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  • #4,701
  • Nov 22, 2012 9:50am Nov 22, 2012 9:50am
Quoting DaGrizlyBull
http://static2.fjcdn.com/comments/en...b912515eab.jpg
You contradict yourself. Your fib is for a retracement to go LONG. Your H1 setup is for a break and retest to go SHORT. I can only conclude that you need to learn to use Fibs the right way

GL
What you say it's not wrong Griz, but fibo levels also could flip s to r after break. So it's a confluence.
But on this example i can't see fibo confluence on that level. It's in between.
  • #4,702
  • Nov 22, 2012 5:45pm Nov 22, 2012 5:45pm
Quoting Rust
What you say it's not wrong Griz, but fibo levels also could flip s to r after break. So it's a confluence.
But on this example i can't see fibo confluence on that level. It's in between.
That doesn't make any sense. Fib Retracement measures the depth of a retracement relative to the previous swing to which it's anchored. This is all that this tool does. Or elsely put : "How much is price going up before going down again ?" . All the rest is made up stuff with no logic.
I don't need easy. I just need possible.
  • #4,703
  • Nov 23, 2012 10:26am Nov 23, 2012 10:26am
Quoting Rust
Great teachings wiz! Thanks for sharing
Oh he got this USD/CAD in the end!!! It came good! But you see the squeeze on entry...that definetly wasn't a good area to bang it short...now on the retracement up on the other hand...that's a nice place to put an offer.
  • #4,704
  • Nov 23, 2012 10:42am Nov 23, 2012 10:42am
Quoting the_wizard
Oh he got this USD/CAD in the end!!! It came good! But you see the squeeze on entry...that definetly wasn't a good area to bang it short...now on the retracement up on the other hand...that's a nice place to put an offer.
Good watch for the new week is USD/CAD I'm looking at that divergence and a trendline break on daily to put some bias on.

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  • #4,705
  • Nov 23, 2012 12:34pm Nov 23, 2012 12:34pm
USDCAD looks great indeed. What about KIWI?

On h1 we have H&S pattern with great level to watch and when zooming out on daily there's something like flag pattern in direction of that H&S. Could be another great setup to watch for the next week.

Cheers
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  • #4,706
  • Nov 23, 2012 12:56pm Nov 23, 2012 12:56pm
Quoting Audioslave
USDCAD looks great indeed. What about KIWI?

On h1 we have H&S pattern with great level to watch and when zooming out on daily there's something like flag pattern in direction of that H&S. Could be another great setup to watch for the next week.

Cheers
Great Charts man !
I don't need easy. I just need possible.
  • #4,707
  • Nov 23, 2012 5:42pm Nov 23, 2012 5:42pm
What about this one? Down Down Down?

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And a Seasonal Tendency for Start Of December as a bonus

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I don't need easy. I just need possible.
  • #4,708
  • Nov 23, 2012 7:06pm Nov 23, 2012 7:06pm
Quoting Audioslave
USDCAD looks great indeed. What about KIWI?

On h1 we have H&S pattern with great level to watch and when zooming out on daily there's something like flag pattern in direction of that H&S. Could be another great setup to watch for the next week.

Cheers
I want to trade that!
  • #4,709
  • Nov 23, 2012 7:28pm Nov 23, 2012 7:28pm
UC is a good level, however it could found support at the daily trendline and form a bullish bar. it would be better if it can break the TL and come back for a retest.

http://i.imgur.com/bVEjS.jpg
  • #4,710
  • Nov 24, 2012 5:31am Nov 24, 2012 5:31am
Quoting letonz
UC is a good level, however it could found support at the daily trendline and form a bullish bar. it would be better if it can break the TL and come back for a retest.

http://i.imgur.com/bVEjS.jpg
It could be considered when determining the FTA as well.
  • #4,711
  • Nov 24, 2012 2:53pm Nov 24, 2012 2:53pm
some ideas for next week. I'd love to get a few right.
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  • #4,712
  • Nov 24, 2012 2:56pm Nov 24, 2012 2:56pm
some more
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  • #4,713
  • Edited 4:03pm Nov 25, 2012 10:33am | Edited 4:03pm
Quoting the_wizard
They are therefore liquidity pools for professionals.
EURUSD Chart... SFP into this evenings open maybe? Greater than 29pts required to qualify...

https://lh5.googleusercontent.com/-I...into%2BSFP.png

EDIT: Level is 1.3020+

EDIT: 4pt gap down on open... Nevermind
  • #4,714
  • Edited 1:14pm Nov 25, 2012 12:47pm | Edited 1:14pm
Quoting kerinsp
some ideas for next week. I'd love to get a few right.
hi kerinsp,
I think it`s been retested...
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  • #4,715
  • Nov 25, 2012 3:51pm Nov 25, 2012 3:51pm
That's called a butt kiss, if I'm correct, it still has a high probability of successful RR.
  • #4,716
  • Nov 26, 2012 9:30am Nov 26, 2012 9:30am
Nice charts there Kerin.
  • #4,717
  • Nov 26, 2012 3:24pm Nov 26, 2012 3:24pm
Don't know if Tom will like this one or even see it here, but it could develop an amazing R.
100% SFP based. Daily SFP for bias, H1 sfp for entry.
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Target is under water 81.45
  • #4,718
  • Nov 26, 2012 5:23pm Nov 26, 2012 5:23pm
Nice one
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  • #4,719
  • Nov 27, 2012 12:43am Nov 27, 2012 12:43am
My charts for the week, a lot of the same..
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  • #4,720
  • Nov 27, 2012 12:48am Nov 27, 2012 12:48am
One more
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