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  • #1,097,601
  • Mar 18, 2017 3:49pm Mar 18, 2017 3:49pm
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
  • #1,097,602
  • Mar 18, 2017 3:57pm Mar 18, 2017 3:57pm
5 minute chart of eur Friday if it had been long day it would probably be doing the same thing only at the top 272 and 618 ext
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  • #1,097,603
  • Mar 18, 2017 3:59pm Mar 18, 2017 3:59pm
Quoting Teek
"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...
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.
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  • #1,097,604
  • Mar 18, 2017 4:05pm Mar 18, 2017 4:05pm
Quoting Connors
{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...

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 action is slow as we all have experienced and market makers may use this slow action to range between 1.0659 to 1.0800 before making the final decision so I actually expect a ranging week within 140 -150 pips.

In case a surprise does happen and pa attempts to move and take 1.0820 and gets slapped hard by taking each mini supports on the way and manages to close weekly below 1.0560, it is natural to expect a new 14-15 year low. I dont favor that option even tough they may squeeze early bulls by shaking them hard and penetrating 1.0560 , without a weekly close below 1.0560, it will keep bouncing.

I look forward to hearing what you fellas think and am open to all sorts of critism however I promise you will feel my baby girl's poo on your faces if you ever disagree with me for no reason.
  • #1,097,605
  • Mar 18, 2017 4:07pm Mar 18, 2017 4:07pm
Quoting digger1
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
add the 141 baby, the allmighty 141
When I see a pivot in between 127 and 141, dude.... It's magic
you are not expected to understand this
  • #1,097,606
  • Mar 18, 2017 4:14pm Mar 18, 2017 4:14pm
Quoting asgcorp
here's new powerful random number (well almost random) retracement system. nailed most reversal points in EURUSD. Fibonacci all the way! {image}
non random flag patterns ,,,,, to the pip ,nope just like fibs ,,,,,,,, some are some arent ,,,, just tools sometimes one works better than the other sometimes its the other way around ,,,,,, does it really matter ,,,,,,,, use what ya know and make money
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  • #1,097,607
  • Mar 18, 2017 4:17pm Mar 18, 2017 4:17pm
Quoting Teek
{quote} add the 141 baby, the allmighty 141 When I see a pivot in between 127 and 141, dude.... It's magic
As long as it makes you money , thats what matters , everyone is only responsible for their own trading platform thats the bottom line
  • #1,097,608
  • Edited 4:31pm Mar 18, 2017 4:18pm | Edited 4:31pm
Quoting digger1
everyone is only responsible for their own trading platform
actualy that's not quite true, but I do get your point

Quoting tstivers
{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}
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 the impulse ("how high/low will it spike")? > give me Fibs and Pivots and I call it to the pip.
See the chart digger1 posted above. He did exactly this. He measured the incoming impulse before it happened, "to the pip"

Seriously, never argue with Fibs. They are among the "holy grail" tools for every teachnical analyst.
people pay a lot of mulah to guys who know how to use Fibs. Better learn them
you are not expected to understand this
  • #1,097,609
  • Mar 18, 2017 4:23pm Mar 18, 2017 4:23pm
Quoting Not-KPMG
{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.
Diluting the thread? 54881 pages????? Of which topic????

Stupid and useless discussion can make visible to others which way not to think. If they posses common sense.
  • #1,097,610
  • Mar 18, 2017 4:23pm Mar 18, 2017 4:23pm
Quoting Connors
{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...
Lol, hope you are enjoying it savour every minute because it will go by a whole lot faster than you think ,,,,,, on the poo front I have a lot of baby calves this time of year , they will manufacture way more ammo lol,,, Heres to everyone having a great week
  • #1,097,611
  • Mar 18, 2017 4:32pm Mar 18, 2017 4:32pm
Quoting Teek
{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...
Holy grail? That sounds a lot like religion to me.
  • #1,097,612
  • Mar 18, 2017 4:41pm Mar 18, 2017 4:41pm
Quoting tstivers
{quote} Holy grail? That sounds a lot like religion to me.
Yes, there is one and Banks use it every day. It is their religion, so it would be wise to learn WHY, they "trade" the way they do.
  • #1,097,613
  • Mar 18, 2017 4:41pm Mar 18, 2017 4:41pm
Quoting tstivers
{quote} Holy grail? That sounds a lot like religion to me.
I'm a buddhist and I practice Zen. Don't get me started on this.

"Actually, I find that every time price hits a fib level exactly, it coincides with a sr level. So."
The S/R is actualy there BECAUSE there is a Fib there!
It formed around the Fib!

ayayaayayaaaaaaaaaa
you are not expected to understand this
  • #1,097,614
  • Edited 10:42pm Mar 18, 2017 4:55pm | Edited 10:42pm
Here is 1 HR chart. Daily, Weekly, Monthly Fib.

1.0825 ( 261% DF)
1.0871 ( 112% WF)
1.071 ( 162% DF)
1.0654 (112% DF)
1.0640 (100% DF)
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  • #1,097,615
  • Mar 18, 2017 5:04pm Mar 18, 2017 5:04pm
Good 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 fresh
you are not expected to understand this
  • #1,097,616
  • Mar 18, 2017 5:08pm Mar 18, 2017 5:08pm
Trade these levels. No Fib
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  • #1,097,617
  • Mar 18, 2017 5:09pm Mar 18, 2017 5:09pm
and the simplest hourly chart almost possible ,,,,,, a naked hourly chart with just a plain ole 24 ema 24 is the blue yellow is slightly shorter, just gives the 24 a buffer zone to watch , no fibs no patterns no nothing just an average
Attached Image (click to enlarge)
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  • #1,097,618
  • Mar 18, 2017 5:17pm Mar 18, 2017 5:17pm
Quoting Teek
Good 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 fresh
lol, have a good one ,,, later
  • #1,097,619
  • Mar 18, 2017 5:20pm Mar 18, 2017 5:20pm
Quoting Connors
{quote} OK as promised working on the weekly chart and wanted to hear from you what you guys think:
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.
  • #1,097,620
  • Mar 18, 2017 5:28pm Mar 18, 2017 5:28pm
Quoting asgcorp
{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.

Hey buddy! All good here, apart from the Irish and Swedish visitors which never come to an end, I am fine and enjoying the time with the little poo machine.

Glad to see you have the same view, hoping for a few scalps this week to please the high maintenance family.
Let me check your thread a little, will be trading other things other than EUR this week, GJ never came to your level 137.60, have a pending there. Also let me check what you think about UJ.
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