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DislikedThom, the single candle fibbing is an excellent method for me, being a trader on a desk. Setups must occur more often. I think I need to spend some time in Forex Tester. I assume the 61.8 is also key in this method?
MD.Ignored
DislikedThat is exactly the post Ive been looking at mate. Basiclly we fib a candle top to bottom and watch what follows. Due to the short term nature of these you can often get the respect and pierce all in one. There's still more to discover like which inner respect do we need, does it matter which one? Also I'm wondering if we can use more than one candle with our fib....
MD.Ignored
Dislikedalso... if you are looking for a long... fix the top if you are looking for a short fix the bottom... and you can move the fib on the candle..if you do not get respect on the o-100 top and bottom of candle...
for example... looking for a short... move the 38 to the top of the candle and look for respect... also you can ray this BACKWARDS to see if it works..then if nothing look at the 50... then the 61.8
conversely... assuming you get a cand that gets respect off of a 0=-100 on the body of the candle... as the target gets taken... you can...Ignored
Dislikedalso... if you are looking for a long... fix the top if you are looking for a short fix the bottom... and you can move the fib on the candle..if you do not get respect on the o-100 top and bottom of candle...
for example... looking for a short... move the 38 to the top of the candle and look for respect... also you can ray this BACKWARDS to see if it works..then if nothing look at the 50... then the 61.8
conversely... assuming you get a cand that gets respect off of a 0=-100 on the body of the candle... as the target gets taken... you can...Ignored
DislikedYou know I'm bored when I start posting charts for no reason. 61 - pierce - 50.Ignored
DislikedI must say I'm starting to lean towards the shorter candle fib setups. Shorter targets but I'd guess less time at risk = less stress.
MD.Ignored
DislikedMe too! I started fibbing 8 hr single candles watching the swing on the 60 minute and trading the 15 minute. I choose a longer timeframe because I work and many times miss trades.Ignored