Dislikedi saw that too..... will fix it.
The pips counts are correct however.
SqIgnored
You gotta know when to hold 'em, know when to fold 'em ...
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
Dislikedi saw that too..... will fix it.
The pips counts are correct however.
SqIgnored
QuoteDislikedI'm just trying to find a good balance between quantity and quality. I'm just going with whatever gives the best average pips.
DislikedIt took 5 more bars to confirm direction. Entry on the red arrow, TP on the green.
Come on guys, speak up and tell us all your experiences. I am not a signal service. This is supposed to be a group effort. Who was following this same trade, and how did you trade it? Details, details!
FxHIgnored
DislikedI was following as well. However, by the time I saw it, PA was retracing from the 1. 4432 Fib area and I was of the opinion that I had missed out on the move. I decided to wait for a retrace to the CZ and a new BO, or for a new CZ to form. This decision under the theory that there will always be another trade to come along.
I would appreciate your comments on my thinking.Ignored
DislikedThanks for stepping into the discussion.
snip ...
In my opinion Fib lines are no different than RSI or Stochs.
snip ....Ignored
DislikedThanks for stepping into the discussion.
They can be right, but are they always?Ignored
DislikedIt appears to me that Fibs are self fulfilling, as was pointed out above. Because so many traders pay attention to them, and so many orders are placed around them, the PA seems to stall there and retrace, or regroup and continue.
As a newb, they provide some guidance for me. It helps me visualize what I expect more experienced traders are doing, or may do.
I find this thread and Breakout analysis to be extremely valuable. The fibs, although not part of FxH system, are helpful to me.Ignored