If questions are allowed: How do you decide for which swings you draw the fib's? On the attached ss you can see two possible swings where fibs could be drawn.
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Disliked{quote} GBPUSD short trade. This is a counter trend trade, some traders may like to do partial tp with 40-50 pips and leave sl @ b/e on the rest. {image}Ignored
Disliked{quote} EURUSD, short trade. Possible long setup (the blue line is weekly pivot) {image}Ignored
DislikedGBPJPY, I don't know if anyone traded that confluence setup @ 137.50. Possible short setup @ 140 {image}Ignored
Disliked{quote} Ok, I think we can all agree EU got absolutely hammered. Lets look for short setups {image}Ignored
Disliked{quote} Hi I'd like to ask you if you use any sort of confirmation before taking the trade in any direction at the level? For example on this EG your entry is almost exactly at the level price so it appears to be entry via pending order right on the level.Ignored
DislikedIf questions are allowed: How do you decide for which swings you draw the fib's? On the attached ss you can see two possible swings where fibs could be drawn. {image}Ignored
Disliked{quote} It depends on your experience level and your confidence in the setup. I do limit orders and also do market orders based on smaller TF. Look at this GU for example. I had a pending sell @ 1.34 (my pre-planned short setup), but I was looking at M5 and decided to pull the trigger based on pa and divergence. Also note that I took the trade after I saw the first drop on M5, meaning I sold the small retracement up just below 1.34 {image}Ignored
DislikedGBPUSD, trend is bullish. Possible long setup @ 1.33, and short setups @ 1.34 and 1348-1.135 {image}Ignored
Disliked{quote} GBPUSD, short trade update, moved tp to 1.32. Let's see how this trade develops. {image}Ignored
Disliked{quote} Ok, I think we can all agree EU got absolutely hammered. Lets look for short setups {image}Ignored
Disliked{quote} EU, short trade update. We should have gone all in. Lets see if we can sell more on retracement (in case we get any). {image}Ignored
Disliked{quote} Looks a good location for an addition. Scalping 1.18? let's if we at least a few out of it. {image}Ignored
Disliked{quote} It may also be be forming right now on the H1 if such a pattern exists. Perhaps even 4th Drive. Also quick one spotted on GBPAUD - 61.8 retracement of move down at 1.83. {image}Ignored