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  • #8,521
  • Mar 16, 2011 2:22am Mar 16, 2011 2:22am
Quoting BernieMadoff
Here we go. Its going for first the intraday high of 6136, Then the 4hr high of 6202 if the us session is controlled by the bulls.
Hi,

Entered long @ 6115 and waiting for T1 6200.
  • #8,522
  • Mar 16, 2011 2:37am Mar 16, 2011 2:37am
Ask you can see the psych level is stopping the bulls once again at the 20.
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Chairman of the International Billionaires Club :nerd:
  • #8,523
  • Mar 16, 2011 2:42am Mar 16, 2011 2:42am
Quoting vvkkrish
Hi,

Entered long @ 6115 and waiting for T1 6200.
That is not a good entry. You bought at resistance. And price may drop to 6096 (or further) (if it breaks the figure) before it makes another attempt at the 20. And the closer we get to the us session the more risky a buy can become.
Chairman of the International Billionaires Club :nerd:
  • #8,524
  • Mar 16, 2011 3:03am Mar 16, 2011 3:03am
Quoting BernieMadoff
That is not a good entry. You bought at resistance. And price may drop to 6096 (or further) (if it breaks the figure) before it makes another attempt at the 20. And the closer we get to the us session the more risky a buy can become.
I felt 6035 is possible in this swing :-(
  • #8,525
  • Mar 16, 2011 3:06am Mar 16, 2011 3:06am
It appears the 80 is going to hold as support. the fibs never lie. and that where the short level was. :nerd:
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Chairman of the International Billionaires Club :nerd:
  • #8,526
  • Mar 16, 2011 3:13am Mar 16, 2011 3:13am
Quoting vvkkrish
I felt 6035 is possible in this swing :-(
closed my entry @ 6183
  • #8,527
  • Mar 16, 2011 3:19am Mar 16, 2011 3:19am
Quoting vvkkrish
closed my entry @ 6183
We haven't reached 6183. do you mean 6083? Right before it turned?
Chairman of the International Billionaires Club :nerd:
  • #8,528
  • Mar 16, 2011 3:26am Mar 16, 2011 3:26am
Quoting BernieMadoff
We haven't reached 6183. do you mean 6083? Right before it turned?
sorry....6118
  • #8,529
  • Mar 16, 2011 4:28am Mar 16, 2011 4:28am
We have another consolidated battle going on like yesterday. Bears is stopping the bulls at the 20 and the bulls is holding the bears at the 80. We need to break out of the yellow box. But this consolidation is paying with nice scalps.
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Chairman of the International Billionaires Club :nerd:
  • #8,530
  • Mar 16, 2011 4:02pm Mar 16, 2011 4:02pm
Quoting BernieMadoff
I need three more vouchers?
Hi Bernie,
You don't need vouchers to open a new thread.
On the home page,
1- Go to the "forums" tab.
It will take to a menu window. You will see a menu(Interactive Trading, Trading Systems and so on)
2- Click on "Trading Systems"
The next window is a list of threads, starting with the one with the most recent post.
To the upper left of the window Under the title Forums-- Trading systems, there is a little box that says "Post New Thread". Click on that box and follow the instructions to start the new thread.
  • #8,531
  • Mar 16, 2011 4:22pm Mar 16, 2011 4:22pm
Quoting bcarbon
Hi Bernie,
You don't need vouchers to open a new thread.
On the home page,
1- Go to the "forums" tab.
It will take to a menu window. You will see a menu(Interactive Trading, Trading Systems and so on)
2- Click on "Trading Systems"
The next window is a list of threads, starting with the one with the most recent post.
To the upper left of the window Under the title Forums-- Trading systems, there is a little box that says "Post New Thread". Click on that box and follow the instructions to start the new thread.
I want to put it in interactive trading :nerd:
Chairman of the International Billionaires Club :nerd:
  • #8,532
  • Mar 17, 2011 12:21am Mar 17, 2011 12:21am
Price is testing the intraday short. The break of this level means no buy can be taken. It is too much resistance (6035, 6045, 6048, and 6053) to surpass before a buy can even be considered. But if price brake all these levels by london open, we can look for the intraday long of 6071 to be tested. Only when this is breached can we consider longs. Because we started this day in a sellers market and buyers don't have control until that breach. But I am not going with that level as an official buyers breach because we have the swing T1 and the infamous 80 waiting right above it. And you know what the pass couple of days has been like with that level. 4hr chart is saying reversal though. It just might not be today. Sellers may be planning on finally breaking that 5976 low.:nerd:
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Chairman of the International Billionaires Club :nerd:
  • #8,533
  • Mar 17, 2011 1:07pm Mar 17, 2011 1:07pm
As mentioned earlier, the 4hr chart was saying long by their candle signals. the 4hr chart range fib surpassed the short level, and is scouting for the pivot @ 6158. The market has to break this level and the 4hr tl before it can reach its ultimate goal of breaking 6202. The level its been held under ever since it fell under it on march 11th. But before it can get there, it has to overcome 6144 and 6180, respectively. :nerd:
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Chairman of the International Billionaires Club :nerd:
  • #8,534
  • Mar 17, 2011 1:23pm Mar 17, 2011 1:23pm
***THIS IS MY LAST POST TO THIS THREAD. I STARTED MY OWN THREAD IN THE TRADING SYSTEMS SECTION OF THE FORUMS. PLEASE FEEL FREE TO JOIN ME THERE TO FOLLOW MY FORECASTS AND COMMENT AS YOU FEEL FIT. IT'S CALLED PRINT MONEY TRADERS, BECAUSE IT'S FOR THOSE TRADERS WHO WANT TO MAKE A LUCRATIVE LIVING FROM FOREX TRADING. FOLLOW THIS LINK TO MY THREAD.:nerd:***http://www.forexfactory.com/showthre...07#post4480407
Chairman of the International Billionaires Club :nerd:
  • #8,535
  • Mar 22, 2011 10:23am Mar 22, 2011 10:23am
I've used fibonacci for a couple years but ever made a whole lot of sense from them. I always knew or felt they played an important role in the markets. I just never knew how to apply them like they are done here.

I'm almost through this entire thread, but wanted to say it's refreshing to read, and to see thus far that it appears Bobokus has helped many traders here to become successful.

speedarad, Thexder and several others have been beacons of light and hope! Thank you all for your posts.

Knowing I use fibonacci, a friend of mine turned me onto this thread here.

I got one more from a skunny person I was also asked to read. At first glance I don't see many on that thread doing as well as those here, but I'll be reading it too and see where it leads.

Anyhow, just wanted to say hi and say thank you to all the supporters and posters for keeping this thread active. We may not of found it otherwise.
  • #8,536
  • Mar 24, 2011 5:13pm Mar 24, 2011 5:13pm
Quoting LetterBlack
I've used fibonacci for a couple years but ever made a whole lot of sense from them. I always knew or felt they played an important role in the markets. I just never knew how to apply them like they are done here.

I'm almost through this entire thread, but wanted to say it's refreshing to read, and to see thus far that it appears Bobokus has helped many traders here to become successful.

speedarad, Thexder and several others have been beacons of light and hope! Thank you all for your posts.

Knowing I use fibonacci, a friend of mine turned...

Yeah , It was a great journey for me, and for many others! Bobokus really turn on the light in a dark room!
Hope you could benefit as well from his teachings!
If you have any questions I will try to help you !


All the best

Speed
  • #8,537
  • Mar 25, 2011 12:06am Mar 25, 2011 12:06am
Quoting speedarad
Yeah , It was a great journey for me, and for many others! Bobokus really turn on the light in a dark room!
Hope you could benefit as well from his teachings!
If you have any questions I will try to help you !


All the best

Speed
See its words like this that speak volumes to someone like me. I LOVE the attitude here.
Actually I do have one very tiny question . Maybe I should PM you though. Its quick I promise!

Cheers!

Hmmm - can't see to PM anybody yet. Not enough posts perhaps?
  • #8,538
  • Mar 25, 2011 7:53pm Mar 25, 2011 7:53pm
Quoting LetterBlack
See its words like this that speak volumes to someone like me. I LOVE the attitude here.
Actually I do have one very tiny question . Maybe I should PM you though. Its quick I promise!

Cheers!

Hmmm - can't see to PM anybody yet. Not enough posts perhaps?
I think you need some posts under your belt for PM's.
Don't really understand the reason for that >
  • #8,539
  • Mar 29, 2011 11:35am Mar 29, 2011 11:35am
I'm on page 400+ and felt its time to post a chart and get some feedback perhaps. I know its tough when newbies (to the method) come in after all this time has passed and starting posting questions and what have you.

I'm still trying to figure out when to expand intraday fibs. I'm thinking my fib should still be on Monday.

This chart we are currently short bias. Not trading short until we see some rejection of res... but any longs here should be considered scalp mode only.

Think I got that right
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  • #8,540
  • Mar 31, 2011 9:20pm Mar 31, 2011 9:20pm
Quoting LetterBlack
I'm on page 400+ and felt its time to post a chart and get some feedback perhaps. I know its tough when newbies (to the method) come in after all this time has passed and starting posting questions and what have you.

I'm still trying to figure out when to expand intraday fibs. I'm thinking my fib should still be on Monday.

This chart we are currently short bias. Not trading short until we see some rejection of res... but any longs here should be considered scalp mode only.

Think I got that right


Every day is different. Look at the chart what happened a day before!
Mkt retraced to the friday's fibs levels and got rejected but soon after that the move died and actually start moving up again.Now you got a double top around 1.60300 area and now on Tuesday we start mooving down again.But we never saw a break of the previous low about 1.59419 area.Actually you got a double bottom because after that mkt start moving up again bringing to the point that you are right know(when you posted the chart I mean). This is sign for a possible strong retracement of the previous downmove we saw last week. At this point you can start looking for longs(scalps) if on the first retracement the levels holds.
A candel closing above 1.60033 level and you have a strong indication that downtrend is over for now and you can look for longs.
Sorry to get back so late to you.
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