What about move stop at 78.6% of BC and make a gartley pattern? Aiming 1.27/38/62 seems only a possibility, far from a expect thing. Would love your comment on it. Later
Comment by InvestirenBourse — May 28, 2009 @ 1:09 am
There are indicators to show you the overall trend of the market on a daily basis. Also, Andrei is suggesting here to trade the European market. The American market is, IMHO, the most difficult to trade using smaller time frames because of the news. A very basic indicator is the 10 period simple moving average of the close to determine the daily trend, along with, say, 21 RSI. But there are many other more complex (and effective) ways to determine the trend. Hope that helped.
Comment by sparklysparks77 — June 6, 2009 @ 2:09 pm
Hi, you may want to check this site, there is a series of Andrei’s webinars videos (the 3rd of which is coming out soon) but I believe you need to log in to attend the webinars, not so to watch the videos. Let me see if youtube allows the links. If so just remove the spaces. Finding the right points isn’t very easy BTW but practice makes perfect! Good luck…
forexpros . com / live-events / transcripts/2
Comment by sparklysparks77 — June 9, 2009 @ 2:01 am
I’m not clear as to what criteria you use to find point A and B ?
other than an arbitrary decision based on the chart??
as I m just now trying to learn how Fibonacci works maybe I’m missing something??
That’s right - you see C best in hindsight, but usually there are still more than enough pips left on the way to D. it is nto about nailing exact tops and bottoms (a gabler’s game) but rather about getting the safe 90% of the pips in-between.
thanks for your great vids –so helpful
one thing im stuggling with is finding the point “a”s to start my trades from
have always traded indices till now but finding opening times of fx more suitable
I hate to rain on the parade here..I like what you are trying to do..I just have 1 little problem.
That wasn’t live trading data, you can go into historical data and say “this would have worked here” and “It worked here too” but there will always be a roughly equal number of examples where it doesn’t work. I will say though that since markets are fractal fibbo and Elliot waves do work, but they are no magic bullet. Chinkou span is a more reliable measure of S/R in my opinion.
Actually, it was Leonardo de Pisa’s - over 800 years ago. Joe’s a wonderful guy (and a very good friend of mine), but he didn’t invent Fibs. And I don’t believe I ever claimed to have either.
I doubt I’ll be making any new videos before 2009, though will certainly keep it mind for future ones. I do a free Fib webinar on FXstreet every Friday - glad to look at charts in real-time with you. In the meantime, pull up a daily Dow chart and draw a Fib from 13131 to 10813 - you’ll find that we’ve been ranging between the 161 and 200% extension levels for the past 3 weeks.
Create a video blog
Hi BK, what is the basis/condition to spot pt ‘A’? I did not see SMA 200 is used as part of ABCD strategy before you determine pt A? Please advise.
Comment by doreamoncute — May 24, 2009 @ 2:20 pm
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What about move stop at 78.6% of BC and make a gartley pattern? Aiming 1.27/38/62 seems only a possibility, far from a expect thing. Would love your comment on it. Later
Comment by InvestirenBourse — May 28, 2009 @ 1:09 am
Create a video blog…instantly.
clean up your chart
Comment by pleasurepete — May 30, 2009 @ 8:47 am
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down down down down, that’s what i like to see!
funny. good video man.
Comment by matt6123466 — June 2, 2009 @ 8:52 am
Create a video blog
Do you have current videos?
Comment by dell1972 — June 2, 2009 @ 7:30 pm
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professional solutions for institutional and privat traders are on
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Comment by TRADINGSUPPORT — June 5, 2009 @ 10:39 pm
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There are indicators to show you the overall trend of the market on a daily basis. Also, Andrei is suggesting here to trade the European market. The American market is, IMHO, the most difficult to trade using smaller time frames because of the news. A very basic indicator is the 10 period simple moving average of the close to determine the daily trend, along with, say, 21 RSI. But there are many other more complex (and effective) ways to determine the trend. Hope that helped.
Comment by sparklysparks77 — June 6, 2009 @ 2:09 pm
Create a video blog…instantly.
Hi, you may want to check this site, there is a series of Andrei’s webinars videos (the 3rd of which is coming out soon) but I believe you need to log in to attend the webinars, not so to watch the videos. Let me see if youtube allows the links. If so just remove the spaces. Finding the right points isn’t very easy BTW but practice makes perfect! Good luck…
forexpros . com / live-events / transcripts/2
Comment by sparklysparks77 — June 9, 2009 @ 2:01 am
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Wow, good video!
I’ve designed my own robot to trade FOREX automatically. If you would like to check it out, it’s at RobotsTradingForex . com
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Comment by robotstradingforex — June 11, 2009 @ 8:34 pm
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This info is great!!!
Comment by BumpinMe — June 12, 2009 @ 6:19 pm
forex
I’m not clear as to what criteria you use to find point A and B ?
other than an arbitrary decision based on the chart??
as I m just now trying to learn how Fibonacci works maybe I’m missing something??
Comment by crgshell — June 14, 2009 @ 9:42 pm
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Great info here, this strategy seems effective.
Comment by wwwForexsigcom — June 17, 2009 @ 3:09 pm
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Great videos? My question is, how do you determine when the overall day is going to be a down day without the benefit of any market moving news?
Comment by enohp660 — June 19, 2009 @ 1:10 pm
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Look at your momentum indicator at that point
Comment by miklamx — June 21, 2009 @ 9:11 pm
Create a video blog
Thanks for Very nice video. Click on my account to see other free forex training courses!!!!!!!!
Comment by smartforextrader — June 21, 2009 @ 11:13 pm
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dude your videos are amazing ,the best tutorial videos on youtube!
Keep making more!
Comment by atomi50 — June 22, 2009 @ 6:34 am
Kansieo.com
That’s right - you see C best in hindsight, but usually there are still more than enough pips left on the way to D. it is nto about nailing exact tops and bottoms (a gabler’s game) but rather about getting the safe 90% of the pips in-between.
Comment by fxKnight — June 23, 2009 @ 3:01 am
Kansieo.com
Where exactly do you enter the trade?
You only know point C after it has dropped, so do you enter after it dropped or wait for it come back up?
Comment by CheapNPoor — June 23, 2009 @ 5:50 am
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thanks for your great vids –so helpful
one thing im stuggling with is finding the point “a”s to start my trades from
have always traded indices till now but finding opening times of fx more suitable
great vids and thanks
Comment by nicnatnattle — June 24, 2009 @ 1:52 am
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I hate to rain on the parade here..I like what you are trying to do..I just have 1 little problem.
That wasn’t live trading data, you can go into historical data and say “this would have worked here” and “It worked here too” but there will always be a roughly equal number of examples where it doesn’t work. I will say though that since markets are fractal fibbo and Elliot waves do work, but they are no magic bullet. Chinkou span is a more reliable measure of S/R in my opinion.
Comment by Codex1 — June 24, 2009 @ 2:09 pm
Create a video blog
Actually, it was Leonardo de Pisa’s - over 800 years ago. Joe’s a wonderful guy (and a very good friend of mine), but he didn’t invent Fibs. And I don’t believe I ever claimed to have either.
Comment by fxKnight — June 25, 2009 @ 2:01 pm
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Is this a Fibonacci Expansion ?
This is Joe Dinapoli’s idea.
Not yours.
Comment by aroon88 — June 26, 2009 @ 10:43 pm
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I doubt I’ll be making any new videos before 2009, though will certainly keep it mind for future ones. I do a free Fib webinar on FXstreet every Friday - glad to look at charts in real-time with you. In the meantime, pull up a daily Dow chart and draw a Fib from 13131 to 10813 - you’ll find that we’ve been ranging between the 161 and 200% extension levels for the past 3 weeks.
Comment by fxKnight — June 30, 2009 @ 10:05 am
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Possible you can show an example video
using a daily timeframe on qqqq?
Or whichever index you choose?
Thanks
Comment by optiontraderfan — July 1, 2009 @ 4:10 am
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OsMA (MACD can be used as an alternative) is standard settings - 12,26,9. EMA is 21 applied to the close. The others are simple MAs - 50 and 200.
Comment by fxKnight — July 4, 2009 @ 4:21 am