on a shorter time frame this is my chart...
STING
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DislikedWow I did exactly the same and added another sell on 61.8, Stringfx which target is the safest one you think? 100? {image} And I have another question, what is the usage of Fib fan? somebody told me for finding possible pull back lines on fast moved trend, is that correct? If so is it the correct way of drawing? {image}Ignored
Dislikedthere will be a pull back in GU . One reason is that average daily range for the day is over. expecting it might go to 1.4024Ignored
Disliked{quote} @stringfx what do you think about this count? NZDUSD H4 {image}Ignored
Disliked{quote} @stringfx what do you think about this count? NZDUSD H4 {image}Ignored
Disliked{quote} I am also surprised that you asked about this pair coz in your ccfp indicator, you don't see this pair on monthly,weekly or daily. I use ferrufx's indicator to find the pairs that i need to put the count on based on it's strength and weakness. I also use finviz site : https://finviz.com/forex_performance.ashx to check the performance of currencies . i use the data from week, month and month to date to assess the strength. Only then i use EW to plot the counts on the best pairs.Ignored
DislikedHello stringfx, After a long time, though the amount is small, I have gained 35 pips each from EURUSD & USDJPY and also 60 pips from GBPUSD. Thanks for the guidelines.Ignored
Disliked{quote} Wave 3.iv crossed wave 3.i though it''s still above wave 1. Can extended waves break "Wave 4 can NEVER cross in the same price area as Wave 1" rule since Wave 3.iv has already crossed wave 3.i .Ignored
Disliked{quote} Congrats Mav. good on ya. financial freedom is just around the corner !Ignored
Disliked{quote} yes wave iv cannot enter wave 1 territory. besides if you check my second chart on nzd/usd, the price has stopped currently at 38.2 expansion down. i am expecting more down. to 61.8 before nfp.Ignored
Disliked{quote} Thank you stringfx. What is your minimum target for USDCAD?Ignored
Disliked{quote} usdcad daily count and initial targets ( my honest view) {image}Ignored
Disliked{quote} Hello Sting, Thanks for the USDCAD chart. In this situation, normally do you wait to buy until the price crosses above major wave-iii ? (hope I am not asking you too much !)Ignored
Disliked{quote} Mav, I am already in a lot of buys on usdcad. i will check in the next 2 hours as to where this pair is heading (just before nfp) and will take actions accordingly. might close some which are in profit and take some losses as well. but will keep a couple with tight stop losses to go with NFP. anything can happen with this news and it's better to protect your equity which you have build up so far. usually there will a burst of pips up or down then in another 20 minutes after the news you will get a direction as to who wins buyers or sellers....Ignored