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Dippers destroyed


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Well, now that I've actually read that article, I'm wondering whether I have to sign up for the SmartMoney account so I can reply, or if I should just drive over to my locally-owned hardware store to buy a pitchfork. I hope some people with accounts over there tear him a new, or preferably several, new ones....

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Lemur,

 

i posted that EUR/USD chart with fib extension only to show that it is not the best place to go short. When I read that you did go short right at the fib extension i thought: "Oh oh, that boy gets into trouble". What you said about fibos is correct, there is always a fibo somewhere :lol: , but when EUR/USD is already more than 100 pips below its day high and it is late friday afternoon then why not say: "ok, here i have that fib extension, I close my short and go into weekend". Fibs are guides, as well as pivot/res/sup, nothing more. It looked like for me that you wanted to chase a move "EUR/USD must go down, because I say it" and from my own expereince in the past I can tell you that almost always when I tried to chase a move I got kicked in the ass. So I only tried to help.

 

But that you dont respect trendlines, I mean wow, you are rejecting one of the core values of trading! :lol:

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Do you see a difference?

 

My chart (10 minutes ago)

http://www.bankfotek.pl/image/519514.jpeg

519514.jpeg

 

Song Mun chart, polish trader, Jan 26 (already posted two days ago, here on IDS or M2M, this is to remind thing)

http://www.bankfotek.pl/image/519516.jpeg

519516.jpeg

 

source:

http://songmun.blox.pl/2010/01/Czyzby-zmiana-trendu.html

original pic:

http://songmun.blox.pl/resource/SP500_intra_structure.png

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Lemur,

 

i posted that EUR/USD chart with fib extension only to show that it is not the best place to go short. When I read that you did go short right at the fib extension i thought: "Oh oh, that boy gets into trouble". What you said about fibos is correct, there is always a fibo somewhere :lol: , but when EUR/USD is already more than 100 pips below its day high and it is late friday afternoon then why not say: "ok, here i have that fib extension, I close my short and go into weekend". Fibs are guides, as well as pivot/res/sup, nothing more. It looked like for me that you wanted to chase a move "EUR/USD must go down, because I say it" and from my own expereince in the past I can tell you that almost always when I tried to chase a move I got kicked in the ass. So I only tried to help.

 

But that you dont respect trendlines, I mean wow, you are rejecting one of the core values of trading! :lol:

 

 

thanks for fib, you should post more often!

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