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- ThomKnight replied Jul 23, 2010
so to build off of the hits bounces etc.... here is my GY chart that said ahoy get into that move now... there was also a closure out on a smaller time frame to the short side at the 50 line... by using the 61.8 property to the left of the low ...
Fibonacci Paradise
- ThomKnight replied Jul 23, 2010
MD — short GU? chuckle.. I knew something was amiss. the scaling on my charts is all off what i see and snap a pic of is not what posts.. hmm at any rate here is another view of gu and a completely valid fib for going long from. No doubt it ...
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- ThomKnight replied Jul 23, 2010
Eggster, I think the disconnect is i need a pip perfect or obseravbly so hit for a bounce and I hunt until i find one(there is ALWAYS one).. if price cruises through a level say 20 pips then 'bounces off of it.. that is too fuzzy for me. I ...
Fibonacci Paradise
- ThomKnight replied Jul 23, 2010
Mate that is not free form at all
it is using the property of nearest SR and 61.8... and as you will find the charts are deadly accurate. You see a bounce off of a daily sr line on a triggered fib and you can decided to enter it there with a tight ...Fibonacci Paradise
- ThomKnight replied Jul 23, 2010
I do that sometimes if I am not sure. without getting all dogmatic and triggering the ire of some folks.. there are no false moves.. but there are moves you may not be able to track(based on skill) that close out and you may feel it is a signal to ...
Fibonacci Paradise
- ThomKnight replied Jul 22, 2010
with MM there should be no fear.. and MM is a great stop gap until you know what you are doing..in which case knowledge means no fear... in fact most traders never really know what they are doing(or how the market works) but manage to make very ...
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- ThomKnight replied Jul 22, 2010
something to look at when deciding when and where to get long on GU... this boxes in price at the moment.. showing the pushes off of fib SR. TK
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- ThomKnight replied Jul 22, 2010
hm. I stick to a few set ways of fibbing as to not go completely free form.
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- ThomKnight replied Jul 22, 2010
me neither! I have had a lot of sets where I would bet my dog it was wrong.. because it felt wrong and ... well it twasn't i was. The way to arbitrage the risk on that massive range relative to most trading accounts... is find a smaller fib pointed ...
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- ThomKnight replied Jul 22, 2010
your range is daft on that mate.. try shortening it up and you may have more nimble, less white knuckle trades.
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- ThomKnight replied Jul 22, 2010
I see that short GBP too and i can;t help but feel I missed something..closing out short mate, but so it goes.. I suppose it doesnt help I am in a move in GBP/JPY to 137 atm. Oft times it feels wrong so i just have to stay out even when the fib ...
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- ThomKnight replied Jul 16, 2010
Long term trades — Soone once asked me about how you take longer term trades...pips are all the same 20 or 20000 but sometimes it is nice to walk away for a while or you may get insane risk reward allowing you to make a single trade a year a ...
Fibonacci Paradise
- ThomKnight replied Jul 16, 2010
Tell me someone took this gy fib... I am a little sour i didn't trade it but friday and what not. Perfect fibs. the last upmove into the massive short off of the larger 100 rejection... just like reading a script or a play by play in sports. Also ...
Fibonacci Paradise
- ThomKnight replied Jul 16, 2010
not predicting mate... the charts said it was to be. 1.37 is to be as well. so is 1.63.it is as inevitable as death and taxes. I don't always "fundamentally" believe the fibs.. but they are right. Fundamentals though are complete tripe to being ...
Fibonacci Paradise
- ThomKnight replied Jul 15, 2010
well... i mean there is almost no logical sequential reason in my eyes for your blue to be where it is...but my thought is.. do what works for you mate. You will never be successfull unless you do that this is where the gy one hour is currently... ...
Fibonacci Paradise
- ThomKnight replied Jul 15, 2010
this is the best i could make out of this rats nest. going into friday... count me out. Rather wait to load long. TK
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