Search results

I also bought my EUR/USD level (whoops another fib level). Wow these Fibs sure don't work do they. Ha! I really believed the EUR would be strong today due to last night's analysis so didn't need the double bottom confirmation for this one. Bought sideways range breakout and exited at...

Here's a trade I took today at my buy level. Fib based I must add but hey for those who would rather believe fibs don't work rather than MAKE MONEY then please ignore this post. Double bottom at my level, lower containment band and the % of currencies that were weak went way down and the...

I second this, TraderZones IS an idiot. He can't make money short term, doesn't know how to do it and thus thinks because he feels he's so smart and can't figure it out nobody else can either. He also doesn't believe in using Fibonacci's which I make a ton of money with and can make money...

Yet one MORE example of proof by me and NO PROOF from you. Today both the 50% fib and 62% area both had resistance and both times reversed in the direction of the trend. Are you really DUMB enough to think this is a coincidence? 135.73 just HAPPENED to be resistance, just coincidence...

Currencies to buy EUR/CAD Buy 1.6413 to 1.6379 NZD/USD Buy .5066 to .5050 EUR/USD Buy 1.2750 GBP/CAD Buy 1.7700 to 1.7670 AUD/USD Buy .6450 to .7442 EUR/GBP Buy .9208 to .9185 USD/CAD Buy 1.2730 NZD/JPY Buy breakout of 49.91 GBP/USD Buy 1.3756 to 1.3750 Currencies to sell USD/CHF...

No I can understand that YOU do not make money with them. I don't know what it is about the male ego and the fact that a woman has figured them out and you haven't and it really pisses you off. You can cite a million other dumb asses who don't think they work and you will NEVER convince me...

Yep happy to rest it. I mainly use 2 min charts and 50 tick charts for my entry with 2 min data for chandelier trailing stops. So we couldn't possibly trade differently. I've never liked longer term trading and probably would be horrible at it. I also for the sake of honesty in real time...

Yes I did mean Market Delta. I used that tool when I traded S&P and Russell futures and loved it. They use trades on the ask as buying and bid as selling and it was like tape reading. For futures trading I highly recommend that software. I haven't used it in maybe 3 years but I'm sure its...

This is a very EXCELLENT comment and I agree 100%. Some of my own exhaustion tools tend to also show up right at Fib levels. I personally find fib target levels 75% profitable in taking counter trend trades WHEN the trendlines are broken. Yes they don't always work but the KEY is to wait...

If you know anybody with trade guider its very easy to come up with the rules they use for their signals. I did it in trade station many years ago in 15 mins. They look at the range of the bar (they call that spread) and use a moving average of volume and possibly a keltner/bollinger band...

As I said before, if you don't like Fibs then don't use them. I make money with them, a LOT of money. So that's why I disagree. I'm sorry you weren't able to figure out a way to make money with them.

Busy today working on coding and fixing logic in an automated system I'm working on so I can get more sleep so not going to trade tonight and thus no need to do levels, sorry.

Another example and one that IMPLIES the biggest hedge funds in the world DO indeed use Fibs like I know and have told this group. Do your OWN research and when you see time after time the market stall and reverse at Fib retracements and targets, most times to within 2 to 10 pips you will...

Well if people use or don't use Fibs I don't care. There are soo many examples of them in action I could spend 24 hours a day for 15 years compiling them all. But here's a nice one. AUDJPY. Notice the market finds support and bounces (30-130 pips) off of EACH AND EVERY level. I typically...

LOL always appreciate some praise thank you. Again I started out like most traders, blowing up an account or two. Knowing what NOT to do is key and I couldn't agree more with your comment about money management. Every system that I've found that makes money or trader who makes money uses...

Many of my currencies I selected last night didn't go in direction I anticipated. Which is why having powerful trend tools is so important. I knew by looking at this chart how WEAK the US Dollar was. When wrong I trade the currencies in their most likely direction. When I'm right about...

I do think its possible it works for stocks and futures where there is REAL volume. In forex there is NO real volume! eSignal has 150 banks that makeup their feed and every time they move their bid price (the price you see on Forex charts is the bid) that counts as 1 volume. Obviously this...

I make money with them DAY AFTER DAY. Enough said. My posting levels to buy/sell at are proof positive they DO work when used correctly. Both GBP/USD and USD/CHF level NAILED by fibs. Just today with close to 200 pips movement in direction predicted the night before! To me the proof is...

Ok, then don't use them. But nobody can DENY they don't work AMAZINGLY well for me as most of the levels I've posted for last month+ have used Fibs and I've been spot on in. Use whatever works for you. But to say Fibs don't work is only saying YOU don't know how to use them. I'm not...

I made a mistake with my GBP/USD sell area. I'm looking to sell it from 1.3950 to 1.4013.