Another collapse today. It will show hammer at the end of day once buying starts coming at 1.3350/1.34.
FIB Projection- Big guys are using it day in day out.
FIB Projection- Big guys are using it day in day out.
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedFor scalpers ok. Make sure to allways set a (wider) hardstop as well in case you get disconnected, poweroutage, login trouble etc. etc...Ignored
DislikedFor the sake of my longs, let this one be a fake inverted flag.
Usually I would follow this pattern but I have bigger signals against it.Ignored
DislikedNot using any sl or tp. I am watching the screen. I have long term shorts from 1.4900 , 1.4800, 1.4500 and 1.4000 so now i am trading for entertainmentIgnored
DislikedAhh so 10 pips is peanuts onto the big pile. At what point do you think this trend will reverse? My guess is 1.2787Ignored
DislikedAbout the US role, well from 2008 there were very good coordinated moves. So you might also think that US dollar was down last year so they can help their economy and now it's Europe exporters(economy)'s time.
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Dislikedi dont know if it posted or not.. i dont have what it takes to read post atm.. but if you have one for weekly pp i would greatly apreciateIgnored
DislikedThere is more space down to go. Most of greatest analyst also believe the 1.3200 is a hotpsot point. My 161.8 target Fibs expansion says 1.3200.
Well I think it will sink until there for time being and then get retrace a bit well I dont know. Yesterday profit has taken. But not I want to pick some long because I know the retrace will be more after reach 1.3200.
Good luckIgnored
QuoteDislikedKinffisher,
Bear73 who is a professional trader showed me how to use fib projection....I am wondering if your method is the same way.
DO you take the high or low on the 1hr or 15m time frame and and take the 50% fib line to the 80 ma to project or use the fib proj when in a channel and take the 61.8 to the opposite side to project as well?
Just trying to see how you arrived at the fib proj you did? Thanks
QuoteDislikedThere is no need to be "gratest analyst" to do Fibonacci...23.6% gives 1.3214. Will Smart Money go to that point or below it? I do not know...