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  • #906,121
  • Jun 23, 2014 9:22am Jun 23, 2014 9:22am
Quoting irongoose
Maybe the US dollar is being viewed as a dead horse so markets only interested in what their currencies are doing and could care less what type of data The Dollar posts????
haha yea, probably the whole world already figured out that these numbers don't mean sh*t about the real state of the economy here
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  • #906,122
  • Jun 23, 2014 9:23am Jun 23, 2014 9:23am
Quoting gatorinla
{quote} its not?
Nope. I can confirm on that. These are the only Fibonacci ratios:
1
0.61803
0.381961
0.236063
0.145894
0.090167
0.055726

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  • #906,123
  • Jun 23, 2014 9:28am Jun 23, 2014 9:28am
Quoting MaxDoom
{quote} don't be fooled, the longs are being fed before the squeeze

I think bort the short and the longs are beeing fed. It is still in a range.
  • #906,124
  • Jun 23, 2014 9:33am Jun 23, 2014 9:33am
Anybody long on this baby? or is it just me..?
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  • #906,125
  • Jun 23, 2014 9:35am Jun 23, 2014 9:35am
Quoting saver0
{quote} Nope. I can confirm on that. These are the only Fibonacci ratios: 1 0.61803 0.381961 0.236063 0.145894 0.090167 0.055726
ok. those are the given addition numbers. 1+2=3 and 2+3= 5 and so forth. i am curious as why that sequence can not be used in other formulas. such as in negative numbers (subtraction) and if this is so, why not in multiplication or division.
those who can, do. those who cant, talk about those who can
  • #906,126
  • Jun 23, 2014 9:37am Jun 23, 2014 9:37am
Quoting saver0
Anybody long on this baby? or is it just me..?
Price is to choppy and in about an hour the US session will be the only thing open and we all know how useless it's become.
  • #906,127
  • Jun 23, 2014 9:38am Jun 23, 2014 9:38am
Quoting gatorinla
{quote} ok. those are the given addition numbers. 1+2=3 and 2+3= 5 and so forth. i am curious as why that sequence can not be used in other formulas. such as in negative numbers (subtraction) and if this is so, why not in multiplication or division.
I'm not really understanding your question gator..

But I do use these ratios in many things.. you can divide, multiply, add subtract.. they are pretty magical numbers.. the 1.61803.. there is a whole conspiracy/history behind it. Digg around
Focus, Patience, Determination & Order in chaos
  • #906,128
  • Jun 23, 2014 9:39am Jun 23, 2014 9:39am
Quoting irongoose
{quote} Price is to choppy and in about an hour the US session will be the only thing open and we all know how useless it's become.
Yea.. that's the sucky thing about trading from the East coast of US.. Either wake up at like 5am or move to Europe.. haha
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  • #906,129
  • Jun 23, 2014 9:41am Jun 23, 2014 9:41am
Quoting saver0
{quote} Yea.. that's the sucky thing about trading from the East coast of US.. Either wake up at like 5am or move to Europe.. haha
5..........5!?? How about 2 am?
  • #906,130
  • Jun 23, 2014 9:41am Jun 23, 2014 9:41am
Quoting gatorinla
{quote} its not?

Not the way I use it.

The golden ratio of 61.8 is derived from the formula of ((1+square root of 5)/2)^-1

So it follows that

61.8=((1+square root of 5)/2)^-1
38.2=((1+square root of 5)/2)^-2
23.6=((1+square root of 5)/2)^-3
14.6=((1+square root of 5)/2)^-4
etc.

As you can see there is no 50% in that sequence and fibonacci and it's theory is all about sequence.

Using that formula 50% is not a true fibonacci retracement, although I understand it to be derived from the formula of ((1+square root of 5)/2)^-(1/2)



Of course this is all useless if it works in your trading style, but I've found that removing the 50% and then using fibs between 38.2 and 68.2 seems to provide a better style of trading for myself and that is why I do not use 50%.
  • #906,131
  • Jun 23, 2014 9:42am Jun 23, 2014 9:42am
Quoting saver0
Anybody long on this baby? or is it just me..?
I got the impression that EUR is just waiting some good news to shoot up.Right now i wouldnt take any longs though.
  • #906,132
  • Jun 23, 2014 9:45am Jun 23, 2014 9:45am
Quoting deki011
{quote} I got the impression that EUR is just waiting some good news to shoot up.Right now i wouldnt take any longs though.
Euro doesnīt need good news...it can shoot up no matther what
  • #906,133
  • Jun 23, 2014 9:46am Jun 23, 2014 9:46am
There is some nice divergences and support for this baby to make it's way up to the recent top.

(Note: please don't get confused by all the indicators. Look at the ones marked by yellow line)
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Focus, Patience, Determination & Order in chaos
  • #906,134
  • Jun 23, 2014 9:48am Jun 23, 2014 9:48am
Quoting deki011
{quote} I got the impression that EUR is just waiting some good news to shoot up.Right now i wouldnt take any longs though.
I agree, US numbers don't mean a thing at this point and good Euro data will cause the Euro to rise against the dollar.
  • #906,135
  • Jun 23, 2014 9:48am Jun 23, 2014 9:48am
Quoting deki011
{quote} I got the impression that EUR is just waiting some good news to shoot up.Right now i wouldnt take any longs though.
Yea, certainly seems that way :nerd:
Focus, Patience, Determination & Order in chaos
  • #906,136
  • Jun 23, 2014 9:49am Jun 23, 2014 9:49am
Quoting MarianneOslo
{quote} I think bort the short and the longs are beeing fed. It is still in a range.
yes it will probably end in 85-95 range by eod. I was wrong on 3560. anyways will hold my shorts for tomorrow. german ifo will hammer it down again.
  • #906,137
  • Jun 23, 2014 9:53am Jun 23, 2014 9:53am
Quoting Nan-ook
{quote} Euro doesnīt need good news...it can shoot up no matther what
The Euro naturally wants to be higher then the Dollar and even negative data that is better then before moves the Euro up and whats good for the US is good for the Euro in the long run.
  • #906,138
  • Jun 23, 2014 9:54am Jun 23, 2014 9:54am
Quoting GreatNorth
{quote} Not the way I use it. The golden ratio of 61.8 is derived from the formula of ((1+square root of 5)/2)^-1 So it follows that 61.8=((1+square root of 5)/2)^-1 38.2=((1+square root of 5)/2)^-2 23.6=((1+square root of 5)/2)^-3 14.6=((1+square root of 5)/2)^-4 etc. As you can see there is no 50% in that sequence and fibonacci and it's theory is all about sequence. Using that formula 50% is not a true fibonacci retracement, although I understand it to be derived from the formula of ((1+square root of 5)/2)^-(1/2) Of course this is all useless...
no argument on the ratios. the man traveled and picked up on a system others were using long before he introduced it to s Europe. even then a 1/2 a goat was 1/2 a goat. thats the same in all cultures and times.
those who can, do. those who cant, talk about those who can
  • #906,139
  • Jun 23, 2014 9:58am Jun 23, 2014 9:58am
Quoting gatorinla
{quote} no argument on the ratios. the man traveled and picked up on a system others were using long before he introduced it to s Europe. even then a 1/2 a goat was 1/2 a goat. thats the same in all cultures and times.
Yup, half a goat is half a goat haha

But the fact remains, 50% doesn't belong in the fib line since it doesn't follow the formula. Golden ratio is the nature's ratio and 50% isn't part of it... But that doesn't mean you can't include 50%, heck, include 75% if you want and if that number works for you.. hehe
Focus, Patience, Determination & Order in chaos
  • #906,140
  • Jun 23, 2014 10:01am Jun 23, 2014 10:01am
ATM it seems that this baby canīt run some simple 30-40 pips in one direction.
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