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  • #8,221
  • Aug 29, 2012 11:33pm Aug 29, 2012 11:33pm
Quoting Pair-me-up
How much farther down the hill will the bear go in your view. The markets never go up or down forever, so what is your forcast for when your sleeping bull will wake up?
If I could forecast how much further down the hill the Bear will go, I wouldn't be here. If you look at everybody's posts in our forum, you may get some clues. I know the bear is getting exhausted but cannot tell when he is going to give up.
daddybearforex. com
  • #8,222
  • Aug 29, 2012 11:48pm Aug 29, 2012 11:48pm
Quoting irfandbl
yup, funny and weird isn't it?

actually it's not 70 stoch, it's the highest value of stochastic above 70 that I use for point 0

if it's aiming north than it's the lowest value of stochastic bellow level 30 that I use for point 0
Funny, weird and above all, such an interesting approach.
Thank you very much indeed for the new fibstool that goes straight into my toolbox

Attached Image
  • #8,223
  • Aug 30, 2012 12:17am Aug 30, 2012 12:17am
wakeup alarm
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  • #8,224
  • Aug 30, 2012 12:29am Aug 30, 2012 12:29am
Quoting Robot Trader
Did you make up this system yourself?

I tend to take the low or high and then wait for a correction and see if that lines up with the 23.6 or 38.2 and then take it from there.
someone taught me the basic system similar to "red trader" stochastic system, but I developed it to get the targets,
the corrections for my system usually are 50% to 70% opposite targets of the two lower TFs, so for example when H1 is pointing down, wait for M15 and M30 achieved their 50 to 70% up targets and then sell

Quoting nbhaya
Interesting - you obviously have bagged many a pips to continue using it. Thanks for the education and sharing.
not really buddy, I tend to make mistakes by not patiently enough waiting for the correction and I sometimes don't pay attention to bigger time frames that often drag me to the wrong direction

Quoting doblece
Funny, weird and above all, such an interesting approach.
Thank you very much indeed for the new fibstool that goes straight into my toolbox

Attachment
you're welcome Ma'am, it's an honor to get the tool into your toolbox, it still needs more "tweaking" to be better though
  • #8,225
  • Aug 30, 2012 12:30am Aug 30, 2012 12:30am
Quoting irfandbl
yup, funny and weird isn't it?

actually it's not 70 stoch, it's the highest value of stochastic above 70 that I use for point 0

if it's aiming north than it's the lowest value of stochastic bellow level 30 that I use for point 0

Hmmm .... like your crystal ball.

It seem like need to put Stoch on a higher timeframe like H1/H4 rather than M15.

How do you Enter?
Near the 0% Fib OR After the 50% fib ?

Are you setting an initial Target as soon as you enter, or need to wait for Stoch to go through 50, then set the Target ??
  • #8,226
  • Aug 30, 2012 12:42am Aug 30, 2012 12:42am
Quoting doblece
Funny, weird and above all, such an interesting approach.
Thank you very much indeed for the new fibstool that goes straight into my toolbox

Attachment
Dobbie, your cartoon is so colorful and so Bullear!
daddybearforex. com
  • #8,227
  • Aug 30, 2012 12:45am Aug 30, 2012 12:45am
Quoting irfandbl
someone taught me the basic system similar to "red trader" stochastic system, but I developed it to get the targets,
the corrections for my system usually are 50% to 70% opposite targets of the two lower TFs, so for example when H1 is pointing down, wait for M15 and M30 achieved their 50 to 70% up targets and then sell



not really buddy, I tend to make mistakes by not patiently enough waiting for the correction and I sometimes don't pay attention to bigger time frames that often drag me to the wrong direction



you're welcome...
I am not the sharpest tool in the box so I am a little slow at understanding things, but normally once I get them in my brain box they stay there.

So I wonder if I could please trouble you for a set of rules and some charts explaining how you trade your strategy. I really like learning new things and from what I understand so for is you establish 0 & 50 and from these levels if PA corrects further you have 23.6 & 38.2 TP targets to aim for, or if PA bounces off 50 you have 61.8 & 100 to aim for. Please correct me if I am wrong.
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,228
  • Aug 30, 2012 12:54am Aug 30, 2012 12:54am
Quoting tunera
wakeup alarm
Why do you have this Bull sleeping on a narrow and hard table? Animal abuse?

http://www.forexfactory.com/attachme...1&d=1346303860
daddybearforex. com
  • #8,229
  • Aug 30, 2012 1:02am Aug 30, 2012 1:02am
Quoting foxybunny
Hmmm .... like your crystal ball.

It seem like need to put Stoch on a higher timeframe like H1/H4 rather than M15.

How do you Enter?
Near the 0% Fib OR After the 50% fib ?

Are you setting an initial Target as soon as you enter, or need to wait for Stoch to go through 50, then set the Target ??
it depends, most of the times I enter by the time it went through 50 and targets are visible and chase the target after a correction, but sometimes I go the opposite by the time targets of several TFs have been achieved, for example 1.0320 is a target for H4 and D1, so in my opinion it's safe to go long for a scalp especially because it's 100% target of H4.

Quoting Robot Trader
I am not the sharpest tool in the box so I am a little slow at understanding things, but normally once I get them in my brain box they stay there.

So I wonder if I could please trouble you for a set of rules and some charts explaining how you trade your strategy. I really like learning new things and from what I understand so for is you establish 0 & 50 and from these levels if PA corrects further you have 23.6 & 38.2 TP targets to aim for, or if PA bounces off 50 you have 61.8 & 100 to aim for. Please correct me if I am wrong.
sorry, English isn't my main language, so maybe I didn't get you question right, but let me try to explain anyway..
for example H1 has crossed 50 from above (going down), than have a look at M15 and M30, usually they will be pointing up, then wait until they reach their 50 to 70% up target(s) then sell
it goes the same when H1 has crossed 70 from above (going down) too

so how far corrections are to be made are projected by two lower timeframes

did I get your question right?
  • #8,230
  • Aug 30, 2012 1:36am Aug 30, 2012 1:36am
Quoting irfandbl
it depends, most of the times I enter by the time it went through 50 and targets are visible and chase the target after a correction, but sometimes I go the opposite by the time targets of several TFs have been achieved, for example 1.0320 is a target for H4 and D1, so in my opinion it's safe to go long for a scalp especially because it's 100% target of H4.



sorry, English isn't my main language, so maybe I didn't get you question right, but let me try to explain anyway..
for example H1 has crossed 50 from above (going down), than have a...
I think I now understand your entry trigger, but I was more interested in how you may find the 0 & 50 level and once these are established how you use them to predict TP levels based on known Fib levels.

I have tried to use what I think is your system on the 15M chart and based on the 0 & 50 level PA seemed to respect 61.8 before retracing to 23.6 and then it rallied to 100 and paused a while before moving up to 161.8.

Now that could be just a lucky start, but your system seemed to find the levels, so have I done it correctly?
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Some people say I'm lucky, but the more I practice the luckier I get
  • #8,231
  • Aug 30, 2012 1:39am Aug 30, 2012 1:39am
Quoting DaddyBear
The Bear saw the Bull working in a big hole ..........

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
My master,

This is bull trap or bear trap....
  • #8,232
  • Aug 30, 2012 1:41am Aug 30, 2012 1:41am
Quoting DaddyBear
If I could forecast how much further down the hill the Bear will go, I wouldn't be here. If you look at everybody's posts in our forum, you may get some clues. I know the bear is getting exhausted but cannot tell when he is going to give up.
WHAAT?
u mean u lost ur vision, Columbus??

Quoting DaddyBear
Some people once questioned me why Columbus has anything to do with the Forex trading. Bad question at best. Based on my experience, those people did not have visions at all. Vision is the most important component in trading the Forex market.

Vision sets the right direction and the right direction brings the traders to the green pips. Some people always say following the trend. Without vision, how a trader see the trend, and more importantly, see the beginning and the end of a trend?
  • #8,233
  • Aug 30, 2012 1:46am Aug 30, 2012 1:46am
Quoting bouble
My master,

This is bull trap or bear trap....
The Bull wouldn't build a trap for himself. He is as smart as he can be.
daddybearforex. com
  • #8,234
  • Aug 30, 2012 1:49am Aug 30, 2012 1:49am
Quoting DaddyBear
The Bull wouldn't build a trap for himself. He is as smart as he can be.
Maybe the bull, he forget stair, because in your cartoon has not stair.
  • #8,235
  • Aug 30, 2012 1:50am Aug 30, 2012 1:50am
Quoting bouble
Maybe the bull, he forget stair, because in your cartoon has not stair.
When he finish, please give stair to him.
  • #8,236
  • Aug 30, 2012 1:50am Aug 30, 2012 1:50am
Quoting pqt
WHAAT?
u mean u lost ur vision, Columbus??
I did not lose my vision. My vision is for the bigger TFs directions. You were asking a timing issue not a vision.
daddybearforex. com
  • #8,237
  • Aug 30, 2012 1:53am Aug 30, 2012 1:53am
Quoting bouble
Maybe the bull, he forget stair, because in your cartoon has not stair.
He has an invisible ladder.
daddybearforex. com
  • #8,238
  • Aug 30, 2012 1:53am Aug 30, 2012 1:53am
Quoting DaddyBear
I did not lose my vision. My vision is for the bigger TFs directions. You were asking a timing issue not a vision.
Ok, Thank you very much.
  • #8,239
  • Aug 30, 2012 1:55am Aug 30, 2012 1:55am
Quoting DaddyBear
I did not lose my vision. My vision is for the bigger TFs directions. You were asking a timing issue not a vision.
How long for his job?
  • #8,240
  • Aug 30, 2012 1:55am Aug 30, 2012 1:55am
Quoting Robot Trader
I am not the sharpest tool in the box so I am a little slow at understanding things, but normally once I get them in my brain box they stay there.

So I wonder if I could please trouble you for a set of rules and some charts explaining how you trade your strategy. I really like learning new things and from what I understand so for is you establish 0 & 50 and from these levels if PA corrects further you have 23.6 & 38.2 TP targets to aim for, or if PA bounces off 50 you have 61.8 & 100 to aim for. Please correct me if I am wrong.
after reading your message for a couple of times I think I finally get it now.
that's true, if price bounces by the time it gets to 50, then 23.6 & 38.2 is to aim for, usually 23.6 and 38.2 is the same points with 50 - 70 of two lower time frames (opposite direction).
but the case we had yesterday on AUD H4 is,
H4 was pointing down..it had reached 50 fib
0 FIB = 1.0387 and 50 FIB = 1.0353, by the time it reaches 50 FIB, the price bounces up more than 0 fib (1.0387), it bounces to 1.0397, that means it went more than 0 FIB of H4 for a correction. Because that's where M30 and H1 is aiming for (70 and 50 respectively).
So sometimes it doesn't have to be 23.6 or 38.6 of the main TF, it all depends on the two lower timeframes to define how much of a correction we're going to have

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