The Fibonacci channel projections (FCP) | Page 14 | Forex Factory

Options

Go to
Permalinks
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)

  • #261
  • Apr 14, 2020 8:04am Apr 14, 2020 8:04am
Quoting DonPitt
EURUSD m1 {image}
Be careful with m1.
  • #262
  • Apr 14, 2020 8:11am Apr 14, 2020 8:11am
Quoting Seysin32
{quote} Be careful with m1.
I will...just spotted it and decided to take the trade...
  • #263
  • Apr 14, 2020 8:13am Apr 14, 2020 8:13am
Quoting DonPitt
{quote} I will...just spotted it and decided to take the trade...
  • #264
  • Apr 14, 2020 8:46am Apr 14, 2020 8:46am
Quoting Seysin32
{quote} Your TL is incorrectly built, compare with my chart. {image}
Hi @Seysin32,

Thank you for your guidance. I am trying to figure out what has gone wrong with my charting. Is it because of the new low (Point 3)?
Attached Image (click to enlarge)
Click to Enlarge Name: seysin32-chart.PNG Size: 345 KB
Knowing is not enough, we must apply. Willing is not enough, we must do.
  • #265
  • Apr 14, 2020 8:58am Apr 14, 2020 8:58am
generally speaking, i think majority of the time ......

if point 3 appears after point 1 -> use FCP mid line.
if point 3 appears after point 2 -> use FCP outer line.
ITB - Seeing Orderliness amongst 'Randomness'
  • #266
  • Apr 14, 2020 9:15am Apr 14, 2020 9:15am
Quoting Inthebox
generally speaking, i think majority of the time ...... if point 3 appears after point 1 -> use FCP mid line. if point 3 appears after point 2 -> use FCP outer line.
Hi @Inthebox,

Thanks for sharing as well. In addition, I am thinking point 3 might due to the use of Sperandeo method to draw trend lines. Perhaps @Seysin32 could guide us further.
Knowing is not enough, we must apply. Willing is not enough, we must do.
  • #267
  • Apr 14, 2020 9:29am Apr 14, 2020 9:29am
Quoting Unmotivated
{quote} Hi @Inthebox, Thanks for sharing as well. In addition, I am thinking point 3 might due to the use of Sperandeo method to draw trend lines. Perhaps @Seysin32 could guide us further.
The Sperandeo method means that after price had broken the FCP channel, it retraces back to fib 100 or 75/78.6 for entry.
ITB - Seeing Orderliness amongst 'Randomness'
  • #268
  • Apr 14, 2020 10:07am Apr 14, 2020 10:07am
loosen up a bit.
Usain Bolt's "social distancing".
https://www.msn.com/en-sg/sport/foot...n52?li=BBr8YXK
ITB - Seeing Orderliness amongst 'Randomness'
  • #269
  • Apr 14, 2020 10:09am Apr 14, 2020 10:09am
The rules for constructing a TL, channel and choosing point 3 are quite simple. Follow them and the price will "respect" the lines of your projection with amazing accuracy. However, as with everything else, practice is needed. Trainings more on the old charts, you can always check your FСP and see where you made a mistake.
Important note. Always consider your FСP model in the context of other information - other signals, S/R levels on higher timeframes, etc. The only way. In this case, you will not have confusion in your head. If you are working on the m5 chart, open the H1 chart, see if there is a model of the FCP there? What will you do - look for a Buy or Sell? When everything is clear, go back to m5 and build the FCP model in the right direction. For example, some time ago I published a deal in which I was looking for an entry point for H1 at the levels TP1/TP2 m5.
  • #270
  • Apr 14, 2020 10:23am Apr 14, 2020 10:23am
Hi Seysin32.
Thank you for your guidance,
Can you kindly let me know if this is correct if not...what is wrong?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: US30 H1.jpg Size: 448 KB
  • #271
  • Apr 14, 2020 10:26am Apr 14, 2020 10:26am
eurusd m5...waiting for it to give me a good signal for a sell...any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #272
  • Apr 14, 2020 10:33am Apr 14, 2020 10:33am
Quoting Inthebox
ej m15 setup {image}
result
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 18 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #273
  • Apr 14, 2020 10:48am Apr 14, 2020 10:48am
Quoting nothing00
Hi Seysin32. Thank you for your guidance, Can you kindly let me know if this is correct if not...what is wrong? Thanks {image}
All is correct. Wait for development and signals.
  • #274
  • Apr 14, 2020 10:53am Apr 14, 2020 10:53am
Quoting DonPitt
eurusd m5...waiting for it to give me a good signal for a sell...any comments? {image}
While I do not see a signal candle for sale. You need to wait.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5.JPG Size: 141 KB

And one more thing - the end of the day. I'm finishing for today.
  • #275
  • Apr 14, 2020 12:46pm Apr 14, 2020 12:46pm
Quoting Seysin32
{quote} While I do not see a signal candle for sale. You need to wait. {image} And one more thing - the end of the day. I'm finishing for today.
Does it necessary to post my charts here to show that I have been following the thread since it started!?!
  • #276
  • Apr 14, 2020 1:32pm Apr 14, 2020 1:32pm
Quoting Inthebox
{quote} closed with loss. strong upward momentum.
the comeback kid.
ea m30 horizontal fcp.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 16 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #277
  • Apr 14, 2020 1:49pm Apr 14, 2020 1:49pm
Quoting InferiorHost
{quote} Does it necessary to post my charts here to show that I have been following the thread since it started!?!
Of course not. As you wish. Just take and use.
  • #278
  • Edited 3:27pm Apr 14, 2020 1:54pm | Edited 3:27pm
  • #279
  • Apr 14, 2020 1:57pm Apr 14, 2020 1:57pm
Quoting Inthebox
{quote} the comeback kid. ea m30 horizontal fcp. {image}
Very good. You make me happy.
  • #280
  • Apr 14, 2020 2:09pm Apr 14, 2020 2:09pm
Quoting InferiorHost
{quote} Thanks, though you're not my last mistake but you're my best teacher.
cheeky cheeky. lol.
ITB - Seeing Orderliness amongst 'Randomness'
1 trader viewing now