting into single candle trading you can see certain candle shapes to look for and then wait to see how they set up. same principals just quicker and it is easier tospot a candle then a complex price pattern. So some times i will just do a one or two candle trade instead.
  • #226
  • May 3, 2010 4:12pm May 3, 2010 4:12pm
Yeah on the 1h I would have taken the zero break after the 50 respect. I broke it down to a 15 because I was interested in the order of events, sorry if that was misleading but all good to know.

You wanna lay off those kebabs, full of dead flies.

And give me back my damn keys!

MD.
Keep smiling
  • #227
  • May 3, 2010 4:16pm May 3, 2010 4:16pm
Thom, the single candle fibbing is an excellent method for me, being a trader on a desk. Setups must occur more often. I think I need to spend some time in Forex Tester. I assume the 61.8 is also key in this method?

MD.
Keep smiling
  • #228
  • Edited 4:43pm May 3, 2010 4:32pm | Edited 4:43pm
Is anyone looking at GU 2 hr?? It is a "perfect" set up. to like 5420 ish and then higher if my brainbox serves...

easy to pick out stops as well mates 5210 ish range is a decent stop... easy ducats. I know someone can search this out and post a chart.

TK
  • #229
  • May 3, 2010 4:44pm May 3, 2010 4:44pm
Quoting Misterdaz
Thom, the single candle fibbing is an excellent method for me, being a trader on a desk. Setups must occur more often. I think I need to spend some time in Forex Tester. I assume the 61.8 is also key in this method?

MD.

they do mate... but why trade more often? I am sure you can impress the head desk with just a few stellar trades a week...and no losses. In reality though...as you move down the rabbit hole... there is a gaggle of set ups occuring all the time...just if you find them or not I suppose mate. Don't mess up the broth by looking to over trade.

TK
  • #230
  • May 3, 2010 5:04pm May 3, 2010 5:04pm
I have found the fibs have had the opposite effect on me. Due to the fact we look for the right setups the trains dont come that often but so far it would appear apart from the odd rush of blood, gambling has gone out the window.

I've just been stepping through Forex Tester, I'm finding single candle fibs not that easy to come by. I must be doing something wrong.

MD.

P.S I don't have 2h charts.
Keep smiling
  • #231
  • May 3, 2010 5:36pm May 3, 2010 5:36pm
Quoting ThomKnight
Is anyone looking at GU 2 hr?? It is a "perfect" set up. to like 5420 ish and then higher if my brainbox serves...

easy to pick out stops as well mates 5210 ish range is a decent stop... easy ducats. I know someone can search this out and post a chart.

TK
TK,

Like this ?

SK
Attached Image (click to enlarge)
Click to Enlarge Name: gu h2 fib.gif Size: 30 KB
  • #232
  • May 4, 2010 2:32am May 4, 2010 2:32am
Morning. I saw this as I sat down at my desk and took a quick 10 pip short at the green box.

Attached Image (click to enlarge)
Click to Enlarge Name: eu040510candle.png Size: 11 KB


MD.
Keep smiling
  • #233
  • May 4, 2010 3:50am May 4, 2010 3:50am
Quoting Misterdaz
Morning. I saw this as I sat down at my desk and took a quick 10 pip short at the green box.

Attachment

MD.
61, 38
Attached Image (click to enlarge)
Click to Enlarge Name: eu 61 38.gif Size: 18 KB
  • #234
  • May 4, 2010 4:28am May 4, 2010 4:28am
Quoting bartstop
61, 38
Looks like our 4h is finally on course for completion.

1.3014 is where your favourite White fib turned around. Grab your money and run!

Good luck!

MD.
Keep smiling
  • #235
  • May 4, 2010 4:46am May 4, 2010 4:46am
Quoting Misterdaz
Looks like our 4h is finally on course for completion.

1.3014 is where your favourite White fib turned around. Grab your money and run!

Good luck!

MD.
That's exactly what I did. No more big pip counts for me. I get burned every time.
  • #236
  • May 4, 2010 5:08am May 4, 2010 5:08am
This one I have had issues with before. I didn't want to mention while you was in the trade. I must get some thoughts from Thom on that pairing.

Well done mate.

And don't call me Shirley!
Keep smiling
  • #237
  • May 4, 2010 5:19am May 4, 2010 5:19am
Quoting Misterdaz
This one I have had issues with before. I didn't want to mention while you was in the trade. I must get some thoughts from Thom on that pairing.

Well done mate.

And don't call me Shirley!
Surely you don't trade it with high leverage.

Inserted Video
  • #238
  • May 4, 2010 8:39am May 4, 2010 8:39am
I've moved the 4h EU fib, next target 1.2811

MD.
Keep smiling
  • #239
  • May 4, 2010 8:47am May 4, 2010 8:47am
If I'm figuring these candle fibs correctly, theres been a herd of them around today, GY 1h for sure. Shame I was dealing money markets...

MD.
Keep smiling
  • #240
  • May 4, 2010 8:54am May 4, 2010 8:54am
Quoting Misterdaz
I've moved the 4h EU fib, next target 1.2811

MD.
Looks good to me. GU H4 updated. Target is 1.2808 in my chart. I need to take a look at the rest of the pairs.
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