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  • #9,321
  • Sep 9, 2012 9:28pm Sep 9, 2012 9:28pm
Quoting doblece
Example: my 20,3,3 is now at 55.xx - targeting 1.0577 as 100%
Do I have to wait until today's close (thus adjusting the fib on NEXT candle) or can it be done "on the go" ?
you have to wait until today's close,
unless the Friday 20,3,3 is above 50 already (if this is the case, you should be using Friday's high for 50 level fib instead)
we need to wait until today's close because we need today's high in order to be placed on the fib 50, are we sure we have achieved today's high?
and also if the price suddenly drops to some certain points today, it may drag today's 20,3,3 stoch line to bellow 50

Quote
What a mess, lol (j/k --- it's amazing! even with a buffer...)
I have also noticed that the candle aligned with the stoch cross is often a doji (checked about 7 pairs over the w/e).

I know Mama, it's a total mess.
Sometimes I think why bother doing such calculations thus give us results of more than 2 probabilities.
While the real common probabilities are only 2
Probability 1 : UP
Probability 2 : DOWN

  • #9,322
  • Sep 9, 2012 9:30pm Sep 9, 2012 9:30pm
Quoting irfandbl
Hi RT, may I know what do you mean by 1st and 2nd candle? Do you mean 1st candle as in the one on 0 level fib and 2nd as the one on 50 level fib?
No, 0 fib = to vertical candle of the highest or lowest point of 70/30 level, am I correct?

So first candle would = 50 fib level if Stoch above or below 50 level (depending on short/long signal) when hovering mouse.

But if first candle close and reading of Stoch line not broken 50 level (when hovering mouse) then we must wait for second candle close and a break of the 50 level of Stoch (when hovering mouse) am I correct?
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,323
  • Sep 9, 2012 9:36pm Sep 9, 2012 9:36pm
Quoting Robot Trader
No, 0 fib = to vertical candle of the highest or lowest point of 70/30 level, am I correct?
0 fib = high/low price of the vertically aligned candle with the highest/lowest value of stochastic line bellow/above level 30/70. If that's what you mean, then yes you're absolutely correct

Quote
So first candle would = 50 fib level if Stoch above or below 50 level (depending on short/long signal) when hovering mouse.

But if first candle close and reading of Stoch line not broken 50 level (when hovering mouse) then we must wait for second candle close and a break of the 50 level of Stoch (when hovering mouse) am I correct?

correct
  • #9,324
  • Sep 9, 2012 9:39pm Sep 9, 2012 9:39pm
Quoting doblece
I have named the stochs 20,3,3 - 14,3,3 and 5,3,3 mainly because those are which I use. However there is no stoch formula on the sheet. The FibStool columns will work with any of the three inputs at the top, so you may use whichever stochastic you want.

Row 1 of 3 outputs go to the first FS fibs column, 2/3 to 2nd, 3/3 to 3rd.
That is, C3, C5 and C7 cells to input the High or Low (prices at the high or low stoch peak) and H3, H5 and H7 cells to input the high or low price of the candle when stoch has crossed level 50 either upwards or downwards....
Thanks for your explanation
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,325
  • Sep 9, 2012 9:42pm Sep 9, 2012 9:42pm
Quoting irfandbl
0 fib = high/low price of the vertically aligned candle with the highest/lowest value of stochastic line bellow/above level 30/70. If that's what you mean, then yes you're absolutely correct



correct
Great where all on the same page then
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,326
  • Sep 9, 2012 10:35pm Sep 9, 2012 10:35pm
Quoting gnomoneey
sorry went running after i posted...

in my h4 chart the orange trend line is down trend
it will turn grey when its uptrend and it hasnt done it yet

also the other two trend lines are way below and moving upward..it is currently trying to go towards the orange and if it crosses then we are in about 20% or so of the uptrend. until then i dont consider it yet. yes when price hit 1.0166 and bounced that could be the start of the uptrend.

having the price below orange means we are either retracing or consolidating. at anytime it tries to touch...
I know you've got a good system and quite a few good reasons to support your views. To the contrary, I only have one vision. Last Friday was a Déjà vu of what happened on June 1. The difference is this coming Bull is bigger and more Vibrant than its counterpart.


http://www.forexfactory.com/attachme...1&d=1346952137
daddybearforex. com
  • #9,327
  • Sep 9, 2012 10:49pm Sep 9, 2012 10:49pm
Quoting Davit
I would be cautious bad data from China and it could be back to Bear country.
Also I think your fib and stoch red lines don't match.I could be wrong but market went up lot more then what you have drawn.Your beginning candle seems wrong one.
Hi Davit, I haven't seen your messages for quite a while. How is everything? Have you been busy painting new nude girls?
daddybearforex. com
  • #9,328
  • Sep 9, 2012 11:19pm Sep 9, 2012 11:19pm
Quoting Robot Trader
Great where all on the same page then
... until someone gets the next top ...
  • #9,329
  • Sep 9, 2012 11:41pm Sep 9, 2012 11:41pm
1.0545

Are we ready?

  • #9,330
  • Sep 9, 2012 11:49pm Sep 9, 2012 11:49pm
Hi, can any one please guide me hw the market is today for AUSUSD, i am stuck in couple of sell trade, is there any chance to go down further 1.0354
  • #9,331
  • Sep 9, 2012 11:53pm Sep 9, 2012 11:53pm
Quoting tunera
1.0545

Are we ready?

No not yet, I am expecting a move below 1.03 maybe 1.025, before any up move

Now we are on different pages, but I'm on top
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,332
  • Sep 9, 2012 11:58pm Sep 9, 2012 11:58pm
Quoting Robot Trader
No not yet
i was meaning, 1.0612 are we ready?

joking apart, i hope anybody is trading safely, the market is starting to reveal its real face.
Watch, just watch! Is it a bear with a bull mask, or a bull with a bear mask?
Whatever it is, it is starting to leave off the mask, the time is coming soon!
  • #9,333
  • Sep 9, 2012 11:59pm Sep 9, 2012 11:59pm
Quoting Robot Trader
No not yet, I am expecting a move below 1.03 maybe 1.025, before any up move

Now we are on different pages, but I'm on top


... joining ...
  • #9,334
  • Sep 10, 2012 12:15am Sep 10, 2012 12:15am
Quoting tunera
1.0545

Are we ready?

Let's go!
daddybearforex. com
  • #9,335
  • Sep 10, 2012 12:17am Sep 10, 2012 12:17am
Quoting DaddyBear
Let's go!
its time to buy or sell,
  • #9,336
  • Sep 10, 2012 12:19am Sep 10, 2012 12:19am
Quoting irfandbl
But in short term prediction my guess is

down to
1.0353 (1.0357 touched, maybe the first down was done)
1.0347
1.0336

and then up to
1.0411
1.0420
1.0435
1.0451

and down again to
1.0142
1.0041
0.9940
as for now, I think

1.0353 (breached)
1.0347 (touched)
1.0336

are the keys for the bears today
  • #9,337
  • Sep 10, 2012 12:23am Sep 10, 2012 12:23am
Quoting 2012baby
its time to buy or sell,
I think you should start by just try to understand by yourself what can be the best thing to do, ultimately nobody is responsable for your money but you, so it would be a good idea to just make your own decisions, correct or wrong it doesn't really matter.
At the end nobody can be sure about if is good to buy or to sell, so there is always a level of probabilities involved with any trade, and by asking "buy or sell" really make no sense.
In my opinion the market was very bullish in the previous week, and i think it will be bullish this week too, so i would say the most sane idea right now is to go with the flow, and buy.
But you really must take responsability for your trading activities, it is the first step to the long journey of learning how to trade.
  • #9,338
  • Sep 10, 2012 12:28am Sep 10, 2012 12:28am
Quoting tunera
I think you should start by just try to understand by yourself what can be the best thing to do, ultimately nobody is responsable for your money but you, so it would be a good idea to just make your own decisions, correct or wrong it doesn't really matter.
At the end nobody can be sure about if is good to buy or to sell, so there is always a level of probabilities involved with any trade, and by asking "buy or sell" really make no sense.
In my opinion the market was very bullish in the previous week, and i think it will be bullish this week too,...
Thks for your reply, I am new & stuck in few trade last week that why i was confused what to do dont get any idea where to go. Therefore I asked help that If this will go down further or I should close my sell trade. thks for helping.
  • #9,339
  • Sep 10, 2012 2:16am Sep 10, 2012 2:16am
Quoting irfandbl
Usually when D1 has just crossed level 50 stochastic, it will retrace based on H1 and H4

Since D1 is pointing up, I should be expecting H1 and H4 downward targets as the retrace.

H4 has not yet showed me that it has crossed down level 70,

Attachment

so as for now I should be looking at H1

Attachment

based on the downward H1 targets, I should be looking at 1.0353, 1.0347 and 1.0336 for any potential longs.
I see that we have touched 1.0357 (1.0353), so there's a probability that the retracement has...
That is the issue with looking at too many multi-timeframes.

Is it up?
Is it down?
Is it "Fandango" ?
How we know which one to choose?

Ask yourself are you really a long timeframe trader/investor?

If you are NOT a long timeframe trader, then don't look at those timeframes too much.
Trade within your own timeframes.

Just look at M15 and H1, it will give better turning points and targets.

Up to H4 only, if you like maybe the longest timeframe you want to go, since you are trading short time frames, meaning for a few days you might hold the positions.

Eliminate the possibilities to simplify.
  • #9,340
  • Sep 10, 2012 2:22am Sep 10, 2012 2:22am
Quoting irfandbl
as for now, I think

1.0353 (breached)
1.0347 (touched)
1.0336

are the keys for the bears today

Looking for price to go up at a bounce around 1.0347 or 1.0319.

Current price at 1.0347, nothing much happen, see during London or US sessions perhaps price will more likely go down to 1.0319 for the bounce if there is no bounce at 1.0347 during London.
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