tradingwizzard

1. those resistance arcs are Fibo arcs? 2. how do you know how to set the size of the box (this is my main problem on Gann)? 3. aren't you interested to see what Friday brings before deciding if you're holding the positions over the weekend? thanks

the highlighted blue shape has two possibilities.......either it is a flat for a b wave (in terms of Elliott Waves Analysis) and the move to the downside that followed is the c part of the flat.......either it is a second wave and the move to the downside is a third wave.......both scenarios imply at least a retracement, so what I would do I would take a Fibo from the end of the blue shape and look for 31.8-50-61.8 retracement level........also try to see if he move down is extended more than 161.8% of the previous move (it seems so) and in this case we're looking for a possible fourth wave, which typically retrace 31.8% and rarely travel beyond 50%

petrified markets......as per our situation here..not bad, but not good either.......oh well

Trad nr. 8 GOING SHORT EURAUD AT THE MARKET 1.4308 SL 1.4470 TP 1.3900 logic behind the trade a bit later

here's the updated situation.......usdcad long and eurusd shorts looking good, eurjpy draging me down at the moment

I use Fibonacci retracement and expansion tools on a daily basis on my analysis.......I am mainly using Elliott Waves Theory and Fibonacci retracement and expansion levels are mandatory for counting waves (for example if you are looking for a flat, then the b wave should retrace more than 61.8% out of the previous a wave, or if you're looking for an impulsive move, then at least one wave should be extended more than 161.8% out of the next longest waves within the waves in the direction of the potential impulse)...........so yes, I use them all the time and yes, I find them extremely usefull.......for those that don't think that, just ask questions and I will gladly ask here using examples with Fibo on charts as explained above

kind of a masked advertising, don't you think?

kind of a maked advertising..........don't you think?

you better ask Patuca regarding gold........the SOB nailed it today.....hats down ladies and gents, hats down

just because they are for free I won't touch them

so you're looking for an alternative........to compare what.......apples with pineapples?.......or apples with apples?...........alternative to forex meaning alternative to having a big profit on a short time notice or..........alternative to having a market as volatile as the currency market is........or.........what kind of alternative are you looking for actually?

filled on the sell stop short on this EURJPY.......let's see what this brings

nicely done, nicely done

closing euraud short trade from 1.4351 here in 1.4197 for 154 pips profit

logic on the usdcad long is that I am gunning for the 50%-61.8% retracement level from the recent move to the downside on the hourly chart

Trade nr. 6 LONG USDCAD HERE IN 1.0387 FOR 1.0460 TP SL 1.0320

placing a PENDING SELL STOP on eurjpy at 130.50 for tp at 123 sl 133.80

stoped out on eurjpy short.........crap

here are the open trades and the ones that I booked so far.....booked the +150 pips profit on the long side on eurjpy, then jumped on the short side a bit too early.....sl still holding there euraud looking good, usdjpy promising, eurusd short from yesterday has a nice rr, but it could have been better, and probably going like this in Bernanke's testimony today........

seeing that you're posting there.......maybe you have some more info for us to share?.....thank you in advance

well, the entire forex market depends on what Ben says.......in the meantime, usdjpy pierced the 99 level to the downside........95 is coming.....looking for 1.30 in eurusd on the very short term time frame and for the freaking eurjpy to finaly break below 128.50......nothing too fancy.......just a couple of big figures here and there:helloooo:

totaly in disagreement with your post......no offence

here's the chart for the previous short..........entering way too early, but analysis still valid.......story of my life

5. Trade nr. 5 - GOING SHORT EURUSD AT MARKET HERE IN 1.3116 SL 1.3205 TP 1.300 analysis for the trade to come a bit later

interesting..........will sit on the sidelines and watch this one......if you will need one more participant at the end, I will jump in.....watching