Yes, I see. fibs are very discretionary as long as there is confluence its what makes sense to you that matters. Some people use fibs at both levels and look for a cluster to find a 38 alongside a 61 for entry but that seems a bit delusional to me.

DanUK Simple EUR/USD Trading Journal 2009

GU — This is my take on GU. My 50% is around the 1.6385 area (Not sure how you got 1.6250?). The 50% area falls within an area where previous supply exceeded demand (there were more sellers at this point than buyers). Price is likely to ...

DanUK Simple EUR/USD Trading Journal 2009

News — Mr Bean speaks 2pm GMT....

Cable Update (GBPUSD)

Yeah I know, I was just chiming in with a different perspective (with a little sarcasm to boot -not aimed at anyone).

D1 and M5, which is noiser?

Time is money — I consider my time as a cost as any business would. If I have to sit in front of a screen all day to get a measly 200 pips on a 5 min chart then that trade has cost me much more than if I had put on a set and forget trade on a ...

D1 and M5, which is noiser?

Traders Trick Entry — I think the traders trink entry is superior with regards to trade management for the very reasons why you would enter before the Ross Hook. Take a look at the attachement. The Ross Hook in this instance is used as a first ...

Law Of Chart

Hi Don, your chart show's the RH correctly (but if you are trading off the weekly you would need 1K pip stop loss!). Feb just uses the break of a no. 2 point not a RH. Feb's rules are that you have to have a 30-40 swing to define a new trend.

Law Of Chart

Hooking — Hi Donfriday, This is a very simple pattern and is very similar to what Feb is using in his 'The System II (with Irony)' thread. You have all the info there in the file you posted so not sure what more you need to know. I don't ...

Law Of Chart

The Price Hike — BB, I thought a little about what you said to me in an email, about Jim treating his training as a hobby and that is why he didn't charge much. Well, after doing a bit of research it appears you are a little wrong. His ...

MAX Trading System

I think Dreamliner is trading a different system now. He has taken the Max trading course.

Hedge and Correlation Strategy

JR — This looks very similar to the camel back technique a la Joe Ross, without the macd, and relies on price action more similar to trading Ross Hooks traders trick entry, see attached.

Trendman scalping system

anyone know where I can get my hands on the atr channels indicator as seen in this fozzy ebook. Have looked every where to no avail. Thanks in adv.

Fozzy e-book - noobs can start here

Thanks for that. It is not excatly what I am after. The channel has just two bands and I want to use it as a volatility stop. I could just put in a bog standard atr and add or subtract the atr value to price based on a 70% atr for stop placement. ...

Average True Range Channel Indicator

I prefer just the levels

Psych Levels, Pivots, and Trendlines - Resurrected

GBP 5 min: A nice 50 pips this morning. Price broke through r1 and 1.600 level also a 61.8 fib on H1 (nice confluence), and dipped below 30 ema (Green). Exit at the pin bar and sweet spot area at 5933, also close to the area where the origin of the ...

Psych Levels, Pivots, and Trendlines - Resurrected

What is this!? Forex Boot Camp! This thread is more CAMP than BOOT !! Just kiddin Captain FEB !! PS: Discipline is a key characteristic to success. If only more people were disciplined in life in general, you'd have a lot ...

The System II (Yes with irony)

Nope, nothing wrong with them at all...

Psych Levels, Pivots, and Trendlines - Resurrected

[quote=Barry Cade;3111748][quote=Porkpie;3111666]Yeah, poor ol Floyd, but he had a great life it seems. I have dabbled in a bit of cookery in a previous life, in Spain in fact, with rave reviews on trip advisor (I ran a B&B in a place called Itrabo- ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yeah, poor ol Floyd, but he had a great life it seems. I have dabbled in a bit of cookery in a previous life, in Spain in fact, with rave reviews on trip advisor (I ran a B&B in a place called Itrabo- costa tropical). ...

Psych Levels, Pivots, and Trendlines - Resurrected

...throwing a dash of volume for good measure perhaps. Ever considered, trading is like cooking. Too many ingredients and you'll end up with a dogs dinner. Keepin it simple but imaginative by using a few ingredients and using them well is what its ...

Psych Levels, Pivots, and Trendlines - Resurrected