{quote} gc m5 sell {image}
The Fibonacci channel projections (FCP)
- #461
- Apr 20, 2020 9:18am Apr 20, 2020 9:18am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
- #465
- Apr 20, 2020 9:59am Apr 20, 2020 9:59am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
Hi, been lurking around watching others posting charts. Great thread! Big fan of this method! Can you give me input on this chart? Did I draw in correct ? {image}
Here is my chart for comparison. Please read the information from post 1.
- #466
- Apr 20, 2020 10:30am Apr 20, 2020 10:30am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
{quote} you could take 38.2
alas the spread for gc was around 4 pips.
price later moved lower.
ITB - Seeing Orderliness amongst 'Randomness'
{quote} Hello and welcome! Here is my chart for comparison. Please read the information from post 1. {image}
Cheers!
- #469
- Apr 20, 2020 11:30am Apr 20, 2020 11:30am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
{quote} Thanks I actually traded this channel which now you post (mine was exactly like yours). However u missed my point. I intentionally asked for an old channel from earlier in the day.
Yes, you're right, I just showed the current situation.
Head tired, end of the day
- #471
- Apr 20, 2020 12:08pm Apr 20, 2020 12:08pm
- Joined Apr 2013 | Status: Trader | 1,528 Posts
Yes, the channel was correct. But I would consider the projection as finding a place for a short position for H1.
- #473
- Apr 20, 2020 4:11pm Apr 20, 2020 4:11pm
- Joined Apr 2013 | Status: Trader | 1,528 Posts
This is fun.GBPUSD - M5 {image}
My chart is a little more accurate
Hello, friends! USD/CAD SELL 4075, SL 4125, TP1 4050, TP2 4030. {image} {image}
Your USD/CAD trade post was very helpful. While examining it, I saw a different trade to analyze within the chart.
This trade starts on Friday 4/17 at 4am with a sharp decline that lasts through the rest of the trading day. I have drawn a simple channel to show the setup. The market closes just as the price crosses the TL. On Sunday , The price crosses Fib 100 signalling a long entry.
Is my analysis accurate?
- #475
- Apr 20, 2020 10:46pm Apr 20, 2020 10:46pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #476
- Edited 9:07am Apr 21, 2020 12:29am | Edited 9:07am
- Joined Jan 2012 | Status: Trader | 1,862 Posts
Hello all,
I am looking for entry AUDUSD H4 down, maybee to wait some hours
edit 10:00 MESZ, entry done, tp1+tp2 now 0.6169/0.6000; for tp2 I will add trailing later on.
edit 16:06, stopped out with small win
I am looking for entry AUDUSD H4 down, maybee to wait some hours
edit 10:00 MESZ, entry done, tp1+tp2 now 0.6169/0.6000; for tp2 I will add trailing later on.
edit 16:06, stopped out with small win
- #477
- Apr 21, 2020 2:07am Apr 21, 2020 2:07am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #478
- Edited 2:58am Apr 21, 2020 2:17am | Edited 2:58am
- Joined Jan 2012 | Status: Trader | 1,862 Posts
prepeared AUDUSD M5
tp1+tp2
done
tp1+tp2
done
- #479
- Apr 21, 2020 2:30am Apr 21, 2020 2:30am
- Joined Jan 2012 | Status: Trader | 1,862 Posts
... since the original opportunity to enter a trade was missed at the h4 fib 100/75 area: i could wait for: 1. h4 retracement to fib 100/75, or 2. look for a h1 set up
Hello @Inthebox
yes, you are right, there was a better opportunity when I slept. Bur don t worry - there are new waves waiting for trading.
I still did not the trade H4 (prepared only)
Hello @Inthebox
yes, you are right, there was a better opportunity when I slept. Bur don t worry - there are new waves waiting for trading.
I still did not the trade H4 (prepared only)
- #480
- Apr 21, 2020 2:37am Apr 21, 2020 2:37am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
{quote} Sensei Seysin32, Your USD/CAD trade post was very helpful. While examining it, I saw a different trade to analyze within the chart. This trade starts on Friday 4/17 at 4am with a sharp decline that lasts through the rest of the trading day. I have drawn a simple channel to show the setup. The market closes just as the price crosses the TL. On Sunday , The price crosses Fib 100 signalling a long entry. Is my analysis accurate? {image}
Perhaps this is correct. I am not sure about this situation, my quotes are slightly different. That's what I think. On H1, a small channel, inside weak swings, looks so-so... To clarify the situation and get a better place to enter, we go down to m5 (we only need trigger line 1 and 2). On m5, everything is much better, and you see a good setup for entering. I showed on the chart.
