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The Fibonacci channel projections (FCP)

  • #121
  • Apr 7, 2020 8:21pm Apr 7, 2020 8:21pm
ej target fib 0.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #122
  • Apr 7, 2020 9:11pm Apr 7, 2020 9:11pm
Hi Seysin

Can point 3 be drawn on the 2nd and 4th line of fib channel?
or do we only use the 3rd and 5th line?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #123
  • Apr 7, 2020 11:52pm Apr 7, 2020 11:52pm
Hi to all.
It is possibly sell today in EU....
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  • #124
  • Apr 8, 2020 12:03am Apr 8, 2020 12:03am
Maybe in DAX, NQ
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  • #125
  • Apr 8, 2020 12:29am Apr 8, 2020 12:29am
Quoting Inthebox
Hi Seysin Can point 3 be drawn on the 2nd and 4th line of fib channel? or do we only use the 3rd and 5th line? {image}
Hello.
Chart No.2 should be considered only together with chart 1 (take into account when making a decision).
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  • #126
  • Apr 8, 2020 12:42am Apr 8, 2020 12:42am
Quoting kvak
Hi to all. It is possibly sell today in EU.... {image}
to me, selling is counter trend.
support at blue zone.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #127
  • Apr 8, 2020 1:03am Apr 8, 2020 1:03am
Quoting Seysin32
{quote} Hello. Chart No.2 should be considered only together with chart 1 (take into account when making a decision). {image} {image}
Apart from your chart 1, can chart 2 be discretionary as below, with shorter expectation of target, and not considering the lowest fractal marked in blue?
Thank you for your comment.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #128
  • Apr 8, 2020 1:35am Apr 8, 2020 1:35am
Quoting Inthebox
{quote} Apart from your chart 1, can chart 2 be discretionary as below, with shorter expectation of target, and not considering the lowest fractal marked in blue? Thank you for your comment. {image}
Yes.
The price movement on chart 2 is still inside the wider price movement shown on chart 1.
We can consider chart 2 as finding the best price to enter chart 1. This is the theory.
But in this case, I would be aloof. I like to see a position right away and not look for it.
IMHO.
  • #129
  • Apr 8, 2020 1:42am Apr 8, 2020 1:42am
And one more thing ... On your chart from point 2 to point 3 there is no continuous movement. Price does a small pullback.
  • #130
  • Apr 8, 2020 4:20am Apr 8, 2020 4:20am
en target fib 38.2
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ITB - Seeing Orderliness amongst 'Randomness'
  • #131
  • Apr 8, 2020 4:29am Apr 8, 2020 4:29am
Quoting Inthebox
en target fib 38.2 {image}
  • #132
  • Apr 8, 2020 4:31am Apr 8, 2020 4:31am
Friends, I updated the charts in the first post to more typical ones.
  • #133
  • Apr 8, 2020 4:44am Apr 8, 2020 4:44am
Quoting Seysin32
Friends, I updated the charts in the first post to more typical ones.
Just a suggestion that maybe you can expound on point 3 in post 1. Point 1 and 2 would be quite easy.
What I know now is that point 3 can be either to the right of point 1 or in between point 1 and 2.
A better point 3 would be a straight continuous movement as far as possible from point 1 or point 2.
ITB - Seeing Orderliness amongst 'Randomness'
  • #134
  • Apr 8, 2020 5:34am Apr 8, 2020 5:34am
Thank you, friend, I made changes to post 1 (quoted you).
  • #135
  • Apr 8, 2020 6:50am Apr 8, 2020 6:50am
Simple deal, fresh example:
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  • #136
  • Apr 8, 2020 8:32am Apr 8, 2020 8:32am
gj target fib 161.8
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ITB - Seeing Orderliness amongst 'Randomness'
  • #137
  • Apr 8, 2020 8:48am Apr 8, 2020 8:48am
Quoting Inthebox
gj target fib 161.8 {image}
Good job, matey!
  • #138
  • Apr 8, 2020 11:32pm Apr 8, 2020 11:32pm
Potential Setup.
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  • #139
  • Apr 8, 2020 11:41pm Apr 8, 2020 11:41pm
Quoting Asw
Potential Setup. {image}
Hello!
I think too early. Let's wait.
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  • #140
  • Apr 8, 2020 11:57pm Apr 8, 2020 11:57pm
Quoting Seysin32
{quote} Hello! I think too early. Let's wait. {image}
Between points 1 and 3, there can be bullish candles, just no pullback?

Thanks for your strategy!!

Asw
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