Disliked{quote} mine doesn't look correct. not sure what I am doing wrong. do not deal with fibos or its properties much. {image}Ignored
Request for a little bit of help with some Broker info - MT4 49 replies
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Disliked{quote} mine doesn't look correct. not sure what I am doing wrong. do not deal with fibos or its properties much. {image}Ignored
DislikedOK slightly pre empting here but if we see that this is the low of the Today then as near as we have two bounces off the 38.2 fibs i think this is near to a working example I have taken from the low of today back to the high of the day if this low level holds at the close of today then these would be the fib levels for tomorrow with an eye on the 38.2 and if we get to a 61.8 then we use this level as a 0 line and consider a further rejection zone at the revised 38.2 zone which is taken from the new 0 fibs on the original 61.8 level however it might...Ignored
Disliked{quote} Using the most recent swing high as a datum distorts your charts you need to look for an earlier high, preferably the previous highest hig...at least that's what Nut has been doing so far.Ignored
DislikedHi all These posts have highlighted that drawing the initial datum line is unclear, unless we get this correct we are going to be wrong. This point is my fault and I must correct the situation. I have an idea that should give consistancy and accuracy to all, this needs time to complete so I shall test it on many charts over the weekend and report back as soon as possible next week.Ignored
Disliked{quote} Read the posts on selecting a datum, I usually use from the last high at (A) to the previous low. Set one fob point at the high and the other at the datum (0) that is it. {image}Ignored
Disliked{quote} A good question, I would not know where to start but I can begin to find out.Ignored