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EURUSD

  • #928,841
  • Oct 9, 2014 11:28am Oct 9, 2014 11:28am
Dow is showing weakness
Don't speculate trade with surety.
  • #928,842
  • Oct 9, 2014 11:31am Oct 9, 2014 11:31am
1.268 is not yielding..
Dont trade like me..
  • #928,843
  • Oct 9, 2014 11:36am Oct 9, 2014 11:36am
Quoting pips777
{quote} ======= = http://screencast.com/t/Q4ibf2jd17Y9 ------- fib+gann Rules$ 4sure
=======
http://screencast.com/t/SAqaP6Rl9ONv
  • #928,844
  • Oct 9, 2014 12:00pm Oct 9, 2014 12:00pm
Quoting pedro319
{quote} USDCAD Stops BE.
green eggs and ham is my only trading book. the best movie i ever watched on trading was money ball. (i highly recomend the movie for forex trading )
the only thing i know about fibs, is self taught trial and error. so basically i am illiterate to many terms and methods used properly. i am definitely unconventional.

so w/o a time frame, is this use correct? for expansion after the 28xx/29xx consolidation? another question about 2808 to follow
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those who can, do. those who cant, talk about those who can
  • #928,845
  • Oct 9, 2014 12:05pm Oct 9, 2014 12:05pm
Quoting pedro319
{quote} EURUSD Level respected to the pip. Now price seems to be returning and I see 1.2808 as another one that could play out a bounce and even reversal back down. That is 61.8 Ret daily chart + 1.618 Ext 4 hrs from last swing. GBPUSD Good R:R Sell at 1.6235, 50 % Daily chart.
GBPUSD
Not to the pip but a very obvious reversal candle.
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We watch the charts from every angle so you don't have to!!
  • #928,846
  • Oct 9, 2014 12:11pm Oct 9, 2014 12:11pm
Quoting gatorinla
{quote} green eggs and ham is my only trading book. the best movie i ever watched on trading was money ball. (i highly recomend the movie for forex trading ) the only thing i know about fibs, is self taught trial and error. so basically i am illiterate to many terms and methods used properly. i am definitely unconventional. so w/o a time frame, is this use correct? for expansion after the 28xx/29xx consolidation? another question about 2808 to follow {image}
Last time I replied to you, you just vanished without saying anything. It took me a bit of time to put the chart with the levels and a proper answer like I think you deserve.
Let me elaborate an answer for you.
We watch the charts from every angle so you don't have to!!
  • #928,847
  • Oct 9, 2014 12:19pm Oct 9, 2014 12:19pm
Quoting pedro319
{quote} Last time I replied to you, you just vanished without saying anything. It took me a bit of time to put the chart with the levels and a proper answer like I think you deserve. Let me elaborate an answer for you.
=======
= he vanished just 4 a bit 2 keep his gf's Happeee 4sure
  • #928,848
  • Oct 9, 2014 12:23pm Oct 9, 2014 12:23pm
Quoting gatorinla
{quote} green eggs and ham is my only trading book. the best movie i ever watched on trading was money ball. (i highly recomend the movie for forex trading ) the only thing i know about fibs, is self taught trial and error. so basically i am illiterate to many terms and methods used properly. i am definitely unconventional. so w/o a time frame, is this use correct? for expansion after the 28xx/29xx consolidation? another question about 2808 to follow {image}
Nothing wrong with that. You know what most people don't. That is how I got a 61.8 extension at 1.2190 on the monthly chart.
We watch the charts from every angle so you don't have to!!
  • #928,849
  • Oct 9, 2014 12:27pm Oct 9, 2014 12:27pm
Quoting pedro319
{quote} Nothing wrong with that. You know what most people don't. That is how I got a 61.8 extension at 1.2190 on the monthly chart.
on that one,, was 2808 expected near or about.
those who can, do. those who cant, talk about those who can
  • #928,850
  • Oct 9, 2014 12:32pm Oct 9, 2014 12:32pm
Quoting pedro319
{quote} Nothing wrong with that. You know what most people don't. That is how I got a 61.8 extension at 1.2190 on the monthly chart.
keep that but i don't think you will reach that...
  • #928,851
  • Oct 9, 2014 12:32pm Oct 9, 2014 12:32pm
@ 1.2190 = when this yr still lol
  • #928,852
  • Edited 12:45pm Oct 9, 2014 12:34pm | Edited 12:45pm
Quoting pips777
@ 1.2190 = when this yr still lol
closed some to reload 2727 r+ w/o hh..........2737ish still a focal with some r at 40
those who can, do. those who cant, talk about those who can
  • #928,853
  • Oct 9, 2014 12:36pm Oct 9, 2014 12:36pm
Quoting gatorinla
{quote} on that one,, was 2808 expected near or about.
I expected 1.2808 after it broke 50% that would have been 61.8 plus an extension 1.618 on the 4 hrs, was my next level to sell. So when I say that price always turns from Fib levels with no exception, the 1.2790 was 2.618 Ext hour chart + Ext 1.414 4 hours chart. I don't like when price leaves those levels behind without a single touch.
We watch the charts from every angle so you don't have to!!
  • #928,854
  • Oct 9, 2014 12:41pm Oct 9, 2014 12:41pm
Quoting pedro319
{quote} I expected 1.2808 after it broke 50% that would have been 61.8 plus an extension 1.618 on the 4 hrs, was my next level to sell. So when I say that price always turns from Fib levels with no exception, the 1.2790 was 2.618 Ext hour chart + Ext 1.414 4 hours chart. I don't like when price leaves those levels behind without a single touch.
so this one makes 2869 valid, if so. when does it become invalid, LL?
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those who can, do. those who cant, talk about those who can
  • #928,855
  • Oct 9, 2014 12:42pm Oct 9, 2014 12:42pm
Quoting pips777
@ 1.2190 = when this yr still lol
I don't know where price is going. I need to have a plan to trade and that is one of them. It doesn't have to be necessarily this year, if CD leg is as fast as AB (15 months) Monthly chart, CD leg is already 5 months, but we only need 61.8 extension. Do the maths and you will have your answer.
We watch the charts from every angle so you don't have to!!
  • #928,856
  • Oct 9, 2014 12:48pm Oct 9, 2014 12:48pm
Quoting gatorinla
{quote} so this one makes 2869 valid, if so. when does it become invalid, LL? {image}
Imo opinion when .786 breaks. If it holds and we have reversal swing let's say 1 hour, the ABCD will point exactly there. There is only a problem sometimes is difficult to know which swing to consider, otherwise it would be too easy.
We watch the charts from every angle so you don't have to!!
  • #928,857
  • Oct 9, 2014 12:54pm Oct 9, 2014 12:54pm
Quoting pedro319
{quote} I don't know where price is going. I need to have a plan to trade and that is one of them. It doesn't have to be necessarily this year, if CD leg is as fast as AB (15 months) Monthly chart, CD leg is already 5 months, but we only need 61.8 extension. Do the maths and you will have your answer.
U should know as trader where price would go "what real trade looking for" otherwise how u trade?

for example
Value is an essential concept for both buyers and sellers of any item or service in any market. The same holds true for buyers and sellers in the financial markets. All professional traders base their trading decisions on their perceptions of value in the market.

Here it's PA GO to POC
POC: the point of control. it is therefore the fairest price in the day timeframe.
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  • #928,858
  • Oct 9, 2014 1:00pm Oct 9, 2014 1:00pm
EURUSD
2 things to think about.
If weekly candle had finished today, we would have a bullish engulfing right from .786 Ret Weekly chart from 1.2050 to top.
This move up had to happen in order for pivots to be tested, it happens 70% of the time!
If these premises are correct, we should go down.
We watch the charts from every angle so you don't have to!!
  • #928,859
  • Oct 9, 2014 1:09pm Oct 9, 2014 1:09pm
[quote=pedro319;7791374]{quote} Imo opinion when .786 breaks. If it holds and we have reversal swing let's say 1 hour, the ABCD will point exactly there. There is only a problem sometimes is difficult to know which swing to consider, otherwise it would be too easy.[/quote]
looking for another tool myself. this seems straightforward. if we now bounce to 2727 then 2519 looks promising. of course 2727 ish would have to hold. to get to 2587. even 2795 would work.. like mentioned a few times earlier, those missed targets like 2426. are useful as places to look, like 2786 is to 2426. many times these are trend resuming reversal hot spots. a missed target is needed, to start looking. news spikes often provide these
those who can, do. those who cant, talk about those who can
  • #928,860
  • Oct 9, 2014 1:10pm Oct 9, 2014 1:10pm
Quoting egkid
{quote} U should know as trader where price would go "what real trade looking for" otherwise how u trade? for example Value is an essential concept for both buyers and sellers of any item or service in any market. The same holds true for buyers and sellers in the financial markets. All professional traders base their trading decisions on their perceptions of value in the market. Here it's PA GO to POC POC: the point of control. it is therefore the fairest price in the day timeframe. {image}
No one knows where price is going...I have a theory about it but I am not going to get into it.
Let's put it this way, I like to think that all trades carry same probability and provided I have an edge I should make money consistently, If I thought I knew where price was going all the time that would probably affect my perception and my performance.
We watch the charts from every angle so you don't have to!!
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