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EURUSD

  • #706,981
  • Oct 14, 2012 8:25pm Oct 14, 2012 8:25pm
Quoting ForExtraPips
I like how the market is wrapped around mathematics. I just took the swing low on 7-24-12 @ 1.20413 and added that to the swing high on 9-17-12 @ 1.31709 and added the two, then divided it by two. That came out to 1.26061, for the median price. Then I took the high and median and added them up, then divided by two, and came up with 1.28885, which is where price is currently hanging around at. Acting as support now.
close below would signAl 2606
  • #706,982
  • Oct 14, 2012 8:27pm Oct 14, 2012 8:27pm
Quoting sidhujag
close below would signAl 2606
Yes. Which is why I'll put my sell stop just below support.
Time turns trend. - W.D. Gann
  • #706,983
  • Oct 14, 2012 8:30pm Oct 14, 2012 8:30pm
Quoting ForExtraPips
I like how the market is wrapped around mathematics. I just took the swing low on 7-24-12 @ 1.20413 and added that to the swing high on 9-17-12 @ 1.31709 and added the two, then divided it by two. That came out to 1.26061, for the median price. Then I took the high and median and added them up, then divided by two, and came up with 1.28885, which is where price is currently hanging around at. Acting as support now.
"Currency World" (a la Westworld - you know, the movie?) tries to give all its participants a good trading experience... win OR lose! They must have some type of array supercomputer... this happens over and over again.
  • #706,984
  • Oct 14, 2012 8:34pm Oct 14, 2012 8:34pm
Quoting sidhujag
this is kinda true but its all written in the books someone wilk have to pay sooner or later
I hear that and realistically its the middle class that has to pay up for the BS that the banks do.
  • #706,985
  • Oct 14, 2012 8:34pm Oct 14, 2012 8:34pm
Now I see price is trapped until London opens.
Attached Image (click to enlarge)
Click to Enlarge Name: pricetrapped.jpg Size: 159 KB
Time turns trend. - W.D. Gann
  • #706,986
  • Oct 14, 2012 8:34pm Oct 14, 2012 8:34pm
Quoting ForExtraPips
I like how the market is wrapped around mathematics. I just took the swing low on 7-24-12 @ 1.20413 and added that to the swing high on 9-17-12 @ 1.31709 and added the two, then divided it by two. That came out to 1.26061, for the median price. Then I took the high and median and added them up, then divided by two, and came up with 1.28885, which is where price is currently hanging around at. Acting as support now.
LOL. That's 50% fib level.

Try any fib from 1 to 100 you would find price hanging around it
The Thief of Wall Street
  • #706,987
  • Oct 14, 2012 8:37pm Oct 14, 2012 8:37pm
Quoting xandi
uhhhh, expecting exciting night!!!
So goiler helped
  • #706,988
  • Oct 14, 2012 8:38pm Oct 14, 2012 8:38pm
Quoting Chicky
LOL. That's 50% fib level.

Try any fib from 1 to 100 you would find price hanging around it
1.26061 is the 50% level. Correct. (High and low added, then divide it by two). But where price is currently at is not. And 50 is NOT a fib number. It was added to the fib ratios based on the DOW theory. Once again, mathematics rule.
Time turns trend. - W.D. Gann
  • #706,989
  • Oct 14, 2012 8:40pm Oct 14, 2012 8:40pm
Quoting Chicky
LOL. That's 50% fib level.

Try any fib from 1 to 100 you would find price hanging around it

?????

I don't see what you're talking about.
  • #706,990
  • Oct 14, 2012 8:41pm Oct 14, 2012 8:41pm
EA shorts doing great + nice SWAP
New voice message: Why are you calling me? If I need you, I'll call you!
  • #706,991
  • Oct 14, 2012 8:42pm Oct 14, 2012 8:42pm
Quoting KillerWhale
EA shorts doing great + nice SWAP
Which 1 you use?
  • #706,992
  • Oct 14, 2012 8:43pm Oct 14, 2012 8:43pm
Quoting RWalker
?????

I don't see what you're talking about.
OK. select any level from 1.2900 to 1.2950................. and see what happens when price touches that level. I select 1.2917, you select your own
The Thief of Wall Street
  • #706,993
  • Oct 14, 2012 8:44pm Oct 14, 2012 8:44pm
Quoting RWalker
?????

I don't see what you're talking about.
I think he is saying that there is no scientific proof that a FIB number will provide turning points any more than, say a round number, or any number really.

I know that I have have read items like this before...

It takes a lot for me to IGNORE you, but you can try.
  • #706,994
  • Oct 14, 2012 8:46pm Oct 14, 2012 8:46pm
Quoting Chicky
OK. select any level from 1.2900 to 1.2950................. and see what happens when price touches that level. I select 1.2917, you select your own
i select 2908
  • #706,995
  • Oct 14, 2012 8:47pm Oct 14, 2012 8:47pm
Quoting SnaveForex
i select 2908
I select 2935
Time turns trend. - W.D. Gann
  • #706,996
  • Oct 14, 2012 8:47pm Oct 14, 2012 8:47pm
Quoting ainaedil
So goiler helped
I donīt use or know goiler, are you referring to the forex indicator?? or Party Pool?? the second almost, pool missing!!but flamenco is on the air...but kids, donīt try this while trading http://www.youtube.com/watch?v=lq2e9d1SJR0
  • #706,997
  • Oct 14, 2012 8:48pm Oct 14, 2012 8:48pm
Quoting Chicky
OK. select any level from 1.2900 to 1.2950................. and see what happens when price touches that level. I select 1.2917, you select your own
My number is holding, its a good resistance. A close above that would mean, bulls are in charge.
The Thief of Wall Street
  • #706,998
  • Oct 14, 2012 8:49pm Oct 14, 2012 8:49pm
Quoting Chicky
OK. select any level from 1.2900 to 1.2950................. and see what happens when price touches that level. I select 1.2917, you select your own
In the fall from 2945 to 2889 I see 3 price intervals of about 4 pips where price might be said to "hang around".

It hit 2889 at high speed and then turned and ran immediately (like a scalded dog) back above 2900.

I think you can put a pretty fine point on this.
  • #706,999
  • Oct 14, 2012 8:50pm Oct 14, 2012 8:50pm
And look how many hours price fell since the market opened today, before finally climbing back up. Three. A fib number. Something to keep in mind when price falls hard, rises fast, or consolidates. And traders start freaking out when and where to go for the retracement, etc.......after it rises or falls fast.
Time turns trend. - W.D. Gann
  • #707,000
  • Oct 14, 2012 8:50pm Oct 14, 2012 8:50pm
Quoting SnaveForex
i select 2908
hey snave, have you jumped the boat while falling down the river, are you backthere? roww!!!
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