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Nut replied Jul 18, 2018I must search for that book it could be interesting and perhaps informative, several decades ago 1994!! that was just yesterday.
A little bit of give back
- Nut replied Jul 18, 2018
Hi, if you start at post number1 you will see I am using complete swings. This caused confusion for some people so to try and simplify things I introduced a system using the last bar in the swing and working from there. In the end it is all the same ...
A little bit of give back
- Nut replied Jul 17, 2018
This is my own interpretation of Fib's. I adapted the model of the golden mean to fit my needs as this relationship is mathematically correct. Regards Nut
A little bit of give back
- Nut replied Jul 17, 2018
An update The lower chart shows how you might take an internal measure looking for a minor bounce.
A little bit of give back
- Nut commented Jul 17, 2018
CMon FF. At least try and post "Headlines"!! that are not complete bollocks. try this one for example. May faces defeat as Labour backs customs union amendment Labour to back amendment that would force UK to join customs union if no trade agreement ...
UK will be leaving EU customs union; Brexit vote 'legitimate democratic exercise': Govt...
- Nut replied Jul 16, 2018
First see post 227 and ensure you understand the model of the golden mean in both an upward and downward direction. See the charts of todays GBP/USD 15Min. The white line shows my initial starting point the green lines are my bid/ask lines. Compare ...
A little bit of give back
- Nut commented Jul 12, 2018
The important relationship here is between the UK electorate and it's politicians, nothing to do with the EU
Brexit White Paper stresses the UK can't have it all
- Nut commented Jul 10, 2018
And all they had to do to avoid all of this was honour the result of a referendum, after all they did ask the advice of the electorate and where give clear direction
Two of Tory vice chairs, Ben Bradley and Maria Caulfield, are quitting in protest at Chequers...
- Nut replied Jul 7, 2018
Basically yes but we are looking to maintain a ratio of 1.618. -61.8 is the same as positive 38.2 up from -100. ( -100) - 61.8 = +38,2 so a minimum target should be in this case the 0.00 level as we still have 61.8% to add to 38.2 to establish a ...
A little bit of give back
- Nut replied Jul 7, 2018
Yes, it's only a variation and as you know there are many. I like this method because it consistently uses the basic concept of the golden mean in line with Fibonacci's original work. Trust me when I say if I knew the holy grail I would tell you. If ...
A little bit of give back
- Nut replied Jul 7, 2018
Both methods will work but measuring the last swing low to swing high is quicker. remember every length has a golden mean at 61.8% followed by a 38.2% which equals 61.8 + 31.8 = 1 but the ratio of the two distances will be, 61.8/38.2 =1.618 : 1. ...
A little bit of give back
- Nut replied Jul 6, 2018
Thank you I shall continue to help the real players on FF if I can. Have a great weekend everybody.
A little bit of give back
- Nut replied Jul 6, 2018
Quite right it is only about pips at the end of the day
A little bit of give back
- Nut replied Jul 6, 2018
Raedmaa please review the attachment showing an expansion beside a retracement. As you can see you did not plot the 200% level on the retracement tool but lept directly to 2.618 which created the error cheers Nut.
A little bit of give back
- Nut replied Jul 6, 2018
For my part this thread is now closed so you need to take what you can from it and experiment. Good luck to you all Nut
A little bit of give back
- Nut replied Jul 6, 2018
I agree I have shown you an easy method but I cannot and will not define your trading style. Without wishing to sound abrupt you can define your own style logically using the Fib expansion or spend good money on a crap book and let somebody else ...
A little bit of give back