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- splb007 replied Oct 15, 2008
Forgot to mention… I take all my trades off the 15 minute chart but always look at the 1 and 4 hour. With the 15 minute I can use a very little stoploss and because I know what wave we should be going into on the higher degree, I can let my second ...
Powerful Fib Based System - by DAZfx
- splb007 replied Oct 15, 2008
I look at Elliott Waves and as you probably know the Elliott Wave Principle works on motive and corrective phases. The theory is that in an uptrend you have 5 waves up (numbered) and 3 waves down (lettered). And every wave has smaller subwaves ...
Powerful Fib Based System - by DAZfx
- splb007 replied Oct 14, 2008
You were trading against divergence with that one. Look at the previous swing low on 6 Oct and the low on 10 Oct. When you get divergence like that you normally get an ABC correction, so look for a 3 wave correction before jumping on and as a ...
Powerful Fib Based System - by DAZfx
- splb007 replied Oct 12, 2008
I’m unsure if I’m allowed to post it here... but if anyone wants that 2 part e-book that is similar to this system but goes into more depth and also has other chart patterns besides fib levels for your entry, just send me a private message with your ...
Powerful Fib Based System - by DAZfx
- splb007 replied Oct 12, 2008
Chart and candlestick patterns are the way to go — I’ve been trading a very similar system for the last couple of years with quite good results. I however use 61.8 – 76.4 fib levels and 10-3-3 low/high for my stochastic. I think that those who ...
Powerful Fib Based System - by DAZfx
- Posts by Member Search: 'splb007'