Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
cool thanks. So this should be approximately the top of the centerpoint squiggly of the next wave down?
Yes I've been thinking about that. Just gotta have time to do it.
OK I'll study up on it some.
But aren't the legs supposed to be at the 50 instead of the .618?
Well it depends on which .447 it is, the one above the .50 or the one below the .50. It's amazing how the gartley reaction line is at the .447 below the .50 or about .8450. If this last zigzag on the weekly were to be a middle goodman can you calculate what the ideal topside would be for a goodman based on the .94 base? I can see it as high as 1.0934 here.
NP estimator. So in the chart below I drew three sets of fibs (if you don't have your fibs setup with extensions you can add them, I have from 1.128 all the way out to 3.618 according to the ratios in the cheat sheet). I drew the fibs from the points I have marked in red.
It's purely a best guess scenario. If it runs past me here then I regroup and try to figure out the next cycle. I will frequently go all in on this type of trade and use available margin for a stop.
If you mean the 1.618s, 1.414s, 1.128s etc, yes. Those are the extensions of the previous zigzags. I like to line up the ones on the right (the manual fibs) to look at possibilities and how it relates to past extension treatment.
I'm shorting it big here at 1.0775 if they'll fill me.
Oh no them sly SOBs gotta start building a case early! This month up, a couple down, one up, one down, then two or three up and hope springs eternal. To do it right before the election would be unbelievable to the masses and they'd see right through it.
I just read the report and I'm pretty damned skeptical of all this. All of a sudden we have a "surge" in NFP and unemployment drops to 8.3 percent outta the blue? I don't see any reports about companies hiring, all I see is they're laying people off. Sounds like a cooked up bunch of crap to support some election year politics to me. BTW she's about to fall through the 1 min 34.
1.0820 next.
Well we're about to find out if she likes double tops
Well if I'm wrong then I lose 15 pips, if right then I make 80. Good risk/reward position to take. I figure no way we see a top this far in advance of NFP.
I'm going long at 1.0650 with a 15 pip stop overnight then short again at double top. There is too much going on at that intersection not to be reversal.
Look at my post to Pennies, it explains a lot. I'm almost certain we've seen the top because of the way the fractals line up with fib points on the bigger timeframe. I'll be short again about 1.0745 with more than what I just closed.
Guys I closed my shorts here at this .447. May go down further or back up but I'm taking the 60 pips.
I don't know but the wheels are falling off the bus.
Yup I think the wheels about to come off the bus. Gotta work you guys take care trading.
I'm gonna have to study up on Goodman. This 15 minute on AU from the top looks like a dagger to me but I'm staying short.
It is about time for a couple of those 500 point down days isn't it.
Don't gamble, plan your trades. Here's what pointed to the 1.414 fib extension on the 4 hour. On the 4 hour we see 2.236, 1.732, and then waiting for 1.414. In order these are the square roots of 5,3,2 which is a fib number sequence. Sometimes I sit for hours trying to figure out where it goes and most importantly why it goes there.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71592346
There will be a double top here but chances are it's probably going a couple hundred pips lower first. Last time it dropped off of a fib number it fell from 1.0685 to 1.0523. I'll take it.
Don't tempt it
I knew that sob would come back and hit that 1.414. All in now heck or high water hopefully not high water unless that means it sinks like a rock
Wonder who will be flying the planes? As a side note uncle Sam has done his part by decimating the dollar and spiking fuel costs
It could very well turn right here being at the 34 and the .786.
yup. I'd probably give up a little above 1.08 around the daily .854.
no rules. just short.
I think they're trying to fleece the flock. Can't see it this low without a double bottom/big momma candle first. I'm not adding until 75.60 and not selling what I've got either.
I'm short.