DislikedEU on your first question
tomorrow, slow day?? the friday after the profit taking day is typically wild. everyone who did not meet their budget on the 29th will snag everything then.Ignored
- #7,282
- Mar 2, 2012 8:04am Mar 2, 2012 8:04am
Looks ok to me except its labelled wrongly. TP1 should come before TP2I have tp 1 at 1.618 and tp 2 at 2.618 but how you have them is up to you.
PS:Still learning this....
- #7,283
- Mar 2, 2012 8:05am Mar 2, 2012 8:05am
Seabreeze,
Congratulations to you on your continued wins!!
You are building up a very good track record!!!!!!
Evaluator.:nerd:
All down to the help of Symphonie
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
- #7,285
- Mar 2, 2012 8:09am Mar 2, 2012 8:09am
- Joined Jan 2011 | Status: ,,,,, ....,,,,,, | 6,008 Posts
.... laughing all the way to the bank
- #7,287
- Mar 2, 2012 8:19am Mar 2, 2012 8:19am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
1,180,326 over 400 pages and over 7000 posts
Moving right along!!!!!
Since my last post about visititation this thread continues gains of 11%!!!
(see post #150 , post#658, post#1164, post #1508 , post #1751 , post #1987, post #2257, post #2551, post #2868, post #3103, post #3401, post #3499, post #3640, post #3725, post #3982, post #4208, post #4562, post #5141, post #5770, and post #6706 )
A big HUG and Kiss to everyone
...
Thank you for visiting this thread. It is my sincere hope you find it instructive and helpful to your trading.
PLEASE PLEASE please....keep it up with the comments, ideas, and teamwork.
Evaluator.
(please do not forget to rate)
P.S. Have a WONDERFUL trading week.
Moving right along!!!!!
Since my last post about visititation this thread continues gains of 11%!!!
(see post #150 , post#658, post#1164, post #1508 , post #1751 , post #1987, post #2257, post #2551, post #2868, post #3103, post #3401, post #3499, post #3640, post #3725, post #3982, post #4208, post #4562, post #5141, post #5770, and post #6706 )
A big HUG and Kiss to everyone
...Thank you for visiting this thread. It is my sincere hope you find it instructive and helpful to your trading.
PLEASE PLEASE please....keep it up with the comments, ideas, and teamwork.
Evaluator.
(please do not forget to rate)
P.S. Have a WONDERFUL trading week.
- #7,289
- Mar 2, 2012 8:27am Mar 2, 2012 8:27am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Yeah, Fibonacci and all. The theory surely had its place in the financial markets at a time when it was humans that made the buy and sell decision. These days, it's the algos that account for almost 55% of the turnover in the forex market and machines don't give a damn about market psychology and the Golden Ratio.
And I bet you that the ratios those computers use are based on the same ratios and fib points....Also, it really does not matter because you can calculate almost to the pip the past two years market movements and they tie perfectly to those very Elliot ratios and fib retracement levels.
But as I said before...your posts make me think you are a ''glass is half empty'' kinda guy.
Evaluator.:nerd:
- #7,290
- Mar 2, 2012 8:40am Mar 2, 2012 8:40am
And I bet you that the ratios those computers use are based on the same ratios and fib points....Also, it really does not matter because you can calculate almost to the pip the past two years market movements and they tie perfectly to those very Elliot ratios and fib retracement levels.
But as I said before...your posts make me think you are a ''glass is half empty'' kinda guy.
Evaluator.:nerd:
As they say fibonacci ratios are inbuilt in humans so why should human psychology that helps drive the markets be any different..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
- #7,293
- Mar 2, 2012 9:05am Mar 2, 2012 9:05am
And that's it for this week! Going to hit the shower and head for some Mongolian food I've been quarreling a lot with the indicators this week, but the few trades I've done have been winners so my expectations and impressions are good. Before I leave you all for the weekend I would describe some issues I've encountered and see if you have had similar occurences and maybe have a solution to them. Here goes:
Unfortunately I don't have a screenshot for this issue since it's hard to catch, but I'll try to describe it as good as I can. When getting a signal I've noticed that the Matrix will often repaint previous sentiment, emotion and trend bars, making it appear that a signal occured 4-5 bars earlier than it actually did. I still did enter on the signal, but this keeps me a little nervous, giving the impression of a late entry. I've noticed this on the 5m timeframe. Anybody with the same experience? I'll try to catch a screenshot of it at the first occasion. I'm experimenting with Yelena's entry method using the 1H and 5m timeframe and I haven't noticed it on the 1H yet.
Anyway, the system has proven to be good so far and I will indeed hone my skills with it during the coming week. See you all next week and congratulations to Yelena and the others for their great successes so far!
I've been quarreling a lot with the indicators this week, but the few trades I've done have been winners so my expectations and impressions are good. Before I leave you all for the weekend I would describe some issues I've encountered and see if you have had similar occurences and maybe have a solution to them. Here goes:Unfortunately I don't have a screenshot for this issue since it's hard to catch, but I'll try to describe it as good as I can. When getting a signal I've noticed that the Matrix will often repaint previous sentiment, emotion and trend bars, making it appear that a signal occured 4-5 bars earlier than it actually did. I still did enter on the signal, but this keeps me a little nervous, giving the impression of a late entry. I've noticed this on the 5m timeframe. Anybody with the same experience? I'll try to catch a screenshot of it at the first occasion. I'm experimenting with Yelena's entry method using the 1H and 5m timeframe and I haven't noticed it on the 1H yet.
Anyway, the system has proven to be good so far and I will indeed hone my skills with it during the coming week. See you all next week and congratulations to Yelena and the others for their great successes so far!
- #7,294
- Mar 2, 2012 9:11am Mar 2, 2012 9:11am
And that's it for this week! Going to hit the shower and head for some Mongolian food
Unfortunately I don't have a screenshot for this issue since it's hard to catch, but I'll try to describe it as good as I can. When getting...
It seems to be more a problem when counter trading
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
And I bet you that the ratios those computers use are based on the same ratios and fib points....Also, it really does not matter because you can calculate almost to the pip the past two years market movements and they tie perfectly to those very Elliot ratios and fib retracement levels.
But as I said before...your posts make me think you are a ''glass is half empty'' kinda guy.
Evaluator.:nerd:
i found out very interesting that the reversals and turnarounds did not respect fibonacci ratios.
the most ratios for this points are at 33%, 50%, 66% for retraces and 125%, 133%, 150% 166% and 200% for extensions. i think this is because the big financials did not buy on 61.8% values for example.
they prefer like round numbers 00 and the ratios of it 50, 33, 66 and so on.
i put two pictures where you see a distribution of retraces and extensions as a flat graph and as a X-Y Head map. interesting is the pattern there.
i do not want to blame the fibonacci stuff, but a question: if you draw random trendlines in your chart. do you think PA happens at the point where they meet the market or is it really a self-prophecy stuff goin on? and i'm not a half-lifer
i've noticed that this patterns exist in every TF and every currency market
Mediator
P.S.: Sorry for offtopic
- #7,297
- Mar 2, 2012 9:31am Mar 2, 2012 9:31am
Ok. Yeah, I've started to experiment with Yelena's method so which is a trend following technique so we will see next week how it goes. What do you mean by taking trade in the major trend though? Do you mean like Yelena does or something else?
Ive only been taking trades this week if all the bars on the Heiken Ashi matrix, thats 5m,15m,30m, and H1 are all confirming the same direction as the Symphonie matrix and if RJ's arrow confirms the same direction on the H1 chart then that makes me even more confident..
Early days yet time will tell
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
- #7,299
- Mar 2, 2012 9:54am Mar 2, 2012 9:54am
Yes mine is very simular to yelena...
Ive only been taking trades this week if all the bars on the Heiken Ashi matrix, thats 5m,15m,30m, and H1 are all confirming the same direction as the Symphonie matrix and if RJ's arrow confirms the same direction on the H1 chart then that makes me even more confident..
Early days yet time will tell