- Search Energy EXCH
- ThomKnight replied Apr 30, 2010
Very nice i had been tracking that fib for sometime... you see something like that and well.. head on a north bound train!. TK
Fibonacci Paradise
- ThomKnight replied Apr 30, 2010
Why in the name of all things holy is there an open short on this fib? This is a long fib with shorts closed out... were you gambling? The 138 touch closed out shorts on this fib...and there was no other pierce to activate shorts...blimey mate! you ...
Fibonacci Paradise
- ThomKnight replied Apr 30, 2010
I normally only have one PERHAPS two fibs on my chart at anytime. I will set my charts up mayb e plot a daily and trade the hourly mate.. or if it tickles me.. I will just fib an hourly and drop down to 15m for entries. IMO the wrast muck up that ...
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- ThomKnight replied Apr 28, 2010
G'Day! Looking like it is going to be a LONG day eh mates chuckle. TK EDIT i am eyeing 147 if we can move the the room today.
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- ThomKnight replied Apr 27, 2010
No worries mate! Actually I might reccomend sticking with what you have..the whole concept of when xyz doesn't work smacks of trade hunting but if you have extra time it is an extra pull style. At any given time there are infinte valid fibs in play. ...
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
Something along those lines mate! There is actually a fib pull where during the magical unforseen random chuckle collapse a 0 was pierced then the most recent high was a spot on failure off of the 100 lines. Sometimes you can have the proper fib to ...
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- ThomKnight replied Apr 27, 2010
hahaha fill in yer lines sonny jim those ghosts lines are wonky heh just joshing. look at the 38-100/0 before peirce.. the fib pull style is valid and this fib is valid... but if it is out of your wheeelhouse at the moment.. dont worry about it , ...
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
try this.... take a fib... and at the historical high on a monthly put the 100 at lik 15282 ish the bottom of that cluster... then pull till the 138 is at the historical high... you have just 138 fibbed. and look for confirmation... post it and see. ...
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- ThomKnight replied Apr 27, 2010
Also on a monthly 138 from the record high we just signalled to 1.25 ...but i think we should go much much lower then that over time. TK
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- ThomKnight replied Apr 27, 2010
very clear 61.8 EU portrait on the weekly gents. Hopefully you saw that..that was a weekly trade i would have taken if i wasnt in much earlier off of a bigger fib. TK
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- ThomKnight replied Apr 27, 2010
100....38... candle boxed in between the 38 and 61.8... bang up! Respect of you fib is a very good indi as to the lay of the land. also a side note... look at the steep downward angle of price momentum... a good fast move. TK
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
hat is just how i personally trade these days. D1 candles not in any way i have seen here as of yet or h1 sets as we are doing here... mostly for the sake of time h1 is preferrable. there are tons of ways to use the skunny fib once you know how it ...
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
Yes you ahve to do what suits you the best. It is based on how much drawdown you are cozy with mate. something to also look for a horse of a different colour... if you for fit the 61.8 after setting the anchor... and it cleanly in one fell swoop ...
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
as a pro ( whatever on gods green) that means... greed fades...in a sense..and you never get here (again whereever that is) by being greedy. So snip it now. Alot of chaps came to this thread ,erm, Skunny's thread because of instant overnight ...
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
Oy! having been round the mountain and into the glen .. to turn a phrase.. i focused on all the fancy dancers... but I ended up mostly trading single candles D1 and h1 simple sets. If you use the unifying principal of the 100% trade... why make it ...
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- ThomKnight replied Apr 27, 2010
Be cogniscent of the larger fib...but in all reality if you see something you like you are in an 'on" fib the larger fib may just pause it for a wee minute TK
Fibonacci Paradise
- ThomKnight replied Apr 27, 2010
Spot on...that one was a full cycle and happend to work both ways...if you had spotted that it would have been easy living for for a little while. Again if you see it take the target and reverse you can "gamble" trade by placing a reverse oreder ...
Fibonacci Paradise
- ThomKnight replied Apr 26, 2010
If one for what ever reason was unsure the pippy rejection of the 38 was agreat entry point where if you care about rr at the point could go madcap since it pierced then reconfirmed on that failure but the zero breaks works just fine. You seem to be ...
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- ThomKnight replied Apr 26, 2010
Good eye! I get all misty when I see that 61 50 set up Tk
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