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  • #821
  • Oct 19, 2010 10:55am Oct 19, 2010 10:55am
Hello everyone

Just been looking through the method thread and trying to practice drawing the fibs. can someone clarify something for me?

Looking at the EU chart - if I were to fib the entire move down would that begin at 01.30 (GMT) on 19/10 - a hi of 14003 or at 10.20 (GMT) on 19.10 - a hi of 13958?

I hope someone can help.

Many thanks
  • #822
  • Oct 19, 2010 12:24pm Oct 19, 2010 12:24pm
Quoting Delite
Hello everyone

Just been looking through the method thread and trying to practice drawing the fibs. can someone clarify something for me?

Looking at the EU chart - if I were to fib the entire move down would that begin at 01.30 (GMT) on 19/10 - a hi of 14003 or at 10.20 (GMT) on 19.10 - a hi of 13958?

I hope someone can help.

Many thanks
Hi Delite,

I guess you were trying to make the daily fib. For daily fib, we just use the previous day's hi-lo. So, for EU it's from 1.4003 to 1.3767, I hope this's the low of the day.

I hope that answers your question. Feel free to ask again.
  • #823
  • Oct 19, 2010 12:26pm Oct 19, 2010 12:26pm
Quoting a2xm
Hi Delite,

I guess you were trying to make the daily fib. For daily fib, we just use the previous day's hi-lo. So, for EU it's from 1.4003 to 1.3767, I hope this's the low of the day.

I hope that answers your question. Feel free to ask again.

Thank you!
  • #824
  • Edited 4:31am Oct 20, 2010 4:23am | Edited 4:31am
Another question, I'm afraid!

Re the intraday fib. Simone initially fibs the high and low found between 12pm EST and 3am EST. Being UK based this would be 5am - 8am. Is this the time period people are still using or should I fib the high and low of the full Asian session? Indeed, does it matter either way?

If anyone has time to answer I would be very grateful.

Actually, one more...

Simone says that you need to readjust your intraday fib when a new high/low is made along with a retrace to the 19.1/80.9 level or beyond. What if you are in a steady trend but any retraces are not going back as far as those levels which have been set at the first high/low. Do you have to wait until this happens? Hope that makes sense!
  • #825
  • Oct 20, 2010 4:32am Oct 20, 2010 4:32am
hi...

that is the setup period for intraday fib that madame simoneg used, imo.

well however.... you could use other time period that fits with you to setup intraday fib

just reminder : there is other fibs such as : daily fib, weekly fib, monthly and yearly fib. we have to know how the PA acts at every given fib line first to filter noise.

Besides all mentioned fib, i used other fib : quarterly fib to control and filter the noise and to see longterm view

tq

rgds,iqyu


Quoting Delite
Another question, I'm afraid!

Re the intraday fib. Simone initially fibs the high and low found between 12pm EST and 3am EST. Being UK based this would be 5am - 8am. Is this the time period people are still using or should I fib the high and low of the full Asian session? Indeed, does it matter either way?

If anyone has time to answer I would be very grateful.
not euphoria follower
  • #826
  • Oct 20, 2010 4:59am Oct 20, 2010 4:59am
if no retrace to 19.1/80.9, no adjustment needed. wait till the PA hit TP ( of course with your own risk management also ) , if no retrace again.....it indicate strong trend...watch higher fib beside intraday fib then...

U have to know first how the PA at other fib line also. at least... if u trade using intraday fib... u should see daily fib also, and with weekly fib also will be better


Quoting Delite
Another question, I'm afraid!

Re the intraday fib....
not euphoria follower
  • #827
  • Oct 20, 2010 5:00am Oct 20, 2010 5:00am
Quoting iqyu5an
if no retrace to 19.1/80.9, no adjustment needed. wait till the PA hit TP ( of course with your own risk management also ) , if no retrace again.....it indicate strong trend...watch higher fib beside intraday fib then...

U have to know first how the PA at other fib line also. at least... if u trade using intraday fib... u should see daily fib also, and with weekly fib also will be better

You are a star! Thank you so much - I have got the higher timeframes fibs set up so will be watching them

Thanks again - and happy trading!
  • #828
  • Oct 20, 2010 5:13am Oct 20, 2010 5:13am
star ? no laaaaaaaaaa . just in learning phase also bro

using higher TF ( candle ) and higher period fib ... we could filter the noise and the emotion ( the hard things in forex hehehhehehe )

happy trading you also bro....and good luck



Quoting Delite
You are a star! Thank you so much - I have got the higher timeframes fibs set up so will be watching them

Thanks again - and happy trading!
not euphoria follower
  • #829
  • Oct 20, 2010 7:50am Oct 20, 2010 7:50am
Igyu - another question...

The breach of the 50% fib - I believe we are supposed to wait for a retrace before entering a position, but looking at some of the charts on here that doesn't always seem to happen.

Is the retrace the better trade in a theoretic sense but one that you have to judge for yourself?
  • #830
  • Oct 20, 2010 8:50pm Oct 20, 2010 8:50pm
again and again we are back to this area after drop. personally,dunno exactly what the reason for the big drops at this area. yes there is doji in last friday... but potential supported is broken so fantastic ...hmmm currency war statement effect ? again dunno... am just very small trader in learning phase....

however .... quarterly period frame helps us not to be panic and let us walking in the frame and filtering noise.... then we can think clearly without emotion


rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=746


Quoting iqyu5an
bear threat at bull zone ( for a trend or just a retracement from 610x
http://www.forexfactory.com/showpost...&postcount=746)

hmmm look back past PA

rgds,iqyu
http://www.forexfactory.com/showpost...stcount=260946
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oct 21 before adjust daily.gif Size: 44 KB
Click to Enlarge Name: oct 21 after adjusted daily.gif Size: 37 KB
not euphoria follower
  • #831
  • Oct 20, 2010 8:59pm Oct 20, 2010 8:59pm
for not miss understanding... u mean breach ( in breach level term in scfm concept ) or 50 % fib , delite ?

which charts ? may u give the link ?

thanks

Quoting Delite
Igyu - another question...

The breach of the 50% fib - I believe we are supposed to wait for a retrace before entering a position, but looking at some of the charts on here that doesn't always seem to happen.

Is the retrace the better trade in a theoretic sense but one that you have to judge for yourself?
not euphoria follower
  • #832
  • Oct 21, 2010 5:10am Oct 21, 2010 5:10am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone
Attached Image (click to enlarge)
Click to Enlarge Name: big chart.jpg Size: 60 KB
  • #833
  • Oct 21, 2010 5:48am Oct 21, 2010 5:48am
me too
http://www.forexfactory.com/attachme...3&d=1286601750
http://www.forexfactory.com/attachme...1&d=1287625759


Quoting samirb
Good day everyone
not euphoria follower
  • #834
  • Oct 21, 2010 11:36am Oct 21, 2010 11:36am
Quoting iqyu5an
me too
http://www.forexfactory.com/attachme...3&d=1286601750
http://www.forexfactory.com/attachme...1&d=1287625759
Hi all
No doubt there is Huge bearish pressure on e/u and g/u = Buy US$
Just try to figure out where is best possible long term entry.

My 4H g/u very near to turn bearish
  • #835
  • Edited 3:07pm Oct 21, 2010 2:49pm | Edited 3:07pm
Now Pa 1.57
Are we going to 1.53
Okay i made my plan TP , SL depends on my 4H
I'm IN @1.57 And maybe add if we go 1.58
Let's how much i will lose Or Maybe win
BTW i always calculate my lose before how much i will win
GL
  • #836
  • Oct 21, 2010 3:14pm Oct 21, 2010 3:14pm
Quoting egkid
Now Pa 1.57
Are we going to 1.53
Okay i made my plan TP , SL depends on my 4H
I'm IN @1.57 And maybe add if we go 1.58
Let's how much i will lose Or Maybe win
BTW i always calculate my lose before how much i will win
GL
sense of the market
Inserted Video
  • #837
  • Oct 22, 2010 5:01am Oct 22, 2010 5:01am
Quoting egkid
sense of the market
http://www.youtube.com/watch?v=izl0f...eature=related
So far my Plan go nice, will check again after 2h when my 4h candle close.

Where r u bro!?
  • #838
  • Oct 22, 2010 5:14am Oct 22, 2010 5:14am
here i am bro...

am going to buy weapon and bullet to kill things that broke the support



Quoting egkid
So far my Plan go nice, will check again after 2h when my 4h candle close.

Where r u bro!?
not euphoria follower
  • #839
  • Oct 22, 2010 7:03am Oct 22, 2010 7:03am
Quoting iqyu5an
here i am bro...

am going to buy weapon and bullet to kill things that broke the support
15 Hours Passed and still no move no decision
  • #840
  • Oct 22, 2010 11:14am Oct 22, 2010 11:14am
Quoting egkid
Now Pa 1.57
Are we going to 1.53
Okay i made my plan TP , SL depends on my 4H
I'm IN @1.57 And maybe add if we go 1.58
Let's how much i will lose Or Maybe win
BTW i always calculate my lose before how much i will win
GL
Update
No change to my plan.
Position still open and maybe add if we go 1.58 (Long term plan)
Catch u next week.
GL All
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