Lets see if his makes the low.
Free trade.
Free trade.
Keep smiling 
Indicator Free Trading - Skunny
- #7,962
- Feb 8, 2012 6:32am Feb 8, 2012 6:32am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling
- #7,964
- Feb 8, 2012 11:48am Feb 8, 2012 11:48am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
NEED OPINION GUYS.....................
K.I.S.S.
- #7,965
- Feb 8, 2012 12:40pm Feb 8, 2012 12:40pm
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling
- #7,966
- Feb 8, 2012 12:43pm Feb 8, 2012 12:43pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
whether going up or down it will hit meaningful point. And bla bla bla....
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597………
Dividing a Fibonacci number by its immediate predecessor yields an approximation of the Golden Ratio (roughly 1.6180327868852). The higher the Fibonacci number, the closer the approximation to the Golden Ratio becomes. The sequence is named for medieval mathematician Leonardo of Pisa, commonly known as Fibonacci, who was responsible for introducing the Hindu-Arabic numeral system we currently use to Europe. Prior to Fibonacci, Roman numerals held sway.
In terms of trading, Fibonacci explained in detail requires simply an understanding of retracements back to where price started, and how far it will go (50%, 61.8% etc…) As well as extensions, how far beyond a 100% retracement will price go. (161.8%, 261.8% etc…)
Fibonacci’s namesake sequence stems from his solution to the problem of modeling the growth of rabbit populations under ideal conditions, although it has since been used in many other contexts. Today Fibonacci numbers are used extensively in the study of mathematics, computer science and biology. The Golden Ratio shows up music, art and architecture and is often used as a guide for creating visually pleasing proportions.
Perhaps because it is relatively easy to understand, the Fibonacci sequence is also frequently referenced in pop culture. For example, it makes a prominent appearance in The DaVinci Code as the password that opens the codex.
In finance or more specifically forex in our case LOL Fibonacci numbers, or more precisely the Golden Ratio, form the basis of a popular method of technical analysis. The idea is that in the aftermath of a significant price movement, subsequent levels of support and resistance will form around ‘Fibonacci Significant’ numbers, usually 38.2%, 50% and 61.8%, which are percentages of the total price drop or gain. After a large price movement, technical traders pay particular attention to these retracement levels. For example, if the price of a currency pair has recently shot up, a technical trader might sell until the price declined to the 38.2% level and begin buying when it reached the 61.8% level.
Conversely, after a big decline, the same trader might buy until the price recovered to the 38.2% level and begin selling as the price approached the 61.8% level.
Fibonacci Extensions are, appropriately enough, an extension of the same idea. Technical traders have observed that after a period of retracement, the price often resume moving in accordance with their original trend.
Extending the Fibonacci analysis allows technical traders to predict the next turning point. Fibonacci Extension levels are calculated based on the original price movement.
Having observed a major price movement, a technical trader might begin buying when the price had subsequently declined to the 61.8% level, then hold their position until the price approached the 61.8% extension level, at which point it would be time to sell in anticipation of a new retracement. Extensions are applied in a similar manner for price declines, with the expectation being that after a retracement, There is not any strictly rational reason that I can find why prices should behave as Fibonacci analysis predicts. However, it would be a mistake to dismiss Fibonacci methods as useless superstition. The fact is that there are many active share traders who use Fibonacci retracements and extensions to guide their trading strategy.
If enough traders use and act on Fibonacci analysis, the method will work, regardless of whether or not it has any rational basis. (Even though it does) In the short term at least, even ill founded theories can move markets. Regardless of whether or not Fibonacci explained in any way will influences the market, the use of this analysis by many traders leads to an overall self-fulfilling prophecy in price levels.
Phenomena like this are not uncommon in markets, and in fact, market psychology is a major focus of study in the field of Behavioral Economics.
In essence, while Fibonacci retracements and extensions may or may not have any real basis from a strict financial analysis perspective, they are a useful tool for predicting the behavior of many traders operating in the market.
For this reason, Fibonacci analysis can be an effective part of an overall trading strategy. It certainly is a part of mine brother!
The key is to develop an understanding of how other traders are applying Fibonacci analysis or just read this thread (especially the Skunny posts) and work your backside off attempting to find something that works for you. This in turn improves the odds that Fibonacci analysis will be effective in predicting the future movements of price for you.. Applied with a thorough understanding of how and where other traders are using it, Fibonacci retracements and extensions can be solid tool in increasing traders odds and even scary "to da pip" accuracy. Best of luck to you.
K.I.S.S.
- #7,967
- Feb 8, 2012 12:59pm Feb 8, 2012 12:59pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
HE HE.....
Do you trade this stuff or are you just learning/observing?
K.I.S.S.
- #7,970
- Feb 8, 2012 1:15pm Feb 8, 2012 1:15pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
HERE WE GO
This is a long journey for people like me. I am a slow learner. Learn some amazing information I did though. I have seen many give up.
If you know what you are doing then that is awesome. For all I know, you have all the answers and that is great.
K.I.S.S.
- #7,971
- Feb 8, 2012 1:16pm Feb 8, 2012 1:16pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
and trying hard..
My friend with $300 initial investment and mad $150.000 in 3 days
it did mean something to me
K.I.S.S.
- #7,972
- Feb 8, 2012 2:03pm Feb 8, 2012 2:03pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
2 year part time and 2 year full time so far . I am working as prep trader part time and part time home base trader.
Sorry for little language barrier .and, thank you for understanding of your hospitality for people who use English as second language
I was little better in writing when i was in college . oh well , it is been 20 years....
I see. If you keep studying fibs, you will see things that will inspire you to learn more.
This thread has evolved into more of a social gathering spot in my estimation. The information that you need to know is earlier on. Once people learn this stuff, they are not very eager to share it with anyone. This is because it takes a lot of work and it is very effective once you see it.
Also, "it" is likely different for different people. I have my "it" and I got it with much effort and faith. Read through the posts here and you will see many who don't believe that there is a way to trade with a high percentage of winners. I'm talking 90% and better.
If you believe in yourself and have faith that there is a better way, you have found the right thread.
I mean this in the most repectful way possible sir, if you are learning this stuff then if I were you, I'd post less on this end of the thread and read more on the other end of the thread. If you have a methodology that works for you and you'd like to share, then by all means do so. You will find many who lurk here are still looking for answers.
K.I.S.S.
- #7,973
- Feb 8, 2012 2:37pm Feb 8, 2012 2:37pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
I see. you will see with much effort and faith.
If you believe in yourself and have faith that there is a better way, you have found the right thread.
I mean this in the most repectful way possible
K.I.S.S.
Thanks Kissfor you
another Kiss >>>> Inserted Video
lol enjoy!
- #7,974
- Feb 8, 2012 2:51pm Feb 8, 2012 2:51pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
K.I.S.S.
- #7,975
- Feb 8, 2012 2:58pm Feb 8, 2012 2:58pm
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling
- #7,976
- Feb 8, 2012 3:15pm Feb 8, 2012 3:15pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
dagoods responds lovingly from the heart
you should know better than to ask ME. Respectfully. I am lowest ranking. truly. I am nobody.
Of course, I, personally, do miss Skunny's spankings.
thanks
you should know better than to ask ME. Respectfully. I am lowest ranking. truly. I am nobody.
Of course, I, personally, do miss Skunny's spankings.
thanks - #7,977
- Feb 8, 2012 3:29pm Feb 8, 2012 3:29pm
- Joined Jul 2009 | Status: symbol | 1,549 Posts
dagoods responds lovingly from the heart
you should know better than to ask ME. Respectfully. I am lowest ranking. truly. I am nobody.
Of course, I, personally, do miss Skunny's spankings.
I did enjoy your spankings lol. Sh1t that sounds bad
Keep smiling
- #7,979
- Feb 8, 2012 4:30pm Feb 8, 2012 4:30pm
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling