My trading journal - plus wave counting bits (old Trumps surprise visit to N.Korea)

[ssam]

update on Love Island

Watched it last nite. Could not watch more than about 15 minutes. Why only 15 minutes? Because I am not a homo but during the show realized quite rapidly that the fellas in the show are all Beta Males who give the females a run for their money - and with 3-4 beers in me I would plug 'em all and make no distinction male or female. Scared the daylights out of me.

Well now you see what we have to contend with -whilst the world and his wife are busy watching this funny business, I choose to watch the charts and youtube for tit bits (of information).

These guys and gals go on to earn a nice wage off the back of this 6week holiday where you're filmed and paid. Seems like a good rocket ready for boarding out of the City. Your USDJPY predictions sounds like that have rocket boosters and afterburners... whilst the Z list fame only pays short term.

impressed that 3-4 beers and you would be dropping some of the smooth moves of our dear friend roosh.

 

[ssam]

(1) Patience. Fibo grid shown is the rock bottom basic retracement grid. In subsequent posts relating to the monthly there will be additional Fibo grids including Extensions, Projections and Measurement. This particular grid takes the 1940 low and the alltime 2008 top to draw the grid. Yes of course you can also do partial grids for the 1984/1985 wave. So the idea in this basic grid shown is that you can use it as a template and apply it all the way to any wave on any timeframe on any instrument.

More difficult grids to follow down the road apiece. But each one will be a grid posted by itself to reduce clutter and maintain clarity. More work? Yes.

Simples. The Fibo Grid - taken from the wicks and not the 'real body' of the candle stick. Reason from wicks is to capture the full extent of the price range in that period? Tell me, do you take into account the candle stick patterns i.e. hammer, doji, gravestone. Or all these all thing you would expect to find in a £3000 FOREX MADE ME A MILLIONAIRE IN 30DAYS course?

Please do not waste much of your time crashing through these Fibo, as much as I appreciate it - there is money to be made in the market for you and I do not want to be wasting your time!

 

[ssam]

EurUsd monthly trendline for current decade

Monthly trend is clearly DOWN DOWN. Warren Buffet and George soros are both LONG the $ big time. So is Master Fibo. This is based purely on Monthly, a domain reserved for the cognoscenti who think in big numbers. Fibo is a small player compared to these big cats but can floor them all in terms of percentage winner. And the best part of it is that Fibo has no use for any sums more than a few mil. Wtf to do with so much money? It makes one mad? The Man said, "its easier for a camel to go thru' the eye of a needle than for a rich man to go to Heaven (symbolic). Give me a billion and I would be very upset, I'd give it away fast and then feel better, much better.

So stop me when I am wrong, here are my fibo rules, any help appreciated;

1) 0 % starts at swing high down to swing low wick.
2) Keep the 11 /23/38/50/61.8/100 % . The though behind this is because the herd use these main fibos as 'self fore filling prophecy' much the same way the wise man giving wife upright organ to play on produces more harmony and rhythm than grand piano.
3) If candle breaks above or below fibo, this sets the flavour for my trade (for the day).
4)the one I dont know the answer to - which kicks harder, the fibo retracement level or the trend line? by the chart below, this would be the trend line.

On the chart below - bearish weekly, but noise around the 61.8%, are we expecting a break to the lower trend line or some bouncey times up to the 50%.

 

[fibo_trader]

EurUSD 4H, your chosen trading timeframe


Short continues unabated despite what's going on in Love Canal, South Central LA, Zimbabwe. Nothing metters no more, not the Land not the money not the woman. euro is in direct fight with $ and on 4H taking it in the yazoo. Nothing else is important. At T2W they will blow steam out the ass about all sorts of fundamental reasons - but not one single one of their reasons and rationale will make any trader a dime. But this will - in spades and bucket full loads of hard core green cash. Close Short when TLX. Also keep eye on RSI TL. Note how nicely Fibo levels responded here, so if 261.8% fails, then we wait for the other 2 shown as likely candidates but if TLX first, take it.

STOP should be already set in the vicinity of the 161.8% level, so you should be having 300k pounds sterling already bagged with total certainty.


If 261.8% fails and price drops lower in nice bars, then be ready to bring your STOP down to just above the 261.8% vicinity. Bag in another 300k.

A cool 600k or thereabouts on just one fck**g trade.

Try doing this with fundamental anal-ysis from T2W non-trader crowd and let me know if you escape walking bow-legged for a decade thereafter.

 

[ssam]

EurUSD 4H, your chosen trading timeframe


Short continues unabated despite what's going on in Love Canal, South Central LA, Zimbabwe. Nothing metters no more, not the Land not the money not the woman. euro is in direct fight with $ and on 4H taking it in the yazoo. Nothing else is important. At T2W they will blow steam out the ass about all sorts of fundamental reasons - but not one single one of their reasons and rationale will make any trader a dime. But this will - in spades and bucket full loads of hard core green cash. Close Short when TLX. Also keep eye on RSI TL. Note how nicely Fibo levels responded here, so if 261.8% fails, then we wait for the other 2 shown as likely candidates but if TLX first, take it.

STOP should be already set in the vicinity of the 161.8% level, so you should be having 300k pounds sterling already bagged with total certainty.


If 261.8% fails and price drops lower in nice bars, then be ready to bring your STOP down to just above the 261.8% vicinity. Bag in another 300k.

A cool 600k or thereabouts on just one fck**g trade.

Try doing this with fundamental anal-ysis from T2W non-trader crowd and let me know if you escape walking bow-legged for a decade thereafter.



View attachment 264550

This is one for the laptop and TV in the morning. Reading some previous posts here - I would be interested to slap your suggestion of the fib numbers as EMA’s. F*k that is woods through the trees shyt3.

Thanks for the charts previous - day by day, black mane grows. But only when brushed will all the shyte, matted stuff fall out. But there are seeds in that matted shyte, seeds which fall to the earth, there are rainy days and sunny days but - in time, a little pocket money is earnt.

Rocket ship set to leave in the next 4 years.

 

[ssam]

My greatest experience of herd mentality - 2 trades I placed on XRP 2 years ago. That shyte was climbing 2/3% per day. Purely every man and his dog set for the rocket ship, only to find out after burners failed.


Interesting times when crypto’s were at their crest.

Was fibo a trend rider then? Or was fibo able to spot trend bend ?

 

[ssam]

EurUSD 4H, your chosen trading timeframe


Short continues unabated despite what's going on in Love Canal, South Central LA, Zimbabwe. Nothing metters no more, not the Land not the money not the woman. euro is in direct fight with $ and on 4H taking it in the yazoo. Nothing else is important. At T2W they will blow steam out the ass about all sorts of fundamental reasons - but not one single one of their reasons and rationale will make any trader a dime. But this will - in spades and bucket full loads of hard core green cash. Close Short when TLX. Also keep eye on RSI TL. Note how nicely Fibo levels responded here, so if 261.8% fails, then we wait for the other 2 shown as likely candidates but if TLX first, take it.

STOP should be already set in the vicinity of the 161.8% level, so you should be having 300k pounds sterling already bagged with total certainty.


If 261.8% fails and price drops lower in nice bars, then be ready to bring your STOP down to just above the 261.8% vicinity. Bag in another 300k.

A cool 600k or thereabouts on just one fck**g trade.

Try doing this with fundamental anal-ysis from T2W non-trader crowd and let me know if you escape walking bow-legged for a decade thereafter.



View attachment 264550

Tomorrow (GMT+1) I will post trading entry and exit ideas on GBPUSD. Interesting as this is slut drop low levels, in the club, 5 pornstar martinis deep - the song apple bottom jeans playing in the back ground. Do you have 1 more martini or settle up the tab

 

[fibo_trader]

Sam, regarding your mentions/questions about Sentiment .....................

Yes Jake Bernstein is a subscription for DSI. It is good and worth it. But you get it for free by hanging around me, hahahaha. But I cannot give you the numbers as it would violate my agreement.

There are many Sentiment providers - one is Sentiment Trader.

Then there is the Vix - this is my fav.

But the creme de la creme of all - that nobody is privy to - simply because they have not cognited on the value of it - akin to casting pearls amongst swine - is - wait for it .......................

#1 EliteTrader.com

#2 Trade2Win.com


Both are sell places to gauge HERD sentiment (feel the temperature of the Herd by putting a thermometer in their collective bum).

You must understand this and use it. It is the absolute best of the best indicator. More to follow

 

[fibo_trader]

Herd Sentiment:

T2W & ET = creme de la creme. Both must be used, not one or the other but both. T2W is a sleepy sort of place with well-behaved graveyard dwellers but ET's burial sites are full of snorers and cussers who wake up in the middle of the nite and holler obscenities and whatnot. The latter gives EMOTION in a sentiment position = very important. But they both go together.

ET: I have narrowed ET down to 30 members whose posts will tell me at any top/bottom what the whole site is thinking and feeling. These are the opinion leaders that the HERD blindly follows.

T2W: Work in progress, don't know the rascals yet. But will soon. (At this current SPX top juncture, putting a thermometer in malagutti's bum reveal a temperature of 97 degrees = very frothy and optimistic and sure that we are going up up up. There are others like him but I need more time to put them in a list.

 

[ssam]

Sam, regarding your mentions/questions about Sentiment .....................

Yes Jake Bernstein is a subscription for DSI. It is good and worth it. But you get it for free by hanging around me, hahahaha. But I cannot give you the numbers as it would violate my agreement.

There are many Sentiment providers - one is Sentiment Trader.

Then there is the Vix - this is my fav.

But the creme de la creme of all - that nobody is privy to - simply because they have not cognited on the value of it - akin to casting pearls amongst swine - is - wait for it .......................

#1 EliteTrader.com

#2 Trade2Win.com


Both are sell places to gauge HERD sentiment (feel the temperature of the Herd by putting a thermometer in their collective bum).

You must understand this and use it. It is the absolute best of the best indicator. More to follow

Again worthy observations!

Once thermometer is inserted fully, after a little wriggling - are you assessing the key word search ‘buy’ ‘sell’ ‘interest in certain pair’

Or is it a case of laying ones cards on the table in the form of a chart and seeing whether people agree or disagree with your assessment

 

[ssam]

Again worthy observations!

Once thermometer is inserted fully, after a little wriggling - are you assessing the key word search ‘buy’ ‘sell’ ‘interest in certain pair’

Or is it a case of laying ones cards on the table in the form of a chart and seeing whether people agree or disagree with your assessment

Ignore ! My above. You answer it all already

 

[fibo_trader]

Again worthy observations!

Once thermometer is inserted fully, after a little wriggling - are you assessing the key word search ‘buy’ ‘sell’ ‘interest in certain pair’

Or is it a case of laying ones cards on the table in the form of a chart and seeing whether people agree or disagree with your assessment

Its an overall feeling along with the intensity of that feeling. for example at ET they can hurt you and want to attack you if you come out and ssay anything about bear market when the top is frothy. Its a sense you will gain from practice. Malagutti here at T2W is a soft spoken fellow, quite likable but is not just 100% certain SPX is going up up up, he is 600% sure. this is what you want. You want XTREME behavior, not just middle of the road stuff. That's why pinning it down is hard because sentiment can always get crazier lopsided - but it is a warning to slow down and take profits and start clearing out of dodge.

 

[fibo_trader]

Tomorrow or Monday I will catch up on the other questions I could not see today, so don't worry, I will get to them all.

Good night amigo

 

[ssam]

Tomorrow or Monday I will catch up on the other questions I could not see today, so don't worry, I will get to them all.

Good night amigo

Worry note most of my questions are just tripe and waffle. I will get posting some charts and my potential entry’s.

Ciao for now

 

[ssam]

Right here goes, GBPUSD - my perception.

I have a bullish stance this week. RSI divergence on the 12hr, lower low on recent low did not carry as much strength as previous low - is the grind down loosing puff? does it need to caffeine? yes?

I have set my buy 1.25353 (for clarity I have switched back to my demo) and sell at 1.26386. getting slapped of the 38 period (EMA) for purposes, I have toyed with shifting this forward 26 periods. Lets wait and see.

If this turns lower, a bounce of the yellow support?

Thoughts?

 

[fibo_trader]

Technical Analysis questions for the Duke of London, Sam - the one and only apparent newbie of exceptional caliber including those found at ET. They say paths cross by accident. They don't know doodly.

(1) When Ivanka Trump was 8 years old, what was her Father's day prayer to God? (hint: Fibonacci not reqd.)

(2) Gynecologist and pizza delivery boy have the same dilemma. What is it? ( hint: Refer to the concept of "view" mentioned a few ago)

(3) complete the sentence ....... Virginity is like a bubble .................

(4) complete the sentence without using trendlines ........... A passionate and deep deep kiss is like ..............



Hint: charting not reqd.

 

[fibo_trader]

Right here goes, GBPUSD - my perception.

I have a bullish stance this week. RSI divergence on the 12hr, lower low on recent low did not carry as much strength as previous low - is the grind down loosing puff? does it need to caffeine? yes?

I have set my buy 1.25353 (for clarity I have switched back to my demo) and sell at 1.26386. getting slapped of the 38 period (EMA) for purposes, I have toyed with shifting this forward 26 periods. Lets wait and see.

If this turns lower, a bounce of the yellow support?

Thoughts? View attachment 264591

Excellent to see you use trendlines even on RSI. Switch from 14 to 21 period RSI, then go into properties and add horizontal lines 38 and 62. Forget about the 70/30.

GBPUSD 12 hrs - I am showing Daily and 4H. Note I suspect you might be right because of the hit on 261.8% Fibo on Daily. Do you see it? White trendlines are Daily, purple are 4H. See them superimposed here.

Trend is down on daily and down on 4H so I would not close short and reverse until a breakout on 4H both Price and RSI terendlines. If you want you can narrow it down by going 1H but use a close STOP if you do.

Caveat: I'm drunker than a skunk right now and pussied out, Man. I might be off my rocker as usual. But I tried to be sane while doing this analysis for you but it might turn out to be anal-ysis. Be careful, Fibo is a bum, a total friggin reprobate.

4H

 

[fibo_trader]

Right here goes, GBPUSD - my perception.



I have set my buy 1.25353 (for clarity I have switched back to my demo) and sell at 1.26386.


Thoughts? View attachment 264591

You are a young trader and therefore carry little baggage. do NOT carry the baggage of T2W and ET bitches who think smaaaaaall and tiny because they have 2k capital and have forgone the forest for the leaves (they do not even see the branches or the tress)

Broaden your view. If you follow these bitches you will be trading on 5-min forever and stuck to the screen and the real promise of trading will fly up your ass and lodge in the transverse colon where even a colonic will not reach. Fck 'em, they are not your brothers, they will kill you quick unless you escape their clutches.

Your entry is reasonable but only if there is a breakout on 1H - which you will figure out. If it need adjustment higher so be it , its OK. The crux is your profit target. If you are placing such close targets because of limited capital then OK, I understand. Continue. do not change a thing.

But know this - you want to lift your eyes and your c*ck up and take the big swing - but using 2 types of Stops, one a catastrophic stop that if all fails you will not be ruined and the other a trailing stop that you adjust as your profits RUN RUN RUN

Lift eyes and see the 161.8% level? If grid is correct, Price might go there. Give it a chance. That's near 1.3200 compared to your 1.2638. And then what if it takes out the intermediate peak marked 50%? You want to earn this juice too - if possible.

So just expand your vision. Think big. Big. Big Big. think big swing. But protect with stops.


One good song can change the world forever - one good trade can change your life forever to a whole new plateau.


The yellow is close enough to the 261.8%


USE STOPs

 

[fibo_trader]

Going back in time cause I was not there but HISTORY is my thing ..........

Just one song can change the world but the 2 big pricks fcked it up for Fibo by not helping the boy. had I been there I would have slapped him around and turned him around and put him bck on his feet. those 2 pricks didn't even care, they just wanted to give up on the deal of the century and bring in a noo cat

38.2% (@ 0:59) (38.2% being the sister of the golden Ratio, 61.8%) in the lead up softness of guitar, then the attack at 1:11 = 50% Fibo, that set the stage for the entrance of the 61.8% Golden Ratio @ 1:44 that surely knocked everyone's socks off, then up to 161.8%, 261.8% and then tapered off. Now I believe, had he been handled by Fibo, he could have taken it to 423.6% and stretched it out to an unsurpassed stunner of epic proportions.

The 2 king shot assholes fcked it up for me

Can't even go to the can in peace no more without some idiots fckin it up for Fibo

 

[ssam]

Technical Analysis questions for the Duke of London, Sam - the one and only apparent newbie of exceptional caliber including those found at ET. They say paths cross by accident. They don't know doodly.

(1) When Ivanka Trump was 8 years old, what was her Father's day prayer to God? (hint: Fibonacci not reqd.) 1989 - (a world before me, a mere twinkle in a eye). Dear god, should I long or short the Dollar if my dad ever makes President.

(2) Gynecologist and pizza delivery boy have the same dilemma. What is it? ( hint: Refer to the concept of "view" mentioned a few ago) I see a few challenges here; 1) when you deal with it all day, you don’t want to eat it when you’re at home
2) you get blinded/fed up/bored of the same view. It’s only when you change position do things look different.
3) pizza guy, sees whole pizza for what it is, never noticed the invidual slices.


(3) complete the sentence ....... Virginity is like a bubble ................. one you pop it, it’s gone for ever. Unless you blow another....

(4) complete the sentence without using trendlines ........... A passionate and deep deep kiss is like .............. reading an iPad outside on a brutally hot and sunny day... Once you have found the angle, you can read it like a boss.

Or slicing a strong onion, fun - but can make you cry.



Hint: charting not reqd.