Recent content by "D"

High DT, I have a house full and have not had any time to really review your posts until now. Your posts are very well written explaining your viewpoint from experience which I very much respect. You took a lot of time in preparing your replies. I understand where you are coming from and...

Very well stated Hilarymannah. DT, I have a couple of question for you. 1. I used trend lines and barriers as an example of having a lot of lines on a chart in a previous post on this thread. Trend lines and barrier identification is done differently by different traders and can be quite...

Hi DT and SH, DT, concerning your comments on Fibs and all the Fib lines all over the charts, think about this for a moment. If you put a channel or trend line on every small through large move and then do the same with minor through major barriers, chances are you would have so many lines on...

Fibonacci is neither fact nor twaddle. Trading is not about absolutes, but probabilities. I presume you are trying to determine if Fibonacci is effective or not. The answer is both yes and no. Many traders use Fibonacci effectively, personally I would not trade without them. Others have not...

Hello Mitida, The answer to your question is really very simple: Either you run the business or the business runs you. Freedom is having choices, and freedom among other things is why many start their own businesses. I know many people who have started businesses with freedom being one of...

Well done Megamuel, you are on your way :)

Hello Megamuel, You are not the first person who has encountered this difficulty. It takes time to train your eyes. If you put the time in eventually the basic structure and patterns will start to jump out at you every time you open a chart. I would suggest using the zigzag indicator as...

Hi James, It is hard to say for sure what is going on here since we do not have enough data on the chart to put the trade in proper context. Some observations by just eyeballing the chart: 1. You have a trend, but we cannot see how long that trend has been in effect. We need to see what the...

Hello Gentleman, I believe Market Analyst Software out of Australia has a ratio lock in their Gann Edition. I took a pretty hard look at the software last summer and it seems like a real nice program, but I have no actual experience with it. Timsk, if it is acceptable, I can post the link to...

The above post by DionysusToast offers some good advice. I would like to add to it. The trigger you use to enter the trade will be determined by the market conditions. More conformation usually results in a wider stop loss. I would evaluate your reasons/trigger for entry. By adjusting your...

Hi Benton, Welcome to the forum :) I am very interested in your approach with you having my attention, please elaborate.

Hi Tim, I cannot comment on P&F charts since I do not have experience with them. I need to take a look at P&F charts on of these days. One technique I use which I am sure you are aware of is to change timeframes in a range bound market. On a lower timeframe smaller trends develop as price...

Thank you gentlemen for complimenting my post, I appreciate it. It is nice to know I was able to contribute in a positive manner. I made a previous post a while back on stops that may be helpful. It really does not address initial stop placements when taking a trade. Here is the thread...

Hi Gamma, My approach is perhaps a little different than most here. It differs in 2 ways: A. I actively look for a reason not to take a trade as opposed to looking for reasons to take a trade. B. Many people look for a trade and then try to determine the Fib level to use. I determine the Fib...

I use Fib levels as the backbone of my trading strategy. Many will criticize Fibs, but personally I could not trade without them. I find them exceedingly useful. To answer your question, in generally, the odds are against you taking a trade at the 100% retracement. It depends on where in the...