fib. expansion and retrace in forex

[ElectricSavant]

I have a good teacher

ES

Quote from shopster:

the trade on the left side was a .76 second leg retrace

the histo is already neg.
a short entry

you lift your short at a fib extension

the trade on the right was a trick question.
there is no confirmation.

glad to see someone is awake.........

s

 

[dv4632]

a question...

On the right of this chart, the last high around 10:00 time.

Is that a valid short signal? Your histo bars are diverged significantly, then they break below the zero line.

Or do you skip that trade because it's a higher high, rather than a DT? Just trying to clarify.

 

[dv4632]

Another question:

On the boxed in area there are 3 lows. You have the third low labelled as a buy, and I have no questions on that.

However, I wonder could the middle low have been a buy as well? It's not quite a DB but very close, and the histo bars were diverged and then crossed above the zero line.

So would that be a long that was stopped out, and then re-enter long on the next low? Or would that long not have been taken for some reason? Again just trying to clarify.

 

[Dominic]

S: last couple charts I'm not seeing any RadsT3; why did you eliminate the Rads indicator?? Was it throwing out mixed signals??

Quote from shopster:

the trade on the left side was a .76 second leg retrace

the histo is already neg.
a short entry

you lift your short at a fib extension

the trade on the right was a trick question.
there is no confirmation.

glad to see someone is awake.........

s

 

[MrPowerBallad]

Quote from dv4632:

However, I wonder could the middle low have been a buy as well? It's not quite a DB but very close, and the histo bars were diverged and then crossed above the zero line.

In real-time, yes. In hindsight, no.

 

[HATEtheRisk]

Quote from shopster:

scale your chart with the fib tool on it

horiz. or vert. scale ............pushed or pulled
it makes no diff.

3 pics attached.............
all the same chart and setup

s

Good morning shopster,

thank you, that is indeed very interesting.

My "respect" to you magic numbers traders.

When i look at your charts there, i see the same moves i would trade, but with a tottaly differnet understanding when it comes to the strategy for predicting.

Isnt that super cool, every trader uses different systems, but in the end, we all trade just one market - one price move, just with different points of views.

I love it.

good trading boys

 

[dv4632]

Quote from MrPowerBallad:

In real-time, yes. In hindsight, no.

Well yeah, that's the way it seemed to me too.

 

[shopster]

Quote from dv4632:

Another question:

On the boxed in area there are 3 lows. You have the third low labelled as a buy, and I have no questions on that.

However, I wonder could the middle low have been a buy as well? It's not quite a DB but very close, and the histo bars were diverged and then crossed above the zero line.

So would that be a long that was stopped out, and then re-enter long on the next low? Or would that long not have been taken for some reason? Again just trying to clarify.

.......................................................

DV,

you are correct.

the second low is a .76 retrace
and is a trade.

i will post some other deviations and tricks of this setup, but for now " concentrate on DB and DT....."

your stop is below all 3 legs.

3 to a bottom is even better than 2 and i will discuss this further.

the hard part is getting the position on.

the market may have other ideas as it gyrates.

s

 

[shopster]

Dominic


09-07-11 12:58 AM

S: last couple charts I'm not seeing any RadsT3;
why did you eliminate the Rads indicator??

Was it throwing out mixed signals??

..............................................................

just cleared it off so we can clarify the histo bar setups.

diverge is the key.

s

 

[shopster]

Good morning shopster,

thank you, that is indeed very interesting.

My "respect" to you magic numbers traders.

When i look at your charts there, i see the same moves i would trade, but with a tottaly differnet understanding when it comes to the strategy for predicting.

Isnt that super cool, every trader uses different systems, but in the end, we all trade just one market - one price move, just with different points of views.

I love it.

good trading boys

...............................................................


trade the trend until it bends.......

s