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  • #8,721
  • Sep 26, 2012 4:48am Sep 26, 2012 4:48am
Quoting josh11
Bounce of 61.8 fib!! will it carry on down? price action is king... GL

are you talking about EU?
I have no clue which fib 61.8.
Please post your chart.
Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,722
  • Sep 26, 2012 4:49am Sep 26, 2012 4:49am
Quoting eth3onstock
Hi Dee,
clearly I'm not the brightest student around
I can see from your charts that volume is increasing when there's a big move on Asian session.

Sorry, but I still don't get it.... (please be patient to me) ehm... is there any economic fundamental situation that increasing the volume on Asian session recently? Because each time that happened, I look for some news and economic analysis on internet but I've got nothing.

Also, refer to S3 rules, even there's volume increased on Asian session... I still have to wait for LO before looking...
Not being funny or anything like that, but, there is a way to satisfy your curiosity. Backtest, but not just the last month, go back further, and look at some of the asian pairs this will tell you if it is worth trading asian time, "For You". Everybodys circumstances are different, find out what is best for you.

LO / NYO are deemed the optimum time
Cut your Losers short and let your Winners run.
  • #8,723
  • Sep 26, 2012 4:54am Sep 26, 2012 4:54am
Quoting emmanuel7788
are you talking about EU?
I have no clue which fib 61.8.
Please post your chart.
Thanks.
todays hi to low... hit 61.8 and shoot back down!!

EU 1hr

Cant post chart at moment, can you see it?
  • #8,724
  • Sep 26, 2012 4:59am Sep 26, 2012 4:59am
Quoting josh11
todays hi to low... hit 61.8 and shoot back down!!

EU 1hr

Cant post chart at moment, can you see it?
ok, now that you mention today high-low fib.
yes I can see that.

spike down and spike up ... I stand aside this one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,725
  • Sep 26, 2012 5:00am Sep 26, 2012 5:00am
Quoting emmanuel7788
ok, now that you mention today high-low fib.
yes I can see that.

spike down and spike up ... I stand aside this one.
How are you em its been a while??
  • #8,726
  • Sep 26, 2012 5:01am Sep 26, 2012 5:01am
Quoting emmanuel7788
ok, now that you mention today high-low fib.
yes I can see that.

spike down and spike up ... I stand aside this one.
78% retrace todays HL and hit Y's low.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #8,727
  • Sep 26, 2012 5:08am Sep 26, 2012 5:08am
Quoting josh11
How are you em its been a while??

I am still here practicing everyday. Learning a lot too from some good traders here in FF.

You went away for a while. Good to see you back online.

Let keep practicing S3 trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,728
  • Sep 26, 2012 5:10am Sep 26, 2012 5:10am
Quoting emmanuel7788
I am still here practicing everyday. Learning a lot too from some good traders here in FF.

You went away for a while. Good to see you back online.

Let keep practicing S3 trading.
Yes had other commitment but now back
  • #8,729
  • Sep 26, 2012 5:10am Sep 26, 2012 5:10am
Quoting Vantage
78% retrace todays HL and hit Y's low.

well it is clearing the way for the move. Still have more stops above I guess to take out then it will decide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,730
  • Sep 26, 2012 5:14am Sep 26, 2012 5:14am
Quoting dee50
Not being funny or anything like that, but, there is a way to satisfy your curiosity. Backtest, but not just the last month, go back further, and look at some of the asian pairs this will tell you if it is worth trading asian time, "For You". Everybodys circumstances are different, find out what is best for you.

LO / NYO are deemed the optimum time
Dee,

apologize if i said something not appropriate to you.
i was looking for mt4 history data since i move from old laptop. i remembered there's a website that provided the data. found it just now and downloading it.

thank you.
  • #8,731
  • Sep 26, 2012 5:21am Sep 26, 2012 5:21am
Quoting Vantage
78% retrace todays HL and hit Y's low.

Hah. Just love this game.

Mine shows 61.8%
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min fib.png Size: 36 KB
Cut your Losers short and let your Winners run.
  • #8,732
  • Sep 26, 2012 5:26am Sep 26, 2012 5:26am
Quoting eth3onstock
Dee,

apologize if i said something not appropriate to you.
No need, you did not say anything.

Language is a funny thing if I call someone a bastardo here in spain they just laugh, if I call them a cabron (bastard) they take extreme offense and will run home and get their shotgun.
Cut your Losers short and let your Winners run.
  • #8,733
  • Sep 26, 2012 6:45am Sep 26, 2012 6:45am
I´m short from 1.2885 bottom of the pin bar, just taken 50% off for 25 pips, stop was moved to B/E after 10 pips, price came back up to within 1 pip of my stop. Price has broken thru low of the day so I am targetting 1.2842 the 138.2% extension. Support is at 1.2840ish. Entry was taken on the 15 min hence no chart.
Cut your Losers short and let your Winners run.
  • #8,734
  • Sep 26, 2012 6:47am Sep 26, 2012 6:47am
Quoting dee50
I´m short from 1.2885 bottom of the pin bar, just taken 50% off for 25 pips, stop was moved to B/E after 10 pips, price came back up to within 1 pip of my stop. Price has broken thru low of the day so I am targetting 1.2842 the 138.2% extension. Support is at 1.2840ish. Entry was taken on the 15 min hence no chart.
excellent entry at the Pin bar!
Wish data services are you using for Ninja Trader? Is it expensive?
Why do you prefer NT?

Cheers

Munir
  • #8,735
  • Sep 26, 2012 6:52am Sep 26, 2012 6:52am
Quoting dee50
I´m short from 1.2885 bottom of the pin bar, just taken 50% off for 25 pips, stop was moved to B/E after 10 pips, price came back up to within 1 pip of my stop. Price has broken thru low of the day so I am targetting 1.2842 the 138.2% extension. Support is at 1.2840ish. Entry was taken on the 15 min hence no chart.
Nice one would have loved to have entry closer to the Y low/pivot combo but I got distracted. Waited for 1hr to close and entry 1.2865. We have paused at S1 1.2841, my target MS3/W M1 at 1.2822.
  • #8,736
  • Sep 26, 2012 7:06am Sep 26, 2012 7:06am
Quoting dee50
Hah. Just love this game.

Mine shows 61.8%
I think you're right, rarely use fibs I think I was tinkering sometime and instead of adding 78% I renamed 62% to 78% instead.
  • #8,737
  • Sep 26, 2012 7:06am Sep 26, 2012 7:06am
Also short looking for just above 1.618fib which is at 1.2810 Stop at BE
  • #8,738
  • Sep 26, 2012 7:12am Sep 26, 2012 7:12am
Quoting munirpt
excellent entry at the Pin bar!
Wish data services are you using for Ninja Trader? Is it expensive?
Why do you prefer NT?

Cheers

Munir
I´m with Amp Futures and CQG. The data from CQG is free via Amp. My costs are the comissions for a round turn which vary depending on the number of round turns you do. I just add 1 pip to my target which more than covers the cost.

NT had the best deal when I started trading, as did Amp and I have not had any reason to change. NT does everything I need for my trading.
Cut your Losers short and let your Winners run.
  • #8,739
  • Sep 26, 2012 8:05am Sep 26, 2012 8:05am
Recent entries on GBPUSD.TF M15
PB candles marked with yellow elipses.And they are the entry points.
SL for every trade was not more then 20p.))
Attached Image (click to enlarge)
Click to Enlarge Name: фунт009.jpg Size: 117 KB
  • #8,740
  • Sep 26, 2012 11:29am Sep 26, 2012 11:29am
For those of you who want to learn more about using Fibonacci. Here is an excellent book by the Fibonacci Queen Corolyn Boroden. It is a 14Mb Pdf download. Fibonacci can get very involved so concentrate on the Retracement and Extensions section to start with, after that it becomes a magical world full of clusters, fans and circles.

http://aradsarmaye.com/upload_file_a...%20Boroden.pdf
Cut your Losers short and let your Winners run.
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