Just keep in mind whichever Fib level you take the entry from applying MM..(size of the trade does not matter) it should give you Breakeven stoploss.. Always protect your Capital..without that you are nobody! Be disciplined...I still find it hard to ...

The Really Useless Thread

I dont know Todd Gordon... I am not sure if its in any book the way I have drawn Fib to find ou wave#4 limits or reversal(short term) I figured and tested this while playing with fibs. To be honest ELLIOTT is in the background for me now..Fibs first ...

The Really Useless Thread

This is why fibs are needed and an understanding of it from wave pospective... fib relation..and one of your favorite indicator other than MAs and EAs. Here is One way to do it...To see if this long rally from 0% was the end of Third wave or the END ...

The Really Useless Thread

This game requires patience some times a lot of it...One should not trade every 5,minutes or even every Hour..

The Really Useless Thread

Dont do it unless you know the precise turning points... for swing or scalp...I do it cause I know my risk that is 1 pip and 10 pips in most cases.. Entry is important to break even if wrong....who cares about the profits...Take them whenever you ...

The Really Useless Thread

No fak No....Its at 37K right now...I mostly take 10 lots...30-50 PIPS if scalping when the swing comes along I take as much as 300 -1000 pips. I have 2 separate accounts. One for swing one for scalp.. 1.3379 -88..I may take the hedge off...may cry ...

The Really Useless Thread

What should I do now?..This is one of the reason why I hate hedging.. It funny $$ amount for sell position is decreasing slowly. Reversing with higher lots $$ increases a lot faster.

The Really Useless Thread

Too much watching 15 M chart... Take a look at 1 hr.... there could be a "v" in the making...

The Really Useless Thread

I dont do this all the time.... I did some hedging Calculations...so trying to see what happens. I trade waves along with fibs so hedging is something I can do although I had always been against it.

The Really Useless Thread

Fakkers.. S/L to B.E...

The Really Useless Thread

Patience...as long as 1.3326 and 1.3302 (if there) holds... You may see fridays low ..as much as all last weeks loss... all retraced.. Position Hedged.(nothing to loose)

The Really Useless Thread

1.3406 -15 Now...with fib resistence @ 1..3391 which is minor And 1.3447 is +- 10 pips.(1.3457) This could be a reversal point(descent size)..IMO

The Really Useless Thread

1.3303 may give a bounce otherwise 1.3283 is right below it.(based on 4 hr OS level) Upon breaking 1.3283+-10 pips not 11 ...stretch can be upto 1.3177...an OLD # months back just popped up again on the charts. I am interested to see how 4 hr candle ...

The Really Useless Thread

lots of people have an EYE on this 1.3280 level..if there, be careful..it can go lower to 1.3202... upto 1.3129+- 10 pips...MID here would be 1.3244.( bounce level) What you have mentioned could be possible... I would be patient to see if and from ...

The Really Useless Thread

1.3280... if broken 1.3202... resistence1.3413 then 1.3447 1.3312 is the MID...and a door to 1.3150...IMO.. I would like 1.3150+-10 pips.. 1.3280 needs to break by more than 10 pips..

The Really Useless Thread

Lol....sorry..

The Really Useless Thread

Lines and paintings will not make you money in markets( guaranteed).

The Really Useless Thread

Fib it right.....and the market is yours... Its all about Fibs....not the LINES.. BTW...Thanks...

The Really Useless Thread

Thanks....Khan sahab.. Thanks ... Fibbinarchie...(LOL)

The Really Useless Thread

...

The Really Useless Thread