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  • #424,341
  • Apr 19, 2011 3:24pm Apr 19, 2011 3:24pm
Quoting PayTheLimit
What up brother, how ya been...
Holy crap, its PTL. Knew you couldn't stay away for too long... miss us to much
  • #424,342
  • Apr 19, 2011 3:24pm Apr 19, 2011 3:24pm
Quoting redsword11
more to the point - you think a fib turns price ?
This is what I am seeing Red...

Not so much a fib, but retrace for a trigger down on the hourly...

R2R on this one worthy of a shot IMO...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #424,343
  • Apr 19, 2011 3:25pm Apr 19, 2011 3:25pm
Quoting redsword11
ok traders, cough


what makes any fib more important than any other ?
Dont know, but my work has show that the two most important fibs, are 0, and 100...
Look Sharp/Trade Tight
  • #424,344
  • Apr 19, 2011 3:26pm Apr 19, 2011 3:26pm
Quoting redsword11
ok traders, cough


what makes any fib more important than any other ?
i like how people who talk about fib with no TF analysis sound like people who talk about 50% fib point or wt ever just to give themselves hope on countertrend trading lol...
Trend = Friend, learn to trade with it... if you're looking to enter a reversal, wait for a confirmation of a new trend first from a bearish bounce etc etc...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #424,345
  • Apr 19, 2011 3:26pm Apr 19, 2011 3:26pm
Quoting Venice
Not sure, don't have them on my chart. I do tend to like 50% of candles set in supply and demand zones though. Makes excellent targets.

l'm asking the fib masters here - 50% fib and it drops? based on what? who comes out with junk like this ....... losers come out with junk like this, true


its like saying. if l changed my trendlines from blue to pink they will turn price


GET REAL - PRICE TURNS PRICE, RATHER PRICE STRUCTURE ON THE LEFT TURNS PRICE ON THE RIGHT
  • #424,346
  • Apr 19, 2011 3:27pm Apr 19, 2011 3:27pm
Quoting PayTheLimit
What up brother, how ya been...
All good in the hood...

I have limited my FF activities due to a few fingers being gnarled by my snowblower along with the realization that most active members trade like old people fuck...kinda messy and all over the place...finding it really hard to find the motivation to participate...

But still stop by, like trying to get your eyes not to stare at an accident....

How was the vacay?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #424,347
  • Apr 19, 2011 3:27pm Apr 19, 2011 3:27pm
Quoting Venice
Holy crap, its PTL. Knew you couldn't stay away for too long... miss us to much
Indeed, turns out I'm not as seious as I thought. Plus I always liked the idea of hanging out at the bar fom Star Wars...
Look Sharp/Trade Tight
  • #424,348
  • Apr 19, 2011 3:30pm Apr 19, 2011 3:30pm
Quoting Magix
All good in the hood...

I have limited my FF activities due to a few fingers being gnarled by my snowblower along with the realization that most active members trade like old people fuck...kinda messy and all over the place...finding it really hard to find the motiva tion to participate...

But still stop by, like trying to get your eyes not to stare at an accident....

How was the vacay?
For some reason I've always been a fan of hearing a story that includes a snowblower. Glad your all right. Vacay was good, planning another one in a few days...
Look Sharp/Trade Tight
  • #424,349
  • Apr 19, 2011 3:34pm Apr 19, 2011 3:34pm
Quoting bguguen
i like how people who talk about fib with no TF analysis sound like people who talk about 50% fib point or wt ever just to give themselves hope on countertrend trading lol...
Trend = Friend, learn to trade with it... if you're looking to enter a reversal, wait for a confirmation of a new trend first from a bearish bounce etc etc...

ITS ALL SUBJECTIVE UNTIL PA TELLS YOU


true?


ok, prices can't drop @ supply zones without bearish enguilfing of some manner.... true?


there follows - prices can't rally @ demand zones without bullish enguilfing of some manner ......... true implies true is true, false implies false is true, but true implies false is false and false implies false is true


.... lets say we have some fcukwit trader, who sees a hammer on 30min @ AN 4HR DEMAND, that 30min hammer will be constructed of BULLISH ENGUILFING on lower tfs, correct? yet the master gurus how sell education usually state - eh, lower tfs are noise, stick to higher tfs, wanna know why they say that? because those paid fcukwits can't read lower tfs, l can


the universe is understood from the mechanics of an atom .......... well?
  • #424,350
  • Apr 19, 2011 3:34pm Apr 19, 2011 3:34pm
Quoting redsword11
l'm asking the fib masters here - 50% fib and it drops? based on what? who comes out with junk like this ....... losers come out with junk like this, true


its like saying. if l changed my trendlines from blue to pink they will turn price


GET REAL - PRICE TURNS PRICE, RATHER PRICE STRUCTURE ON THE LEFT TURNS PRICE ON THE RIGHT
If the 23.6 retracement doesn't turn, maybe the 38.2 will, if not maybe the 61.8 will, if not maybe the 76.8 or 78.6 will, maybe they don't turn price at all. Maybe they are more of an illusion.

50% isn't a fibonacci number at all, that's more of a gann thing.

You are also correct that pink trendlines work better than blue in turning price.
  • #424,351
  • Apr 19, 2011 3:35pm Apr 19, 2011 3:35pm
Very nice chart Magix,

I did not spot that Line you drew before but it makes sense and I had a potential Res (horizontal) at 1.4351.

We now have a nice Shooting star on H1, the second within the past 1- 4 hours. Most of the wicks are up too on H1.

Price seems to want to break 1.433 atm. If that happens we may see 1.4309 before 00GMT.

I'll wait for the close of the H4 and will re-assess then.

PS: Hope you are keeping well

Quoting Magix
This is what I am seeing Red...

Not so much a fib, but retrace for a trigger down on the hourly...

R2R on this one worthy of a shot IMO...
  • #424,352
  • Apr 19, 2011 3:37pm Apr 19, 2011 3:37pm
Quoting redsword11
ITS ALL SUBJECTIVE UNTIL PA TELLS YOU


true?


ok, prices can't drop @ supply zones without bearish enguilfing of some manner.... true?


there follows - prices can't rally @ demand zones without bullish enguilfing of some manner ......... true implies true is true, false implies false is true, but true implies false is false and false implies false is true


.... lets say we have some fcukwit trader, who sees a hammer on 30min @ AN 4HR DEMAND, that 30min hammer will be constructed of BULLISH ENGUILFING on lower tfs, correct? yet the master gurus...


just another point - eh, make sure that 30min hammer # 4hr demand is not constructed of compressed raliies - that will not hold
  • #424,353
  • Apr 19, 2011 3:37pm Apr 19, 2011 3:37pm
Here is a little weekly chart showing what we are up to right now. Yesterday, we broke the uptendline shortly and i heard already screams of a trend reversal. Today, here are a few things to consider. Of both the weekly downtrend and uptrend line which one was quickly reclaimed? Then look at the 2008 and 2010 supply zones and the reaction at these levels. True, we were in a supply zone at 1,4520 but the reaction yesterday was a mere blip in the overall picture and except for the 1 minute chart, there is nothing even remotely resembling a change of trend. Good luck.
Attached Image (click to enlarge)
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  • #424,354
  • Apr 19, 2011 3:38pm Apr 19, 2011 3:38pm
Quoting redsword11
l'm asking the fib masters here - 50% fib and it drops? based on what? who comes out with junk like this ....... losers come out with junk like this, true


its like saying. if l changed my trendlines from blue to pink they will turn price


GET REAL - PRICE TURNS PRICE, RATHER PRICE STRUCTURE ON THE LEFT TURNS PRICE ON THE RIGHT
About raising the sword. After you have to let it fall, right? Seems like a preriquisite...in time where yougster get blown up under the instruction of adult preaching paradise and pushing the wireless command...
  • #424,355
  • Apr 19, 2011 3:38pm Apr 19, 2011 3:38pm
Quoting Dishwasher
If the 23.6 retracement doesn't turn, maybe the 38.2 will, if not maybe the 61.8 will, if not maybe the 76.8 or 78.6 will, maybe they don't turn price at all. Maybe they are more of an illusion.

50% isn't a fibonacci number at all, that's more of a gann thing.

You are also correct that pink trendlines work better than blue in turning price.

.. and you have seen my live entries tear all this BS into pieces
  • #424,356
  • Apr 19, 2011 3:39pm Apr 19, 2011 3:39pm
My ploblem with fibs has always been where to draw the damn things. Which swing to start with, which high, whick low, etc. Thats why I have been using some other, rather unorthodox methods, kinda like pulling them out of my ass. Seems to be working from time to time however.
Look Sharp/Trade Tight
  • #424,357
  • Apr 19, 2011 3:42pm Apr 19, 2011 3:42pm
...... as usual, forgetting my manners


good evening MX
  • #424,358
  • Apr 19, 2011 3:46pm Apr 19, 2011 3:46pm
Quoting Deltabravo
About raising the sword. After you have to let it fall, right? Seems like a preriquisite...in time where yougster get blown up under the instruction of adult preaching paradise and pushing the wireless command...

TRY ME ANY TIME YOU FEEL BRAVE


you have no idea who wrote those immortal words, let me give you an idea. He who wrote those words had to witness his sons bound alive in a wall, but when the bricklayer reached his childrens knees, there was a problem for the bricklayer. He started to shape the bricks, cutting bits out the bricks so that the wall would be built straight, the sons of my forefather noticed what the bricklayer was doing and suggested - excuse me, wouldn't it be easier to just cut off ours knees? SO IT WAS SAID, SO IT WAS DONE
  • #424,359
  • Apr 19, 2011 3:47pm Apr 19, 2011 3:47pm
Quoting redsword11
.. and you have seen my live entries tear all this BS into pieces
Cut their throats, I've seen it. No bs stuff like they sell in books. Prechter once even admitted he was a horrible trader, yet some still buy his bs.
  • #424,360
  • Apr 19, 2011 3:49pm Apr 19, 2011 3:49pm
first off as crass as you are you make great points.

fibs don't turn price
trend lines don't turn price
bollinger
MACD
stochastics
Support and resistance

they are all TECHNICAL STUDIES designed to give you tools to either do or die (enter a trade) or if used correctly.....i can go as far as to say you can use that information to aid you on your decision process the trick is not to let them INFLUENCE OR MAKE YOU HAVE A BIAS.

PRICE ACTION has its flaws as welll, a bunch of candles wont turn price. They are an indication of what price has done open high low close of a set time. be it 1 minute or 1 day.

lower time frames to me are inportant to feel the flow of the price and direction of it.
and higher time frames to look at a zoom out picture.


you mean well REDSWORTH and you truly know what youre talking about

a neutron,photons and electrons are all part of atoms that in turn are part of cells that in turn are part of organs that in turn are part of organism.
and organisms are part of ecosystems

that is why it is important to KNOW YOUR ECOSYSTEM
FUNDAMENTAL ANALYSIS
and study your organism MARKET STRUCTURE AND TRENDS AT HIGHER TIME FRAMES
in order to see the atoms and see the direction they will move

ITS ALL PART OF ONE.

KNOW YOUR STRATEGY WELL
AND KNOW THE MARKET
AS WELL AS KNOW YOURSELF
and there is your edge
AVT INVENIAM VIAM AVT FACIAM
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