- #750,203
- Jan 25, 2013 2:42am Jan 25, 2013 2:42am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
http://i46.tinypic.com/2052pdz.gif[/quote]
does it?
you are confusing me, assuming you meant the fib of the upswing on your chart (see chart below) then you are applying the fib the wrong way around a pullback to the 334x area is a 38% ish retrace not 61.8% and I assume you meant 61.8 not 68.8 ?
but yes fibs work well if done right - most of the time
[/quote]
http://i49.tinypic.com/f3z4eu.gif
This is how i draw fibo... If i wrong please correct...
does it?
you are confusing me, assuming you meant the fib of the upswing on your chart (see chart below) then you are applying the fib the wrong way around a pullback to the 334x area is a 38% ish retrace not 61.8% and I assume you meant 61.8 not 68.8 ?
but yes fibs work well if done right - most of the time
[/quote]http://i49.tinypic.com/f3z4eu.gif
This is how i draw fibo... If i wrong please correct...
- #750,206
- Jan 25, 2013 2:44am Jan 25, 2013 2:44am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Mornig All...!!! I love the whole world this morning, dunno why. Maybe cause I closed my short @1.3355 and have not kept it
Also need to thank attila once again, see his posts from yesterday and understand what he said about "if this level - he refers to 1.3381 - is taken out, bears will be royally fucked up... Max Doom has been saying this for ages as well with his bubbles chart which he put last year
Newbees..! Listen to members such as these two and try to understand...
You don't want to get Jelly Bone started and no way he wants to learn from Max.
- #750,207
- Jan 25, 2013 2:45am Jan 25, 2013 2:45am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
Eu jpy SL moved to +80
Took a small long here @ 1.3350
TP 1.34
SL 1.3330
Back to bed... damn flu
Tp hit+50... This opens my weekly chart to 1.35-40 area bought more here and back to bed
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- #750,208
- Jan 25, 2013 2:45am Jan 25, 2013 2:45am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
My channel looks a bit different. Here are my key levels:
nice chart bro, i will bbl geppy is getting interesting
ps maybe a bear flag on eu too. bit early is only 1st tap of utl,
If you are new to Forex? Say Goodbye to your account!!
- #750,210
- Jan 25, 2013 2:48am Jan 25, 2013 2:48am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #750,211
- Jan 25, 2013 2:51am Jan 25, 2013 2:51am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
EJ GU EU looking good
- #750,215
- Jan 25, 2013 2:57am Jan 25, 2013 2:57am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #750,216
- Jan 25, 2013 2:57am Jan 25, 2013 2:57am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #750,217
- Jan 25, 2013 2:59am Jan 25, 2013 2:59am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
This is how i draw fibo... If i wrong please correct...
may be its this way max . the bounce of 61.8 fib
yes I see what you are doing, and to be fair some people do put their fib that way round but it can get confusing because.......
that way round is normally used for doing extensions to the move to say 161.8%
but, if you hear talk of a price retrace to 61.8% then that means a 61.8% move backwards, whereas the the move you are showing is actually only 38.2% retrace.
obviously the result is the same but it does cause confusion in discussions as we have just seen
regards
- #750,220
- Jan 25, 2013 3:10am Jan 25, 2013 3:10am
- Joined Apr 2012 | Status: Trader | 1,054 Posts
Short closed. Price action suggests a visit to 3420/30. Looking to short at those numbers.
Oops. There is something @ 3450/55 as well. Very interesting.
When Scalpers win, I lose and Vice varsa...