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The Fibonacci channel projections (FCP)

  • #621
  • Apr 24, 2020 9:19am Apr 24, 2020 9:19am
Quoting Seysin32
{quote} There are no swings on H1 in your channel, it's just a continuous upward movement. However, there may be a model on the m5, but watch carefully for the trigger levels and the signal candle. While everything is going up, it may take time, do not rush and do not forget that today is Friday.

Stop loss hit. Whew.
  • #622
  • Apr 24, 2020 9:49am Apr 24, 2020 9:49am
gj m5
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #623
  • Apr 24, 2020 9:53am Apr 24, 2020 9:53am
Quoting Seysin32
{quote} We never enter as soon as the price crosses the TL (there are exceptions to this rule). We expect the price to return to the level of 1.000 (Trigger 1) or to the level of 0.750-0.786 (Trigger 2). At these levels, we expect a signal candle. This issue has already been discussed in detail, links are collected in post 1.
Okay, thanks for the reply. I will go and read the posts.
Trading is not easy
  • #624
  • Apr 24, 2020 10:29am Apr 24, 2020 10:29am
Quoting xiaotiao
{quote} Okay, thanks for the reply. I will go and read the posts.
It was necessary to begin with this
  • #625
  • Apr 24, 2020 10:39am Apr 24, 2020 10:39am
Hi guys!
It looks like the base of FCP is a pennant or I am wrong?
Attached Image (click to enlarge)
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  • #626
  • Apr 24, 2020 10:55am Apr 24, 2020 10:55am
Quoting vitall
Hi guys! It looks like the base of FCP is a pennant or I am wrong? {image}
Hello.
Look at the chart:
Attached Image (click to enlarge)
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  • #627
  • Apr 24, 2020 11:29am Apr 24, 2020 11:29am
Quoting Seysin32
{quote} Hello. Look at the chart: {image}

Nice! I have the same channel. Can you confirm if the signal candle I have is correct? Thanks.
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  • #628
  • Apr 24, 2020 11:46am Apr 24, 2020 11:46am
Quoting Seysin32
{quote} Hello. Look at the chart: {image}
Probably we are talking about very similar things.
I found that pennant with triple RD is a very good setup.
Especially in the direction of tha main trend: we have 2 HH and 2 HL on H4:
Attached Image (click to enlarge)
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  • #629
  • Apr 24, 2020 11:49am Apr 24, 2020 11:49am
Quoting GPipz
{quote} Nice! I have the same channel. Can you confirm if the signal candle I have is correct? Thanks. {image}
This is a weak confirmation. Only as a trening.
Look at my charts in the thread, where the price reached TP, what was the retest in this case.
The week ends, the volume left the market. So you can rest.
  • #630
  • Apr 24, 2020 11:54am Apr 24, 2020 11:54am
Quoting vitall
{quote} Probably we are talking about very similar things. I found that pennant with triple RD is a very good setup. Especially in the direction of tha main trend: we have 2 HH and 2 HL on H4: {image}
I like to see the pennant after the impulse. In this case, it works better than when the price goes by slow swing.
  • #631
  • Edited 12:11pm Apr 24, 2020 12:00pm | Edited 12:11pm
Quoting GPipz
{quote} Nice! I have the same channel. Can you confirm if the signal candle I have is correct? Thanks. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf m15 1.JPG Size: 85 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5.JPG Size: 150 KB
  • #632
  • Apr 24, 2020 12:22pm Apr 24, 2020 12:22pm
There was a good trading this week. Friends, I wish you a good weekend break.
Take care of yourself and loved ones.
See you on Monday.
  • #633
  • Apr 24, 2020 2:14pm Apr 24, 2020 2:14pm
Quoting Seysin32
{quote} There are no swings on H1 in your channel, it's just a continuous upward movement. However, there may be a model on the m5, but watch carefully for the trigger levels and the signal candle. While everything is going up, it may take time, do not rush and do not forget that today is Friday.
Hi All

Shit. i apologize Seysin32. The Rule's where always clear. I was observing it incorrectly.

2."Draw a beam from this point to the left." I was drawing a beam to the right. - Someone else might've said your other left -

Again i apologize. i misunderstood. i feel so embarrassed. i have had trouble's sleeping lately and it has taken a toll on my concentration. We all have problems and i wont bore you with mine.

Lastly, i apologize. Great thread!
You can do it!
  • #634
  • Apr 24, 2020 2:21pm Apr 24, 2020 2:21pm
Quoting Inthebox
{quote} if i may give a different perspective. post 1: "On the example of uptrend. Find the last Highest Low (or bottom preceding the last maximum peak)." so in a downtrend, we find the last lowest high preceding (just before or immediately before) the last bottom. this is the circled point 1 in the chart. then find point 2. the trend line from circled point 1 to circled point 2 should not be touched by any candle or its tail. {image}
Thank you Sir for your willingness to assist the clueless. For some people its burden. i thank you very much. Your kindness is appreciated.
You can do it!
  • #635
  • Apr 25, 2020 12:32am Apr 25, 2020 12:32am
Quoting Inthebox
gj m5 {image}
Quoting Inthebox
gj m5 {image}
if you had been trading just one currency pair yesterday.......
gj h1 looked like it was in a range. but look at m5.
2 sell trades would hit target fib 0.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 42 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #636
  • Apr 25, 2020 11:03pm Apr 25, 2020 11:03pm
Quoting Seysin32
FCP example. GBP/USD m5. This is happening right now. {image}
it must be very naive to ask you stupid question but how do i make the channel ( the trendline one) and what should be the distance between each one of them
  • #637
  • Edited 1:15am Apr 26, 2020 1:00am | Edited 1:15am
Quoting jamesbond00
{quote} it must be very naive to ask you stupid question but how do i make the channel ( the trendline one) and what should be the distance between each one of them
answer in post 1 with many links to clarifications, images and videos.
if still not clear, then here.
ITB - Seeing Orderliness amongst 'Randomness'
  • #638
  • Edited 2:23am Apr 26, 2020 1:59am | Edited 2:23am
Quoting jamesbond00
{quote} it must be very naive to ask you stupid question but how do i make the channel ( the trendline one) and what should be the distance between each one of them
yes, it must be very very naive and stupid, so much that you even know it!
Take this course: https://shorturl.at/upBey
  • #639
  • Apr 26, 2020 2:04am Apr 26, 2020 2:04am
ok so here are my questions if any one willing to reply.

1: how to draw the parallel channels
2. how to measure the width of the channel since the post does not specify a point like point 1 or point 2 from which we need to measure the width
  • #640
  • Apr 26, 2020 2:26am Apr 26, 2020 2:26am
Quoting Seysin32
{quote} We never enter as soon as the price crosses the TL (there are exceptions to this rule). We expect the price to return to the level of 1.000 (Trigger 1) or to the level of 0.750-0.786 (Trigger 2). At these levels, we expect a signal candle. This issue has already been discussed in detail, links are collected in post 1.
Do you move your fibo grid from the break of the TL to the actual entry point or does it always stay at the break of the TL no matter what? I guess if it returns to 1.000 that answers my question but what about trigger 2?
Take this course: https://shorturl.at/upBey
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