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- drumdude replied Jul 5, 2013
Again here is an example of the fib you are talking about that looks like it is failing, then when broken down in to the GR it does not appear random at all Getting statistics based on "zones" is VERY different from understanding what is ...
- drumdude replied Jul 5, 2013
Let me try and illustrate better If we call the yellow lines price, then wouldn't the *fib number/default MT4 tool* look "random and arbitrary where as the tool that is divided only in to the GR. Does that make sense? All I am showing here is ...
- drumdude replied Jul 5, 2013
The point I was trying to make is that when you break down the fib numbers (take 34/21) it comes close to .618 (lets call it .62) .....and what is that number? It is 62% 62% out of what? 62% of 100% What is left over? 38% 62+38=100 and this can be ...
- drumdude replied Jul 4, 2013
What is BayView trading? I think what most people miss when talking about "fibs" is that the numbers lead to Phi. ***The real discussion should be about the golden ratio. When you put the stock MT4 GR tool on your chart it makes no sense, in-fact ...
- drumdude replied Sep 26, 2012
H1 Long — Keep track of this one Yellow=Buy zone Red Line=Stop loss Green Line(horizontal)=Take Profit (use 5pips under for safety) Vertical line and purple square= When price will reach TP
- drumdude replied Aug 8, 2012
Long First TP .382 LVL If broken just keep the trade live till it stops at .382 lvl Green TP Red Stop
- drumdude replied Aug 9, 2011
D1 Long — Here you are friends Yellow:Buy zone Red:Stop Green:TP at .382 (If no swing high is made I will take it to the next .382 )
- drumdude replied Aug 4, 2011
Complete — Closed short from post:4828730 for now. On TP.
- drumdude replied Aug 2, 2011
If you have missed the short boat and would like to get in it, it looks like there will be a nice opportunity coming up in the next few hours....as long as this candle is a swing low. Here is the upward tracking chart: Once price reaches the green ...
- drumdude replied Aug 2, 2011
H1 Short Green:TP 100 lvl Yellow:SELL ZONE!!!! Red:Stop loss choice Edit-Wrong Chart!
- drumdude replied Aug 1, 2011
Ha had to set up the picture for you all Trade is at least 10:1 RR....and will be confirmed so long as this hour makes a pivot candle (swing high) otherwise I will track up to the next sell point Cheers. Red: Stop Yellow: Sell zone Green: TP ...
- drumdude replied Aug 1, 2011
H1 Sell Sell....Will post short targets in one second!
- drumdude replied Jul 29, 2011
Trades complete — These worked out nicely this week. Chart 1:Tracking long to get in short at green line (for those who were not already short) Chart 2:TP complete from post: 4815580
- drumdude replied Jul 28, 2011
If you missed the first tracking fib to jump in short....here is another. Short at green line.
- drumdude replied Jul 28, 2011
w1 — Here is the W1 Chart with short target/turn around point ----At the green TP .382 lvl I will be taking a long when a pivot candle is formed, but till then I will ride it short.
- drumdude replied Jul 27, 2011
Short. -Red Highlight: Stop -Yellow: Sell anywhere in the zone -Green Lines: TP1/2 Price should make a swing low on the TP (Chart 1)^^^^^^^^ Chart 2: tracking up on H4....sell at yellow highlight.
- drumdude replied May 26, 2011
Turn around on H4 to get good R:R for the short on post:4638442
- drumdude replied May 23, 2011
Short set up — D1 Short set up. Stop:Above: previous high Yellow zone: Sell zone Green: TP levels (when pivot forms on green line the cycle is complete)
- drumdude replied Apr 28, 2011
Short D1 Yellow:Sell Zone Red: Stop Green: TPs (Wait till price action makes a pivot on one to get out) This should stop at a 100 Level.
- drumdude replied Apr 20, 2011
Missed my pending short when the market opened by 2 pips!! So I have had to sit on my hands on this pair so far this week. Had a few UJ plays that went well on the H1 and am now waiting on both pairs for confirmation long or short. Here is the ...