DislikedHi Nut, I am still practicing your system, I hope i am understating the basic, please look at my GBPJPY Daily: I am looking at 4 periods(since 2018/02/01) in terms of my practice, Wow, your system is a killer, {image}Ignored
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{quote} Sorry, I missed this post, I am reading no books on the market but have read many over the years and taken a little from each and the attempted to find the holy grail which as we know does not exist. If I were to read any further books they would be on price action alone perhaps coupled with Fibs. Books that use angles, lines, mythological stories now bore me to death. As for trading psychology, I think these books a total scam. They assume every trader displays the same traits and the author knows a cure for all. I took a look at myself...
Thank you so much Nut, your answer is so profound and I understand.
"Just looking at your system may not be the answer, your personal situation is important". I am with you here....
power!!!with your system:
#I understand how to place datum now,
#I am now working on my entries....
#I am reading your thread again from 1st page to understand 38.2 level I believe there is power when price hit 38.2 level,,,,
Thank you again
Hey Nut,
Thanks for sharing this. Great S/R levels!
I knocked up a little tool to make placing fibs a cinch in MT4.
It is a EA so it has to be installed in your EA folder.
Drag the EA onto a chart and you should see this:
Click on the new fib button and you should see this:
Drag the fib to where you want.
Press the Expand button.
Press the expand button again:
And again....you get the picture...we might be at a turning point on usdnok?
Now press the lock fib button and move the "live Fib" out out of the way and you will see the locked fib underneath in dashed lines......keep going on and on
Delete all deletes....err.....all fibs on the chart and there are buttons to change TF too.
Alerts are coming in the next update when I get some time....they will be switchable from the chart via a little button somewhere on the fib line.
Enjoy
Moof
Edit: Ooops...forgot to attach the EA...hahaha
Thanks for sharing this. Great S/R levels!
I knocked up a little tool to make placing fibs a cinch in MT4.
It is a EA so it has to be installed in your EA folder.
Drag the EA onto a chart and you should see this:
Click on the new fib button and you should see this:
Drag the fib to where you want.
Press the Expand button.
Press the expand button again:
And again....you get the picture...we might be at a turning point on usdnok?
Now press the lock fib button and move the "live Fib" out out of the way and you will see the locked fib underneath in dashed lines......keep going on and on
Delete all deletes....err.....all fibs on the chart and there are buttons to change TF too.
Alerts are coming in the next update when I get some time....they will be switchable from the chart via a little button somewhere on the fib line.
Enjoy
Moof
Edit: Ooops...forgot to attach the EA...hahaha
I have done a update,
Functionality is basically the same but its much better under the hood.
It now uses the built in mt4 fib instead of calculating the fibs within the EA.
Lines are extended to the right of the chart and I've fixed the Z order so the buttons are always on top of the lines.
Alerts are still not ready.
Cheers
Moof
Functionality is basically the same but its much better under the hood.
It now uses the built in mt4 fib instead of calculating the fibs within the EA.
Lines are extended to the right of the chart and I've fixed the Z order so the buttons are always on top of the lines.
Alerts are still not ready.
Cheers
Moof
{quote} Sir you don't know how much you changed my life, thank youuuuu!~ This is the missing piece in my strategy. Now I know how to time my entries better and avoid huge drawdownsStill kinda tricky when it comes to CHF pairs (at least for me), but highly helpful for the rest, not only in FX but I'm starting to apply this too in equities and cryptocurrencies
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