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  • #1,099,261
  • Mar 26, 2017 11:51am Mar 26, 2017 11:51am
Fibonacci, Trendlines, Channels, everything...they all suck! Get a budgie...if he chirps when you enter the room go long...if he is quiet go short! That's what i do!
  • #1,099,262
  • Mar 26, 2017 11:51am Mar 26, 2017 11:51am
Quoting Don96
{quote} I have you evidence, a week of data of improper use is never going to get you anywhere, if it was that easy to money most on here would be billionaires and everyone would be trading forex I gave you examples of how they turn the market on h4 and m5... how can you still say they don't, I even posted my entries...
So you're saying you use fibs like this, then?

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From what I've seen on your charts, you use them like this. I've yet to see a chart from you showing that you use them like the previous image.

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  • #1,099,263
  • Mar 26, 2017 11:58am Mar 26, 2017 11:58am
Quoting Connors
{quote} I am amazed with your patience, why do you insist on a hopeless case mate? Let him be, fed up with seeing his crap over and over again. He either wants to make a scene or wants you to spoon feed him. His approach if he wants to learn anything here is far from right. When you keep responding he will never stop you know that right?
I'd like you to ask yourself if it's me who is looking for an argument here, or if it's you who is choosing to read my messages looking for an argument. My post was pretty clear. If you bothered to read it, I think you would realize how stupid you sound right now.
  • #1,099,264
  • Mar 26, 2017 12:02pm Mar 26, 2017 12:02pm
Quoting Prospect
Which website can be used to get quotes of premarket gap? Thanks in advance.
https://www.bloomberg.com/quote/EURUSD:CUR
  • #1,099,265
  • Mar 26, 2017 12:07pm Mar 26, 2017 12:07pm
Quoting tstivers
{quote} I'd like you to ask yourself if it's me who is looking for an argument here, or if it's you who is choosing to read my messages looking for an argument. My post was pretty clear. If you bothered to read it, I think you would realize how stupid you sound right now.
I am not one with huge experience like some guys here but i understand this already. Any tool that seems silly at first, like Fibo seems to you, you can improve on it and keep getting better at it until one day you find that you perfected it. I believe this is true for everything, any system that is out there. Experience...nothing beats it! And i think these guys here misunderstand you...you are just looking for concrete answers, something that makes sense to you. But it won't be for a while that this will happen because you lack experience. Don is probably on such a higher level than you that he doesn't even understand what you are asking. It might be best to just listen to him and others and hopefully they explain in a little more detail what they are doing. But start by listening, even if you don't get it.
  • #1,099,266
  • Mar 26, 2017 12:09pm Mar 26, 2017 12:09pm
Quoting Stillearnin
{quote} I am not one with huge experience like some guys here but i understand this already. Any tool that seems silly at first, like Fibo seems to you, you can improve on it and keep getting better at it until one day you find that you perfected it. I believe this is true for everything, any system that is out there. Experience...nothing beats it! And i think these guys here misunderstand you...you are just looking for concrete answers, something that makes sense to you. But it won't be for a while that this will happen because you lack experience....
That's exactly what I'm trying to do. But some people only read what they want to hear. And it appears what they want to hear is an argument.
  • #1,099,267
  • Mar 26, 2017 12:18pm Mar 26, 2017 12:18pm
Quoting yanitsa
{quote} https://www.bloomberg.com/quote/EURUSD:CUR

Also:

http://www.cnbc.com/quotes/?symbol=EUR%3D&tab=summary
  • #1,099,268
  • Mar 26, 2017 1:24pm Mar 26, 2017 1:24pm
Quoting tstivers
{quote} So you're saying you use fibs like this, then? {image} From what I've seen on your charts, you use them like this. I've yet to see a chart from you showing that you use them like the previous image. {image}
Not at charts atm, but the second picture is wrong, it needs to be from top to bottom if it's on a swing...

The top picture is right but you are now too zoomed out and because the swing is from a while ago, the new swings will cloud your vision... I will show you what I mean again later
  • #1,099,269
  • Edited 1:59pm Mar 26, 2017 1:32pm | Edited 1:59pm
Quoting tstivers
{quote} I've engaged in one actual argument on here. Voicing your experiences and perspective isn't arguing. Asking what I'm missing couldn't be further from arguing. It's asking what I'm missing. It's accepting that I'm not getting something, and asking what it is. Why do you equate that to arguing?
Your question "what am I missing" has been answered many times by now. At least one time by me, in a friendly manner, and by one other guy who prefers a more direct approach to answer your question. (appreciate the tough love he gave you. In a real environment... oh my... you'd get to see the 4 letters door very quick)

But to answer your question one more time:
"what do I miss"
- Knowledge, Experience, Patience (comes with time)
- the right mindset (can be changed, but chances are very low to be honest)

edit: I wanted to add, what you just said to Connors up there. You were talking to one of the best traders you come across in here and you'd be good advised to listen to him.
Don, myself and others gave their very best to explain Fibs to you, what they are, how to use them, what to do and what not to do.
But you just don't listen! You argue, all the time. When exactly do you plan to start learning?
You argue with people who do this since a long time, we paid our dues. So at least start asking the right questions please.

cheers, Teek
you are not expected to understand this
  • #1,099,270
  • Mar 26, 2017 1:37pm Mar 26, 2017 1:37pm
Quoting tstivers
{quote} So you're saying you use fibs like this, then? {image} From what I've seen on your charts, you use them like this. I've yet to see a chart from you showing that you use them like the previous image. {image}
Fibs are useless and very subjective if you can't spot swings. I can't (for 5 years now) and don't use them other than some experimenting (and not trading) and 1-2-3 patterns where you only need 0/50/100/150 which are not exactly fibs but drawn with the tool. If you don't get them switch to another tool which is more convenient to you.
  • #1,099,272
  • Mar 26, 2017 2:05pm Mar 26, 2017 2:05pm
My advice to beginners: Don't use Fibs until you have confidence in them. Use SL instead.

I have used Fibs again and again. Never see it as any use to me. Except bla bla bla bla .......

Don't waste my time teaching me how to use Fibs
  • #1,099,273
  • Mar 26, 2017 2:07pm Mar 26, 2017 2:07pm
I just checked xe.com and it shows EU at 1.0814....I hope it opens there and shoots up!
Let us talk forex.
  • #1,099,274
  • Mar 26, 2017 2:11pm Mar 26, 2017 2:11pm
Quoting Don96
{quote} highly un-likely if you think that EU goes to 1.0870 then down 800 pips next week... unless something serious pops out the woodwork... i'm wondering why you think it must visit 1.0870 first? not saying it wont, just wondering why you think it must do so before a drop.. Hilmy pointed something interesting out in the grand scheme of things, if the trend is changing perfect circumstances would lead to this... {image}
SL hunting. And trap those 1.06 shorts as long as possible. Looks like yoyo 1.860 then 1.0720 back and forth before breaking out to 1.10 or 1.05
  • #1,099,275
  • Mar 26, 2017 2:12pm Mar 26, 2017 2:12pm
I just checked xe.com and it shows EU at 1.0819....I hope it opens there and shoots up!
Let us talk forex.
  • #1,099,276
  • Mar 26, 2017 2:14pm Mar 26, 2017 2:14pm
Quoting Prospect
I just checked xe.com and it shows EU at 1.0814....I hope it opens there and shoots up!
Not so quick. The most is 1.0890. MM's like to play a bit. Why not? So long as it is profitable.

If you look, 1.0960 then BAM 1.12. Bye bye 1.10
  • #1,099,277
  • Mar 26, 2017 2:15pm Mar 26, 2017 2:15pm
Quoting Connors
{quote} Some gap with EU..
It is much easier for EU to move up during a Gap, than a normal move. I am pretty sure if it opens at 1.0815+ people will short out of the gate.
Let us talk forex.
  • #1,099,278
  • Mar 26, 2017 2:15pm Mar 26, 2017 2:15pm
Quoting Don96
{quote} Not at charts atm, but the second picture is wrong, it needs to be from top to bottom if it's on a swing... The top picture is right but you are now too zoomed out and because the swing is from a while ago, the new swings will cloud your vision... I will show you what I mean again later
Yeah the first image I just used as an example for fib retracement. I'm still not sure you understand what I'm talking about when it comes to the first image. In the first image, I'm not considering support/resistance levels. I'm using the fib retracement to find a point at which I buy, and anticipating an extension or continuation of the trend. I'm predicting that extension based on the retracement. But the first image is a poor example. It was simply what I found after scrolling back a bit through the charts. It's basically following the trend. Trends supposedly go up, have a retracement, go up and make a higher high, have another retracement, etc until the trend ends.
  • #1,099,279
  • Mar 26, 2017 2:19pm Mar 26, 2017 2:19pm
Pretty light week for EU, looking for a sell trigger....not much to see until Thursday final GDP

AU at the top of the range, not much reason to break up- fundamentals still the same, also a decent sell....looking for a trigger there as well
  • #1,099,280
  • Mar 26, 2017 2:22pm Mar 26, 2017 2:22pm
Quoting tstivers
{quote} Yeah the first image I just used as an example for fib retracement. I'm still not sure you understand what I'm talking about when it comes to the first image. In the first image, I'm not considering support/resistance levels. I'm using the fib retracement to find a point at which I buy, and anticipating an extension or continuation of the trend. I'm predicting that extension based on the retracement. But the first image is a poor example. It was simply what I found after scrolling back a bit through the charts. It's basically following the...
Yes I have levels on the fib which I consider support... but I gave additional levels at which I will buy or sell... I will show you in a bit what I mean m
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