PA based LTG

Quoting ensale

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Here on Gyen (5min, we don't trade this but for illustration) today. same as explained above. {image}

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Quoting dean1star

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{quote} GBPUSD showed a similar set up earlier on with the one hour chart - the trade was on but a great help was using the fibs from the low to the high over the last month - or was this a coincidence. A trade is a trade as they say. Also pretty near to a double top if you give or take the odd wick and the short hit the daily target nicely. {image}

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Quoting dean1star

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{quote} GBPUSD showed a similar set up earlier on with the one hour chart - the trade was on but a great help was using the fibs from the low to the high over the last month - or was this a coincidence. A trade is a trade as they say. Also pretty near to a double top if you give or take the odd wick and the short hit the daily target nicely. {image}

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Quoting Reamasesa

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This thread is great. Reminded me of my early days in stock trading when my instructor told me that DT/DB were powerful points, I've since forgotten this and went in search of other patterns and strategies but this is simple and will keep you out of troubles most of the time and yield some profits even if you take the conservative route and not the aggressive one. You're explaining it very well and in a simple way that can be followed easily. Thanks.

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Quoting stevepatt

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{quote} Hi Ensale, Good to see you with your own thread. I believe it is important to be aware of PRICE in accordance with Whole and Half Numbers. Banks and Institutions use them for Accumulating and Distributing their positions. Take a look at the GBP/AUD Chart with Whole and Half Numbers added and see how PRICE behaves around them Take a look at any Pair and you will see the same thing. {image}

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Quoting catalin_eros

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UJ, H4, DB with stop hunt. {image}

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Quoting ensale

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Ok... A bit about myself. On the FX Journey for +5 years, had no complete method. A certain mentor (mentor's) changed that for me, one of them is genie. Now this thread will be about sharing what each mentor taught me. That's what genie stands for.. But first we start with the first mentor. the first 100 pages of this thread will be about Double top's/Double top's/fibanochi H4/D1 and all throughout this thread, the theme is price action. from basic-intermediary-advanced. I think it will be exciting and hugely helpful to you if you go through the...

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Quoting krismitt

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EURNZD DOUBLE TOP? No Stop Hunt but exactly at the 38.2% Fib Retrace. {image} Cheers.

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Quoting krismitt

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EURNZD DOUBLE TOP? No Stop Hunt but exactly at the 38.2% Fib Retrace. {image} Cheers.

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Quoting stevepatt

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{quote} Hi Krismitt, Banks and Institution aren't looking at Random Fib. Levels to place their Orders. They use Whole and Half Numbers to do this. Take a look at any Chart and see where the Major Swing take place. {image}

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Quoting ensale

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{quote} The problem when trading any level is knowing when it comes into play. so for example whole number etc. i see your point but tell me does each one come into play the same way? NO. it's how you trade price action that defines how much usefulness you get out of each level.

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Quoting ensale

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We have this beauty today on crude oil today. I've drawn the fib's for introduction and tomorrow we go through the fib's in more detail! {image} For crude bug's this was a 100 + point move. 3 point's short of our prime fib target. which is the 127.2 fib extension.

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