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Fibonacci Paradise

  • #841
  • Jun 10, 2010 9:11pm Jun 10, 2010 9:11pm
TK,

what are your thoughts on this one?

on 4 markets on the m15 time frame all week long i think this is the only one i have had that has failed, ---

i can walk it to show you how i came to this point if i need to, in order to show why i was here

http://i46.tinypic.com/120mk5j.gif
  • #842
  • Jun 11, 2010 1:02am Jun 11, 2010 1:02am
Quoting FibMan
TK,

what are your thoughts on this one?

on 4 markets on the m15 time frame all week long i think this is the only one i have had that has failed, ---

i can walk it to show you how i came to this point if i need to, in order to show why i was here

http://i46.tinypic.com/120mk5j.gif
'day mate.. no need for walking it is unecessary(for me)..hopefully this picture helps you.
I have checked a few feeds... i think it is just that you "might" be being too anal about data or just that MBT data feed in wonky...

I have seen chaps... go razor wire fibs... trying to get thing zoomed into 1min for "perfect" trades... there is a tad bit of fuzz needed perhaps not.

the only other reason why something like that would fail is because it was mid swing... if you recall even using the walking method.. that happens. there comes a time where you runto something doing that and poof failure.





TK
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  • #843
  • Jun 11, 2010 1:03am Jun 11, 2010 1:03am
Quoting bartstop
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.
Zounds like what? keep it simeple dont go squirrel farm mate!
  • #844
  • Jun 11, 2010 1:05am Jun 11, 2010 1:05am
40 pip 15 minute swing fib just got found. that isthe rub on swing fibs.. have to be recognized.
Attached Image (click to enlarge)
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  • #845
  • Jun 11, 2010 1:15am Jun 11, 2010 1:15am
A solid 90-100 pip break out should be nice and clean from yellow box.Old school PASR trading.


Not a fib trade per say except direction perhaps...


TK
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  • #846
  • Jun 11, 2010 11:00am Jun 11, 2010 11:00am
Tk

" bottoms are in for now"

Is this what you are seeing on GY
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  • #847
  • Jun 11, 2010 12:22pm Jun 11, 2010 12:22pm
Quoting ThomKnight
'day mate.. no need for walking it is unecessary(for me)..hopefully this picture helps you.
I have checked a few feeds... i think it is just that you "might" be being too anal about data or just that MBT data feed in wonky...

I have seen chaps... go razor wire fibs... trying to get thing zoomed into 1min for "perfect" trades... there is a tad bit of fuzz needed perhaps not.

the only other reason why something like that would fail is because it was mid swing... if you recall even using the walking method.. that happens. there comes...
k thanks
  • #848
  • Jun 11, 2010 3:40pm Jun 11, 2010 3:40pm
this is the last move i followed with price.. Killed my "almost" breakout trade. Chuckle. If the mkt was still open the 138 candle and the candle boucning from the zero 100 form the current trading range.

TK
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  • #849
  • Jun 13, 2010 7:08pm Jun 13, 2010 7:08pm
36 pips profit today.
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  • #850
  • Jun 15, 2010 10:06am Jun 15, 2010 10:06am
This should get Thom excited.
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  • #851
  • Edited 2:34am Jun 16, 2010 12:42am | Edited 2:34am
Hi, just found these charts. EU and EY could be done for now, now could be 5 minutes of course.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eu160610.JPG Size: 131 KB


MD.

Edit: Both these fibs have now pierced the 138, still looking long I suppose.
Keep smiling
  • #852
  • Jun 16, 2010 1:51am Jun 16, 2010 1:51am
Quoting Misterdaz
Hi, just found these charts. EU and EY could be done for now, now could be 5 minutes of course.

Attachment

Attachment

MD.

Here's my view of the eur/jpy.

SK
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  • #853
  • Jun 16, 2010 2:31am Jun 16, 2010 2:31am
I take your point SK but I prefer my 61 to be on a pivot/swing point so my next 4h would be here. It's just my preference mate. Going by this fib though we are still looking long.

Attached Image (click to enlarge)
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MD.

Edit: It would help if I put the right currency pair on.
Keep smiling
  • #854
  • Jun 16, 2010 4:14am Jun 16, 2010 4:14am
Quoting Misterdaz
I take your point SK but I prefer my 61 to be on a pivot/swing point so my next 4h would be here. It's just my preference mate. Going by this fib though we are still looking long.

Attachment

MD.

Edit: It would help if I put the right currency pair on.
I have to admit, your 4 hr chart looks much better than mine.


Cheers
SK
  • #855
  • Jun 16, 2010 5:09am Jun 16, 2010 5:09am
NZ made a good effort in the World Cup yesterday Hush?

Did you watch it or was you asleep?

MD.
Keep smiling
  • #856
  • Edited 6:28am Jun 16, 2010 6:20am | Edited 6:28am
Skong & MrD

Always be aware of the larger Time Frames.(TF)

See how Mr.daz first chart target lines up with this.

Reaching for the 113.31 is reffered to as stop hunting or a fake out, really only needed to touch a target.(respect a fib)

I am not saying it won't reach the long target, but that you should be aware of what you are trading into, and possible reversal zones.(PRZ)
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  • #857
  • Jun 16, 2010 6:56am Jun 16, 2010 6:56am
Quoting Eggster
Skong & MrD

Always be aware of the larger Time Frames.(TF)

See how Mr.daz first chart target lines up with this.

Reaching for the 113.31 is reffered to as stop hunting or a fake out, really only needed to touch a target.(respect a fib)

I am not saying it won't reach the long target, but that you should be aware of what you are trading into, and possible reversal zones.(PRZ)
Thanks mate. Have been getting a bit lazy of late. We initially started out fibbing 4h charts from the last major low or high to get the general direction and feel. I see that now after looking on my own charts.

I've got coming perfectly off 113.30 on my data.

MD.
Keep smiling
  • #858
  • Jun 16, 2010 7:01am Jun 16, 2010 7:01am
Missed this little beauty. Depending on ones trading style you could have dropped to a 5 min and took a short on the break of the 5 min candle respecting down off the 50 to the last low at about 112.40. With a stop just above that candle thats 4:1 RR. If you wanted to hang in for the 138 that's 7:1.

Attached Image (click to enlarge)
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MD.
Keep smiling
  • #859
  • Jun 16, 2010 7:17am Jun 16, 2010 7:17am
MAJOR or major, it's all relative.

Normally it would not be an issue, but when it happens we (I) tend to keep looking for the trade in our direction, when in fact price is following a larger fib in the other direction.

I am short EU from 1.2331, target Way Down. But price went a little further (pierce) than I had initially seen, so we will see.....

time will tell...
  • #860
  • Jun 16, 2010 7:29am Jun 16, 2010 7:29am
Quoting Eggster
MAJOR or major, it's all relative.

Normally it would not be an issue, but when it happens we (I) tend to keep looking for the trade in our direction, when in fact price is following a larger fib in the other direction.

I am short EU from 1.2331, target Way Down. But price went a little further (pierce) than I had initially seen, so we will see.....

time will tell...
To be honest Eggster I've been trying to follow price with a mind to larger fib direction, I prefer to go with the prevailing trend but sometimes (often) there are winners in the other direction. I'm with you, eventually EU goes lower but for now I'm happy the markets are bouyant from all the doom and gloom.

I'm watching my colleagues short UC position while he is at lunch. I had no idea what was going on with that cross so I fibbed it.

4H, looks like shorts are closed, I've given up trying to tell him things, he won't listen to me.

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I thought I'd have a look for longs on the hour now that I saw the 138 respected. I wish I'd seen this earlier as well.

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MD.
Keep smiling
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