DislikedHi, KEN
Now I can see further! and I can see deeper!
Now I know I need to wait for the interested area! So I increase my patience a bit!
Now I know I have at least 4 tools: PA, PPA, Fibo, MA. I feel I have confidence.
But, I know I need more practise to conbine using those tools.
I draw some Fibo on my 1h chart. I have one question regarding how to chose the top and bottom of Fibo. If you have time, please share your experience. Thanks.Ignored
Good Evening .. I would use the red one first when price moved above the top of your fib move to the next and so forth . But one of those fibs is alos going to corespond to a level on your 4 Hr or daily chart and because of thta it will be more important.
Also it isn't the fib alone but the combination of everything. So always look for some confluence in inside your trading zone. when you find some then you know where to be looking..
Hope This Helps Ken
PS sorry .. The why not here areas why didn't you pick them ? because they are not defined, They are more consolidating areas than anything..
Good Trading To All ; Ken Lee