Why 61.8%? | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why do indicators not work/work? Why is Forex not truly random? 129 replies

How to find out why the euro is strong or why the dollar is weak? 8 replies

Why do we trade?... no really, why? 51 replies

Why is Sentix Investor Confidence influentional on EURUSD! Why ??? 0 replies

Why oh Why .... 19 replies

Attachments: Why 61.8%?
Exit Attachments

Why 61.8%?

  • #281
  • May 4, 2010 12:35am May 4, 2010 12:35am
Quoting Craig
This thread is an encyclopedia of bad thinking and out and out shilling, Carl sums it up better than me...

http://www.youtube.com/watch?v=DcNoywmfQw4
Craig, nobody knows what "shilling" is. I think what you meant to say was "let's cut the clever sounding bullshit". I know that's what I meant to say.

Liked the Carl Sagan clip though.
Gone to a better place
  • #282
  • Edited 3:41am May 4, 2010 3:30am | Edited 3:41am
Quoting smikester
Craig, nobody knows what "shilling" is. I think what you meant to say was "let's cut the clever sounding bullshit". I know that's what I meant to say.

Liked the Carl Sagan clip though.
'Self-promotion' is the word's contextual definition (literally, it's 'promoting through speaking for', often using some turn of logic; as in, "shilling for the government"). With 'bad thinking', it'd mean that some know their subjects poorly and ego too well.
I was likely guilty of this. The way I see it, though, is the test versus a standard was more to show to myself than to others.
And, putting one's work so boldly before the judgement of ones who already do well (trade profitably and consistently to make a living wage) what one wishes to do, is and was a good thing.
  • #283
  • May 4, 2010 5:02am May 4, 2010 5:02am
Quoting Trader613
I think and hope that I have given you more then anyone else has done or ever will - for free.
I think you did, yes, but Ted won't gain positively from it, once again
  • #284
  • May 4, 2010 5:07am May 4, 2010 5:07am
because 30.4 + 31.4 = 61.8
  • #285
  • May 4, 2010 5:20am May 4, 2010 5:20am
Happy trading day to everyone. Just wanted to report that the fib bs still works today and my bs E/$ short at 1.3173 is doing ok, will take bs profit soon:

Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 17 KB
  • #286
  • May 4, 2010 5:22am May 4, 2010 5:22am
GEfx that's BS man because I haven't yet learned how to use them therefore you are full of **** and <insert insults here>
  • #287
  • May 4, 2010 5:27am May 4, 2010 5:27am
Quoting Sim
GEfx that's BS man because I haven't yet learned how to use them therefore you are full of **** and <insert insults here>
LOL <Square at 1.3131>
  • #288
  • May 4, 2010 5:59am May 4, 2010 5:59am
Nice trade. Who would have thought of shorting the Euro on a pullback? I was short from January.
Gone to a better place
  • #289
  • May 4, 2010 6:19am May 4, 2010 6:19am
Quoting smikester
Nice trade. Who would have thought of shorting the Euro on a pullback? I was short from January.
Well done! I am now long at 1.31165 off the support at about 1.3114, protecting the entry price.
  • #290
  • May 4, 2010 6:30am May 4, 2010 6:30am
pretty sure you guys are after a different thread.
Congratulations ScalaFX for coming out of the closet!
  • #291
  • May 4, 2010 6:30am May 4, 2010 6:30am
Quoting GEfx
Well done! I am now long at 1.31165 off the support at about 1.3114, protecting the entry price.
Thanks! I have tried using fibs at a basic level but now I only use pasr. Here is my post: http://www.forexfactory.com/showpost...postcount=2765

Edit: Could not find a 61.8 anywhere... Help me out here, someone.
Gone to a better place
  • #292
  • Edited 6:52am May 4, 2010 6:40am | Edited 6:52am
Quoting smikester
Thanks! I have tried using fibs at a basic level but now I only use pasr. Here is my post: http://www.forexfactory.com/showpost...postcount=2765

Edit: Could not find a 61.8 anywhere... Help me out here, someone.
Maybe I can help. Where are trying to find a .618?

Edit: I am trading this right now, and entered south on the break of the support at 1.3114 and a retest of that level, with my entry at 1.31124, and I took profit on the hit of the .618 fib at 3091. My long trade is flat, after trying to catch a bounce off the support. When the bounce occurred, the move was to a .618 retracement fib at 1.3133, then this big move south, so my "guess" of a big retrace north was wrong, but I got some of the move on the break/retest of the support and the move to the -618. Going to take a break now for a cup of coffee and some fresh air to get ready for the NY open, so good trading. Sorry, too busy trading to post charts.
  • #293
  • May 4, 2010 7:11am May 4, 2010 7:11am
Quoting GEfx
Well done! I am now long at 1.31165 off the support at about 1.3114, protecting the entry price.
That trade was what I would call 61.8% karma for calling Ted a liar.
Gone to a better place
  • #294
  • May 4, 2010 7:30am May 4, 2010 7:30am
Quoting smikester
That trade was what I would call 61.8% karma for calling Ted a liar.
No, it was a low risk trade that ended at with no profit and no loss, after moving to +16 pips for a short while. The next entry south on the retest of the support was standard trading, taking what you see in the market. But, that karma thing is interesting. Ted is a liar because he lied, not because I called him a liar. Sorry if that language is too strong for some here.

By the way, the Euro move to 1.3076 hit another -.618 fib, for everyone keeping score. But remember, this fib stuff is bs, so just ignore that comment.
  • #295
  • May 4, 2010 7:33am May 4, 2010 7:33am
Quoting smikester

I was short from January.
What took you so long, I was short since September!

....double
  • #296
  • May 4, 2010 7:36am May 4, 2010 7:36am
Quoting GEfx

But remember, this fib stuff is bs, so just ignore that comment.
lol, oh quite obviously it is
  • #297
  • May 4, 2010 7:52am May 4, 2010 7:52am
Quoting pipmutt
What took you so long, I was short since September!

....double
Poor fxpipper must be standing back horrified at what he's started. Some of these posts are so dripping with sarcasm it's difficult to know who is being serious, joky, polite or offended.

Who cares anyway. It's just a bit of fun.

Pipmutt you do not surprise me that you are a better trader than I - never doubted it. You are also much bigger headed than me, and that takes some doing. Keep it up!
Gone to a better place
  • #298
  • May 4, 2010 7:55am May 4, 2010 7:55am
Quoting Sim
I think you did, yes, but Ted won't gain positively from it, once again
Sim:

Just to let you and others know, that I have moved my original post to a fresh thread.
  • #299
  • May 4, 2010 8:05am May 4, 2010 8:05am
This has to be my last post, because this is not very fun anymore. I am short the E/$ at 1.30977 on another .618 hit (fib the last strong resistance at 1.3114 to the low/support at 1.3076), and will take more profits soon. One last time, there is nothing magical about fibs, but learning to use them can help you understand/think about what is going on. They can be very helpful to analyze what is going on and what might happen. Good luck to everyone and good trading!
  • #300
  • May 4, 2010 8:07am May 4, 2010 8:07am
Quoting smikester

Pipmutt you do not surprise me that you are a better trader than I - never doubted it. You are also much bigger headed than me, and that takes some doing. Keep it up!
lol, you're the one who started swinging it with your 'short since January' comment, I thought well hey I might as well get mine out seeing as the weather's nice!

But you're right, my ego is the size of a house. I have a healthy respect for the market but I don't believe in all this meek'n'mild humble wallflower nonsense, I'm good at what I do and I have confidence in my ability. But I do try to keep it fairly well under control....until antagonized

Better/worse, who cares, it's not a competition and we're both making money so everyone's happy!
0 traders viewing now