January 24, 2009
25 Comments
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25 Comments
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dude your videos are amazing ,the best tutorial videos on youtube!
Keep making more!
Comment by atomi50 — January 24, 2009 @ 5:24 pm
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That’s right – you see C best in hindsight, but usually there are still more than enough pips left on the way to D. it is nto about nailing exact tops and bottoms (a gabler’s game) but rather about getting the safe 90% of the pips in-between.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Where exactly do you enter the trade?
You only know point C after it has dropped, so do you enter after it dropped or wait for it come back up?Comment by CheapNPoor — January 24, 2009 @ 5:24 pm
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thanks for your great vids –so helpful
one thing im stuggling with is finding the point “a”s to start my trades from
have always traded indices till now but finding opening times of fx more suitablegreat vids and thanks
Comment by nicnatnattle — January 24, 2009 @ 5:24 pm
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I hate to rain on the parade here..I like what you are trying to do..I just have 1 little problem.
That wasn’t live trading data, you can go into historical data and say “this would have worked here” and “It worked here too” but there will always be a roughly equal number of examples where it doesn’t work. I will say though that since markets are fractal fibbo and Elliot waves do work, but they are no magic bullet. Chinkou span is a more reliable measure of S/R in my opinion.Comment by Codex1 — January 24, 2009 @ 5:24 pm
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Actually, it was Leonardo de Pisa’s – over 800 years ago. Joe’s a wonderful guy (and a very good friend of mine), but he didn’t invent Fibs. And I don’t believe I ever claimed to have either.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Is this a Fibonacci Expansion ?
This is Joe Dinapoli’s idea.
Not yours.
Comment by aroon88 — January 24, 2009 @ 5:24 pm
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I doubt I’ll be making any new videos before 2009, though will certainly keep it mind for future ones. I do a free Fib webinar on FXstreet every Friday – glad to look at charts in real-time with you. In the meantime, pull up a daily Dow chart and draw a Fib from 13131 to 10813 – you’ll find that we’ve been ranging between the 161 and 200% extension levels for the past 3 weeks.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Possible you can show an example video
using a daily timeframe on qqqq?
Or whichever index you choose?
ThanksComment by optiontraderfan — January 24, 2009 @ 5:24 pm
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OsMA (MACD can be used as an alternative) is standard settings – 12,26,9. EMA is 21 applied to the close. The others are simple MAs – 50 and 200.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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You bet. Worked like a charm to find the recent bottoms in the Dow and the S&P.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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50% is valid – statistically it typically goes to 161%.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Hi,
What are the parameters for your OsMA and EMA´s?
Rgds,
Comment by manolosal — January 24, 2009 @ 5:24 pm
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Can this work on daily timeframes with indexes like qqqq?
Comment by optiontraderfan — January 24, 2009 @ 5:24 pm
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Very nice video. Click on my account to see many free forex trading courses.
Comment by smartforextrader — January 24, 2009 @ 5:24 pm
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I’ve been experimenting with fibs in a similar way. I’ve been placing my fibs at the open, pulling them between s&r and trading accordingly after about the first hour. I will be watching more of your videos. Thanks for posting.
Comment by 007380 — January 24, 2009 @ 5:24 pm
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hey look at my profile k
Comment by BrokenHeartedGirl182 — January 24, 2009 @ 5:24 pm
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Thanks, your video was incredibly informative! I do have a question. Will you ever use a 50% “C” Retracement level for your entry point, or will you disregard it, or wait for it to come up to 38.2?
Comment by lazerusmfh — January 24, 2009 @ 5:24 pm
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naughty fun. visit my profile. Z
Comment by b9brap — January 24, 2009 @ 5:24 pm
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No problem… it comes with practice.
Charts on new videos will be cleaner, promise.Comment by fxKnight — January 24, 2009 @ 5:24 pm
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I have a collection of forex autopilot trading videos. Have used myself and found them very profitable. Just want to share with you. Click on my account to see the videos.
Comment by smartforextrader — January 24, 2009 @ 5:24 pm
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Not sure… never traded or studied with him.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Mark Douglas uses this pattern, doesn’t he?
Comment by ZiggyHungga — January 24, 2009 @ 5:24 pm
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Thanks… glad you find it helpful. We’ve made improvements to the chart since then, and hope to make more videos available soon (back then I was testing several systems against one another – hence the mess).
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Stochs and RSI are from the same group (oscillators), so essentially tell yo the same thing. MACD is good, it is from the other (trend-following group). For more info, please see our website, and click on Trading Academy (free).
Comment by fxKnight — January 24, 2009 @ 5:24 pm
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Sorry, the comment form is closed at this time.
dude your videos are amazing ,the best tutorial videos on youtube!
Keep making more!
Comment by atomi50 — January 24, 2009 @ 5:24 pm
That’s right – you see C best in hindsight, but usually there are still more than enough pips left on the way to D. it is nto about nailing exact tops and bottoms (a gabler’s game) but rather about getting the safe 90% of the pips in-between.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
Where exactly do you enter the trade?
You only know point C after it has dropped, so do you enter after it dropped or wait for it come back up?
Comment by CheapNPoor — January 24, 2009 @ 5:24 pm
thanks for your great vids –so helpful
one thing im stuggling with is finding the point “a”s to start my trades from
have always traded indices till now but finding opening times of fx more suitable
great vids and thanks
Comment by nicnatnattle — January 24, 2009 @ 5:24 pm
I hate to rain on the parade here..I like what you are trying to do..I just have 1 little problem.
That wasn’t live trading data, you can go into historical data and say “this would have worked here” and “It worked here too” but there will always be a roughly equal number of examples where it doesn’t work. I will say though that since markets are fractal fibbo and Elliot waves do work, but they are no magic bullet. Chinkou span is a more reliable measure of S/R in my opinion.
Comment by Codex1 — January 24, 2009 @ 5:24 pm
Actually, it was Leonardo de Pisa’s – over 800 years ago. Joe’s a wonderful guy (and a very good friend of mine), but he didn’t invent Fibs. And I don’t believe I ever claimed to have either.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
Is this a Fibonacci Expansion ?
This is Joe Dinapoli’s idea.
Not yours.
Comment by aroon88 — January 24, 2009 @ 5:24 pm
I doubt I’ll be making any new videos before 2009, though will certainly keep it mind for future ones. I do a free Fib webinar on FXstreet every Friday – glad to look at charts in real-time with you. In the meantime, pull up a daily Dow chart and draw a Fib from 13131 to 10813 – you’ll find that we’ve been ranging between the 161 and 200% extension levels for the past 3 weeks.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
Possible you can show an example video
using a daily timeframe on qqqq?
Or whichever index you choose?
Thanks
Comment by optiontraderfan — January 24, 2009 @ 5:24 pm
OsMA (MACD can be used as an alternative) is standard settings – 12,26,9. EMA is 21 applied to the close. The others are simple MAs – 50 and 200.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
You bet. Worked like a charm to find the recent bottoms in the Dow and the S&P.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
50% is valid – statistically it typically goes to 161%.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
Hi,
What are the parameters for your OsMA and EMA´s?
Rgds,
Comment by manolosal — January 24, 2009 @ 5:24 pm
Can this work on daily timeframes with indexes like qqqq?
Comment by optiontraderfan — January 24, 2009 @ 5:24 pm
Very nice video. Click on my account to see many free forex trading courses.
Comment by smartforextrader — January 24, 2009 @ 5:24 pm
I’ve been experimenting with fibs in a similar way. I’ve been placing my fibs at the open, pulling them between s&r and trading accordingly after about the first hour. I will be watching more of your videos. Thanks for posting.
Comment by 007380 — January 24, 2009 @ 5:24 pm
hey look at my profile k
Comment by BrokenHeartedGirl182 — January 24, 2009 @ 5:24 pm
Thanks, your video was incredibly informative! I do have a question. Will you ever use a 50% “C” Retracement level for your entry point, or will you disregard it, or wait for it to come up to 38.2?
Comment by lazerusmfh — January 24, 2009 @ 5:24 pm
naughty fun. visit my profile. Z
Comment by b9brap — January 24, 2009 @ 5:24 pm
No problem… it comes with practice.
Charts on new videos will be cleaner, promise.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
I have a collection of forex autopilot trading videos. Have used myself and found them very profitable. Just want to share with you. Click on my account to see the videos.
Comment by smartforextrader — January 24, 2009 @ 5:24 pm
Not sure… never traded or studied with him.
Comment by fxKnight — January 24, 2009 @ 5:24 pm
Mark Douglas uses this pattern, doesn’t he?
Comment by ZiggyHungga — January 24, 2009 @ 5:24 pm
Thanks… glad you find it helpful. We’ve made improvements to the chart since then, and hope to make more videos available soon (back then I was testing several systems against one another – hence the mess).
Comment by fxKnight — January 24, 2009 @ 5:24 pm
Stochs and RSI are from the same group (oscillators), so essentially tell yo the same thing. MACD is good, it is from the other (trend-following group). For more info, please see our website, and click on Trading Academy (free).
Comment by fxKnight — January 24, 2009 @ 5:24 pm