EUR.USD

Thanks jackozy, i downloaded dropbox a while back but ran into a few walls, so closed it. At the time i was not bothered about posting charts, however now i feel it will benefit all if i post a few. Once i am back from hols i will get up to speed again with posting charts. KI.

KI, try using dropbox - it's a piece of cake and cloud based to accessible from anywhere. www.dropbox.com

gclark25 wrote: Hi KI,

Can you explain to me what you mean when you refer to Bull fib and bear fib?

I have looked at my fib placement, and I thought it was correct to take from recent high to recent low - which I have done on that chart?

Hi mate, a bull fib is wher the extension 161/261 etc rise when you plot the fibo. so on your first weekly chart you have put a bull fib on something that went downwards, so your target shows at 161 1.6000 or so. Which puts your 261 at a point my charts wont show LOL !!!!

I am not saying you cant put a bull fib on a downtrend because you can and you should, but it should only be done once you have rejection of price.

I used to have clip2net to post my charts up, but it fooked my computer up (dont know why) however if someone wants to recommend another site i can use to download charts and post them up i will post them up.I am happy to help and teach folk my way of trading, but you may have to undo some of the things you have learnt.

I think Remo has set up a cracking site and although i am still getting used to it, the word needs to spread on its potential. KI.

gclark25,

I think what KI means when he/she talks about bull and bear Fibs is shown here:




dl.dropbox.com/u/20815047/EURUSDdaily30_10_12.gif

The brown Fib sequence is how we traditionally draw retracement Fibs ie from the bottom up to look for supports on the way down. KI refers to these as bear Fibs. In the discussion on the EWT/Fibs thread yesterday, KI talked about plotting the Fibs from the top down so that 0% is at the bottom and 100% at the top. I've plotted these in red. The key difference is that the 23.6% and 78.6% Fibs occur in slightly different places. KI maintains that in his/her method the 23.6% Fib is a critical and frequent reversal level.

Hope that helps.

PS I have to agree - there's too much going on in your charts for me and without the link to open them in a new window there's not enough resolution in chartsview to see them properly. Sorry.

Sorry to confuse, where i have written 3 entry targets..delete entry. these targets are to aim at if short from now. KI.

Hi KI,

Can you explain to me what you mean when you refer to Bull fib and bear fib?

I have looked at my fib placement, and I thought it was correct to take from recent high to recent low - which I have done on that chart?