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Fibonacci Paradise

  • #1,081
  • Jul 7, 2010 6:17am Jul 7, 2010 6:17am
Quoting bartstop
With one exception.
My wife must be a yank.

MD.
Keep smiling
  • #1,082
  • Jul 7, 2010 6:38am Jul 7, 2010 6:38am
Quoting Misterdaz
My wife must be a yank.

MD.
You're going to get yourself in trouble.
  • #1,083
  • Jul 7, 2010 6:41am Jul 7, 2010 6:41am
Quoting bartstop
You're going to get yourself in trouble.
I'm always in trouble. I went down the religion rabit hole last night, not a good move.

MD.
Keep smiling
  • #1,084
  • Jul 7, 2010 6:46am Jul 7, 2010 6:46am
Quoting Misterdaz
I'm always in trouble. I went down the religion rabit hole last night, not a good move.

MD.
Not sure what the religion rabit hole is but does she drive like this?

Inserted Video
  • #1,085
  • Jul 7, 2010 7:28am Jul 7, 2010 7:28am
I mean I just got caught up in a Catholic religion discussion I didn't want to be in while I was trying to watch the football.

My wife reversed our car into next doors house at speed. She got her foot caught under the gas pedal.

Only women can do that. I'll get killed for saying that as well.

Md.
Keep smiling
  • #1,086
  • Jul 7, 2010 7:32am Jul 7, 2010 7:32am
Quoting Misterdaz
I mean I just got caught up in a Catholic religion discussion I didn't want to be in while I was trying to watch the football.

My wife reversed our car into next doors house at speed. She got her foot caught under the gas pedal.

Only women can do that. I'll get killed for saying that as well.

Md.

HAHAHA, a couple years ago my mom did the same thing only it was in her garage.
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  • #1,087
  • Jul 7, 2010 7:49am Jul 7, 2010 7:49am
Was any beer hurt in that fridge?

MD.
Keep smiling
  • #1,088
  • Jul 7, 2010 7:51am Jul 7, 2010 7:51am
As I said in post #856, "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)"

Being aware of other possibilities will keep you out of unnecessary draw downs.

Picture on next post
  • #1,089
  • Jul 7, 2010 8:00am Jul 7, 2010 8:00am
see the 4 5 min candle flat bottoms at the 38, price is always giving hints
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  • #1,090
  • Jul 7, 2010 8:22am Jul 7, 2010 8:22am
I've been using your stuff and Thom's today and I made 120 pips on GY. That's nice, greedy, but nice. It's good having you guys around. Thanks.

Here's a chart that might be more up your alley.

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MD.
Keep smiling
  • #1,091
  • Edited 8:48am Jul 7, 2010 8:32am | Edited 8:48am
So from here this is what I am looking at, IF we pierce the high.
Moving my long term to next target and voila...

seems to line up magically with the two most recent fibs 138.

there is always a reason for price to stop where it does,we just find the highest possibility spots.

We are trading into a lot of congestion so be careful.

The down move may continue and we will update our views.
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  • #1,092
  • Jul 7, 2010 9:24am Jul 7, 2010 9:24am
There were some more fibs I saw setup on the 5 min EU on the way back down just now. Do you often trade smaller timeframes are they just for examples?

MD.
Keep smiling
  • #1,093
  • Jul 7, 2010 10:12am Jul 7, 2010 10:12am
I am out every night, so yes I often refer to the 5 minute, it makes it easier for me to spot S/R..... multiple touches, open - close
  • #1,094
  • Jul 7, 2010 11:05am Jul 7, 2010 11:05am
Quoting Eggster
I am out every night, so yes I often refer to the 5 minute, it makes it easier for me to spot S/R..... multiple touches, open - close
Obviously you don't just trade off a 5min, you've got fibs on the larger timeframes as well.

MD.
Keep smiling
  • #1,095
  • Jul 7, 2010 11:14am Jul 7, 2010 11:14am
Correct... right on!

the 5minutes will expand out to a 4 hour if we are at a high or low

remember " the small fib will eventually become the large fib" from the S man himself.

And yes I have fibs from the most recent highs and lows on my charts, only those i feel have yet to complete.
  • #1,096
  • Jul 7, 2010 11:55am Jul 7, 2010 11:55am
It sure seems to me that interpreting the sloppy data is the hardest part.
  • #1,097
  • Jul 7, 2010 2:09pm Jul 7, 2010 2:09pm
This over shot the target by a few pips. I think I remember Thom saying something about GY overshooting the targets and then pulling back some to give the proper respect.

Bartstop
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  • #1,098
  • Jul 7, 2010 2:15pm Jul 7, 2010 2:15pm
Quoting bartstop
This over shot the target by a few pips. I think I remember Thom saying something about GY overshooting the targets and then pulling back some to give the proper respect.

Bartstop
Tweaked it a little. Hmmmmm.
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  • #1,099
  • Jul 7, 2010 2:25pm Jul 7, 2010 2:25pm
Things start working when I stop being so anal about being pip-perfect.

Bartstop
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  • #1,100
  • Jul 7, 2010 2:53pm Jul 7, 2010 2:53pm
I think this is the right fib BarTstop. It looks best on a 15min. We are going long on 2 larger fibs.

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The Limey.
Keep smiling
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