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SimpleFib Trading

  • #361
  • Mar 14, 2014 1:23pm Mar 14, 2014 1:23pm
Quoting bonkers
GBPJPY - This month's major bear swing has finally touched extended target #2 and bounced. Yesterday's free fall has also hit target #1. {image}
On the same note looking at GBPUSD 4 hrly chart, price above 61 on daily frame and on 4 hour frame has maintained level just above support level from last two swings. Looking for longs.
Attached Image (click to enlarge)
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  • #362
  • Edited 1:25pm Mar 15, 2014 1:08pm | Edited 1:25pm
So GJ has been buying since 2012 off this 2011 swing support and just achieved extended bull target#1 and appears to be finding resistance there (169.50). The current month is yet to close, however, market is now trading below this critical area of resistance which may hold for more sustained selling. Monthly close key. Meanwhile will watch this area on daily and H4 in coming week. On the upside buyers could want to take price higher to extended target #2, with any close back above this level.
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  • #363
  • Mar 15, 2014 1:46pm Mar 15, 2014 1:46pm
Hi Simone,

Can you give me your analysis on this?

Gold monthly, weekly and daily - I'm thinking of going long if price manages to break resistance or retrace to previous support.
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  • #364
  • Edited 2:11pm Mar 15, 2014 1:52pm | Edited 2:11pm
Tricky zone for EU as it makes its third attempt at extended bull target #2 (just below 1.4000) from 2012 swing.
Attached Image (click to enlarge)
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  • #365
  • Mar 15, 2014 1:53pm Mar 15, 2014 1:53pm
pulling up your gold now bonkers.
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  • #366
  • Mar 15, 2014 1:58pm Mar 15, 2014 1:58pm
Quoting simoneg
Tricky zone for EU as it makes its third attempt at extended bull target #2 (just below 1.4000) from 2012 swing. {image}
I think you mean March 2014 in your screen shot.
  • #367
  • Mar 15, 2014 2:03pm Mar 15, 2014 2:03pm
Quoting bonkers
{quote} I think you mean March 2014 in your screen shot.
oops thanks much for that correction bonkers.
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  • #368
  • Mar 15, 2014 2:17pm Mar 15, 2014 2:17pm
Quoting bonkers
Hi Simone, Can you give me your analysis on this? Gold monthly, weekly and daily - I'm thinking of going long if price manages to break resistance or retrace to previous support. {image} {image} {image}
Ok if this month or next week closes and holds above resistance you would have a good long plan. However, the fact that we have bought into resistance means sellers have their heads up. Also, the orange fib on your first chart is drawn incorrectly. Choose the lower swing high for your high and the picture becomes much clearer. Current buy up is from that small swing. Chart attached.

Additionally, we can't ignore the fact that all that buying, failed at resistance, so price may spike through resistance next week, return and close below for a nice sell.
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  • #369
  • Mar 15, 2014 2:33pm Mar 15, 2014 2:33pm
Quoting simoneg
{quote} Ok if this month or next week closes and holds above resistance you would have a good long plan. However, the fact that we have bought into resistance means sellers have their heads up. Also, the orange fib on your first chart is drawn incorrectly. Choose the lower swing high for your high and the picture becomes much clearer. Current buy up is from that small swing. Chart attached. Additionally, we can't ignore the fact that all that buying, failed at resistance, so price may spike through resistance next week, return and close below for...
Made the adjustment. Thank you!
  • #370
  • Mar 15, 2014 2:35pm Mar 15, 2014 2:35pm
Quoting bonkers
{quote} Made the adjustment. Thank you!
No probs bonkers. We'll see how next week plays out. Looking rather interesting.
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  • #371
  • Edited 3:41pm Mar 15, 2014 3:11pm | Edited 3:41pm
Quoting simoneg
Tricky zone for EU as it makes its third attempt at extended bull target #2 (just below 1.4000) from 2012 swing. {image}
I think downside action is likely. At least in the short term.

Crimea situation will also have an impact.
  • #372
  • Mar 15, 2014 9:41pm Mar 15, 2014 9:41pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Possible short setups on EURUSD and GBPJPY:
  • #373
  • Edited 11:41pm Mar 15, 2014 10:42pm | Edited 11:41pm
Mam....

i always remember this ... yes that's about a given week

now we talk about a given month .. it should be hit on last feb but the bull target ( using january data ) is just hit on march....

something is cooked here mam...


***
personal plan : market is in red zone .

combined with january fibo... i believe someone is cooking something here.... the problem.. i don't who is cooking and what she/he cooks anyonce could tell bear steak or bull steak ? : )

Quoting simoneg
Tricky zone for EU as it makes its third attempt at extended bull target #2 (just below 1.4000) from 2012 swing. {image}
Attached Image(s) (click to enlarge)
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  • #374
  • Mar 16, 2014 6:42am Mar 16, 2014 6:42am
Quoting iqyu5an
Mam.... i always remember this ... yes that's about a given week now we talk about a given month .. it should be hit on last feb but the bull target ( using january data ) is just hit on march.... something is cooked here mam... *** personal plan : market is in red zone . combined with january fibo... i believe someone is cooking something here.... the problem.. i don't who is cooking and what she/he cooks anyonce could tell bear steak or bull steak ? : ) {quote} {image} {image} {image}
Bull for now still more room to up
the question bulls will take profit where
  • #375
  • Mar 16, 2014 7:25am Mar 16, 2014 7:25am
Quoting egkid
{quote} Bull for now still more room to up the question bulls will take profit where
hahhaha.. tell me where it is bro...


*** how r u doin' there brother ? salam
not euphoria follower
  • #376
  • Mar 16, 2014 7:57am Mar 16, 2014 7:57am
Dedicated for madame ... the real GURU : auto regular fib from intraday to yearly fibbing

**********
save it under C:\Users\[user name]\AppData\Roaming\MetaQuotes\Terminal\[32 character long MT4 ID]\MQL4\Indicators
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddailysamplefib.png Size: 38 KB
Attached File(s)
File Type: ex4 ay-IqyuMadame 2014.ex4   38 KB | 395 downloads
not euphoria follower
  • #377
  • Mar 17, 2014 3:38am Mar 17, 2014 3:38am
Quoting 786 trading
{image}{image}Possible short setups on EURUSD and GBPJPY:
Greetings! We have similar plan on EU 786
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  • #378
  • Mar 17, 2014 3:40am Mar 17, 2014 3:40am
Quoting iqyu5an
Mam.... i always remember this ... yes that's about a given week now we talk about a given month .. it should be hit on last feb but the bull target ( using january data ) is just hit on march.... something is cooked here mam... *** personal plan : market is in red zone . combined with january fibo... i believe someone is cooking something here.... the problem.. i don't who is cooking and what she/he cooks anyonce could tell bear steak or bull steak ? : ) {quote} {image} {image} {image}
Haha time to see the cook's secret iq. I'm personally looking/planning for shorts as well. Will see how she goes.
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  • #379
  • Mar 17, 2014 3:41am Mar 17, 2014 3:41am
Quoting iqyu5an
Dedicated for madame ... the real GURU : auto regular fib from intraday to yearly fibbing ********** save it under C:\Users\[user name]\AppData\Roaming\MetaQuotes\Terminal\[32 character long MT4 ID]\MQL4\Indicators {file} {image}
Greater GURUUUU....Many Thanks!
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  • #380
  • Mar 17, 2014 4:49am Mar 17, 2014 4:49am
Short EJ @ swing long and major price bar short levels.
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