Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Fibonacci Time Projections 9 replies

Difference between Fibonacci extensions, projections and expansions? 5 replies

What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

Mastering False breaks, trendline and fibonacci projections 57 replies

Fibonacci Projections 8 replies

Attachments: The Fibonacci channel projections (FCP)
Exit Attachments

The Fibonacci channel projections (FCP)

result:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_11.02.21_2.JPG Size: 210 KB
Quoting Seysin32
EUR/USD simple scalp {image}
Hey Seysin,

Did you take your entry on the 1st circle and then again at the 2nd? Double dip?
Quoting JiveTrader
{quote} Hey Seysin, Did you take your entry on the 1st circle and then again at the 2nd? Double dip?
Hello! I took only on the first, did not add any more. I just noted the second possibility, if I had not previously entered.
See how this place looked on m15.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.JPG Size: 223 KB
Hey Seysin,

I noticed that your Fibos lately display a TP3 and TP4. I know you said previously that if you get a reaction .236 level that the chances increase that prices goes to the .146 level (past TP2). Can you expand on when you think TP3 and 4 would be hit? Thanks.
Quoting JiveTrader
...I noticed that your Fibos lately display a TP3 and TP4...
TP3, TP4 levels are more often reached on lower timeframes. Usually when scalping.
Quoting JiveTrader
...Can you expand on when you think TP3 and 4 would be hit?...
Yes.
Quoting Seysin32
{quote} TP3, TP4 levels are more often reached on lower timeframes. Usually when scalping. {quote} Yes.
When you say lower timeframes are you saying m1 & m5?
Quoting JiveTrader
{quote} When you say lower timeframes are you saying m1 & m5?
Yes.
Actually, I don't think Fibonacci is something quite practical. The support and resistance levels are very intensive, which from the current point of view, is very easy to prove past candles perfectly match Fibonacci theories.
EUR/USD
simple scalp:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_15.02.21.JPG Size: 239 KB
one more, but in the opposite direction...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_15.02.21_2.JPG Size: 144 KB
Quoting Seysin32
one more, but in the opposite direction... {image}
Have you closed it already?
Not yet, I rebuilt the model based on higher timeframes,
if it breaks, then I will close it.
Quoting Seysin32
Not yet, I rebuilt the model based on higher timeframes, if it breaks, then I will close it.
As you might see on other thread, I expect 1,2149. Then we might see a reverse, I think.
Your plan is good, Sei.
Quoting Seysin32
EUR/USD simple scalp: {image}
Hey Seysin,

Looks like the trigger candle (one with the circle on top) closes it is already at TP1. When that happens do you usually expect it to get to another level? How do you manage your position in this instance?
Quoting JiveTrader
{quote} Hey Seysin, Looks like the trigger candle (one with the circle on top) closes it is already at TP1. When that happens do you usually expect it to get to another level? How do you manage your position in this instance?
Hello!
Yes, as I wrote earlier, on m1 we get broader targets TP3, TP4, etc.
I put SL behind the trigger-line on which the candlestick appeared, or behind the local Hi/Lo if it is not far away.
As you can see, the next deal went against me. And I went out with a loss in two parts. I assumed the possibility of such a scenario,
since m15 gave the opposite signal, but I was based on larger timeframes, it was not good for scalping. From m1 no need to go further than m30-m15.
In any case, we continue.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.JPG Size: 100 KB
A simple scalp right now, very accurate:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_25.02.21.JPG Size: 208 KB
and one more:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_25.02.21_2.JPG Size: 266 KB
retrospect:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15_26.02.21.JPG Size: 377 KB
simple scalp:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_26.02.21.JPG Size: 267 KB
Quoting Seysin32
simple scalp: {image}

The worst template I have ever seen...
0 traders viewing now