Please,
Can anyone help me check if am correct about this fib's.
thanks,
gbenga
Can anyone help me check if am correct about this fib's.
thanks,
gbenga
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Dislikedgalaxymom (or anyone),
I noticed that many of the charts have three different fibs. I understand the swing and intraday, what is the third fib line that you are drawing, is that a daily chart fib?
What benefit do you have with having multiple fibs on one chart? Do you look for multiple Shorts/Longs to line up for better opportunities to enter the market?
Thanks in advance for your help and explanation.Ignored
DislikedPlease,
Can anyone help me check if am correct about this fib's.
thanks,
gbengaIgnored
DislikedHi Bo, so according to what you are saying here, the Retracement set of Fibs, from the daily chart, should now be moved to todays new High, because its higher than the last retracement swing high from Jan.30/2008, right ??
So if the GBP keeps moving higher, we should keep moving that retracement fib up to the new highs, but at which point do we say that we are back in an uptrend, when the GBP breaks the high on Nov. 19/2007 ??
Maybe you could do a daily chart to show us when you get the time.Ignored
DislikedPlease,
Can anyone help me check if am correct about this fib's.
thanks,
gbengaIgnored
DislikedWhen I look at a USD/CHF chart it seems I only need 3 Fibs at the moment... A downtrend, intraday and the swing....
Is this how you pros would do it or am I missing something?
ThanksIgnored
Dislikedgalaxymom (or anyone),
I noticed that many of the charts have three different fibs. I understand the swing and intraday, what is the third fib line that you are drawing, is that a daily chart fib?
What benefit do you have with having multiple fibs on one chart? Do you look for multiple Shorts/Longs to line up for better opportunities to enter the market?
Thanks in advance for your help and explanation.Ignored
DislikedCare to critique my setup for GBPUSD?
Looks like it is at an interesting point right now as we speak.Ignored
DislikedYes as long as it makes new highs we want to pull the Retracement high along with it, because this will pull the major support levels up the the current high from this counter move to the Down Trend. If price reaches the Down Trend fib levels and is rejected we will look to these points to see if the move up will continue on a bounce from them or the Downtrend to continue if they fail to hold price. We will know from the basic price action or reaction to them if they are tested.Ignored
DislikedThank you Bobokus,
If price action moved up past the Intraday Long would you buy at this point? Or not since the swing fibo lines are so close to the intraday lines?Ignored
DislikedHey Bo,
In my charts I show like what my intraday fibs are showing me regarding support levels at 1.9845. Should I move my intraday to yours and put in an extra swing fib so I can take note of the levels.
ThanksIgnored
DislikedWhere youve got your Intraday is more a 4hour fib than an Intraday, but it is something you need to be watchful for if price continues to be rejected by the fib levels above it as it will need somewhere to go if Resistance holds.Ignored
DislikedHeh ok, one thing i don't do enough is look at the H4 TF.
Thanks againIgnored