levels never seen start eyeballing the 272 and 618 extensions , not saying you will but start seeing if they start slowing down around those levels ,,,,,, fair enough
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Disliked"What do fibs provide that support/resistance levels and chart analysis don't already provide, other than noise?" Support/Resistance Levels form around Fibs. Fibs are a measuring tool, not a trading tool. Want to measure a target? > Fibs Want to measure a possible level for entry? > Fibs Want to measure add risk / reduce risk levels? > Fibs Want to measure your RR? > Fibs (ok.. and Pivots... and many other things that don't play a role in a traders life but are indispensable for technical analysts.) You are lookin at a market that moves around...Ignored
Disliked{quote} OK there was a reason for the level I mentioned last week, clearly pa shows respect to it. It is still hanging around it and most likely will make the close here at this spot. Lets try to identify what last two weeks caused technically. PA is trying to overcome the medium term - long term it is under some major pressure needless to say -bearish pressure it has been under since the US election. It has been very carefully shifting itself to immediate resistance @1.0820 - 50 %ret level but it has been deadly slow since taking it will clearly...Ignored
Dislikedlevels never seen start eyeballing the 272 and 618 extensions , not saying you will but start seeing if they start slowing down around those levels ,,,,,, fair enoughIgnored
Dislikedhere's new powerful random number (well almost random) retracement system. nailed most reversal points in EURUSD. Fibonacci all the way! {image}Ignored
Disliked{quote} add the 141 baby, the allmighty 141 When I see a pivot in between 127 and 141, dude.... It's magicIgnored
Quoting digger1Dislikedeveryone is only responsible for their own trading platformIgnored
Disliked{quote} Drawing fibs isn't exactly rocket science. I wasn't aware that stocks were valued based on their fib levels. I thought they were valued based on their actual value. You know, what people are willing to pay for them and what people are willing to sell them for. {image}Ignored
Disliked{quote} Guys This discussion is stupid and useless. No offence. You are diluting the thread. And the question sounds like "apples or oranges"? And to answer, which is my final post this week, Fibo is better (for the future). Then the price bounces about - ergo support level (or resistance) is born. Next Fibo.... GL.Ignored
Disliked{quote} OK as promised working on the weekly chart and wanted to hear from you what you guys think: While checking the last 4 weekly bars, it is easy to see price doing its best to erase medium term bearish pressure which will be decided at the above mentioned post 1.0820. If bulls mean business they will need to do it as soon as possible before some major shit storm falls from the sky. If there are strong bears around this level they however need to slap it hard enough to make a weekly close below 1.0560 where this recent uptrend all started. Price...Ignored
Disliked{quote} actualy that's not quite true, but I do get your point {quote} You want to "follow the big dogs" but now you think like a retail trader. Nothing is "valued" using Fibs. We use Fibs as what it is: a tool for measuring I forgot in my previous post: Want to measure the strength of the expected impulsive move after correction before it actualy happens? > Fibs Free lesson: Deep retracement -> trend loses strength, impulse becomes weaker. Flat retracement -> opposing positions are weak, expected impulse will be strong Need a target for...Ignored
DislikedGood night peeps. I go to sleep and if I can't, I don't count sheeps. I recite Fibonacci sequences Oh holy Leonardo Fibonacci, please forgive him, he is freshIgnored
Disliked{quote} OK as promised working on the weekly chart and wanted to hear from you what you guys think:Ignored
Disliked{quote} what's up man, how is it going? Yeah similar outlook and idea for the range - range high @ 0815-20 and range low @ 0650-0660. Not expecting anything huuge in EURUSD this week. Selling range high and buying range low should work fine.Ignored