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  • #1,401
  • Aug 23, 2011 11:03am Aug 23, 2011 11:03am
Quoting needpips
eyeing 4445....
We'll retrace here, and possible drop back to 90.. careful below 4420.
  • #1,402
  • Aug 23, 2011 11:05am Aug 23, 2011 11:05am
Quoting kenfen69
Pretty good recent post from Hatch on the EU thread. Sometimes a picture tells a thousand words. Dissect the image...mofos!
Damn, this thread is firing away. Well done.

The image makes quite clear, where the area of trouble is situated, and the explanation is one piece of common sense that is so very much derived from logic that it can be overlooked.
When you pull your fibs, choosing the very top and/or bottom doesn't necessarily mean that you have found it - often the buying/selling-pressure is not at the top/bottom, and that's where you want to pull your fibs from. that is, when analysing charts after the fact to find out, whether we are expanding or contracting (aka slipping past targets, following another step on pa's path and so on).
I've been away from ff to just that, dig through history... which is an eye-opening experiences very long neglected.

I learnt that the textbook fib-pulling method is plain wrong, leading you to assumptions that never become reality... so do it (pull the fib) the other way around.

Lots of work to do, and I am actually not even trading atm...
  • #1,403
  • Aug 23, 2011 11:05am Aug 23, 2011 11:05am
Quoting attila
We'll retrace here, and possible drop back to 90.. careful below 4420.
Yup same here thats why I said watch this level
  • #1,404
  • Aug 23, 2011 11:06am Aug 23, 2011 11:06am
Quoting ukdaytrader
5m TF has a small bearish ABC pattern in play, where C hasn't been formed yet. Am antisipating 4429 and 4442 to be areas of interest. If we break 42 convincingly, then bulls back in business imo.
Looks like 29 held. Will cancel my short ordrr @ 41.
I think we could see 13 again.
  • #1,405
  • Aug 23, 2011 11:08am Aug 23, 2011 11:08am
Quoting Mr Hatch
Damn, this thread is firing away. Well done.

The image makes quite clear, where the area of trouble is situated, and the explanation is one piece of common sense that is so very much derived from logic that it can be overlooked.
When you pull your fibs, choosing the very top and/or bottom doesn't necessarily mean that you have found it - often the buying/selling-pressure is not at the top/bottom, and that's where you want to pull your fibs from. that is, when analysing charts after the fact to find out, whether we are expanding or contracting...
Yes I had my own way of looking at fibos we can talk some day )
  • #1,406
  • Aug 23, 2011 11:10am Aug 23, 2011 11:10am
Quoting Mr Hatch
Damn, this thread is firing away. Well done.

The image makes quite clear, where the area of trouble is situated, and the explanation is one piece of common sense that is so very much derived from logic that it can be overlooked.
When you pull your fibs, choosing the very top and/or bottom doesn't necessarily mean that you have found it - often the buying/selling-pressure is not at the top/bottom, and that's where you want to pull your fibs from. that is, when analysing charts after the fact to find out, whether we are expanding or contracting (aka...

Fibs are very misunderstood and abused by retailers. They work and are great for entries, reversals and continuations, you just gotta know how to use them.

Good to see you doing work on them, you will love using them.
  • #1,407
  • Aug 23, 2011 11:13am Aug 23, 2011 11:13am
Quoting Mr Hatch
Damn, this thread is firing away. Well done.

The image makes quite clear, where the area of trouble is situated, and the explanation is one piece of common sense that is so very much derived from logic that it can be overlooked.
When you pull your fibs, choosing the very top and/or bottom doesn't necessarily mean that you have found it - often the buying/selling-pressure is not at the top/bottom, and that's where you want to pull your fibs from. that is, when analysing charts after the fact to find out, whether we are expanding or contracting (aka...
Well depends on how left you go on your chart thats the problem but I agree with you comments and Cloggie , the key is when to use them...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,408
  • Aug 23, 2011 11:13am Aug 23, 2011 11:13am
Quoting cloggie
Fibs are very misunderstood and abused by retailers. They work and are great for entries, reversals and continuations, you just gotta know how to use them.

Good to see you doing work on them, you will love using them.
their relevance for me has changed.....when they (major fibs) align with S/D / Pivots / I find its much more powerful
  • #1,409
  • Aug 23, 2011 11:13am Aug 23, 2011 11:13am
20 third time the charm... yey or nay? come on. up to 4450 down to 4390.
  • #1,410
  • Aug 23, 2011 11:14am Aug 23, 2011 11:14am
FYI, no disrespect to the girls in here but I have taken to calling us "the useless bastards" in the trash thread, just to do a bit of baiting. bastardess, just doesn't sound right.
  • #1,411
  • Aug 23, 2011 11:15am Aug 23, 2011 11:15am
Quoting needpips
their relevance for me has changed.....when they (major fibs) align with S/D / Pivots / I find its much more powerful

I will give you one more hint, sessions.
  • #1,412
  • Aug 23, 2011 11:15am Aug 23, 2011 11:15am
Quoting attila
20 third time the charm... yey or nay? come on. up to 4450 down to 4390.
I've got a floor and a ceiling in place now on the 5m. Lets see which way it will close.

4420 & 4430. It's not much, but, still valid.
  • #1,413
  • Aug 23, 2011 11:16am Aug 23, 2011 11:16am
Quoting cloggie
FYI, no disrespect to the girls in here but I have taken to calling us "the useless bastards" in the trash thread, just to do a bit of baiting. bastardess, just doesn't sound right.
LOL it 's fine with me )
  • #1,414
  • Aug 23, 2011 11:16am Aug 23, 2011 11:16am
Quoting cloggie
I will give you one more hint, sessions.
Now you make me work. LOL.
  • #1,415
  • Aug 23, 2011 11:18am Aug 23, 2011 11:18am
Dinner time over here, stops in place targeting 4460-ish, will trail once 30 up.


l8r
  • #1,416
  • Aug 23, 2011 11:19am Aug 23, 2011 11:19am
Quoting rattyo
looking at some new trades in a bit crew...

Freakin hilarious, it never fails.....



Good night y'all for now.
  • #1,417
  • Aug 23, 2011 11:20am Aug 23, 2011 11:20am
Quoting cloggie
Dinner time over here, stops in place targeting 4460-ish, will trail once 30 up.


l8r
On a 15 min I have 43-45
  • #1,418
  • Aug 23, 2011 11:20am Aug 23, 2011 11:20am
Quoting cloggie
Dinner time over here, stops in place targeting 4460-ish, will trail once 30 up.


l8r
Not convinced with your longs for much higher than 1.444x but bon appetit and GL, I will do the same in a few just waiting for H4 for a potential trigger or close the day...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,419
  • Aug 23, 2011 11:21am Aug 23, 2011 11:21am
Quoting cloggie
Freakin hilarious, it never fails.....



Good night y'all for now.
LOL ratts crew
  • #1,420
  • Aug 23, 2011 11:21am Aug 23, 2011 11:21am
Quoting attila
20 third time the charm... yey or nay? come on. up to 4450 down to 4390.
could...4450-60 area for sure the next battle ground
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