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simplegreen

01/05/13 6:42 PM

#110859 RE: pennies2007 #110858

I agree pennies..I think its my best work ever on a rock solid technical setup..its proving out in my trading as well.As far as me needing to critique the video ..I doubt its needed..if you are off on anything I will let you know and revision can be made.Main thing is that traders understand that when all else fails fibs simply dont lie..they are very precise levels that the whole world is obviously watching.Thats a huge benefit too because instead of having stops at figures you hate to lose if triggered you can run very tight stops.As you work with well set fibs you will see that the market reacts at exact levels over and over.Using the fib method I have come up with should IMO revolutionize most folks trading..I certainly hope it will.
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boca_bobby

01/05/13 6:46 PM

#110860 RE: pennies2007 #110858

Hey Bud, what's your take on AU at this time. I posted a chart about a week ago showing my buy trigger and a few of us made a few coins. But the move was really extreme.

Then you called the fade a few days ago for a great scalp.

But now we just saw another huge candle on Friday. The volatility has been crazy. But do you think things may have to shake out a bit more?

I'm showing us in the middle of a wave 5 with still more to the upside to come. What's your take? You still bearish overall?
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simplegreen

01/05/13 6:54 PM

#110861 RE: pennies2007 #110858

I thought about it all and want to make one thing clear..the initial swing high/swing low fibs are of course to be set but the fibs within the fibs are also to be set as well as the breakout fibs above or below are to be set.Til breakout of major fib set occurs you will be trading the upper or lower set of fibs within the fibs so those are always to be set as well.Cant think of anything else that really important so I think you should have all the details you may need.Just wanted to be sure this poit was well understood.Major breakouts dont occur all that often so we all need to know how to trade the main channel.Using the fibs within fibs method takes care of that.
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javalin

01/05/13 7:13 PM

#110862 RE: pennies2007 #110858

AWESOME a combined effort==i know i speak for all -as i've said before such a great group--one for all
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pileit1

01/05/13 7:29 PM

#110863 RE: pennies2007 #110858

Hey pennies, great job on the videos. Very helpful to have "real time" commentary. Just finished watching your Pressure Cooker video and I have a question.

On the EN you are using a 1 hour chart and on the CC a 4 hour. Any particular reason for this? I know that a pair can look similar between the two but quite different in some important aspects such as the TDI.

I also watched the CHALLENGE video. That will be interesting to follow. I created an account but I am unable to access your page.??

Keep up the good work. You have a gift and we all are becoming better traders thanks to your sharing of time and knowledge.

PS You don't sound anything like your avatar here on the Hub. ;-)