if you arrived 10 bars earlier, the channel would have been steeper, unless you want to wait for further development.
ITB - Seeing Orderliness amongst 'Randomness'
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Disliked{quote} Just to add on to the reply from IntheBox, you may want to configure the fibo channel as such. {image}Ignored
DislikedThe key is whether the price will continue in the direction of the channel break or in the direction of the channel. What helps you make decisions?Ignored
DislikedNow I have nothing more to add. I hope you will be react with understanding to the fact that I will rarely appear. I wish you good health, good mood and successful trading. Sey.Ignored
DislikedSpasibo Seysin32 and Thank you Inthebox. Great thread. Looks like I'm starting to understand how to draw channels and fib retrenchment, and it took me only 3-4 hours of reading this post and practicing. I'm far away from correct drawing but understanding is there. Now just "small part" left called practice. Don't want to ask any questions at this point as I think reading over and over and over all information multiple times will get me an answer,...Ignored
DislikedFriends, I said everything I wanted about the FCP method. I outlined the essence of the method, its rules and gave many examples (including several examples of live trading in the FCP). I believe that information, to understand enough, you only need to practice. Anyone who carefully studys everything that is collected in post 1 and reads in a thread a discussion, will be able to understand and use FCP. Now I have nothing more to add. I hope you will be react with understanding to the fact that I will rarely appear. I wish you good health, good mood...Ignored
Disliked{quote} Hi Inthebox, are the small red and blue arrows your trade entry and exit?Ignored
Disliked{quote} Is there an mt4 file for this? I have been trying to look for one. Thanks.Ignored