EU pending
Cancelled the AU from earlier want to wait for a little clearer pic don't like buying a high.
Cancelled the AU from earlier want to wait for a little clearer pic don't like buying a high.
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DislikedHello All,
Just joined FF but been reading and lurking for about last 2 years. Been following most of Hugh's systems, I like using fibs , and used Heiken Ashi in the past. Had a good week last using this system. This is how I have been using it.
Trading from 1 Hr , 4 Hr and Daily charts , which ever gives the signal.
The fibs I draw are as follows
On the 1 Hr chart I draw the fib of the previous day
On the 4 Hr chart the fib of previous week
On the Daily chart the fib of previous month.
I consider the signal invalid when candle closes past 75...Ignored
DislikedHi Hugh,
The way I account for trend is as follows, for example on 1 Hr chart, the previous day if the daily low was put in first then the high looking for up trend to continue so looking for buys, if the previous daily low taken out, ie 100 % fib take this as trend change.
Cheers
MarkIgnored
DislikedHi Hugh,
The way I account for trend is as follows, for example on 1 Hr chart, the previous day if the daily low was put in first then the high looking for up trend to continue so looking for buys, if the previous daily low taken out, ie 100 % fib take this as trend change.
Cheers
MarkIgnored