Fibonacci Paradise

Truth be told... I am very curious as of late if the market can make it through the fall. My long term shorts are already positioned but i think we will see many fun quick shorts through the next quarter or so.

TK

EDIT: i follow my charts.. but i sincerely think it is possible for rapid massive panic selling from the past few weeks which for GY traders is the best of times mates. You can blindly enter based on momentum and making a right killig

DOH!!!!

Chuckle! I used to try to do that as well mate... but now i just wait and watch... the way the market is moving.. all longs are short term right now... the market is cycled way down.. even if it went to 1.65 it is just a minor retrace in a much larger move.

I used to aim to pick perfect turns and take them for light years.. it would be nifty to be sure, but i don't need it at all neither do you. gigantic confluence areas if you multifib work a lot though.

TK

Looking for a 400 pip collapse in sterling..

but apparently nowhere immediate chuckle.

Welcome aboard. Here's something you could try that I would consider a safer trade. Pull you 61.8 fib as normal but wait for a pierce and pullback to the 50 or 38. Take the trade on the break of the respecting candle. Put your stop just behind it.

MD.

1.1370 ish sound right for this pair gents? dollar weakness appears to be all over the place spose it had to retrace.
Cheers

TK

Heres my quick analysis of UCHF.
I would look for a break of 1.1617 then start looking short.

If you pull your black fib down now slightly Hush, we have a 61 - 50 just formed up. I've shorted it looking for 1.1590 for now.



MD.

Nice .. and in theory if 1589/90 is broken we can look short again.

..so you can shift your black fib down lower to next support at sayyyyy 1.1589 and see what lines up...

MD.

EU long.

Looks like Blucky is trying to get traffic to his website.

got a tight entry on this one

will either lose 2% or make 10% ROI


http://i47.tinypic.com/1zc353q.gif

Looking at his posts there seems to be a recurring theme.

MD.

took a 6% winner on the EU off this one


hoping that this cycle completion on the euro allows for support and it takes the ej up before breaking support and taking me out

if it does stop me i will still be looking to get back in for a long up to the target


http://i50.tinypic.com/10r6zqw.gif

that eu short was actually +8% not 6%

that ej may get stopped here as i have the UJ short--- which will bring 6.5% if it hits target

61-p-50

Adjusted my EU fib.

Sorry I didn't realize you already posted this. My bad.