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- Trader613 replied May 26, 2010
Fellow Traders: — video ...it's just hard for me to do both: trade and post; I hope I have covered most of the things in this thread; with regards to Money Management and Trading Psychology, there are plenty of good threads and posts here on ...
Fibonacci insights
- Trader613 replied May 26, 2010
Soybeans Futures, Daily Chart — July, 2010 contract
Fibonacci insights
- Trader613 replied May 26, 2010
Light Sweet Crude Oil Futures, Daily Chart — July, 2010 contract
Fibonacci insights
- Trader613 replied May 26, 2010
Dow 30 - Daily Chart — Fig. 1 showing an 'up-Fib' which turned into a trend reversal, breaching the 38.2% Fibo projection level (Renew Fib old INVALID level) thus becoming a 'down-Fib' as is shown in Fig. 2 - therefore the Fib tool is now ...
Fibonacci insights
- Trader613 replied May 26, 2010
other Asset Classes — Thank you Sim, I will see what I can dig out on charts to show same examples. EDIT: added XAU Daily.
Fibonacci insights
- Trader613 replied May 26, 2010
- shallow bounce - — price keeps bouncing off shallower and shallower retracement levels - but gets stuck again at the extension level handles - ...the 'Market story' continues....forever: risk management is all there is.
Fibonacci insights
- Trader613 replied May 26, 2010
...trend this time staying in place.... — as price is able to make a new swing high, with a thereafter 61.8 bounce - trend is therefore 'in tact again'.
Fibonacci insights
- Trader613 replied May 26, 2010
...and another NEW UP FIB — another new up fib - again - showing a deep retracement - (ref: V-Top) thus could mean/be a first sign for a trend reversal if price cannot make it over the REJECTION LEVEL, or 'worse' : price gets 'rejected' at the ...
Fibonacci insights
- Trader613 replied May 26, 2010
and again, TREND Reversal - up fib — new up fib - with shallow retracement - being able to make new highs and price taking off to the upside handles...
Fibonacci insights
- Trader613 replied May 26, 2010
...NEW down fib — new down fib - and again - (same principle as pointed out before in this thread) high retrace with early rejections (ref: V-bottom) price bouncing off the PT D level, and reverses again - the waves continue, wave after wave.
Fibonacci insights
- Trader613 replied May 26, 2010
...second attempt failed, BUT — ...this time price bounces off of the 30.9 retracement level - which is a much shallower retracement - and finally being able to make new lows...
Fibonacci insights
- Trader613 replied May 26, 2010
...again, — the market bouncing off of the Retr. A handle, going through the PT C and PT D barriers (the 38.2 and 30.9 Fib levels) and trying to make new lows on a second attempt...
Fibonacci insights
- Trader613 replied May 26, 2010
Please excuse, wanted to show some more samples: — GBPUSD M1 - down fib - 50 retrace - price bouncing off the REJECTION LEVEL-handle; price making lower highs - fresh lows and is only able to reach Extension Rejection Level II (a very ...
Fibonacci insights
- Trader613 replied May 13, 2010
Practical application II - going over some points — Hello and welcome back! ...it is generally a good idea to have 2 charts open in the same time frame so that you may be able to draw a Fibonacci Retracement study the 'opposite way' as well - ...
Fibonacci insights
- Trader613 replied May 12, 2010
Average Daily Range — ...very good indeed, It makes sense to keep half an eye on that too. (at post #45 you will find a Daily Range EA/Indicator)
Fibonacci insights
- Trader613 replied May 12, 2010
No, I am grateful... — ...that there are people out there who are wanting to become the best of the best!! Good luck Sim!
Fibonacci insights
- Trader613 replied May 12, 2010
'FF' — Hello Dave! The quesiton is not 'where' but 'how'. Yes, I mean it. Let me explain: Forex Factory is a great place. So many people bringing so much material to daylight - it is wonderful and amazing! That's the easy bit. The 'How' is the ...
Fibonacci insights
- Trader613 replied May 12, 2010
''Edge'' — Hey Bemac ...''nobody is perfect''*; though the slight difference of just 0.008% is negligible! :nerd: *hint 1) A word about the ZigZag logic: (a few thoughts actually, if I may) - (side note) There are a number of versions of ...
Fibonacci insights