Dislikedyes jeff that just blew all our 1 counts out the window on the 1hour I now have it sitting on top of that spike.....doe !
Although the 1 count on the 5min is still valid and we now have a 2 count
Cheers
PIgnored
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Dislikedyes jeff that just blew all our 1 counts out the window on the 1hour I now have it sitting on top of that spike.....doe !
Although the 1 count on the 5min is still valid and we now have a 2 count
Cheers
PIgnored
Disliked...i take it you've inadvertently pulled your fib the wrong way around?...we need 3098 or so for the 3.Ignored
All above is normal with the 123 set up
So once our 3 count has gone in we draw a line along the highs of the candles as shown in the piccy below.When we get a candle that closes above the line ..not breaks it but closes above it we go long
In the case of the 1st example we get 5 extra pips as our TP will be the same .In the 2nd example we get 7 extra pips
On the 1hour trade today an extra 45 pips
Cheers
P
DislikedP, just need to clear this up in my head. We had the successful short, so we're then looking for the long...the fib you pulled seems to be for shorts?Ignored
DislikedHi sidefx,
just for share with you enclosure my set up 123s yesterday for the EU on 5MTF
Cheers
Ignored
DislikedWhat is done when a position (here in U/J) drifts into the Asian markets?
http://i13.photobucket.com/albums/a288/stljeffbb/UJ.jpgIgnored
DislikedP, just need to clear this up in my head. We had the successful short, so we're then looking for the long...the fib you pulled seems to be for shorts?Ignored
DislikedWe draw from 1 to 2...2 is the level we need to break to go long
if at 1 is 0% and 2 is 100%
Then 61.8% should be in the upper half as price has to pull back from 2 down to the 61.8% level
PIgnored
Disliked...if we're pulling a long fib from 1 to 2, then a retracement to the 61.8% price of that swing has to be below the 50% price, surely??...it's semantics, i guess but it makes a big difference in qualifying the setups...i'm not trying to be pedantic, i just want to be completely clear....i'll just use the 38.2% instead as it makes more sense to me, based on how i interpret fib retracements. Thanks for your continued patienceIgnored
DislikedThanks for sharing your chart...have to be honest and say i'm not sure how you're trading it I don't expect you to tell me, by the wayIgnored