EU weekly — Have you seen this? image

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Yeah — You're not short like me are you?

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... — Booo!!

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The small one eh? — Checkz, I have no set rule of where to put it other than from swing high to swing or swing low to swing low. I move it around within the larger fib until i find something i like. I'm currently looking for a couple of setups ...

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HotRod. — Well done Checkz, I hadn't noticed you'd fixed your fib. What was the problem? With the moving the fib question, which fib do you mean, the large one or the smaller ones? MD.

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Right Checkzy boy! — I'll use the 4h on the most recent EU swing. Chart no. 1 We start pulling from the high and settle the 61.8 on the first clear pullback. Is price still within that fib framework? No! image Chart no. 2 We move the fib on ...

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It's just me thinking out loud. — As always I have doubts now and then and question myself. Am I overcomplicating proceedings? Then I look at the pros. The 4h fib does give direction and a target to aim for and I have found it useful in my job ...

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I'm scratching my head. — I've been thinking about this comment from Thom, it's been eating at me. Do we really need the larger fib? Look at it another way, I originally traded with one fib on the hour, totally oblivious to the larger ...

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138 man. — You've found your niche with that 138 haven't you. I've been struggling to find a decent fib for that. I think you've found it. Looks good. Had another good day today. How did you get on? MD.

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S&P — Yes the old S&P doing the damage again, the fib showed the way. Who's next for the chop, us?

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Something interesting. — Looking at EU before we had the big pullback, the short was not triggered per this fib, look at the lows. image Now we have the pullback and we can shift our 61.8 slightly which gives us pierces at the zero. 1.3146 ...

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Same fib. — You're right it is the same fib, I didn't realise. Great minds...... MD.

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Cane — It's ok I didn't trade......er ....I did. Took 10 pips ... ha..haaa. Hourly is safer, agreed. (You chicken).

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EU - No news is bad news. — Put this fib on the hour and zoom into 15min. 61.8 to 50. image MD.

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Very funny. — You looking on a 4h old boy? Looking on a daily pulling from the last low at 132 I see a nice 61.8 fib setting up for 158, doesn't look likely soon, unless we don't get a hung parliament? MD.

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See post #111 — SK's fib I posted here fits in the bottom section of your fib, crazy. MD.

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138 fun — SK, I just made 11 pips off your EU 138. Thanks for that, now get to bed!! MD.

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OGW — This fib is upside down, turn it up the right way and you have a 138 reversal on your hands. Read Thom's posts. MD. Edit: Oh and don't go trading this yet, try to understand it first. I'm sure I don't need to tell you that. Something ...

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OGW — Yes, I remember that now. I thought it would be useful to give an account of how I started using the fibs, that was how I originally thought this stuff worked. I wouldn't say it is necessarily wrong or right. I now look at the bigger ...

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OGW. — Hi mate, I need to go and find that post now and see in what context I said it. I don't want to shoot myself in the foot. Don't forget, Thom is the expert, we are doing ok but we are still learning also. MD.

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