were yours looking anything like this Issy?
**edit, excuse me my first fib was backwards**
**edit, excuse me my first fib was backwards**
trading naked.......
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DislikedIssy my 5M cable bouncing in between the DZ and AL......it looks like we'll have a new 5M (GBP/JPY) fib for London open???Ignored
DislikedHi folks,
I've been observing trade set-ups and results by Islander and PipHitman, and they are absolutely stunning!! I would like to ask one question: do you always get into a trade once price breaks the Hi or Lo (0, 100%)of your fib range? Does it matter which way it's going? How do you determine the probability of price proceeding to the destination rather than reverse back to the other side of the decision zone after breaking those levels?
I try to use confluences from multiple higher timeframes to get the general direction of larger cycles. But sometimes the higher timeframes would still be in the neutral zone, and thus don't really help in predicting trend or direction. I would like to hear your thoughts on this. Thank you!
TonyIgnored
DislikedHi folks,
I've been observing trade set-ups and results by Islander and PipHitman, and they are absolutely stunning!! I would like to ask one question: do you always get into a trade once price breaks the Hi or Lo (0, 100%)of your fib range? Does it matter which way it's going? How do you determine the probability of price proceeding to the destination rather than reverse back to the other side of the decision zone after breaking those levels?
I try to use confluences from multiple higher timeframes to get the general direction of larger cycles. But sometimes the higher timeframes would still be in the neutral zone, and thus don't really help in predicting trend or direction. I would like to hear your thoughts on this. Thank you!
TonyIgnored
DislikedFrom what I've been seeing, we have double bottoms on the 3 pair, so I'm watching for the break out long.Ignored
DislikedThanks GM - I see that UJs last low was only 6 pips under its low 4 hours earlier - and now its led the bounce....IF GJ can pull back into the latest DZ (gold) and then exit upwards I'll be buying....Ignored