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  • #319,341
  • Nov 4, 2010 6:28am Nov 4, 2010 6:28am
Quoting kassec
ty. Last question : anything specific regarding the direct rise retracement ? I mean, can we use usual projections (38.2-61.8) or should we expect it to be smaller or larger than "usual" ? Faster ? Slower ?

Thanks again for your help.
I use Fibos to project retracements. But Fibonacci tool works ONLY when we have a TREND. Direct rise is not a trend thus its hard to project a valid trendline and fibo retracement as there is no valid higher lows
  • #319,342
  • Nov 4, 2010 6:28am Nov 4, 2010 6:28am
NY will take her up
  • #319,343
  • Nov 4, 2010 6:29am Nov 4, 2010 6:29am
Quoting FibbinArchie
Common in individual stocks I think, characteristic of a "pump 'n' dump"
Probably, tbh theoretically i know what that means but I havent witnessed many of it.
  • #319,344
  • Nov 4, 2010 6:31am Nov 4, 2010 6:31am
Quoting T@rantula
I use Fibos to project retracements. But Fibonacci tool works ONLY when we have a TREND. Direct rise is not a trend thus its hard to project a valid trendline and fibo retracement as there is no valid higher lows
150 point rise with no discernible pull back and on normal liquidity...
  • #319,345
  • Nov 4, 2010 6:34am Nov 4, 2010 6:34am
Quoting T@rantula
Probably, tbh theoretically i know what that means but I havent witnessed many of it.
You see it a lot in penny stocks, can make for great shorting opportunities, that in fact is how Tim Sykes turned 12K into 1.5mil in a year as a college under grad..

Stopping out till news time I think...
  • #319,346
  • Nov 4, 2010 6:34am Nov 4, 2010 6:34am
Quoting FibbinArchie
150 point rise with no discernible pull back and on normal liquidity...
yep. Not common thou. My target price was 4170 and 4200. Entry point 4016.

I havent expected a direct rise.
  • #319,347
  • Nov 4, 2010 6:36am Nov 4, 2010 6:36am
OBV shows a real divergence (H4) between Oct, 15th high and now. Any vsa guy here to throw a comment ? Or to explain me why it is not significant
Don't just be a sheep : make your own idea of it.
  • #319,348
  • Nov 4, 2010 6:37am Nov 4, 2010 6:37am
Quoting T@rantula
I use Fibos to project retracements. But Fibonacci tool works ONLY when we have a TREND. Direct rise is not a trend thus its hard to project a valid trendline and fibo retracement as there is no valid higher lows
fibo extension ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #319,349
  • Nov 4, 2010 6:37am Nov 4, 2010 6:37am
Quoting FibbinArchie
You see it a lot in penny stocks, can make for great shorting opportunities, that in fact is how Tim Sykes turned 12K into 1.5mil in a year as a college under grad..
Thanks for the info.
  • #319,350
  • Nov 4, 2010 6:39am Nov 4, 2010 6:39am
Quoting DMA Trader
fibo extension ?
yea its the same. Fibo retracement tool.
  • #319,351
  • Nov 4, 2010 6:43am Nov 4, 2010 6:43am
last call to get aboard the long uchf train!

anyone else wanna hop on? dont regret
  • #319,352
  • Nov 4, 2010 6:44am Nov 4, 2010 6:44am
Quoting T@rantula
yea its the same. Fibo retracement tool.
what timeframe do you use them
i don't see 1.426 on any timeframe on fibo extension.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #319,353
  • Nov 4, 2010 6:46am Nov 4, 2010 6:46am

if Minimum Bid Rate = 1.25% then EURUSD go Up


if Minimum Bid Rate = 0.75% then EURUSD go Down



  • #319,354
  • Nov 4, 2010 6:47am Nov 4, 2010 6:47am
Quoting Merry

if Minimum Bid Rate = 1.25% then EURUSD go Up


if Minimum Bid Rate = 0.75% then EURUSD go Down



No change !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #319,355
  • Nov 4, 2010 6:48am Nov 4, 2010 6:48am
Quoting T@rantula
yea its the same. Fibo retracement tool.
sir.. do you think now.. get ready to setup sell position?
MM system the best..
  • #319,356
  • Nov 4, 2010 6:50am Nov 4, 2010 6:50am
Quoting realdestina
sir.. do you think now.. get ready to setup sell position?
News time. Stay out.
Don't just be a sheep : make your own idea of it.
  • #319,357
  • Nov 4, 2010 6:51am Nov 4, 2010 6:51am
Quoting onemind
NY will take her up
I agree with you..
At this moment, I think the market is serving NY session and if they do lift the pair, I think this week we might reach the weekly trendline at 1.4550 (let's not forget NFP friday). The big question is: will the trend be over at that level or will continue? Well, I guess we just have to wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.jpg Size: 506 KB
  • #319,358
  • Nov 4, 2010 6:52am Nov 4, 2010 6:52am
Quoting fxswing
When watching 1 day and 4H charts, should I remind traders, that in a bullish market one is supposed to be long, and in a bearish market one is supposed to be short.
I know it's obvious, BUT, how many of you are just doing the opposite and ending with an account that is bleeding money fast ?


With some 60% of Oanda's traders positions being shorts, no wonder why we'll continue to go higher. People are fighting the trend, fuelling it when they cover or are margin called...

Just some food for reflection...
Nice breakout as expected.
Triangle target would be 1,4382...

Some charts to have a better view of what happened.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUUSD 11-03-2010 BF 1H.png Size: 82 KB
Click to Enlarge Name: EURUUSD 11-03-2010 BO 1H.png Size: 89 KB
Click to Enlarge Name: EURUUSD 11-03-2010 triangle BO 4H.png Size: 76 KB
Getting it right is NOT as important as not getting it wrong.
  • #319,359
  • Nov 4, 2010 6:53am Nov 4, 2010 6:53am
Quoting DMA Trader
No change !

No Change (also ) = DOWN !

  • #319,360
  • Nov 4, 2010 7:02am Nov 4, 2010 7:02am
I so am looking for a place to buy, but my charts say wait MOFO, wait
Look Sharp/Trade Tight
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