,
- #692,322
- Sep 14, 2012 5:32am Sep 14, 2012 5:32am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
Would be nice to see a 1000 pip run
- #692,323
- Sep 14, 2012 5:33am Sep 14, 2012 5:33am
Playing with levels... a little bit of reverse ingeenering...
Provided that July low 1.2041 is 0%, what should be 100% fib level to match PA that we have seen so far?
Look at the fib levels - I am sure you will recognize them all, we've been there!
So if this is the game, the 100% should be at 1.3246... Which also is in sync with a TL connecting May 5th and Aug 27th tops (green dotted line)
I am not saying it will get there,there are other factors, just one more to think about...
What do you think?
http://i47.tinypic.com/2e22yy0.png...
- #692,327
- Sep 14, 2012 5:34am Sep 14, 2012 5:34am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #692,328
- Sep 14, 2012 5:34am Sep 14, 2012 5:34am
- | Additional Username | Joined Aug 2012 | 646 Posts
Stop
You know that I respect you and I know you respect me.
It is true that bias create concept and concept narrows the view, but it is possible to trade in bigger TF successfully without a bias exactly as you do in your 1 mtf.
Absolute truth does not exist, what is right for you, it is not necessary right of everyone.
I think it is important for you to grasp this concept in trading and in non trading.
I think now is time to stop bickering with each other, you do not have to prove anything to anyone and viceversa.
Personally...
Yes it can be done on HIGH TF. Yet most people dont see the rules which go with using FIBS.. You have 0.0 23.6 50 and 78.6 along with 100 Depending at which fib you have accumalation you will know where to expect the next run to go. ALSO say it goes from 23.6 to 78.6 and goes flat, you then know the next run will be from 78.6 to xyz. All you have to do is find the trends, which is why you back test.
I use 1m because those patterns apper more often. They actually hold true just as much as if you use it on high tf. Yet on high tf if your stuck inbetween a fib then you are in a toss up, which is why you go down in tf until your smack on a fib line.
He who guess is LOST!
- #692,330
- Sep 14, 2012 5:35am Sep 14, 2012 5:35am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #692,331
- Sep 14, 2012 5:35am Sep 14, 2012 5:35am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Good to see everybody is going long now...
News should say "no more crisis, everything is fine"...so almost time to short everything
News should say "no more crisis, everything is fine"...so almost time to short everything
COT: The precious data ignored
- #692,332
- Sep 14, 2012 5:37am Sep 14, 2012 5:37am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
..
- #692,334
- Sep 14, 2012 5:39am Sep 14, 2012 5:39am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
899 will cap it until intraday algos start crunching sell orders and pair will spike upside.
May take a while, usually waiting for some news.
Oh yes, they know beforehand. It just art of keeping price level proper in respect of time.
They think they are smarter than I am.
- #692,335
- Sep 14, 2012 5:42am Sep 14, 2012 5:42am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Yes it can be done on HIGH TF. Yet most people dont see the rules which go with using FIBS.. You have 0.0 23.6 50 and 78.6 along with 100 Depending at which fib you have accumalation you will know where to expect the next run to go. ALSO say it goes from 23.6 to 78.6 and goes flat, you then know the next run will be from 78.6 to xyz. All you have to do is find the trends, which is why you back test.
I use 1m because those patterns apper more often. They actually hold true just as much as if you use it on high tf. Yet on high tf if your...
Remember tough we are all different and every body need to be respected for what they are.
"Men who can both be right and sit tight are uncommon."
- #692,336
- Sep 14, 2012 5:43am Sep 14, 2012 5:43am
- | Joined May 2010 | Status: Non Member | 2,751 Posts
Don't be smart. Be rich.
- #692,337
- Sep 14, 2012 5:44am Sep 14, 2012 5:44am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #692,339
- Sep 14, 2012 5:45am Sep 14, 2012 5:45am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #692,340
- Sep 14, 2012 5:45am Sep 14, 2012 5:45am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!