fib. expansion and retrace in forex
- Thread starter shopster
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LOL you obviously do not know Thales. You all but assured that he'll hang around with you now ... interesting that you made this a thread ... I haven't traded it as long as Thales (I learned it from him) but it is sound. The problem is that divergence happens all the time only to be continually busted.... You need to pick your spots using S/R ... sometimes a double top is just a consolidation before higher highs ... likewise double bottoms & 123's ... but you already said that support & resistance with a diverge indicator thrown in ... good stuff ...
" support & resistance with a diverge indicator thrown in ... good stuff .........."
thale's is a light weight and will soon move on.
a few more tricks in the prev. pics posted.....
notice the position of the shop dynamic fib bands.
the " outer band " in relation to the actual trade entry setup.
also.......
where is the price bar entry in relation to the solid yellow money line, in most cases.....?
can you say sling shot.....
bullet proof.
s
thale's is a light weight and will soon move on.
a few more tricks in the prev. pics posted.....
notice the position of the shop dynamic fib bands.
the " outer band " in relation to the actual trade entry setup.
also.......
where is the price bar entry in relation to the solid yellow money line, in most cases.....?
can you say sling shot.....
bullet proof.
s
Shopster,
Excellent thread here. probably one of the best ones i've seen on ET in a very long time.
you're very kind to teach the novices how to fish. please dont be pressured to give out fish for free instead of teaching them how to fish. let them do their homework.
i enjoy your posts especially with all the "cryptic" lingo.
Don,
i can tell you get it , and others will too as the shop setup is fully exposed in the next few weeks.
s
Excellent thread here. probably one of the best ones i've seen on ET in a very long time.
you're very kind to teach the novices how to fish. please dont be pressured to give out fish for free instead of teaching them how to fish. let them do their homework.
i enjoy your posts especially with all the "cryptic" lingo.
Don,
i can tell you get it , and others will too as the shop setup is fully exposed in the next few weeks.
s
DV 4632
" But I don't understand all the talk of .86 retraces when in most of the cases you're circling 23.6 retraces.........."
the retrace back to the 0.0 fib position is .86 or the .23 line on a fib expansion.
1.00 - .86 is .23
it can also stop at the .74 or anywhere else it so pleases.....
you dig.....
s
" But I don't understand all the talk of .86 retraces when in most of the cases you're circling 23.6 retraces.........."
the retrace back to the 0.0 fib position is .86 or the .23 line on a fib expansion.
1.00 - .86 is .23
it can also stop at the .74 or anywhere else it so pleases.....
you dig.....
s
Shopster,
hold on. you gonna bring to light every secret ingredient of your trading setup? for free?? why??? some people took years to discover this setup while burning through substantial capital.
besides, if a person cannot understand or reverse engineer from all the charts you've shown so far, he/she shouldn't be trading at all.
hold on. you gonna bring to light every secret ingredient of your trading setup? for free?? why??? some people took years to discover this setup while burning through substantial capital.
besides, if a person cannot understand or reverse engineer from all the charts you've shown so far, he/she shouldn't be trading at all.
Don,
a bit more exposure , but with much more sleight of hand.......
i was taught in 1975 and mastered it a year later....
a futures grain trader , then retired.......
we traded way too many cars before the sp500 started up.
the magican always keeps a bit under wraps.
there are many twists and turns along the trading road.
a choosen few will be smiling , many others will not....
i am posting this thread to have some fun, and swatting a few flies as they show up, along the way.....
just the way it is......
s
a bit more exposure , but with much more sleight of hand.......
i was taught in 1975 and mastered it a year later....
a futures grain trader , then retired.......
we traded way too many cars before the sp500 started up.
the magican always keeps a bit under wraps.
there are many twists and turns along the trading road.
a choosen few will be smiling , many others will not....
i am posting this thread to have some fun, and swatting a few flies as they show up, along the way.....
just the way it is......
s
haha, very well then. i'll be sure to tune in to learn from a sage veteran.
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