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The Fibonacci channel projections (FCP)

  • #341
  • Apr 16, 2020 4:41am Apr 16, 2020 4:41am
Quoting Hammertop
{quote} Strong volumes on breakout. Should I wait for the erice to retrace to level 1 to enter?
retraced to fib 100 now
ITB - Seeing Orderliness amongst 'Randomness'
  • #342
  • Apr 16, 2020 4:48am Apr 16, 2020 4:48am
Quoting Inthebox
{quote} retraced to fib 100 now
It didn't exactly touch on my chart so I had a late entry, but more than that, I was waiting for a confirmation candle. Is that wrong? Basically my entry was on 0.75
  • #343
  • Apr 16, 2020 5:04am Apr 16, 2020 5:04am
Quoting Hammertop
{quote} It didn't exactly touch on my chart so I had a late entry, but more than that, I was waiting for a confirmation candle. Is that wrong? Basically my entry was on 0.75
no right or wrong for entry.
if your style is waiting for confirmation candle, then do what is comfortable.
ITB - Seeing Orderliness amongst 'Randomness'
  • #344
  • Apr 16, 2020 6:00am Apr 16, 2020 6:00am
Quoting Inthebox
{image} en m5 set up a bit late
en m5 result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #345
  • Apr 16, 2020 6:08am Apr 16, 2020 6:08am
Quoting Inthebox
{quote} en m5 result {image}
well done, very accurate
  • #346
  • Apr 16, 2020 6:13am Apr 16, 2020 6:13am
Quoting Seysin32
{quote} well done, very accurate
it's not that i am accurate. the target maybe.
the truth is that i divided my intended lots by 3 sometimes 5 entries.
ITB - Seeing Orderliness amongst 'Randomness'
  • #347
  • Apr 16, 2020 6:15am Apr 16, 2020 6:15am
gold h1
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ITB - Seeing Orderliness amongst 'Randomness'
  • #348
  • Apr 16, 2020 8:04am Apr 16, 2020 8:04am
Guys, I missed this one. I had set up my order at the 1 level but it didn't retrace far enough. I'm still a bit confused about entries. Maybe on 5min it requires quicker entries? Or probably if the momentum is strong it would be worth to anticipate at the 0.78?
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  • #349
  • Apr 16, 2020 8:18am Apr 16, 2020 8:18am
Quoting Hammertop
Guys, I missed this one. I had set up my order at the 1 level but it didn't retrace far enough. I'm still a bit confused about entries. Maybe on 5min it requires quicker entries? Or probably if the momentum is strong it would be worth to anticipate at the 0.78? {image}
careful. there may be a bounce after break out of trend line.
look at higher time frame first to see big picture.
for small time frame, you may want to divide your intended lots by 2 entries.
one at break out, one at retrace.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #350
  • Apr 16, 2020 8:28am Apr 16, 2020 8:28am
Simple scalp:
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  • #351
  • Apr 16, 2020 8:34am Apr 16, 2020 8:34am
Quoting Hammertop
Guys, I missed this one. I had set up my order at the 1 level but it didn't retrace far enough. I'm still a bit confused about entries. Maybe on 5min it requires quicker entries? Or probably if the momentum is strong it would be worth to anticipate at the 0.78? {image}
Quoting Inthebox
{quote} careful. there may be a bounce after break out of trend line. look at higher time frame first to see big picture. for small time frame, you may want to divide your intended lots by 2 entries. one at break out, one at retrace. {image}
That's right. To enter, we must have signals at trigger levels. Breakdown of TL can be false. And of course, the context of higher timeframes. We have already talked about this. Be careful.
  • #352
  • Apr 16, 2020 8:47am Apr 16, 2020 8:47am
Quoting Inthebox
{quote} careful. there may be a bounce after break out of trend line. look at higher time frame first to see big picture. for small time frame, you may want to divide your intended lots by 2 entries. one at break out, one at retrace. {image}
Well TP2 has been reached already.
What about this other one? But I used point 2 as the outer line of the channel. Was this mentioned or did dream about it?
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  • #353
  • Apr 16, 2020 8:56am Apr 16, 2020 8:56am
Quoting Hammertop
{quote} Well TP2 has been reached already. What about this other one? But I used point 2 as the outer line of the channel. Was this mentioned or did dream about it? {image}
It looks like I've missed the train again
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  • #354
  • Apr 16, 2020 9:03am Apr 16, 2020 9:03am
Quoting Hammertop
{quote} It looks like I've missed the train again {image}
Assuming my theory about point 2 is right (and I would be glad if I got confirmation please), can you tell me if I could have entered at some point on that bar marked by the arrow? Maybe looking at a lower TF?
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  • #355
  • Apr 16, 2020 9:34am Apr 16, 2020 9:34am
sorry for flooding the thread. Just seeing setups everywhere, hopefully agreeing with rules and higher TFs. Opinions about this? It broke out my channel and then reentered inside, to then break out again
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  • #356
  • Apr 16, 2020 9:42am Apr 16, 2020 9:42am
Quoting Hammertop
{quote} Assuming my theory about point 2 is right (and I would be glad if I got confirmation please), can you tell me if I could have entered at some point on that bar marked by the arrow? Maybe looking at a lower TF? {image}
Yes, they could, since the price crossed the TL many times, but did not make a new maximum. But I would not take such a model. I love beautiful setups. And if I don’t see it, I’m not looking for it on purpose. Look a little wider on my chart.
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  • #357
  • Apr 16, 2020 9:45am Apr 16, 2020 9:45am
Quoting Inthebox
{quote} or the bigger gj h1 picture {image}
gj h1 horizontal fcp.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #358
  • Apr 16, 2020 9:50am Apr 16, 2020 9:50am
Here is one example of bad trade but i can't figure it out what went wrong, when the price pullback from the 0.786 area its simply goes straight to my SL hahaha.

Maybe this thread keen eyes could spot the problem i've made on this trade?

everythings seem in place, the MA crossing, the bearish hidden divergen, the higher time trend (H4)


nb: I've been made quite some pips using Seysin method using fibo bring in this thread, thank you very much for sharing this method. i'm form Indonesia btw.Inthebox...also thanks for actively contributing on this thread, learn a lot from you also
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  • #359
  • Apr 16, 2020 9:51am Apr 16, 2020 9:51am
Quoting Inthebox
{quote} gj h1 horizontal fcp. {image}
Seriously, your trades are too good.
My help is in the name of the Lord who made heaven and earth.
  • #360
  • Edited 10:11am Apr 16, 2020 9:58am | Edited 10:11am
Quoting Albertdkpllh
{quote} Seriously, your trades are too good.
if these were traded in smaller time frame, none would survived.

after the higher time frame regular divergence, price could not break up the strong resistance.
then the support broken. what's next? retrace and continuation.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
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