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- ThomKnight replied Jun 21, 2010
Md, I am going to walk through a trade I took using a standard fib tool. So we never trade mkt open... but sometimes we do.. chuckle i was just tracking this... I expected the "gap" to fill.So after that price action i fitted my 61.8 to it.. and it ...
Fibonacci Paradise
- ThomKnight replied Jun 21, 2010
No worries mate I hear you. the biggest issue and one of the reasons i almost scrapped fibs.. was because the RR was piss poor. I could take break out trades all day long and just murder the market. ...then i got lazy when i didnt feel the need to ...
Fibonacci Paradise
- ThomKnight replied Jun 21, 2010
Gu — here are two view on GU right now..personally i would be expecting somesort of retrace TK
Fibonacci Paradise
- ThomKnight replied Jun 21, 2010
Nope well sometimes if I feel it will be a faster move I might load up..why price does that is because it is completing some fib cycle then snapping back to its overall target. If the fib is triggered is the only thing I care about for setting ...
Fibonacci Paradise
- ThomKnight replied Jun 21, 2010
Mate, I am late to the party but unless and since this is quite possible since it seems so daft we are long for thousands . But yes that fib is the first move and pierce. While I am here I recall a post about you getting all mixed up what is going ...
Fibonacci Paradise
- ThomKnight replied Jun 16, 2010
G'morn On hols with the fam this week I trust you chaps are doing well. I am punting this week but an eye peeled has us on track eh? I am going to tuck into some breakkie. The reason I trade 1 hour or candles is because if you put some weight behind ...
Fibonacci Paradise
- ThomKnight replied Jun 11, 2010
this is the last move i followed with price.. Killed my "almost" breakout trade. Chuckle. If the mkt was still open the 138 candle and the candle boucning from the zero 100 form the current trading range. TK
Fibonacci Paradise
- ThomKnight replied Jun 11, 2010
A solid 90-100 pip break out should be nice and clean from yellow box.Old school PASR trading. Not a fib trade per say except direction perhaps... TK
Fibonacci Paradise
- ThomKnight replied Jun 11, 2010
40 pip 15 minute swing fib just got found. that isthe rub on swing fibs.. have to be recognized.
Fibonacci Paradise
- ThomKnight replied Jun 11, 2010
Zounds like what? keep it simeple dont go squirrel farm mate!
Fibonacci Paradise
- ThomKnight replied Jun 11, 2010
'day mate.. no need for walking it is unecessary(for me)..hopefully this picture helps you. I have checked a few feeds... i think it is just that you "might" be being too anal about data or just that MBT data feed in wonky... I have seen chaps... go ...
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
Nice and simple works for me. Don't need to be a Degas or Hawking to trade Skunny fibs
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
I am pulling a bart right now gents making a turn call, but I will damned if these eyes are not seeing 169 on gy. How? Why? I could't say. next up 143... this goes completely against logic.. TK EDIT... the third extension p[uts it at 190... and the ...
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
Ha of course mate I will be watching!!! Yes my thought it skunny whittled it down to is most simple tradeable form for just such a reason. It is not palatable and quite often difficult and confusing!
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
Smaller term "practical" this i did trade and here is how. For some reason this thing likes to or rather i like it to retrace to 1.618 and turn.. i don't why... i had been mucking about set this fib up from the first 61.8 pull area after the fact.. ...
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
Of course mate! well.. you most certainly may look either way! I default to forwards but since sr is everpresent it doesnt matter. Here is my current EU 138 61.8 fib which has been moved up a few time this week.. ... here is the large frame work... ...
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
The fib is like a book...this may or may not make sense to folks... i have binned this eggy mega mess whatever fib a long time ago because i frankly couldnt figure out the basic 138 the reason why this is intensely interesting to me is because.. A.) ...
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
We will have to roll up our sleeves and get to work mate. here is my long term aud and after about... 48 + hours staring at this stupid fib.. I roundabout know what i am looking for as far as retraces etc to get into moves.. hence making it a hyper ...
Fibonacci Paradise
- ThomKnight replied Jun 10, 2010
Your fib worked mate... i just wouldnt have chosen that candle as and anchor great s but dubious(not bad since the candle fell apart next move...but just not what i like to see) r for this gent. First chart is how i would have played it... other red ...
Fibonacci Paradise