Bear Market almost ready to resume ....... March 12, 2019 posted at ET

[fibo_trader]

GBPJPY: 1H

for now, will look deeper later, need to also review the monthly. I'm not fully satisfied with this 1H grid just yet. It seems OK but something seems to be missing. so while it runs in our favor I 'll look deeper later for next week. As you can see she has passed 261.8%. Will she head on straight to 423.6% or do an about turn for a correction first and then continue? Use a trendline when one becomes available. Right now it is too parabolic and steep for a trendline. Therefore for thos who want to protect their profits to the maximum level, do what the duke of London does, he puts a trendline on the RSI

 

[fibo_trader]

GBPJPY: 1H

for now, will look deeper later, need to also review the monthly. I'm not fully satisfied with this 1H grid just yet. It seems OK but something seems to be missing. so while it runs in our favor I 'll look deeper later for next week. As you can see she has passed 261.8%. Will she head on straight to 423.6% or do an about turn for a correction first and then continue? Use a trendline when one becomes available. Right now it is too parabolic and steep for a trendline. Therefore for thos who want to protect their profits to the maximum level, do what the duke of London does, he puts a trendline on the RSI


View attachment 268502

With the duke of London' RSI trendline. Now remember this RSI trendline is only for use with those who are really tight tight tight about not giving up a dime in profits. It does not mean sthe trendis necessarily over if the trendline breaks. OK?

 

[ssam]

With the duke of London' RSI trendline. Now remember this RSI trendline is only for use with those who are really tight tight tight about not giving up a dime in profits. It does not mean sthe trendis necessarily over if the trendline breaks. OK?


View attachment 268503

Fantastico Fibo - but surely we need some heat to be expelled from the GBPUSD. This is currently TOOOOOO HOT!! Surely 4th wave comes later this month when we are meant to be pulling the plug.

I have had a crazy week in the office - so not much chart time allowed. I have had a short triggered off the 1.26900 level excatamondo with a 35 pip profit. Price seems to be kicked from this level previously. So had pending set short for a wee profit on the demo.

I have set myself a target of Christmas to be full capitalisation mode. This will give me a full 9months of testing under my belt with little of my own capital being deployed.

As my only true wisdom is knowing I know nothing.

 

[ssam]

With the duke of London' RSI trendline. Now remember this RSI trendline is only for use with those who are really tight tight tight about not giving up a dime in profits. It does not mean sthe trendis necessarily over if the trendline breaks. OK?


View attachment 268503

Here are my thoughts on the GBPJPY daily in addition to me old mukka Fibo. Its Friday evening, the Mrs is out, I can look at charts in peace.

Interesting that we are now sitting on the (green) 200EMA, the rosey red trend line kiss for a 3rd time - will this be the kiss of death? Also this is a key level of previous support now turn resistance and of course what looks to be a 5th wave up.. again, each wave count I complete I complete always lands on a 5! is this because I cant see wood through trees?! Who knows.

If I back myself, I am expecting an ABC to form - Starting with a retest of the 136.000 level - some profit taking must take place from the cats jumping in on Thursday (for which I wasn't in on the action sadly). wave C ending at the 0.786 and wave one up commencing from here.

The RSI sets my spidey senses tingling, much too positive to keep roaring away.

The Grey chart - notice how we land at the 50% Fibo of the previous structure high and low on the daily. We are also outside the Bollinger Band (purple) which must pull back as a self fulfilling prophecy...

Both Dailys - but one cleaner than the other!!

 

[fibo_trader]

Even my best friends - even my best friends
They don’t know ...
That my job is turning Lead into Gold
That my head is aching and my hands are so cold
As I continue searching for the Philosopher’s Stone

 

[fibo_trader]

Here are my thoughts on the GBPJPY daily in addition to me old mukka Fibo. Its Friday evening, the Mrs is out, I can look at charts in peace.

Interesting that we are now sitting on the (green) 200EMA, the rosey red trend line kiss for a 3rd time - will this be the kiss of death? Also this is a key level of previous support now turn resistance and of course what looks to be a 5th wave up.. again, each wave count I complete I complete always lands on a 5! is this because I cant see wood through trees?! Who knows.

If I back myself, I am expecting an ABC to form - Starting with a retest of the 136.000 level - some profit taking must take place from the cats jumping in on Thursday (for which I wasn't in on the action sadly). wave C ending at the 0.786 and wave one up commencing from here.

The RSI sets my spidey senses tingling, much too positive to keep roaring away.

The Grey chart - notice how we land at the 50% Fibo of the previous structure high and low on the daily. We are also outside the Bollinger Band (purple) which must pull back as a self fulfilling prophecy...



View attachment 268507

Both Dailys - but one cleaner than the other!!
View attachment 268509

The Duke of London thrills my soul with such profound thoughts and analysis. Very very impressive. This is only one of your many properties, a veritable portfolio of stunners all in massive capital gains realm. I see you sitting by the pool with your family, a smile on your face and your wife whispers to you, "you trader, you make my life"

How long will it take for this mental image picture seed that I have planted, to show up on the physical level? Don't know, but if you you yourself add to it and embellish it, it will speed it up. The concept is that its already here in the NOW, not something you will have. Focus on that. Do it for 10 seconds daily.

A 90% closing average good vs bad trades is also figured into the picture for you. Confirm this too in your own mind and feed it daily just by glancing at and smiling and acknowledging it.

I will answer your questions tomorrow as I am drunker than a skunk right now and 3 softies are coming over that I intend to plug in one go. So I don't want to make any mistakes in answering your outstanding questions as the blood is being diverted to the weapon of mass destruction.

You Sir, deserve a sober Fibo not a reprobate Fibo.

 

[fibo_trader]

Not dangerous while drunk but limited ..................

try to establish a method and courage to trail profits. This is truly a piece of cake. Let the trend run, place your STOP just a tad under a MINOR Wave. A trendline under a Macd wave low tells volume about where the momentum of the rising trend has hooks for you to hang your hat. Never be in a hurry to exit and shortchange yourself once a trend gets underway for the following reasons:

The TP levels you see at forums is hocus-pocus janitor income level. think small you gain small and remain a punk for life

The trend tends to continue
It will continue when the majority or all say it is ended.
The time to pay attention to exiting is when every mother's son is cocksure it will continue forever
The trend can reverse without notice. this feature cannot defeat a WAVER who can count from one to five.

I will send you a secret trendline technique by email that would truly fck up all the cats at T2L. they will be given this technique to millions dollars only if they provide me with their trading records - scammers

When you draw a grid of substance on any timeframe, honor it

 

[fibo_trader]

FIBO can beat all these cats with his eyes closed.

Harvard and Yale Missed the Stock Market Rally. Here’s Why.

University endowments have pursued diversification, investing heavily in alternatives like hedge funds and private equity. Why the model may need to change.

www.marketwatch.com

 

[fibo_trader]

Will "sell the news" give me my bear market plunge as per thread title? It could expecially considering the Dow has literally gone nowhere fast for 2 years and is still at my call level, hahahahaha. ................ and this after loads of cash injectins and babysitting of a grown big boy. If it happens, Yikes


Fasten seatbelts, hide and watch. Fibo is rarely wrong.

FIBO beat out the Federal Reserve, US Treasury Secretary Hank Paulson and all the rest of the Goldman Sachs gang that said in 2008 that there was no problem, that there was not going to be any crash. They alll got screwed. But not Fibo. And Fibo was just reasonably good back then but significantly exponentially better now today. flog 'em with my eyes closed.


ROFLMAO

June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."

ROFLMAO

 

[fibo_trader]

Some historical facts for the English cats & Asians who might not know stuff , no problem its boring stuff anyway .....................


Before the 2007 CRASH of our lifetime ...................


Henry (Hank) Paulson was the Treasury Secretary of the United States govt. (as big a shot as you can find)

Ben Bernanke was Federal Reserve Chairman (The FED that everyone talks about) - Remember Alan Greenspan? Same job description.

Under these heavy dudes was a host of cognoscenti including GOLDMAN SACHS and Chase Manhattan Jaime Dimond.

Throw in Warren Buffet and others and you have a consultation team that is EARTH's top-notch Financial specialists. Don't think they consulted with Warren Buffet? Dream on!!!!!!!!!!!!!!!!!!!

My point? With all these MBAs from Harvard, Stanford, Princeton, Yale and Uni. of Chicago, UCLA and whatnot, NONE had a clue in October 2007 that a tsunami of epic proportions was approaching at 600 m. p.h.

There were therefore NO preparations possible like getting to high ground to minimize damage.

THESE CATS WERE ASLEEP. Americans are a very gullible people. We believe our financial leaders - even AFTER they rob us blind and make monkeys of us.

 

[fibo_trader]

Some historical facts for the English cats & Asians who might not know stuff , no problem its boring stuff anyway .....................


Before the 2007 CRASH of our lifetime ...................


Henry (Hank) Paulson was the Treasury Secretary of the United States govt. (as big a shot as you can find)

Ben Bernanke was Federal Reserve Chairman (The FED that everyone talks about) - Remember Alan Greenspan? Same job description.

Under these heavy dudes was a host of cognoscenti including GOLDMAN SACHS and Chase Manhattan Jaime Dimond.

Throw in Warren Buffet and others and you have a consultation team that is EARTH's top-notch Financial specialists. Don't think they consulted with Warren Buffet? Dream on!!!!!!!!!!!!!!!!!!!

My point? With all these MBAs from Harvard, Stanford, Princeton, Yale and Uni. of Chicago, UCLA and whatnot, NONE had a clue in October 2007 that a tsunami of epic proportions was approaching at 600 m. p.h.

There were therefore NO preparations possible like getting to high ground to minimize damage.

THESE CATS WERE ASLEEP. Americans are a very gullible people. We believe our financial leaders - even AFTER they rob us blind and make monkeys of us.

What does this say about the MBA program worldwide?

Right click/send-to/Recycle Bin

 

[fibo_trader]

Even Mr Nobody, a simple fella named Fibo, know-ed something big was amiss and advised, "receding waters, everyone OUT, get to higher ground, hide and watch"

NOBIDY believed me. Not a single mother's son. they all perished.

Ditto for the Great Depression in 1929-32. NOBODY saw it coming. NOT a single financial professional. But they never made any real changes to the business program.

 

[fibo_trader]

FIBO was not around for the GREAT DEPRESSION but had he been and had he decided to be a market timer he could have saved millions of folk. But would they have listened to a fellow with a backpack wearing a T-shirt and no watch or jewelry? Doubtful.

This is once again what the gurus said just before the CRASH got underway


ROFLMAO

June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."

ROFLMAO

 

[fibo_trader]

The March 9, 2009 LOW.



FIBO was surrounded by ultra negativity. There was weeping and gnashing of tits and teeth. Paranoia everywhere. ET and T2W were a disaster. Not a single fella was bullish as the low was approached. In fact both websites got more and more and more and more BEARISH and claimed SELL SELL SELL, the world is ending. Not a single guy from ET or T2W was bullish. And their names are EliteTrader and Trade2Win

ROFLMAO

And they should have been bullish in spades. The evidence was aplenty that they were all bearish to the nth and lost big bucks, their life savings or milk money as the case might have been - but these cats are just robots, followers who come to forums to talk big sh*t knowing full well that with their fake names and identities nobody can question them. They get away with it.


Against this backdrop FIBO called the BEARmarket LOW and urged BUY BUY BUY

Again NOBODY listened.

Just as they are not listening TODAY as the Dow has generated 2 marginally higher tops but for the astute individual with perspicacity its clear Dow has gone nowhere fast for 2 years, killing the time value of money. A totally crappy investment for anyone still LONG. Only the traders had a good time - excellent work for the traders - we are the kings.

 

[fibo_trader]

What is the difference between FIBO and the Technical analysis or Fundamental analysis gurus and Lords and practitioners?

Fibo knows it works to his marrow level, sooooooo fckin deeep its in his bones and it keeps getting better and clearer. It can never reach certainty but it can approach it.

On the other hand the experts only know it intellectually - its party time talk, social conversation - its all a bit unreal really to them, they just play the game of technicians.

 

[fibo_trader]

Fantastico Fibo - but surely we need some heat to be expelled from the GBPUSD. This is currently TOOOOOO HOT!! Surely 4th wave comes later this month when we are meant to be pulling the plug.

I have had a crazy week in the office - so not much chart time allowed. I have had a short triggered off the 1.26900 level excatamondo with a 35 pip profit. Price seems to be kicked from this level previously. So had pending set short for a wee profit on the demo.

I have set myself a target of Christmas to be full capitalisation mode. This will give me a full 9months of testing under my belt with little of my own capital being deployed.

As my only true wisdom is knowing I know nothing.

>>>>>>> As my only true wisdom is knowing I know nothing. <<<<<<<

Ditto for me Sam because all I gots to look at it how little in comparison to how much there is to know = humbling. that's why its not good to hang out with deadbeats because in comparison to them you're a genius. You have to take into account the level of deadbeatness and then exonentialize the intelligence level above that to aim at otherwise you will never get there. Tony Robbins, who T2W Herr Commandant, NVP worships, hisself said so, "get the heck away from such people, its contagious"

Something that might help you in capitalization mode. Drop to lower timeframes, so low that the losses are small enough to be almost painful, then raise the frame as your havingness increases. Not a problem to go down to 1-minute chart and place a trailing stop under rising wave lows for TP methodlogy. Don't place capital at risk in a higher timeframe that is crippling to you. Start with 1-min and find your comfort level. Then move forward slowly until you get to a timeframe of consequence where you feel the jolt in the pit of your stomach.

 

[fibo_trader]

Here are my thoughts on the GBPJPY daily in addition to me old mukka Fibo. Its Friday evening, the Mrs is out, I can look at charts in peace.

Interesting that we are now sitting on the (green) 200EMA, the rosey red trend line kiss for a 3rd time - will this be the kiss of death? Also this is a key level of previous support now turn resistance and of course what looks to be a 5th wave up.. again, each wave count I complete I complete always lands on a 5! is this because I cant see wood through trees?! Who knows.

If I back myself, I am expecting an ABC to form - Starting with a retest of the 136.000 level - some profit taking must take place from the cats jumping in on Thursday (for which I wasn't in on the action sadly). wave C ending at the 0.786 and wave one up commencing from here.

The RSI sets my spidey senses tingling, much too positive to keep roaring away.

The Grey chart - notice how we land at the 50% Fibo of the previous structure high and low on the daily. We are also outside the Bollinger Band (purple) which must pull back as a self fulfilling prophecy...



View attachment 268507

Both Dailys - but one cleaner than the other!!
View attachment 268509

GBPJPY already answered in your thread.

By the way, you were right about this pair, truly magnificente. You see, stuff works both ways. You're teaching me some good stuff, Sam. And I'm sure you know I'm a pan-determined (can play both sides of a game of chess with equal a plomb) student

 

[fibo_trader]

The next sortie attack by new_trader is long overdue. Putting one's life savings in Gold LONG just following the crowd against Fibo's advice to sell causes people to just disappear. $95 down is painful for new_trader. that's why I expect another attack at dead_broke and fibo_trader. This attack will be fierce because he and malaguti locked me up in new_trader's monkey cage and threw away the key.

Such injustice and both are dead wrong on Gold. Malaguti has me on Ignore, now watch how he comes back in to fight again, hahahahaha. so predictable its ridiculous.

new_trader & malaguti come to fibo_trader now. I save you both. So nice of you to lock me in the monkey cage and leave only peanuts and sugarcane juice. Come to Fibo, come back, come now, your losses on GOLD are too staggering for me to sit quite and wish the worst. I want to help you. Come forth now. Have you abandoned your JOurnal thread? Not good. YOu give up too easily. Come to Daddy-O, now

Freinds have commented that there is only 1 set of footprints in the hot desert sand instead of 6 that Fibo+new_trader+malaguti have. That's because FIBO is carrying you both

 

[fibo_trader]

@ 5:38
@6:28
@ 6:38

 

[ssam]

>>>>>>> As my only true wisdom is knowing I know nothing. <<<<<<<

Ditto for me Sam because all I gots to look at it how little in comparison to how much there is to know = humbling. that's why its not good to hang out with deadbeats because in comparison to them you're a genius. You have to take into account the level of deadbeatness and then exonentialize the intelligence level above that to aim at otherwise you will never get there. Tony Robbins, who T2W Herr Commandant, NVP worships, hisself said so, "get the heck away from such people, its contagious"

Something that might help you in capitalization mode. Drop to lower timeframes, so low that the losses are small enough to be almost painful, then raise the frame as your havingness increases. Not a problem to go down to 1-minute chart and place a trailing stop under rising wave lows for TP methodlogy. Don't place capital at risk in a higher timeframe that is crippling to you. Start with 1-min and find your comfort level. Then move forward slowly until you get to a timeframe of consequence where you feel the jolt in the pit of your stomach.

Yes indeedy - I am at the mercy of the markets. I can only align myself to what I can see.

I am cautious amount dropping down too low a time frame, but I shall give it a try at least. I think the 1hr, 2 or 4 hours might work best for me. Catching 30/40 pips here and there. I only shy away from the minute charts as I canny monitor these throughout my normal work day.