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Fibonacci Paradise

  • #821
  • Jun 8, 2010 9:02am Jun 8, 2010 9:02am
My 5 min scalp
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  • #822
  • Jun 9, 2010 4:12am Jun 9, 2010 4:12am
"Crazy Fib"
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  • #823
  • Jun 9, 2010 6:54am Jun 9, 2010 6:54am
If you dropped down to a 15 min on this cable chart and took the break of the candle respecting the 50 with a tight stop under it you would have had some excellent RR even if you just aimed for previous highs, let alone the 100 or 138.

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MD.
Keep smiling
  • #824
  • Jun 9, 2010 7:48am Jun 9, 2010 7:48am
Here is even crazier !

S said "this is 1% of what is" so many of us have spent THOUSANDS and I mean thousands of hours looking deeper.

I have to agree with Thomknight that after hours in the "lab" the simplest trades are to the 138, the path of least resistance, after every 138 anything can happen, so why be in the trade.

Here is my "Crazy Fib", just for fun.

Then lets concentrate on simple 138ers.

Once again sorry to have thrown a loop in the thread.

We need to have an open mind, but gotta stay focused (my problem)
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  • #825
  • Jun 9, 2010 8:03am Jun 9, 2010 8:03am
Looks like things are finally starting to move.

Darren must be picking his nose.
  • #826
  • Jun 10, 2010 6:15am Jun 10, 2010 6:15am
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MD.
Keep smiling
  • #827
  • Jun 10, 2010 12:33pm Jun 10, 2010 12:33pm
Quoting FibMan
back in it again--- off the failed move into the last high

same target

Your fib worked mate... i just wouldnt have chosen that candle as and anchor great s but dubious(not bad since the candle fell apart next move...but just not what i like to see) r for this gent.

First chart is how i would have played it... other red boxes were othere clearer r points as well.. but this lines up.

then next two are the walk through for me. Also you may notice.. when you get one that pierces and retraces that heavily.. if you trust your fib... you can gereally ride it for a decent amnount of time past your tp relative to your tf.

TK
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  • #828
  • Jun 10, 2010 12:40pm Jun 10, 2010 12:40pm
Quoting Eggster
Hi everyone

Sorry for opening the can of worms.

Mister Daz nice calculating, yup 61.8 - 50 = 11.8 or 50 - 38.2 = 11.8
then added on around targets for bounce and continuation !!!!!!!



TK I agree we can extrapolate fibs out forever, but as you said it gets messy.

I use the fib I posted for confirmation with the 138.

You know Newtons Laws of motion:
"to every action there is an equal and opposite reaction"
that is what the "eggy fib" (thanks for the name) is all about.

But the beauty is they all fall into place together, its...
We will have to roll up our sleeves and get to work mate. here is my long term aud and after about... 48 + hours staring at this stupid fib.. I roundabout know what i am looking for as far as retraces etc to get into moves.. hence making it a hyper long term trade tool. or... a small term big pip tool..but again i agree... too messy for prime time at the moment.

Oddly enough... I am seeing massive reversals... in dollar strength everywhere..and if my mad science is correct... which it probably isnt after a few days chuckle.. bottoms are in for now...it has been working all week except for an unfortunate gu 15 min chuckle.
  • #829
  • Edited 1:10pm Jun 10, 2010 12:46pm | Edited 1:10pm
Hey Thom. I've realised what I've been missing. I don't look before my pivot candle enough. I've been missing loads of trades. What I mean is, and this is a realisation moment for me, as I pull up like now on say eu looking for longs I should be looking for 61 support to the left as well as right. Then I just look for a 50 respect and take the break of that candle with a tight stop under it. I've been aiming, as you've kindly pointed out, for the next resistance as target. If my RR is not at least 2:1 I don't bother. I'm sure this is all bread and butter to you but hey I've been overlooking this for ages. I have always looked to the right of where I pull from.

You watching the footie tomorrow?

MD.

Edit: Damn Iphone autocorrect!
Keep smiling
  • #830
  • Jun 10, 2010 12:57pm Jun 10, 2010 12:57pm
The fib is like a book...this may or may not make sense to folks... i have binned this eggy mega mess whatever fib a long time ago because i frankly couldnt figure out the basic 138 the reason why this is intensely interesting to me is because..

A.) either my testing and perception of how this works is wrong (quite possible)

b.) the market is not crashing.

This fib triggered well over parity fell apart and hit the 100 and turned the gold signalled the up move and well mates.. you can follow it from here.. I believe we have shorts closed out rom the top of the recent move so that just means look to go long still this is impractical to trade unless you had this set up to see the 100 bounce but i have been using it all week on 1hr 4hr and daily charts.

the concept of equal and opposite is interesting as it holds water. ..again that will start to get into too much math for me.

TK
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  • #831
  • Jun 10, 2010 1:06pm Jun 10, 2010 1:06pm
Quoting Misterdaz
Hey Thom. I've realised what I've been missing. I don't look before my pivot candle enough. I've been missing load of trades. What I mean is, and this is a realisation moment for me, as I pull up like now on say eu looking for longs I should be looking for 61 support to left as well as right. Then I just look for a 50 respect and take the break of that candle with a tight stop under it. I've been aiming, as you've have kindly pointed out, for the next resistance as target. If my RR is not at least 2:1 I don't bother. I'm sure this is all bread and...
Of course mate!

well.. you most certainly may look either way! I default to forwards but since sr is everpresent it doesnt matter.

Here is my current EU 138 61.8 fib which has been moved up a few time this week.. ... here is the large frame work... is it an accident the 61.8 's 138 lines up with a 100 bounce of a fib triggered to 1.68... suuuuurly....chuckle.
doesnt mean it is going to task right now but a great idea to go long.

at the very least i am looking for 1.30's off of this move. safe trade is zoom in though.

TK
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  • #832
  • Jun 10, 2010 1:18pm Jun 10, 2010 1:18pm
Yeah this is easy, I'll see you in Rio, lol.

I like the big fib but it does my eyes in. When I look up from the screen I can see in Fibonacci dimensions. Wow my wife's got a couple of 38's!

Thom you didn't answer the footie question, you gonna watch any or are you upset the Scots aren't there?

MD.
Keep smiling
  • #833
  • Jun 10, 2010 1:29pm Jun 10, 2010 1:29pm
Smaller term "practical" this i did trade and here is how. For some reason this thing likes to or rather i like it to retrace to 1.618 and turn.. i don't why... i had been mucking about set this fib up from the first 61.8 pull area after the fact.. side note look how well it works if you had set it up then.... at any rate i noticed it had turned on the 1.618 and have been trading ever since immediate target 136. see how that works? The only thing that makes it seem confusing are the amount of lines.

This fib is like any new favourite for me.. i will go back to trading simply , but for the time being it is a hoot as you can project targets from almost the smallest retrace leading into chart two...

this second fib is a 50-100 that pierced retraced 61.8 then to 50... that is how i cut through the noise mates.. pretty simple.

TK
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  • #834
  • Jun 10, 2010 1:30pm Jun 10, 2010 1:30pm
Quoting Misterdaz
Yeah this is easy, I'll see you in Rio, lol.

I like the big fib but it does my eyes in. When I look up from the screen I can see in Fibonacci dimensions. Wow my wife's got a couple of 38's!

Thom you didn't answer the footie question, you gonna watch any or are you upset the Scots aren't there?

MD.
Ha of course mate I will be watching!!! Yes my thought it skunny whittled it down to is most simple tradeable form for just such a reason. It is not palatable and quite often difficult and confusing!
  • #835
  • Edited 1:57pm Jun 10, 2010 1:44pm | Edited 1:57pm
I am pulling a bart right now gents making a turn call, but I will damned if these eyes are not seeing 169 on gy. How? Why? I could't say. next up 143... this goes completely against logic..

TK

EDIT... the third extension p[uts it at 190... and the 4th 211 egads

edit edit: perhaps fitting the only chaps to publically have a 100% trading record... have just switched their Buy Eu to Sell Eu... perhaps to absorb their buy orders... chuckle. their reccos are awfull... yet their desk seems to light it up.. hmm...
  • #836
  • Jun 10, 2010 2:57pm Jun 10, 2010 2:57pm
Quoting ThomKnight
I am pulling a bart right now gents making a turn call, but I will damned if these eyes are not seeing 169 on gy. How? Why? I could't say. next up 143... this goes completely against logic..

TK

EDIT... the third extension p[uts it at 190... and the 4th 211 egads

edit edit: perhaps fitting the only chaps to publically have a 100% trading record... have just switched their Buy Eu to Sell Eu... perhaps to absorb their buy orders... chuckle. their reccos are awfull... yet their desk seems to light it up.. hmm...
i am long on the GJ and GU in the swing account( was talking about looking for longs this week in my first post)

this is what i am looking at

http://i46.tinypic.com/2ik7ivb.gif

http://i50.tinypic.com/33asd9g.gif

http://i49.tinypic.com/av6l3o.gif
  • #837
  • Jun 10, 2010 3:12pm Jun 10, 2010 3:12pm
Quoting FibMan
i am long on the GJ and GU in the swing account( was talking about looking for longs this week in my first post)

this is what i am looking at

http://i46.tinypic.com/2ik7ivb.gif

http://i50.tinypic.com/33asd9g.gif

http://i49.tinypic.com/av6l3o.gif
Nice and simple works for me. Don't need to be a Degas or Hawking to trade Skunny fibs
  • #838
  • Jun 10, 2010 3:52pm Jun 10, 2010 3:52pm
Quoting FibMan
i am long on the GJ and GU in the swing account( was talking about looking for longs this week in my first post)

this is what i am looking at

You might keep an eye on this one.
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  • #839
  • Jun 10, 2010 4:13pm Jun 10, 2010 4:13pm
Quoting bartstop
You might keep an eye on this one.
What is that?
  • #840
  • Jun 10, 2010 5:31pm Jun 10, 2010 5:31pm
Quoting ThomKnight
What is that?
Probably nothing but I saw the 2 candles hit the 38 to the pip so I thought it might be working on something crazy. I've seen so much other chit that doesn't make sense, I've been pulling fibs everywhere.
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