DislikedHi Robby,
Care to tell me the reason for picking this level? I asked because it is very far from the area marked/zone by you around 1.5880.
ThanksIgnored
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DislikedRobby, you are doing a great job. Thanks for teaching you system here. Criticizing another person's system without offering solution, I think is an act of foolishness. Someone is telling us about Watson/Ficher scalp level without telling us how to apply it. Isn't that being dumb? I just wonder.
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DislikedHey Robby:
Your kindness to help people is greatly appreciated. Your trading is based on sound techniques. Your 4h thread works great too:
http://www.forexfactory.com/showthread.php?t=149508
I certainly want to try this update to the method you now work with.
God is blessing you,
SteveIgnored
DislikedFollowing Robby's teaching the 1h chart shows the channel connecting last swing high to last swing low. You can see the .382 green upward daily fib line that has been broken, the blue bottom line of the weekly channel at the very bottom of the screen shot that has held; finally the 1h fibs showing the .382 to .618 "entry zone" telling us to start looking for 5m entries. I added the yellow resistance line Robby pointed out in previous post.
The 5m shows price inside the "entry zone" of the .382-.618 fib from the 1h or 4h chart with a yellow...Ignored
DislikedHi Robby,
this looks very interesting, thanks for sharing.
Out of curiosity: would you mind explaining what the range detector signals?
Thanks a lot!
PGIgnored
DislikedOk People what is happening right now is what i call fib trapping the market, we have a down fib and an up fib, we are seing higher lows, which suggest a potential rebounce to the upside unless the blue fib is violated to the downside, personally i am in a short trade +20 pips as i write this but i will be careful with this trade and as you can see on the chart below, the 38.2 up fib is acting as support so "maybe" we are confronting a "BUY ZONE", look for confirmation of the indis heading up, but be careful at this stage since the 1.5650 resistance...Ignored