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The Fibonacci channel projections (FCP)

  • #481
  • Apr 21, 2020 3:31am Apr 21, 2020 3:31am
Quoting Inthebox
let's see {image}
gj m5 sell
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #482
  • Edited 12:00pm Apr 21, 2020 3:57am | Edited 12:00pm
waiting for momentum
edit 11:13 MESZ: no way now, lets see NY

edit 19:00 instead of oil (survive Contango) I will try USDCAD long tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: WTI.JPG Size: 113 KB
  • #483
  • Apr 21, 2020 4:31am Apr 21, 2020 4:31am
Hi there.
My pending order was filled, small scalp but it is ok...I am busy today....
Attached Image (click to enlarge)
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  • #484
  • Edited 9:32am Apr 21, 2020 5:39am | Edited 9:32am
from around the red / green arrows on I will look for an entry point EURUSD / USDSEK H4.
Sorry to those who only trade short time
edit 13:21: I love short time trading too, but I do this mostly in the channel - so not for this thread

Attached Image (click to enlarge)
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edit 15:55
USDSEK in, see chart
Attached Image (click to enlarge)
Click to Enlarge Name: USEK.JPG Size: 179 KB


closed USDSEK
  • #485
  • Apr 21, 2020 8:16am Apr 21, 2020 8:16am
risky reversal trade due to major support zone
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #486
  • Apr 21, 2020 8:23am Apr 21, 2020 8:23am
Simple scalp: +30p.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy m5.JPG Size: 212 KB
  • #487
  • Apr 21, 2020 8:59am Apr 21, 2020 8:59am
Another simple scalp: + 34p.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad m5 2.JPG Size: 153 KB

Addition: I could take more...
  • #488
  • Apr 21, 2020 9:03am Apr 21, 2020 9:03am
Quoting Inthebox
risky reversal trade due to major support zone {image}
gj m15 buy
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 23 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #489
  • Apr 21, 2020 9:08am Apr 21, 2020 9:08am
Quoting Inthebox
{quote} gj m15 buy {image}
Fine!
  • #490
  • Apr 21, 2020 9:42am Apr 21, 2020 9:42am
Quoting Seysin32
{quote} Hello! 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. {image}
Instruction understood. My apologies for the data format. That was a TOS equity chart and it does not present the same data. I will change to a more readable format soon.

My focus has been on the H1 with point 3 on the channel. I'll reread post 1 and the linked posts and dive in deeper.

Thank you for sharing your idea and your time.
  • #491
  • Apr 21, 2020 11:25am Apr 21, 2020 11:25am
Rare case. Just information for learning ...
Attached Image (click to enlarge)
Click to Enlarge Name: usoil h1.JPG Size: 142 KB

adding: replaced the chart with a more accurate one.
  • #492
  • Apr 21, 2020 12:40pm Apr 21, 2020 12:40pm
Good idea
Attached Image (click to enlarge)
Click to Enlarge Name: channel.png Size: 24 KB
Attached File(s)
File Type: ex4 channelFibo.ex4   28 KB | 734 downloads
  • #493
  • Apr 21, 2020 1:57pm Apr 21, 2020 1:57pm
https://www.tradingview.com/x/hfu0Qs6M/

I cannot seem to get this to allow me to post just an image itself...?
Hoping the link above actually works to see the image. Sorry to make anyone click the link!

A successful "paper trade" today on USDCAD, but wanted to make sure I got the process right to the rules.
Would welcome feedback on is it a correct drawing of TL, and the question around point 4 rules.
Thanks !!
  • #494
  • Apr 21, 2020 2:02pm Apr 21, 2020 2:02pm
Quoting kourosh1347
Good idea {image} {file}
1. built incorrectly ...
2. while there is no FСP model, development of situation and then confirming signals are needed.
Attached Image (click to enlarge)
Click to Enlarge Name: eur h4.JPG Size: 73 KB
  • #495
  • Apr 21, 2020 2:13pm Apr 21, 2020 2:13pm
Quoting Seysin32
{quote} 1. built incorrectly ... 2. while there is no FСP model, development of situation and then confirming signals are needed. {image}
Thank you for your reply. Can you show an error on the indicator? So that I can correct it.
  • #496
  • Apr 21, 2020 2:30pm Apr 21, 2020 2:30pm
Quoting kourosh1347
{quote} Thank you for your reply. Can you show an error on the indicator? So that I can correct it.
Unfortunately I can’t, my platform does not support third-party indicators. Just compare the charts.
I think that it is impossible to create an indicator for the FСP. But it is possible for some of its elements. Maybe I'm wrong...
Why not learn and use the simple rules for constructing channels, it's easy. It’s much harder to create indicators
  • #497
  • Apr 21, 2020 2:45pm Apr 21, 2020 2:45pm
Quoting TheG-Lover
https://www.tradingview.com/x/hfu0Qs6M/ I cannot seem to get this to allow me to post just an image itself...? Hoping the link above actually works to see the image. Sorry to make anyone click the link! A successful "paper trade" today on USDCAD, but wanted to make sure I got the process right to the rules. Would welcome feedback on is it a correct drawing of TL, and the question around point 4 rules. Thanks !!
I made a chart for you, I think you will understand everything. Sorry, I'm almost sleeping
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad m5 3.JPG Size: 191 KB
  • #498
  • Apr 21, 2020 4:38pm Apr 21, 2020 4:38pm
Quoting Seysin32
{quote} I made a chart for you, I think you will understand everything. Sorry, I'm almost sleeping {image}
Thank you for the rapid response.
And proves you have built this skill to be able to do it when half-asleep !

It makes sense now that I was so focused on confirmation of my original TL that I missed the creation of a different point 1, and a whole new TL!
So simple, but like a good golf swing....practice, practice, practice.....but only practice with a good coach, otherwise you develop bad habits.

Thanks for the answers and for starting and coaching this thread!
  • #499
  • Apr 22, 2020 12:32am Apr 22, 2020 12:32am
ga m15 sell set up
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #500
  • Apr 22, 2020 1:03am Apr 22, 2020 1:03am
Hi.
GJ M30 sell.
UJ H1 sell.
lets see....
Attached Image(s) (click to enlarge)
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