nap time see ya laterz............... (big Augustiner)
- #5,102
- May 16, 2014 9:26am May 16, 2014 9:26am
- Joined Apr 2011 | Status: barefooted | 1,633 Posts
Fail better.
- #5,103
- May 16, 2014 9:30am May 16, 2014 9:30am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} Hi Mr. Scott, lets see what will happen now......... a drop to 1.6766 is not unexpected for today. I closed some of my position @ 1.6830 and i want to leave my trading desk now. enough for me today.
Agreed my friend.Happy Friday.
The world you desire can be won. It exists.. it is real.. it is possible..
- #5,104
- May 16, 2014 9:42am May 16, 2014 9:42am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #5,105
- May 16, 2014 9:48am May 16, 2014 9:48am
- Joined Apr 2011 | Status: barefooted | 1,633 Posts
{quote} Not disrespecting Gator but his exact numbers in massive procession on price is self comforting but not realistic on real markets. There is an illusion of control but that's an illusion. Price moves in zones and zones could be 15-50pips wide.Its never precise number. That's from watching price on countless hours. Regards
Feel free to disregard the 6913. I'll take profit there (or earlier
).
Fail better.
- #5,106
- Edited 10:06am May 16, 2014 9:53am | Edited 10:06am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Don't worry, whatever floats your boat. I like your style, and it's completely different from Gators. It works for him (and some others), and it's very confusing for others. Hell, it's even confusing for me... Feel free to disregard the 6913. I'll take profit there (or earlier
I trade harmonics and know that when price goes into PRZ (price reversal zone) its never exact number.It could be off 20-30or more pips.My point is we should all have healthy respect for X factor .By accepting market randomness we can also accept its none randomness as well.Market is both.
This is why I said its an illusion to put exact number on price.
Regards
In trading, you have to be defensive and aggressive at the same time
- #5,107
- May 16, 2014 11:26am May 16, 2014 11:26am
- Joined Apr 2011 | Status: barefooted | 1,633 Posts
Fail better.
- #5,108
- May 16, 2014 12:45pm May 16, 2014 12:45pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} Don't worry, whatever floats your boat. I like your style, and it's completely different from Gators. It works for him (and some others), and it's very confusing for others. Hell, it's even confusing for me... Feel free to disregard the 6913. I'll take profit there (or earlier
Let me simplify:
they have found a way to determine levels (fib-derived), which are fairly often hit (fairly to the pip) and where price reverses then.
Betting on this, you can keep your SL very narrow, and simply let the position run.
When you have a winning position, you win big with only very limited risk.
In this way you can afford to have many calls. Even when many of this calls are knocked out, you can survive and prosper.
add to this the ability of some traders to have a very good feeling for the markets movements, and so they can sort out many losing situations beforehand.
- #5,109
- May 16, 2014 12:48pm May 16, 2014 12:48pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} I just try to understand thought process of numbers Traders post.That's all. I trade harmonics and know that when price goes into PRZ (price reversal zone) its never exact number.It could be off 20-30or more pips.My point is we should all have healthy respect for X factor .By accepting market randomness we can also accept its none randomness as well.Market is both. This is why I said its an illusion to put exact number on price. Regards
sometimes levels are hit to the pip, othertimes not
JMHO
- #5,111
- May 16, 2014 2:43pm May 16, 2014 2:43pm
- Joined Mar 2012 | Status: Trader | 10,087 Posts
{quote}
EURUSD is closing @ DPP
- #5,112
- May 16, 2014 2:53pm May 16, 2014 2:53pm
- Joined Mar 2012 | Status: Trader | 10,087 Posts
So, that's it: Feierabend! Have a nice weekend y'all. LD
- #5,113
- May 16, 2014 3:20pm May 16, 2014 3:20pm
- Joined Mar 2012 | Status: Trader | 10,087 Posts
{quote} I think that Gators or Schicks system work in the end. Let me simplify: they have found a way to determine levels (fib-derived), which are fairly often hit (fairly to the pip) and where price reverses then. Betting on this, you can keep your SL very narrow, and simply let the position run. When you have a winning position, you win big with only very limited risk. In this way you can afford to have many calls. Even when many of this calls are knocked out, you can survive and prosper. add to this the ability of some traders to have a very...
). Kleiner Witz am Rande.....I'm using some different analyses for my entrys. The one is EW that works very well for me on smaler timeframes on EURUSD. But the biggest problem people most time count 1-2-3-4-5 and that is wrong in my view. The one with 1-2-3-4-5 is a theory of elliott waves and the whole EURUSD is a ABC-X..... correction on bigger timeframes D1 and Weekly.
I said today to you how would you count the draghi drop as a 1-2-3-4-5 wave with CLEAR EW-Oldschool theory with wave 2 has a correction until 99%, wave 3 is 161% or 261%, wave 4 with 38.2-% or 44.1% and the wave 5 with 61% of wave 1. So wee can clearly see the oldschool wave targets don't hit (no one) clearly. And the result for me is = this is NOT a impulse wave down!!!!!
On the other side the upmove from 1.3647 to 1.3732 is a CLEAR 1-2-3-4-5 wave and i can say this is a impuls wave. Every retracement of EW theory hit exactly with 2-3 Pips tolerance. I can't post it exactly - i'm not in my office.
Fibotrading based on EW targets works very well on my side = DAX/Stocks works a little better as forex pairs with the targets.
- #5,114
- May 16, 2014 3:37pm May 16, 2014 3:37pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} My system works very well and i think my system is not the same as gators. (The Gator call it mofu - i call it muschi
Above red marked quote:
wave 3 can even be shorter than wave 1 - so I do not know how that will fit into your system. And a wave 5 can be much longer than wave 1 or wave 3. Sometimes we see a wave 5, which is over 4 times as long as a wave 1
You can find the work of Swanell in the attachments of the "The Club" thread. There you can see distribution curves of the lengths of the various waves and their relationships. There is simply no fixed relationship. All we know, that some fib-ratios are more common than others. But we do never know beforehand, which fib-level it will be in the end.
Even when you think, that the moves in the Currencies are build out of only ABC-movements, the subwaves of A and C will be 1-2-3-4-5 (in case of a zigzag).
- #5,115
- Edited 4:03pm May 16, 2014 3:43pm | Edited 4:03pm
- Joined Mar 2012 | Status: Trader | 10,087 Posts
Fib levels and self fulfilling prophecy http://digitalcommons.macalester.edu...onors_projects
.I will try to read it.
But respect to YOU - i think you have read some books about trading and theory's. I think your knowledge is big and you allways discuss with people here on ff about some theorys - as i can see in the mvzvega volume thread. I don't want to wast my time with some people. (Zeitverschwendung!) Ich meine aber nicht dich damit!
