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Attachments: Simple Price Action with Fibonacci: Back to Basic
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Simple Price Action with Fibonacci: Back to Basic

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  • Post #61
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  • Feb 11, 2019 11:34am Feb 11, 2019 11:34am
  •  jgadefelth
  • | Joined Jan 2008 | Status: patient trader wannabe | 1,342 Posts
Quoting Remax
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{quote} Its done! {image}
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  • Post #62
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  • Feb 11, 2019 11:36am Feb 11, 2019 11:36am
  •  jgadefelth
  • | Joined Jan 2008 | Status: patient trader wannabe | 1,342 Posts
Quoting Remax
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{image}
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In this example why would we not place stop higher up so yes it would b taken out as the trade progressed ?

Best regards
  • Post #63
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  • Feb 11, 2019 12:52pm Feb 11, 2019 12:52pm
  •  Remax
  • | Joined Jan 2015 | Status: Member | 93 Posts
Quoting jgadefelth
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{quote} In this example why would we not place stop higher up so yes it would b taken out as the trade progressed ? Best regards
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Always be careful with this type of formation.
AO : Break
Price : Rejection (Watch the circle)

Check the space between vertical line. 2 AO Peak and 2 Price.

Attached Image (click to enlarge)
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Name: GBPCHFm#M15.png
Size: 58 KB


And now you see the difference with GBPUSD.

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  • Post #64
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  • Last Post: Feb 11, 2019 2:39pm Feb 11, 2019 2:39pm
  •  jgadefelth
  • | Joined Jan 2008 | Status: patient trader wannabe | 1,342 Posts
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I take your picture and painted it some marked 1 with a red line i think it was there you placed you stop 2 and 3 are the places i wonder why you did not place your stop after enter ?

Thank You.

Best regards
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