hope this clarifies:
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Fibonacci Time Projections 9 replies
Difference between Fibonacci extensions, projections and expansions? 5 replies
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
Mastering False breaks, trendline and fibonacci projections 57 replies
Fibonacci Projections 8 replies
Disliked{quote} 1.000 is a very weak level until it is confirmed. But often, when a signal candle appears, the price is already leaving too far from 1.000. Then I wait for a pullback to 0.786-0.750 and enter there. This is more reliable. +40p for one deal is enough for meIgnored
Disliked{quote} Yup...just dont chase the trade...always listen to this but so hard to do it Thanks BroIgnored
Disliked{quote} i think it's better you show a chart on this. sometimes when candle enter back to fcp, especially for short period of time, it does not mean that fcp need to be adjusted. the original and adjusted fcp can be compared at the point of a followed up breakout point. time and the depth of retrace play an important part.Ignored
Disliked{quote} You must have misunderstood. I don't think trendlines are reliable, let alone a strategy by themselves.Ignored
Disliked{quote} Hi InTheBox & Seysin, here is the graph i meant earlier, after the break a long wick piercing the channel (which is then I entered the trade after this candle), after that a group of candle entered the channel. The MA crossing, few candles after I made my trade. Divergen is there also in the channel. conclusion: after I got stop out then the trade went to TP 1, not my lucky day. What i've made wrong? {image}Ignored
DislikedHi I am new here Could you please correct me with my channel and fib draw? i know fib numbers i haven't setup properly but did i draw the channel correctly also the fib points after that? thanks {image}Ignored
Disliked{quote} Hoichoi, I am still learning, but here is what I saw on the AUDUSD 5 min. The new low pivot at pt1 gives you a better breakout and entry. Its a winner to both targets. :-) https://www.tradingview.com/x/PkmCJehb/Ignored
DislikedHi I am new here Could you please correct me with my channel and fib draw? i know fib numbers i haven't setup properly but did i draw the channel correctly also the fib points after that? thanks {image}Ignored
DislikedThanks for the advice.. Here is the updated chart of my previous chart. I hope this is close to the rules .. I haven't set up the fib level .. will do it later please advice {image}Ignored
DislikedThanks in the box .. appriciate your input I have again attached another chart with current market.. please advice .. if its ok thanks {image}Ignored
DislikedI adjusted the channel as you mentioned even this range market first TP is hit second one almost. But I have a question what is difference between fib channel and normal channel Cheers {image}Ignored