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  #76 (permalink)  
Old 02-10-2008, 11:03 PM
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here is a coincidence...... well perhaps not.....
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  #77 (permalink)  
Old 02-11-2008, 01:48 AM
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Aussie Gold
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Originally Posted by Blaiserboy View Post
here is a coincidence...... well perhaps not.....
Given that the Australian Central Bank said that it will raise interest rates further to curb inflation, http://www.bloomberg.com/apps/news?p...d=aAAJT3PS9hQY

The Australian dollar and its related crosses look to be on the upswing. Bullish bounces from the 32% retracement level indicates strong buying.

Since this the Australian central banks remarks are contrary to the G7 rhetoric of lowering interest rates and taxes to fend off recession, AUD pairs will be attractive to those seeking yield in an economy that has been in a period of expansion for 16 straight years.

Take a look at the AUD/CHF 4 hour chart attached. Price is trading above its 200 MA as well.
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  #78 (permalink)  
Old 02-11-2008, 11:25 AM
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Question......!
Do you use the Fib time tool....? I have never had much luck using it..

and another ques..... Is there a short list of pairs that you chart regularly in here..?

thanks


dave
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  #79 (permalink)  
Old 02-11-2008, 12:10 PM
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GBPJPY monthly
Price has bounced off .382... and heading lower at this time.... Does that mean we will see .500 or greater... is there a 'rule of thumb'.....?
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Old 02-11-2008, 12:27 PM
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Usd/cad
I am not so sure that an uptrend has commenced as there is not yet a defined higher low on the monthly chart. strong resistance at .382 and .500.. the last couple weeks have been like a chop zone
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Old 02-11-2008, 02:39 PM
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Rule of thumb
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Price has bounced off .382... and heading lower at this time.... Does that mean we will see .500 or greater... is there a 'rule of thumb'.....?
Typically, if price retraces to the 38.2% Fibonacci level and moves higher, it signifies a strong trend as traders are too eager to wait for a "better" price in the form of a pullback.

However, on average, price retraces to the 61.8% level more often. One of the last levels we look at is the 78.6%.
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Old 02-11-2008, 03:32 PM
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Eurusd
this is pyrapoint.. not Fibonacci. indicatiing a change in direction in the next couple days
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Old 02-11-2008, 03:38 PM
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this is pyrapoint.. not Fibonacci. indicatiing a change in direction in the next couple days
Does it project an entry price?
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  #84 (permalink)  
Old 02-11-2008, 03:42 PM
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the green and red lines represent a semblance of support and resistance.... price tends to follow along them..... the verticals and horizontals are similar.... often there is a change in direction when a vertical is approached..... no entry point.
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  #85 (permalink)  
Old 02-11-2008, 07:25 PM
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the green and red lines represent a semblance of support and resistance.... price tends to follow along them..... the verticals and horizontals are similar.... often there is a change in direction when a vertical is approached..... no entry point.
It seems to be able to forecast a time this will happen based on the location of the vertical line.
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Old 02-11-2008, 07:53 PM
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Pyrapoint
This tool is Gann based......

I have not used it extensively and am reluctant to say that it will approximate a time, but that is its purpose.....

Once I have some experience I will be a little more confident as to its application...

I want to learn to use some tools for time measurement...... earlier today I was experimenting with circles, ellipses and Gann speed lines....
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  #87 (permalink)  
Old 02-11-2008, 10:26 PM
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US Dollar index
Price is right on the line so I think in the next day or so we will see a change in direction.

I am posting this in here as so many of the pairs we work with are related...

Perhaps someone has a technique of showing trend changes with the fib tool, I will be pleased to learn that method.....


thanks


dave
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Old 02-12-2008, 03:23 PM
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on eur/jpy daily i see a symmetrical triangle within a symmetrical triangle. Price is also near the 61.8% fibonacci line and the smaller symmetrical triangle.

added hourly chart to show smaller symmetrical triangle better.

i believe price will go down until it reaches 154.50-154.70 area. rsi on daily is below 50 and on hourly is just bouncing off of 70.
moe
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Old 02-12-2008, 05:59 PM
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Fibonacci Time is an interesting subject
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This tool is Gann based......

I have not used it extensively and am reluctant to say that it will approximate a time, but that is its purpose.....

Once I have some experience I will be a little more confident as to its application...

I want to learn to use some tools for time measurement...... earlier today I was experimenting with circles, ellipses and Gann speed lines....
I have seen charting packages that break time into Fibonacci levels in order to forecast when a significant price move will happen.
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Old 02-12-2008, 06:09 PM
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Ensign has a number of tools..... I have to learn their application...... and reading the instructions does not always give the user expertise..LOL
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