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Fibonacci Paradise

  • #1,701
  • Aug 4, 2010 2:33am Aug 4, 2010 2:33am
Quoting RaptorUK
Page 33, post #493

Thanks, put that weapon down!

MD.
Keep smiling
  • #1,702
  • Aug 4, 2010 2:59am Aug 4, 2010 2:59am
I'm short this. Green target should be hit.

Attached Image (click to enlarge)
Click to Enlarge Name: EG040810.png Size: 14 KB


Murphy.
Keep smiling
  • #1,703
  • Aug 4, 2010 3:25am Aug 4, 2010 3:25am
Quoting Misterdaz
I'm short this. Green target should be hit.

Attachment

Murphy.
Oi, You show off !

What's the green fib based on ?

skong
  • #1,704
  • Aug 4, 2010 3:36am Aug 4, 2010 3:36am
Quoting skong
Oi, You show off !

What's the green fib based on ?

skong
It's eco friendly.

MD.

EDIT: It was the current sequential pull in that swing as I see things.
Keep smiling
  • #1,705
  • Aug 4, 2010 3:45am Aug 4, 2010 3:45am
Quoting Misterdaz
It's eco friendly.

MD.

EDIT: It was the current sequential pull in that swing as I see things.
Gotcha.
  • #1,706
  • Aug 4, 2010 4:37am Aug 4, 2010 4:37am
Quoting Eggster
Yes , look for respect..38..50..62 off the first swing (any time frame)

now do the same on the last swing, remember pivots


There is a lot to look for, but just like driving a car, it will become subconscious.
Keeping your conscious brain available to asses risk

Hey Eggster when you say "first swing" .. do you mean the current swing?
  • #1,707
  • Aug 4, 2010 5:40am Aug 4, 2010 5:40am
A little morning reflection. (thanks bart)

I know Skunny is 100% right when he says you have to see it, discover it yourself.

He started us on a journey with a pair of shoes and a little map drawn on a napkin.

Most give up before getting 1 mile, few, very few will develop all the skills required to climb the mountains and swim the seas....

This journey has a lot more to it than a "skunny 138"

If my memory is right, i thought Skunny dumbed down his methods to give a starting point for learning, kind of like Kindergarten!

So don't expect to do calculus when you can only count to ten.

Have a great day everyone

Egg
  • #1,708
  • Aug 4, 2010 5:53am Aug 4, 2010 5:53am
Hey Gridtrader



Quoting GridTrader

..from reading RaptorUk's posts.

They make you think.
The purpose of all my posts here are to provoke thought.

And your buddy Raptor gets all the credit He sounded serious to me
  • #1,709
  • Aug 4, 2010 6:12am Aug 4, 2010 6:12am
Nice one MrD

Quoting Misterdaz
I'm short this. Green target should be hit.

Attachment

Murphy.
  • #1,710
  • Aug 4, 2010 6:15am Aug 4, 2010 6:15am
Quoting Eggster
Nice one MrD
Why thankyou you old egg head!

MrD.
Keep smiling
  • #1,711
  • Edited 1:28pm Aug 4, 2010 7:13am | Edited 1:28pm
Hi Hush

Quoting Hush
Hey Eggster when you say "first swing" .. do you mean the current swing?

It's all relevant (do I say this often) to the time frame... if it is making higher highs, and higher lows and you can see it.. it isn't the "first swing"
  • #1,712
  • Aug 4, 2010 1:29pm Aug 4, 2010 1:29pm
Skunny was hesitant to start this thread... with good reason.

We know this is 1% of what is (he told us), the other 99% will come to you when you are ready.

How do you know when you are ready?? Step by step you will know!

You have to use the right tool for the job.... remember screwdriver, nail, oak.

Stop trying to solve all the mysteries of the market with a Skunny 138.

It's like trying to fit a 3/8 socket (14mm) on a 1/2 (say18mm) bolt.


Keep to basic math (fibbing) and you will have success.


If you are going to be successful you to have to put your egos aside.
If you want to learn more you have to put your ego aside.

Meaning admitting to yourself: I KNOW NOTHING.

I find the problem with public forums is that most (not all) but most of posters have egos larger than life.
Kind of reminds me of Market analysts, seminar salesmen, trade callers.. can see something..probably not worth listening to.

I am sure some are already saying f u a hole, that's ok... enjoy your life.

If you are able to find and trade (if you choose) each market top and bottom, (yes always relative)Time and Price,
then you have arrived.

I am sure you will enjoy the ride.

Wishing you all the best.
Craig
  • #1,713
  • Aug 4, 2010 2:06pm Aug 4, 2010 2:06pm
Quoting Eggster

I am sure you will enjoy the ride.

Wishing you all the best.
Craig
Mr Egg,

Ahhhh,

Spreading the wings!

Wishing you well.

Bud Fox
Jeremiah WAS a bullfrog.
  • #1,714
  • Aug 4, 2010 2:55pm Aug 4, 2010 2:55pm
Quoting Eggster
Skunny was hesitant to start this thread... with good reason.

We know this is 1% of what is (he told us), the other 99% will come to you when you are ready.

How do you know when you are ready?? Step by step you will know!

You have to use the right tool for the job.... remember screwdriver, nail, oak.

Stop trying to solve all the mysteries of the market with a Skunny 138.

It's like trying to fit a 3/8 socket (14mm) on a 1/2 (say18mm) bolt.


Keep to basic math (fibbing) and you will have success.


If you are going to be successful...

Back at you Craig. Many thanks for all of your kind suggestions here. You will likely never realize the extent your posts have helped many of us. There are so may ways to apply this concept and I for one am enjoying the journey and challenge. Best to you and yours sir.

K.I.S.S.
  • #1,715
  • Aug 4, 2010 3:02pm Aug 4, 2010 3:02pm
Quoting Eggster
Hi Hush




It's all relevant (do I say this often) to the time frame... if it is making higher highs, and higher lows and you can see it.. it isn't the "first swing"
OK good thats what I thought you meant , thanks

Hush.
  • #1,716
  • Aug 4, 2010 6:30pm Aug 4, 2010 6:30pm
Hello guys. I hope everyone is doing well. Thanks for all your help Eggster hate to see you leave. Gbp/Jpy had some good bullish movement today. Still long but I added a few more lots to my trade when I saw the Inside bar setup right above the 50% line. I pray all goes well with this trade.
  • #1,717
  • Aug 5, 2010 1:19am Aug 5, 2010 1:19am
Quoting Checkz
Hello guys. I hope everyone is doing well. Thanks for all your help Eggster hate to see you leave. Gbp/Jpy had some good bullish movement today. Still long but I added a few more lots to my trade when I saw the Inside bar setup right above the 50% line. I pray all goes well with this trade.
I see you are now messing with the big boys. GY eh...

MD.
Keep smiling
  • #1,718
  • Aug 5, 2010 5:33am Aug 5, 2010 5:33am
Yeah im trying to trade Gbp/Jpy but I got a margin call due to overleverage. It's cool though I can still get back in. Im kind of thinking we may see more downward movement but I don't know.
  • #1,719
  • Aug 5, 2010 5:44am Aug 5, 2010 5:44am
Some people say that you don't need to learn MM until you have learned to trade . . . I reject that idea.

If you know what you want to risk and risk what you want to risk you won't get a MC.

Despite what Thom thinks and says, IMO, MM is an essential part of trading . . .
20 pips a day isn't too much to ask . . .
  • #1,720
  • Aug 5, 2010 6:03am Aug 5, 2010 6:03am
Quoting Checkz
Yeah im trying to trade Gbp/Jpy but I got a margin call due to overleverage. It's cool though I can still get back in. Im kind of thinking we may see more downward movement but I don't know.
I hope that was demo Checkz. Don't forget to factor your risk correctly. If you don't know don't touch it mate.

Here's a few chartz Checkz. Just my ideas, does not mean they are right.

The larger upswing looks complete for now.

Attached Image (click to enlarge)
Click to Enlarge Name: gy050810.png Size: 16 KB


This next chart is a good example of a larger 138 stopping a smaller fib.

Attached Image (click to enlarge)
Click to Enlarge Name: gy050810a.png Size: 14 KB


And, on this last upswing I see no trigger after the 61.8.

Attached Image (click to enlarge)
Click to Enlarge Name: gy050810b.png Size: 14 KB


I'm sure there are many more versions of now out there but that is what I found quickly.

MD.
Keep smiling
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