the way I use MACD is to look at market momentum and emotion. Zero line cross or other gismos serve no purpose to me. If you look at closely, you can see the exact psy stage of people. denial, anger, acceptance, and etc etc. once you get a grasp of ...

Ellioticians

I dont understand why people can't just trade the price. Japanese rice traders did it, pit traders did it. Market is full of partipants with different bank rolls and different objectices from different time horizon. Do you really believe that a ...

Anyone Use Fibonacci?

whatever method that makes you feel comfortable, and suitable for your money mangement, you should go with it. When a market dips to your fib level, your guess will be just as right as anyone else' guess. Many of the most succesful traders do not ...

Anyone Use Fibonacci?

If it is so self-fulfilling, who is losing all the money. Everyone in the world and grandma will be buying at those levels. sure winner right? No matter how much you combine MA, fib, moon cycle, rabit expansion, this market always will be made up of ...

Anyone Use Fibonacci?

Akuma, that is the point i am trying to get.

Anyone Use Fibonacci?

hey Lou, sorry to bust your bubble. if Fib is as magical as all these grail sellers claims it to be, why bother selling these books for a profit? why not just sit home and make millions. Fractal geometry has a certain correlation with the market, ...

Anyone Use Fibonacci?

To put it in perspective, you have to have an understanding of the market, and its general direction first. FIb level can only give you a objective profit, stop loss level. never use it as your entry techniques.

Anyone Use Fibonacci?

if you draw 5 random lines across a retractment, you will bound to hit the price at some point. Price is your only the reliable indicator. maybe momentums.

Anyone Use Fibonacci?

Dont think i am an expert, but I can tell you by plotting a 5, 34,1 MACD on your chart will make you life much easier. generally, wave 3 will be the highest peak. During correction,s you will see peaks next to each other. etc etc. hope it helps.

Ellioticians

well, I did read the book. guess will have to read it again. thanks guys though.

a terrific book

so I guess there goes the theory that market is manipulated. I guess in a way it is. When JCB buys 10 billion dollars back, dollar will go up but I think fractal geometry will do best at predicting the market. anyone ever read up on Hurst's stuff?

Price action pattern, and random thoughts

Thanks for all the info guys. I was looking at Euro COT, and it is showing that Large speculators and Commercial has reached record divergence. what do you guys make of it?

A volume subsitution for spot

Thanks Serj. couple of questions. first of all, how did they come up the number of lage professional traders. On the COT reports from US government site, there is only the difference between commercial and non-commercial. second, do you get the ...

A volume subsitution for spot

so do you guys attempt the normal TA for crosses as well? a market is a market right?

Crosses and other thoughts

So Am i right to state that crosses are not as news driven as USD related issue? For example, EUR-GBP charts does not whipsaw as much as others, and it is less volatile. Why would not one just double the contract size to trade it instead of looking ...

Crosses and other thoughts