Aussie Trading Room and Cartoons Gallery

Quoting DaddyBear

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He has an invisible ladder.

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Quoting DaddyBear

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Why do you have this Bull sleeping on a narrow and hard table? Animal abuse?

http://www.forexfactory.com/attachme...1&d=1346303860

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Quoting irfandbl

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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....

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Quoting DaddyBear

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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.

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Quoting tunera

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such a good question, maybe he's an hostage in the bear's house

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Quoting irfandbl

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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....

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Quoting bouble

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Maybe the bull, he forget stair, because in your cartoon has not stair.

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Quoting DaddyBear

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Let DB show the blank space to the right of the cartoon.

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Quoting Pair-me-up

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So if you are not big into technical analysis to calculate a probable distance and you are not into fundamentals, how do you decide when to pull the trigger? Luck corn on your foot starts giving twitching pain like when godzilla is coming? LOL just kidding.
But really, how do you decide to pull the trigger?

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Quoting Robot Trader

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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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Quoting Pair-me-up

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So if you are not big into technical analysis to calculate a probable distance and you are not into fundamentals, how do you decide when to pull the trigger? Luck corn on your foot starts giving twitching pain like when godzilla is coming? LOL just kidding.
But really, how do you decide to pull the trigger?

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Quoting Robot Trader

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Thank you very much for your time and explanations I think I understand this part now

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Quoting bouble

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In weekly , I think , it will have oversold ,price will down about 50% fibo.

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Quoting pqt

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Nooo...u don't mean...the emperor...I mean Columbus...has no clothes..?

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Quoting irfandbl

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I have edited your chart if you don't mind

Attachment

to find the 0 FIB, it's not the lowest candle that we should consider, but it's the candle that is vertically aligned with the stoch line that has the lowest value, you can hover your mouse over the selected stochastic line to find out which one has the lowest value, just like this screenshot bellow and that goes the same in order to find which one that has crossed level 50 stoch (hover on the stoch line and find the one that is vertically aligned with it)

Attachment ...

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Quoting irfandbl

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You're very much welcome my friend



how further down is 50% fibo?

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Quoting Robot Trader

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Thanks, I guess with the 50 point being found after 0, that you had the time and opportunity to adjust the 0 to the lowest candle (like what you would do when using the Fib tool in a more traditional method) but if your rules are to ignore any lower candles and just use the candle which is directly above the lowest point on the Stoch's then that is what I will do. Again thank you for your time.

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Quoting DaddyBear

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My custom system gives signals. It indicates the end of trends in different TFs.

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Quoting bouble

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Half of 0.957 and 1.061

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Quoting bouble

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Do you like Thailand?

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Quoting irfandbl

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1.0095? Could be

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