My 5 min scalp
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fibonacci 4 replies
Dislikedback in it again--- off the failed move into the last high
same targetIgnored
DislikedHi 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...Ignored
DislikedHey 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...Ignored
DislikedYeah 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.Ignored
DislikedI 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...Ignored
Dislikedi 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.gifIgnored