Hi Misterdaz, here is a chart to consider, because the current move down seems driven by...something not sure of right now. So, I am sticking with the last fib extentions on the 4H and just added the latest move, too. Euro is being driven into the ...

(binned per thread starter's request) For What It's Worth

LOL -- get 'em!

Technical Analysis Fallacy

Hi fti, I hope you are well and it is good to hear from you. It is getting warmer here so summer is upon us. I think your comment about ECB is very telling. Where have they been the last few weeks? They seem to be not in control now, which is not ...

Technical Analysis Fallacy

I am seeing 1.2986 right now, and still drifting lower, so BIS is not in yet, but would expect to see the ECB jump in soon, perhaps coordinated with Fed, but as fti said, the BOJ may be out on Holiday this week. Interesting times, indeed.

Technical Analysis Fallacy

got it, thanks!

Technical Analysis Fallacy

Yep, this thing continues to move. Do you have anything below 3022? I have 3002, then who knows?

Technical Analysis Fallacy

There is a rumor making the rounds that Spain is about to ask for 230B Euro from the EU/IMF to handle their 2010 debt problems, and the assumption is that Potugal is not far behind. Just a rumor. I have been posting on another thread and feel kind ...

Technical Analysis Fallacy

This has to be my last post, because this is not very fun anymore. I am short the E/$ at 1.30977 on another .618 hit (fib the last strong resistance at 1.3114 to the low/support at 1.3076), and will take more profits soon. One last time, there is ...

Why 61.8%?

No, it was a low risk trade that ended at with no profit and no loss, after moving to +16 pips for a short while. The next entry south on the retest of the support was standard trading, taking what you see in the market. But, that karma thing is ...

Why 61.8%?

Maybe I can help. Where are trying to find a .618? Edit: I am trading this right now, and entered south on the break of the support at 1.3114 and a retest of that level, with my entry at 1.31124, and I took profit on the hit of the .618 fib at 3091. ...

Why 61.8%?

Well done! I am now long at 1.31165 off the support at about 1.3114, protecting the entry price.

Why 61.8%?

LOL <Square at 1.3131>

Why 61.8%?

Happy trading day to everyone. Just wanted to report that the fib bs still works today and my bs E/$ short at 1.3173 is doing ok, will take bs profit soon: image

Why 61.8%?

Chart progression from the post on 61.8% fib thread: Chart 1 shows the 1H analysis from this morning, with fib extensions inserted from the first pulse down. Notice that the movement is near the -.618, which is sometimes an exhaustion point for a ...

(binned per thread starter's request) For What It's Worth

LOL -- the current retrace from the low of 1.3154 has hit the .50 fib and bounded off to return to the .386-- LOL. I am done toying with you, Ted. It took you a long time to come up with the "I'm still in it" line -- lol. This has been fun. I closed ...

Why 61.8%?

I think your statements here will be better judged by the participants of this thread. Again, and for the last time, how many pips did you make on that trade, Ted?

Why 61.8%?

Ted, if you will send me a PM, I'd be happy to explain all those fib lines on my charts. I did not boast anything on my posts nor did I assume anything, except that the readers are able to read a chart. By the way, you are not a liar because I say ...

Why 61.8%?

Come on Ted, is that the best you can do? Look, I offered several examples of my trading style here, not to make myself look like the big king trader but to offer some newer traders some idea about how to use one of the tools in their toolkit. You ...

Why 61.8%?

Then perhaps you should retract your statement that you were able to predict the exact price level, since it is clear that you have not done so in a predictive manner. Perhaps you would like to tell us how many pips you made on that trade?

Why 61.8%?

All the way to the bank, my friend. The point is, every trader should find a set of tools that help them trade the forex, and then stick with them, even when someone with no trading experience tries to tell you that your tools are wrong or ...

Why 61.8%?