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  • #618,601
  • Mar 31, 2012 3:32am Mar 31, 2012 3:32am
Quoting micho
he said yes and i will say no. everything linear is useless. indicators and Fibonacci with price action/candle pattern are key
Nothing is useless, as long as it tells you something. Candle patterns higher than one hour are all different because of the timezone broker uses. Everybody is focused on price action, because most people stares at those candle trying to guess where the price is moving, and later, seeing there is something called PA, they happily accept it as their system. Laziness and years of watching naked candles drive people to PA...
charting the euro...
  • #618,602
  • Mar 31, 2012 4:17am Mar 31, 2012 4:17am
Quoting Halifax
Review of prediction = looking like a fool
have you ever read a book called "Trading from your Gut" - Curtis Faith
  • #618,603
  • Mar 31, 2012 5:16am Mar 31, 2012 5:16am
I am going to launch again the daily technical analysis of Eur/USD again over my website http://www.forexshell.com very soon
  • #618,604
  • Edited 5:46am Mar 31, 2012 5:17am | Edited 5:46am
Quoting pkimnyc
Fibs... Which one is price going to respect? 78?, 61?, 50?, 38? Oh... Forgot one... 88.
You never know. To make the use of Fibs very easy: I use only one level and that's 50%. Most of the lime it gets more but 50% is a thing that I kinda count on.(Taken from the Jacko threads long time ago.)
Works almost always
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,605
  • Mar 31, 2012 5:22am Mar 31, 2012 5:22am
Wow, yesterday was a horrible day for me. The price was very unpredictable for me, so I decided to stay out of it after watching this for a time.

Why was this btw? Was this because of the Bailout and Strike news?

Anyway through this unpredictable market I have managed to find a way of determining more steady entry and exit points. If this should happen again I should be fine through a very nasty economic thunderstorm.

Hope you guys made some Greens

-=Edit=- And yes, I prefer Day Trading
  • #618,606
  • Mar 31, 2012 5:30am Mar 31, 2012 5:30am
Quoting KillerWhale
You never know. To make the use of Fibs very easy: I use only one level and that's 50%. Most of the lime it gets more but 50% is a thing that I kinda count on.(Taken from the Jacko threads long time ago.
Works almost always
KillerWhale,

what do you think about EUR/USD on starting monday?

sincerely..
  • #618,607
  • Mar 31, 2012 5:40am Mar 31, 2012 5:40am
what if there is a break of 23.6fib level, is it possible that price everytime moves to 38,2, 50,0 or even 61.8 fib level, the thing i want to ask is, if price breaks 23.6fib that means it will go to the next level 100%?

Sory about my english, hope you understand

edit: is it wise to use fib on daily moves (15min chart) is it reliably?
  • #618,608
  • Mar 31, 2012 5:48am Mar 31, 2012 5:48am
Quoting fxsr
what if there is a break of 23.6fib level, is it possible that price everytime moves to 38,2, 50,0 or even 61.8 fib level, the thing i want to ask is, if price breaks 23.6fib that means it will go to the next level 100%?

Sory about my english, hope you understand

edit: is it wise to use fib on daily moves (15min chart) is it reliably?
There are no promises in fx
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,609
  • Mar 31, 2012 5:50am Mar 31, 2012 5:50am
Quoting KillerWhale
There are no promises in fx
thanks killer, i was expecting something like that, what do you think about second question?
  • #618,610
  • Mar 31, 2012 6:02am Mar 31, 2012 6:02am
23.1 or 76.8 r usually end of trend or retrace indis like gold hit 50 then 76 on thurs so any rally can b sold
  • #618,611
  • Mar 31, 2012 6:04am Mar 31, 2012 6:04am
Quoting Tobinguyen
you have any document that said about Price action ?
hey, PA's most important aspect are candle patterns.

start here http://www.babypips.com/school/basic...-patterns.html

and then do the rest of your school here http://www.babypips.com/school/

dont read to waste time, read to understand the basics... its fun and it will make things more advanced things easier to understand step by step
When life gives you lemons, make lemonade
  • #618,612
  • Mar 31, 2012 6:06am Mar 31, 2012 6:06am
I'm looking at the 10 year EUR/USD chart. The thing moves in really nice waves. Have you guys tried trading the pair not only intraday but also taken 1-2 year positions based on long-term trends?

I mean even martingale could work this way. If you'd shorted any spikes after the downturn from 2008 you could have made a nice profits. Thanks.
  • #618,613
  • Mar 31, 2012 6:08am Mar 31, 2012 6:08am
Quoting pkimnyc
now, here's a shocker.
i dont use retracements. some of them are more significant than others but in general they will leave you to guess.. i use fibonacci for a more important role: targets
When life gives you lemons, make lemonade
  • #618,614
  • Mar 31, 2012 6:11am Mar 31, 2012 6:11am
Quoting mohan76
why the confused face?
When life gives you lemons, make lemonade
  • #618,615
  • Mar 31, 2012 6:15am Mar 31, 2012 6:15am
Quoting KillerWhale
You never know. To make the use of Fibs very easy: I use only one level and that's 50%. Most of the lime it gets more but 50% is a thing that I kinda count on.(Taken from the Jacko threads long time ago.)
Works almost always
Fibs also work well for overlapping levels, when applying it for different moves
charting the euro...
  • #618,616
  • Mar 31, 2012 6:20am Mar 31, 2012 6:20am
Quoting KillerWhale
You never know. To make the use of Fibs very easy: I use only one level and that's 50%. Most of the lime it gets more but 50% is a thing that I kinda count on.(Taken from the Jacko threads long time ago.)
Works almost always
Winner
  • #618,617
  • Mar 31, 2012 6:21am Mar 31, 2012 6:21am
Quoting pkimnyc
Winner
  • #618,618
  • Mar 31, 2012 6:22am Mar 31, 2012 6:22am
Quoting Kowalczyk
I will close it in several minutes.
Winner
  • #618,619
  • Mar 31, 2012 6:23am Mar 31, 2012 6:23am
Quoting TraderBoyFF
You've got some really good consistency, and even better discipline.

Winner
  • #618,620
  • Mar 31, 2012 6:24am Mar 31, 2012 6:24am
Quoting gsbotes
Lol dude , since your from Jamaica you should rather use this vid
http://www.youtube.com/watch?v=yCHxvkqhkpg

thought id come back for a sec to see what the market is doin....
Winner
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