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- ThomKnight replied May 23, 2010
Aussie — This is too good and too easy to not trade foe aussie traders. There is an earlier tgt i may take just get to bed . Cheers. TK
Fibonacci Paradise
- ThomKnight replied May 23, 2010
well to be fair it worked and i put the fib on my charts as if i didnt know.. and it looked like it was bang on and turns out it was.. but there was some drawdown since you were in the face of the wind so to speak... i dont like doing that ...
Fibonacci Paradise
- ThomKnight replied May 23, 2010
What mate... that completed....and was moving on the up train... are you saying you took it from the 50 bounce? well lessoned learned eh? chuckle. TK
Fibonacci Paradise
- ThomKnight replied May 23, 2010
I spose its as good as any but i dont know know what you are trying to accomplish...if you are trying to get a 15 minute set up to trade from open of mkt....well..
Fibonacci Paradise
- ThomKnight replied May 23, 2010
Skong — We obviously have different data but when i am doing what you were doing on friday with the EurYen .. something to test.. when i am pulling 61.8's like that when I have to cross mountains to get an anchor... well this is what I do... ...
Fibonacci Paradise
- ThomKnight replied May 23, 2010
Decent! Friday trading is dodgy though mate but nice work taking a countertrend trade!
Fibonacci Paradise
- ThomKnight replied May 22, 2010
EY 8hr — Nice start for next week methinks for those chaps not man enough to trade GY Chuckle. But it appear we have to the ticks hits on both so... good times indeed..an atleast temporary change is in the air. TK
Fibonacci Paradise
- ThomKnight replied May 22, 2010
Yes for MT4 and 5 I am running Vmware. I really have grown to love mt4/5 for charting to be honest.
Fibonacci Paradise
- ThomKnight replied May 22, 2010
Interesting. — I dont nor do I know anyone who does... trade EA , but a fib friend told me to take a look at it... and lo and behold.. off of a standard swing fib pull... a gigantic "coinkydink" where it stopped and turned aye?... Chuckle How ...
Fibonacci Paradise
- ThomKnight replied May 22, 2010
Nope I just meant the fib I was trading was based on a pull back to resistance validation of the 61.8 after pierce. If i had used that in conjunction with moving the fib back to the entry point opf my trade i had.. it would have looked like this(see ...
Fibonacci Paradise
- ThomKnight replied May 22, 2010
general fib lesson — this is back pull looking long to resistance... working like a charm on the way down but no go until it works on the way up...i want to see the respect on that upward journey before the pierce as well, 9 times out of 10. ...
Fibonacci Paradise
- ThomKnight replied May 22, 2010
61.8 — Still Thoms favorite move here is something to learn about it...lets say for a lark we wanted to use it on a larger chart of say...oh EU... there is no immediate price to do so...well sure price is static and fibs are as well so we zoom ...
Fibonacci Paradise
- ThomKnight replied May 22, 2010
EU — bar none the easiest pair to trade and a long time favourite for that, Here is my take on EU I could be missing something as always. I took the W1...then tracked the d1...then zoomed in h1 and now i have my current h1 tgt.I do NOT do this ...
Fibonacci Paradise
- ThomKnight replied May 21, 2010
It had already violated the zero yes because it violated recent sr retraced to 61.8 BUT caveat emptor those i use a tight stop on. fitting to 61.8 and taking it at the breach not really.Hence 61.8 to breach is superior for me. I wasn't charting that ...
Fibonacci Paradise
- ThomKnight replied May 21, 2010
I have always found... all the university in the bloody world doesnt meet muster to a day on the job. TK
Fibonacci Paradise
- ThomKnight replied May 21, 2010
I use those when i do for tracking the 61.8 for me is the magic property so I would have pulled to the 61.8 then i always shift click and tug back.. in this instance... set up your 61.8 would have illuminated a triggered trade and you would have had ...
Fibonacci Paradise
- ThomKnight replied May 21, 2010
No worries Mate! I will take a pint of bitter anyday. Just give back that is all you should do. Once you can trade where the market is free money by and large give back to those who are less fortunate. Teach other chaps to trade donate some lucre to ...
Fibonacci Paradise
- ThomKnight replied May 21, 2010
there is no reason for either fib 2... fib one hit to the tick and never breached... why would they be there? if you were on your ps and q's and pulled this back and down.. you would have been short on a smaller time frame from the rejection of the ...
Fibonacci Paradise
- ThomKnight replied May 21, 2010
Example — This is one of my Daily GU's. I am long and i have a target. So I will drop down in h1 and look for longs. On my h1 the blue box is where i would like to take my long from it. It could gap into target or just go straight to target ...
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