Holding the 50% so far,no hourly close below yet, still buyers around. Thinking thats it for todays down move but then i'm done for the day so i don't really care.

EURUSD

Had a buy order at 84.55 in the hope it would spike down to the 50% retrace but it never got there. Don't want to chase it but i'll be looking to get long on any pullback,86.50 would be nice. First target would be around 89.80

AUD/JPY

[quote=jezek5;5485937]Hey Killer,testing that line on DX gives me a run up to 3300,maybe 3425 with slippage on Fiber,from there i have no idea and all sorts of tape bombs can change everything as you well know mate. Still holding 2 longs from 3050 ...

EURUSD

The only thing that could cap any Fiber strength here is that historically March has been a Dollar positive month,capital flows favor the Dollar in March over the last 40 years,time will tell. Good weekend all.

EURUSD

Hey Killer,testing that line on DX gives me a run up to 3300,maybe 3425 with slippage on Fiber,from there i have no idea and all sorts of tape bombs can change everything as you well know mate,just a bit of weekend charting fun. Hope you're feeling ...

EURUSD

Link posted last weekend. So we held above 1.3000 and with that done there was only one way for Fiber to go,DX closed below that old resistence(blue line) giving us a good chance of testing that pink line again this coming week. From there i will ...

EURUSD

Ok,TP filled at 3095 on the runner so thats 94 pips from the 3 range trades and the break out trade. Nice day,all.

Fibonacci is like a guessing game

Hi Forexnuts,perhaps you'd like this chart for future ref as well. Like i already said i'm only interested in the 50%,i've taken out the other levels just for you mate. Blimey,i lost a vouch for not explaining myself clearly,never mind.

Fibonacci is like a guessing game

Cheers Pipmut will do that,once the burning red face has gone away Sorry if i've misled the OP,the thing is i only watch 3 levels,the 50% pullback,the break out level 100% on mine but really 0% and then the target level.

Fibonacci is like a guessing game

Yes i can now,there was no chart there when i replied to you,thanks.

Fibonacci is like a guessing game

Also there is no difference which side you draw them, the 50% will be the same,just get a chart and draw it to see but drawing them your way doesn't give you a target.

Fibonacci is like a guessing game

Sorry but nop,i was playing the 50% pullback so the fib was drawn from where the pullback started. Like i said before,its knowing the start of the pullback thats all important. This way you get the level to sell 50% and a target 161.%

Fibonacci is like a guessing game

Here's a daily chart,as you can see the 50% is at 3052 so this level needs to be watched to see if we can bounce up from the pullback, fibs just give really nice levels to work with but as with anything in the market they don't always work. ...

Fibonacci is like a guessing game

The only real trick with fibs is to find the start of the pullback before it completes and get your fibs drawn in, then look for a price reaction at the 50% for a continuance of the short term trend, targets and stops should be really clear which is ...

Fibonacci is like a guessing game

Strange times or not the pink line wins. A strong end to the week for DX,we're right at the top of the range,my thinking is DX spikes a bit higher and then pulls back into the old range and tests that pink line again. That means Fiber needs to hold ...

EURUSD

LOL,i was looking at the reverse on Fiber, i'm not so sure that this one will play out, i remember one of them on the S&P a year ago or so i think,everyone was talking about it,even on cnbc and bloomy,funny thing was it failed big time.

EURUSD

I have it on a demo account with Forex ltd.com does the job.

EURUSD

It has served me well for a number of years it has to be said,after a while you really get to understand the old girl,a very important thing in trading.

EURUSD

I know some people think its crazy using a DX chart to help me trade Fiber but it showed this move really well,i would normally expect a bounce at the 79.10 level(pink line)so a pullback on Fiber, but these are strange times. Click the link to see ...

EURUSD