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- Nut replied Aug 30, 2018
OK, some fibs. the chart is a 30sec chart of AUDUSD today's price action. Please understand I shall not be explaining my unconventional method of using fibs again. A whole thread is devoted to this topic. Please read it and experiment. url I chose ...
- Nut replied Aug 28, 2018
Hi there Perhaps the attachment may help this was the method employed by Wykcoff though he mainly used point and figure charts it works just as well with candles. At a bottom, he called this price action a spring and at a top an upthrust. These are ...
- Nut replied Aug 28, 2018
Hi Guys if you want granularity at potential turning points fine you can use 1min better still one tick. Personally, I would trade neither 1min or 1 tick without a longer-term view. Why not give it a try and post your findings for the benefit of ...
- Nut replied Aug 28, 2018
If only it were always easy. We get a sign of weakness at point A, so we expect a pullback that may give a short signal it is easy to get sucked into shorting the market. Yet the market explodes to the upside taking out B. Why? well if we take a ...
- Nut replied Aug 25, 2018
Ok so lets say we are trading the 60 min chart and wish to know where we are with respect to the weekly trend at any given time. I use a swing indicator on the 60 m chart set up so as to measure the weekly trend The weekly swing indicator is set to ...
- Nut replied Aug 25, 2018
Now for a downtrend which is just the opposite of an uptrend and once again you need to be selling the pullbacks into the previous trend. Important Note how at Down trend low 1(DBL=Downtrend low) the CLOSE is a new closing low in the uptrend and ...
- Nut replied Aug 25, 2018
OK many thanks to those people who have already posted their interpretation of a trend. My interpretation is a series of Higher Highs/Higher Lows for an uptrend Lower Lows/Lower Highs for a downtrend. On the attached chart UHB = Upside Breakout, PB ...
- Nut replied Jul 18, 2018
Hi, if you start at post number1 you will see I am using complete swings. This caused confusion for some people so to try and simplify things I introduced a system using the last bar in the swing and working from there. In the end it is all the same ...
- Nut replied Jul 17, 2018
An update The lower chart shows how you might take an internal measure looking for a minor bounce.
- Nut replied Jul 16, 2018
First see post 227 and ensure you understand the model of the golden mean in both an upward and downward direction. See the charts of todays GBP/USD 15Min. The white line shows my initial starting point the green lines are my bid/ask lines. Compare ...
- Nut replied Jul 6, 2018
Raedmaa please review the attachment showing an expansion beside a retracement. As you can see you did not plot the 200% level on the retracement tool but lept directly to 2.618 which created the error cheers Nut.
- Nut replied Jul 6, 2018
I agree I have shown you an easy method but I cannot and will not define your trading style. Without wishing to sound abrupt you can define your own style logically using the Fib expansion or spend good money on a crap book and let somebody else ...
- Nut replied Jul 6, 2018
Hi radedmaa The only way I can replicate your results is by using the Fib retracement tool rather than the Fib expansion tool. The expansion tool must be used to maintain the correct proportions
- Nut replied Jul 6, 2018
So now after the golden mean in the last chart it is reasonable to expect a further 38.2 expansion from the golden mean. The expansion can be seen in this chart. Price has become trapped at this level as the sheep stealers and horse rustlers battle ...
- Nut replied Jul 6, 2018
Now if I place my fibs on length 1 then I get a golden mean either above or below my zero line. Depending on my view of the market depends upon which golden mean I choose.
- Nut replied Jul 6, 2018
Hi all, seems there is still some misunderstanding as to how I implement my fibs. so I shall try again using my most efficient method. It will take a few posts as I shall attempt to explain the reasoning behind the system. The first chart is an ...
- Nut replied Jun 29, 2018
Hi OAPDave, hopefully these charts will clear things up. Sorry for the slow response. Certainly when the video is posted it will clear up everything.
- Nut replied Jun 29, 2018
OK a video is to be made detailing this process hopefully next week but questions have arisen regarding the initial datum. Having looked at this issue I think I have found an approach all can employ and understand. It fits the original model. The ...
- Nut replied Jun 29, 2018
First yesterdays chart, then todays. Then I shall try to answer questions. The 60min had a pretty lack luster day over all though there will have been some trades on say the 5 min. The white lines are the previous trend levels the blue are the new ...
- Nut replied Jun 28, 2018
This is my chart at the moment