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The Fibonacci channel projections (FCP)

  • #441
  • Apr 20, 2020 3:01am Apr 20, 2020 3:01am
Quoting Inthebox
gn m5 sell {image}
  • #442
  • Apr 20, 2020 4:08am Apr 20, 2020 4:08am
Quoting Seysin32
... In the case of receiving a long setup on m5, I will enter with a small SL and with TP in the area of the upper MA line ...
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  • #443
  • Apr 20, 2020 4:20am Apr 20, 2020 4:20am
I have a subjective point 3 on GBPJPY - 5min chart.

You think the retest of price on 1.000 could've been the best entry point?

Thanks.
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  • #444
  • Apr 20, 2020 4:33am Apr 20, 2020 4:33am
Quoting GPipz
I have a subjective point 3 on GBPJPY - 5min chart. You think the retest of price on 1.000 could've been the best entry point? Thanks. {image}
I always try to take rollbacks to the trigger line, when a signal candle appears. But this does not always happen ...
We can see the FCP setups on many charts, but I like to take only beautiful ones.
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  • #445
  • Apr 20, 2020 4:33am Apr 20, 2020 4:33am
Quoting Seysin32
Hello, friends! USD/CAD SELL 4075, SL 4125, TP1 4050, TP2 4030. {image} {image}
TP1 reached. Part of position is closed with +25p.
For the rest part SL moved to BE.
  • #446
  • Edited 4:53am Apr 20, 2020 4:34am | Edited 4:53am
Quoting GPipz
I have a subjective point 3 on GBPJPY - 5min chart. You think the retest of price on 1.000 could've been the best entry point? Thanks. {image}
may not be able to retest fib 1 as momentum was strong.
advance stopped by london open high.
however day open is also a support area.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #447
  • Apr 20, 2020 4:43am Apr 20, 2020 4:43am
accurately...
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  • #448
  • Apr 20, 2020 5:30am Apr 20, 2020 5:30am
GBPNZD - 30 min
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  • #449
  • Apr 20, 2020 5:43am Apr 20, 2020 5:43am
Quoting GPipz
GBPNZD - 30 min {image}
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  • #450
  • Apr 20, 2020 6:00am Apr 20, 2020 6:00am
usdcad - m30 -- waiting for confirmation
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Knowing is not enough, we must apply. Willing is not enough, we must do.
  • #451
  • Apr 20, 2020 6:29am Apr 20, 2020 6:29am
Good day. I'm new to working with Fibonacci levels. Please advice which MT4 buttons to use to get the same horizontal levels as the picture.
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Please excuse the bad English via Google Translate.
  • #452
  • Apr 20, 2020 6:55am Apr 20, 2020 6:55am
Quoting dokopy
Good day. I'm new to working with Fibonacci levels. Please advice which MT4 buttons to use to get the same horizontal levels as the picture. {image}
Hello.
I do not use MT4 ...
Maybe the guys will tell you? Or look here: post post
  • #453
  • Apr 20, 2020 7:12am Apr 20, 2020 7:12am
Quoting dokopy
Good day. I'm new to working with Fibonacci levels. Please advice which MT4 buttons to use to get the same horizontal levels as the picture. {image}
On tab above: Insert > Fibonacci > Correction
  • #454
  • Apr 20, 2020 7:40am Apr 20, 2020 7:40am
Quoting bigiivan
{quote} On tab above: Insert > Fibonacci > Correction
Good to see you, brother! I hope you are well.
  • #455
  • Apr 20, 2020 7:48am Apr 20, 2020 7:48am
Quoting Seysin32
{quote} Good to see you, brother! I hope you are well.
I am always here, Sei. The thread is awesome. You know I like the real time trading.
  • #456
  • Apr 20, 2020 8:32am Apr 20, 2020 8:32am
let's see
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ITB - Seeing Orderliness amongst 'Randomness'
  • #457
  • Apr 20, 2020 8:44am Apr 20, 2020 8:44am
Quoting Inthebox
let's see {image}
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  • #458
  • Apr 20, 2020 8:54am Apr 20, 2020 8:54am
Quoting Inthebox
let's see {image}
gc m5 sell
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ITB - Seeing Orderliness amongst 'Randomness'
  • #459
  • Apr 20, 2020 9:01am Apr 20, 2020 9:01am
Quoting Inthebox
{quote} if you use m30 as your main chart, also look at 2 time frames above and below it to get better informed. the 1st fcp on the left was too steep, m15 provided more information. your fib 100 was placed wrongly. compare. {image}
Inthebox, thank you for your critique. That final fib 100 was placed incorrectly. It seems to have gotten moved during my chart cleanup for presentation.

In reviewing your comments, I saw that the very first channel on my chart was too wide. By changing the channel boundaries, using the lower time frames, as you suggested, I was able to create a little more opportunity for acting on the first FCP.

The Eur/Usd chart was originally presented by Chrisjia in a request for review.

Thanks to Seysin32 for commitment, time and patience, as well.

I look forward to all of your posts.
  • #460
  • Apr 20, 2020 9:16am Apr 20, 2020 9:16am
Horizontal FCP. Thoughts please?
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Begin with the end in mind
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