DislikedMy kids reckon my choices of songs are boring. How dare they, eh! lol.
Added 1 more fib for tracking price.Ignored
Am at work presently, I'd better go and do some.
Keep smiling
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DislikedMy kids reckon my choices of songs are boring. How dare they, eh! lol.
Added 1 more fib for tracking price.Ignored
DislikedHey all!
I've looked through the first 40 pages of this thread. Very interesting stuff. The information is kind of all over the place though. Here's what I gather.
Place Fib from Swing low to swing high.
Trade the break out of the 0 and 100 levels
Place SL at opposite side of the range.
Place TP at the 138 level
Right?
What happened to the earlier posters of this thread? I hope they didn't move on to something else LOL....Ignored
DislikedOk.
Firstly plot your Fib across one candle only (refer to Skunnys Posts) on a daily chart.
Now if you move to hourly chart your fibs are there.
Now see how the price failed to reach your target.
However upon reversal through 23.6 Fib, 50 Fib gets hit.
How many times does this happen ?
Hope this helps >>>>Ignored
DislikedHad a look at your chart, I agree with your smaller fib. Have a look now, price pierced down thru the 0, rejected and rallied then went back down to 0 (good entry point in my book as all the stops have just been cleared out and the smart buyers should come in here 1.4700). Back up to the 50% a la FX Compass.
Am at work presently, I'd better go and do some.Ignored
DislikedEvening Skong. Just been scanning the thread re weekly candles etc., I'm still looking but have a look at post 679 and 711.
When you moved your fib, had it completed?
Darren.Ignored
DislikedI'm a little hesitant to start this but.......................
This is just an exercise, I am not here to teach a system. Those that want to participate should benefit. What I'm showing you is 1% of what is. This is just a simple step that I believe will help you look at the market a bit different. If you are still looking at the market like 95% of "traders".....well, you know the stats.
Open a weekly chart and blow it up (not literally). Now open your Fibonacci tools and pull a linear fib from the high and low of any candle. Make sure your...Ignored
DislikedI'm prety sure we have not completed until we hit 138.2 or -38.2 as per Skunny. I could be wrong, he was so cryptic.Ignored
DislikedIf skunny wanted us to start out using single weekly candles than can we apply this to single candles on the one hour charts also?Ignored