I agree they are not using the commonly known fibs, but they really are using the correct ones. Which are not fib numbers at all, except 3.

USD/JPY Discussion

"I have wondered the same, but, not really." LOLOLOL Trendlines used in a unconventional fashion can be a system all by themselves. And very accurate for projecting entries and exits, S/R, ABCD, 123, Elliott wave. Its just that most traders are ...

USD/JPY Discussion

Yes, you are correct on the input of numbers, an indicator nonetheless. As to overrated, I would highly disagree if it is used correctly. (which most do not)

USD/JPY Discussion

Fibonacci is an indicator.

USD/JPY Discussion

Right, this is what I was talking about, open of the gap bar. Crappy drawing, lol.

USD/JPY Discussion

Chris Pulver uses the same technique and I do too. I also use the open price of the bar that creates the gap. (bar 2)

USD/JPY Discussion

108.17 -108.37

USD/JPY Discussion

I would not look for TA to match up with News today, since manufacturers have switched to winter fuel production which costs lower to produce. Holding short to 1.3072 = 1.3053

USD/CAD

Long to 108.45

USD/JPY Discussion

Can't see clearly the image is too small but is that a stochastic? Spudfyre comes to mind.

USD/JPY Discussion

Markets are not random or chaotic they move because the Market Makers move them. And they move them in precise ways to cause confusion and mask their true intentions so that the retail traders cannot capitalize on their game. Algorithmic trading is ...

USD/JPY Discussion

Hit

USD/JPY Discussion

Pending Long 1.3187

USD/CAD

Long 1.3250

USD/CAD

image Drop was from the Jackson Whore Symposium, US open 8:00 am.

USD/JPY Discussion

He can fire Powell but he cannot directly intervene in the market per se. But he won't fire him due to political reasons. Should he? yes.

USD/JPY Discussion

Powell doesn't like to be bullied nor any other FED chair. He will do as he pleases.

USD/JPY Discussion

image image

USD/JPY Discussion

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USD/JPY Discussion