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Attachments: The Fibonacci channel projections (FCP)
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The Fibonacci channel projections (FCP)

Quoting jamesbond00
have i done correctly ? {image}
point 1 and 2 correct if you arrived at your computer at the left vertical line where the fib was drawn.
if you arrived 10 bars earlier, the channel would have been steeper, unless you want to wait for further development.
ITB - Seeking Orderliness amongst 'Randomness'
Quoting jamesbond00
have i done correctly ? {image}
Just to add on to the reply from IntheBox, you may want to configure the fibo channel as such.
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Knowing is not enough, we must apply. Willing is not enough, we must do.
Quoting Unmotivated
{quote} Just to add on to the reply from IntheBox, you may want to configure the fibo channel as such. {image}
cheers man i did that. really appreciate.
now i have to conisder how to use it. lol that is the hard part ( although how to draw is not also easy ).
appreciate all the help here.
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gj regular divergence at resistance zone
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ITB - Seeking Orderliness amongst 'Randomness'
[quote = Seysin32; 12905069] {quote} Привет всем! Хорошее движение вчерашней модели: {image} Прямо сейчас: {image} [/ quote]
Hi Seysin32, do you have this trading system in Russian?
The 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?
Please excuse the bad English via Google Translate.
Quoting Inthebox
london session aud strong {image}
london open.
ea hidden divergence.
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting dokopy
The 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?
check h4/h1 trend, if trading m15/m5.
ITB - Seeking Orderliness amongst 'Randomness'
Friends, 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 and successful trading.
Sey.
Quoting Seysin32
Friends, I said everything I wanted about the FCP method...
Thank you for all your guidance here. Really appreciate.
Knowing is not enough, we must apply. Willing is not enough, we must do.
Quoting Seysin32
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 and successful trading. Sey.
every banquet has to come to an end somehow........
thank you for your time and effort in sharing without reservation.
have a blessed life.
please do drop by now and then.
ITB - Seeking Orderliness amongst 'Randomness'
Spasibo 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, plus it's better learning that way. God bless you both and hope you have a successful trading ahead.
Quoting taksistalo
Spasibo 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,...
well said.
but alas, there are some who wants short cut without spending the 4 hours of reading, much less reading over multiple times, preferring half understood knowledge.
ITB - Seeking Orderliness amongst 'Randomness'
Quoting Seysin32
Here is a similar example. This is todays USD/JPY chart. {image}
i made a trade in my demo account it worked so thanks to you . but during the trade i had many difficulties. one of which was how do i even possibly know when the breakout id going to happen ? . now you may ask then how you made the trade. actually it was a retest to the trendline but it was also a trade that i did not cared to lose of demo so i made that but before that i made some trade on the same chart thinking there was a breakout and my stop loss hit but this time it was perfect. it will be great of you if you could go through entering of trade in FCP . thanks the trade is shown below
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Quoting Seysin32
Friends, 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...
Hello
You are a great man and one of best teachers, actually the best one in my trading time. (years)
Thanks a lot and wish you better.
Quoting Inthebox
ej h1 {image}
ej h1 with m15 fcp
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} ej h1 with m15 fcp {image}
Hi Inthebox, are the small red and blue arrows your trade entry and exit?
Knowing is not enough, we must apply. Willing is not enough, we must do.
Quoting Unmotivated
{quote} Hi Inthebox, are the small red and blue arrows your trade entry and exit?
yes. sell and exit. click on the image may be clearer.
first entry per h1, 2nd per m15.
ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} yes. sell and exit. click on the image may be clearer.
Is there an mt4 file for this? I have been trying to look for one. Thanks.
Knowing is not enough, we must apply. Willing is not enough, we must do.
Quoting Unmotivated
{quote} Is there an mt4 file for this? I have been trying to look for one. Thanks.
don't understand. mt4 file for which item? all drawn by hand.
or do you mean the app for image capture?
ITB - Seeking Orderliness amongst 'Randomness'
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