I was waiting for a pullback to enter as I missed the initial move. Never got one. There's always another trade coming along.
Nevermind.
MD.
Nevermind.
MD.
Keep smiling
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DislikedI was waiting for a pullback to enter as I missed the initial move. Never got one. There's always another trade coming along.
Nevermind.
MD.Ignored
DislikedThere's a couple of ways of doing this. You can move your fib every day to the next days finished candle, or you can try this. Go back a ways, a month should be enough. Fib a daily candle, only move that fib when one of the 138's get hit. When they get hit move it to the finished candle that hits. Sometimes when you fib a daily candle then zoom to an hour the fib does not fall on a complete swing but this is quite rare. More often than not the daily fib will encompass a major high and low. Go and have fun fibbling with yourself.
I typed this on...Ignored
DislikedIs there a way to Know which Fib Ext, Price will go to when fibbing the daily single candle. Like if it's going to the 1.382 or the 1.618. I know Skunny said that the 1.618 is irrelevant but I thought that maybe you had some inside info on the matter.Ignored
DislikedIt was a perfect break to 138 using yesterdays candle fib. I think USDCAD had a 138 trade and a reversal as well today, the first one not in my timezone. Actually the USD CAD reversal is a good example to question how stops would be managed. I'll let you have a look at that compass. I don't want to post a chart yet, Checkz has enough to get his teeth into.
MD.Ignored
DislikedYep, totally agree Md, 138 trade then reversal - imagine what we could be making if this sort of trade was thrown up daily.Ignored
DislikedYep, totally agree Md, 138 trade then reversal - imagine what we could be making if this sort of trade was thrown up daily.Ignored
DislikedI was waiting for this question to come up, probably the most important question asked so far. You are going to make a great trader Checkz.
Make sure you are sitting down when you test this out, it will blow your mind. Important note : retracement level means the largest retracement level in the wave you are measuring.
Retracement level to Target level : Accuracy 77% from past testing.
23.6% goes to 127%
38.2% goes to 138.2%
50/61.8% goes to 161.8%
78.6% goes to...Ignored
DislikedI waited for this trade and got the entry I wanted.
This one didn't make it .Ignored
DislikedSo if i am understanding this correctly, GU 138 was hit yesterday. So new fib plot should be drawn on yesterday's candle? Price has bounced nicely of the 23.6, so there is a 77% chance price will drop to around the 127 area? Also i just wanted to confirm 2 things, when drawing fibs,...Ignored