Tag: price action

How to FUDGE your FIBS 20180520

Where you start and end the fib trace (0-1) is critical
There will be ”obvious” points that mostly work fine.
But often the NON-obvious points fit BETTER.

May 20, 2018

Comment:

The power of Fibs

snapshot

May 25, 2018

Comment:

Interesting example of fib placement.
Instead of starting at the very top of price, I tried a lower peak.
And suddenly the 1.618 and 2.618 extensions locked in perfectly.
So that is what I will use as my Primary Count.

snapshot

May 25, 2018

Comment:

.
Interesting development on the original chart above.
Move up overshot the 3.618 due to geopolitical news.
Then rejected, and a new Fib Retrace shows interesting issues.

snapshot

LTCUSD stars in ”A Tale of Two Fibs”. Litecoin knows the rules

A Tale of Two Fibs

First there was this Blue Fib.
It was born at bottom of a pit.
It had a strong heart with rhythm.

Then came the Green Fib.
It was born in Blue Fib’s lap.
It had strong legs with energy.

To be continued …

.

Jan 6, 2019

Comment:

Green Fib firmly in control now

snapshot

Jan 6, 2019

Comment:

Approaching Green Fib’s previous energy end

snapshot

there must have been a third impulse within, am looking

Jan 6, 2019

Comment:

Then came the Purple Fib.
Born from Blue and Green.
It has an OK start in life.

snapshot

.
This story is coming to and end.
This family picture will remain.
This species will thrive but later.

How Stop Hunts work: Chapter 2 20180503v

This is in follow up to my previous Post about Stop Hunts.

Whales have now gotten two nice meals.
After having digested a nice meal from couple days ago.

But there is good news in the air, more krill on the way.
Goldman Sachs will trade BTC futures. Reddit accepting BTC again.

Perfect media coverage to push into next batch of stops.
Would not surprised to see another one or two pieces of ”good news”.

Or maybe they collapse the whole thing and hunt for krill below.
But they would have to dive pretty deep to find big pockets.
Easier to finish the ”surfacing” move, feast on the 10k stops, then take a nap deep below.

I have NO idea if this is really what is happening.
But makes for a fun story 🙂

The first installment was here:

How Stop Hunts work

Comment:

Hmm… that next treasure chest has to be up here somewhere, KEEP PUSHING

snapshot

Comment:

snapshot

Comment:

Recent developments:

snapshot

Comment:

Hmm, if I were a whale, I might be thinking this:

snapshot

Comment:

Whales are going for the stops below previous support.

snapshot

How Stop Hunts work chapter 1 20180429v

Quick thoughts on recent price action. 
Shows possible thought process of whales / market makers. 

So for my Stop Loss settings, I ask myself: 
-Where are everybody else’s stops? (too much of a target) 
-If I put my stop above/below, what happens to my Risk v Reward formula? 
-If I can not my stop above/below, am I just asking to LOSE that stop?