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New Cable Thread & Other Pairs

Quoting pedro319
{quote} .5 is not part of the golden ratio. For confluence purposes not the best. It does not mean I ignore it completely, in the case of Gold I don't, .5 it's its favourite! GU likes .786, while EU .618, different personalities... I am glad you enjoyed and learnt something! GL
Dear Mr P,
I really appreciate your help and sharing of your tremendous knowledge with the members here, I hope I can participate next time, if there is one,
also want to thank dilidanjaro who puts it all together and makes it happen,
GD
'In the clearing stands a boxer And a fighter by his trade..'
Quoting pedro319
{quote} So does the 38.2, in my system I take lots of trades at this level, works best after 7 or 8 bars, thrusting nature.
yep nice lvl to entry, .5 nice to add heavy
chaos is just unknown order
Thanks Pedro very nice and simple strategy you showed us and for free .
The webinar was excellent very complete , for me wen I start using confluence was a game changing I have less losses because I understand were and way the precise move and spot better support and resistance .
Thank you a lot keep on the good work .
Scalping
small stop loss ; ) All Time Return: 52.6%
Quoting T721
Let’s cut to the chase! The root of all of your problems as traders is found in your inability to detach yourselves from your story of survival.(e.g i need to make this money for rent, food blah blah) This is not an opinion, it’s a fact. This clouds your judgment cos your feel like your ''need'' to trade. Then you make silly mistakes cos your mind is all over. When all you need is to stay calm so you can have a clear and sober mind so you can make informed and sound decisions. You cant control the market so the only thing you can control is your...
It is all true I think I’m not the only one to identified on those words .
we can only control our stops and don’t aspect x amount daily but revive what the market met give tu us .
On the target I Still have difficulty to let it roll , normally I get out too soon but it’s a learning process .
Thanks to all the members one way or the other help to spot better trades .
Scalping
small stop loss ; ) All Time Return: 52.6%
Fibonacci is a geometric growth/decay system, depends what you want out of your analysis, but the other geometric growth/decay systems are the square, cube, 2 adjacent squares etc which make up platonic solids and is why you can find the maths of all the systems in the markets are tops/bottoms/turns etc

50% is an Internal ratio (less than 1) of the square and as the square is a fundamental building block in life, its why we find it in the markets at critical turns

If you look at the DJIA back in 2020, it stopped pretty close to 38.2% fall from the 2020 high which is in the Fib set

The same period the SP500 fell a pretty near perfect 35.4% which is in the Square set (the 2022 HIGH topped out within 1 point of perfect of the INVERSE of 35.4% too)

Too much information can wreck analysis though, but if you ever wonder why price did not stop exactly on a Fib ratio, its because some other geometric working out is happening to those building blocks

If you then look at the 2009 SP500 low and work out how much it fell in % terms from the 2007 high, that % figure was 0.01% from perfection and is a ratio in the cube set

As the market moves along, it works through the geometries of the square, cube and fib etc which is why you don't always find turns on fib levels - these levels also show up in TIME

this is the Nasdaq - working out to FIB set in BOTH PRICE & TIME - Notice that the exact low day was on the ratio of 52.6%

52.6% is the INVERSE of 1.902, which is the diagonal of a GOLDEN RECTANGLE - which is obviously built from Fib ratios

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THT
Quoting pedro319
Sold GU according to H&S.
H4 H&S
Move stops.
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While I was wondering whether to add to my pound/yen short position, the price plummeted. I wonder what?
It's a special treat, so I'll make a
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42pips profit and prepare for the next one.
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Quoting Thtpro
...As the market moves along, it works through the geometries of the square, cube and fib etc which is why you don't always find turns on fib levels - these levels also show up in TIME - working out to FIB set in BOTH PRICE & TIME - ...
i found excellent in terms of PRICE/TIME not just fibo lvls but building a grid using Fibonacci speed resistance fan and forecasting. It s amazing how price quotations moves accordingly with fail/success on hold-break-reject possibilities.
an example on cable
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chaos is just unknown order
DXY,
I usually don't hold positions for more than a day, but yesterday the temptation was too high,
Suspicious enough to think that DXY built a position here to go high and check the resistance above,
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'In the clearing stands a boxer And a fighter by his trade..'
EU
For the ones who attended the webinar...this was the scenario I was looking for.
H4 Inverse H&S failure, this is now imminent.
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Quoting pedro319
EU For the ones who attended the webinar...this was the scenario I was looking for. H4 Inverse H&S failure, this is now imminent. {image}
EU challanging 1,72x. The GU is also in an descending way. Dollar index going up.
In this situation Gold can go higher?
Quoting pedro319
EU For the ones who attended the webinar...this was the scenario I was looking for. H4 Inverse H&S failure, this is now imminent. {image}
confirm, we had also a beautiful false TL break
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trading is like dancing, don't think and just listen to the music!
Fibonacci math applies to everything in life.
but, when it comes to Applied Mathematics, GANN share the same basic rules with Fibonacci but divide percentages equally, and he did apply it to financial markets.

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cheers,
"the public is not yet ready for it" W.D. GANN
Quoting T721
Let’s cut to the chase! The root of all of your problems as traders is found in your inability to detach yourselves from your story of survival.(e.g i need to make this money for rent, food blah blah) This is not an opinion, it’s a fact. This clouds your judgment cos your feel like your ''need'' to trade. Then you make silly mistakes cos your mind is all over. When all you need is to stay calm so you can have a clear and sober mind so you can make informed and sound decisions. You cant control the market so the only thing you can control is your...
Gotta say I love these truth bombs of yours, like a huge smack of reality. Someone should collect these and archive them, helps a lot with mentality.
Quoting Luxyus
{quote} i found excellent in terms of PRICE/TIME not just fibo lvls but building a grid using Fibonacci speed resistance fan and forecasting. It s amazing how price quotations moves accordingly with fail/success on hold-break-reject possibilities. an example on cable {image}
Yep absolutely - That's why Gann created all those squares of....... using Fib ratios as the fan will work too as the markets are working through all the building blocks to their final destination

Price and Time do some weird things - If you take the DJIA low PRICE divide it by Fib ratios you will find it lands EXACTLY on the 2020 high and 2022 high - which you can grid the entire journey

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THT
Quoting pedro319
{quote} H4 H&S Move stops. {image}

the H&S from Friday wasn't perfect enough LOL)
Always better to wait for more confirmations,
Thanks
'In the clearing stands a boxer And a fighter by his trade..'
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Quoting Bakker
{image}
are you waiting for the cpi news or jumping in now?
its all just one persons opinion....
Quoting axecap
{quote} are you waiting for the cpi news or jumping in now?
I jumped in at 2345.13 but way too late, took profit at 2347.16, waiting now for another signal. Always keep an eye on what happens after M15 close, there's always a pullback.
Will scalp until PPI.
Quoting Mihisti
{quote} EU challanging 1,72x. The GU is also in an descending way. Dollar index going up. In this situation Gold can go higher?
Gold is following EU and GU atm but this can change any minute, if we get any bad news on Israel-Rafah front it could accelerate up quickly.
You still have to manage your risk carefully, I opened lower at around 2335, already closed the higher ones, because if they decide to go to 2315 I want to be in.
GL.
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