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  • #1,168,121
  • Apr 30, 2020 10:58am Apr 30, 2020 10:58am
Quoting Js3mwtRc
{quote} I don't like buying it after this move, EU is a slow pair and it should fall again.
I just take it one day at a time.
Learn from your mistakes and march on.
  • #1,168,122
  • Apr 30, 2020 11:00am Apr 30, 2020 11:00am
I think we gonna retest 911 and continue bullish.
I'm enjoying the wins because I was once terrified by loses
  • #1,168,123
  • Apr 30, 2020 11:04am Apr 30, 2020 11:04am
Quoting here2there
{quote} It's also important to keep in mind that tomorrow is a Friday. It will be interesting to see if it holds up.
I think the most important day is today since we closing the monthly candle for April ?
I'm enjoying the wins because I was once terrified by loses
  • #1,168,124
  • Apr 30, 2020 11:08am Apr 30, 2020 11:08am
How I measure a retracement on a high volume candle.

Using the Fib tool, I measure the candle's range from high to low if it is a bearish candle, and from low to high if it is a bullish candle. My targets are 30% (added by me) - 38.2% and 50% - 61.8%.

Note: if it is a 4Hr candle, then use the 1HR for the retracement. If it is a Daily, then use the 4HR.

Attached Image
Learn from your mistakes and march on.
  • #1,168,125
  • Apr 30, 2020 11:14am Apr 30, 2020 11:14am
Quoting Erto
{quote} I think the most important day is today since we closing the monthly candle for April ?
Traders are known to close out their positions on Fridays, because most traders don't want to hold their trades over the weekend due to the threat of gaps and added fees.
Learn from your mistakes and march on.
  • #1,168,126
  • Apr 30, 2020 11:14am Apr 30, 2020 11:14am
Quoting Erto
{quote} I think the most important day is today since we closing the monthly candle for April ?
With all this noise I forgot it, I thought FED was the one who moved it. Thanks for remind me!

Federal Reserve Board announces it is expanding the scope and eligibility for the Main Street Lending Program

Also this is a good post with some information:

Month End book balancing
Looking for profitable short term trades ...|
  • #1,168,127
  • Apr 30, 2020 11:19am Apr 30, 2020 11:19am
Quoting here2there
How I measure a retracement on a high volume candle. Using the Fib tool, I measure the candle's range from high to low if it is a bearish candle, and from low to high if it is a bullish candle. My targets are 30% (added by me) - 38.2% and 50% - 61.8%. Note: if it is a 4Hr candle, then use the 1HR for the retracement. If it is a Daily, then use the 4HR. {image}
don't be mad, but the fib tool is a shit.
do not use it.
  • #1,168,128
  • Apr 30, 2020 11:22am Apr 30, 2020 11:22am
Quoting tiborf71
{quote} don't be mad, but the fib tool is a shit. do not use it.
If you knew how to use it you wouldn't say that. There is more than one way to use the Fib tool. Think outside the box.
Learn from your mistakes and march on.
  • #1,168,129
  • Apr 30, 2020 11:27am Apr 30, 2020 11:27am
Quoting here2there
{quote} If you knew how to use it you wouldn't say that. There is more than one way to use the Fib tool. Think outside the box.
I wrote this only with good intentions, based on my experience.
of course, it is not obligatory to take good heed.
  • #1,168,130
  • Apr 30, 2020 11:31am Apr 30, 2020 11:31am
Quoting princeali115
Time to buy 20 pips in profit
Closed 80 pip profit
Master your mind. Master Trading.
  • #1,168,131
  • Apr 30, 2020 11:40am Apr 30, 2020 11:40am
Quoting tiborf71
{quote} I wrote this only with good intentions, based on my experience. of course, it is not obligatory to take good heed.
I get that, but I'm trying to help people here. I have a lot of experience. I share what I know because I want to be helpful. Comments like yours ruin that for others, and it also causes people like me to lose the motivation to share.
Learn from your mistakes and march on.
  • #1,168,132
  • Apr 30, 2020 11:49am Apr 30, 2020 11:49am
Quoting here2there
{quote} I get that, but I'm trying to help people here. I have a lot of experience. I share what I know because I want to be helpful. Comments like yours ruin that for others, and it also causes people like me to lose the motivation to share.
the biggest problem with this forum is that no one talks openly about things that don’t work.
  • #1,168,133
  • Apr 30, 2020 11:51am Apr 30, 2020 11:51am
Quoting here2there
{quote} If you knew how to use it you wouldn't say that. There is more than one way to use the Fib tool. Think outside the box.
I consult with the fib tool all the time very good tool indeed my friend
Master your mind. Master Trading.
  • #1,168,134
  • Apr 30, 2020 11:53am Apr 30, 2020 11:53am
Quoting tiborf71
{quote} the biggest problem with this forum is that no one talks openly about things that don’t work.
Is it working? Yes or no? Read My Rules.

4HR chart
Attached Image

1HR chart
Attached Image (click to enlarge)
Click to Enlarge Name: Image 031.png Size: 11 KB
Learn from your mistakes and march on.
  • #1,168,135
  • Apr 30, 2020 11:56am Apr 30, 2020 11:56am
I use Fibo from the first time I envolved with Forex and after seven years of trading I can say that Fibo doesn't always work but it is a very decent tool for measurement and if, you combine it with MA 100 then you are becoming better. Another thing with Fibo is that using it with daily timeframes and bigger moves it gives very good targets and support/resistance.
Looking for profitable short term trades ...|
  • #1,168,136
  • Apr 30, 2020 11:57am Apr 30, 2020 11:57am
Quoting here2there
{quote} Is it working? Yes or no? Read My Rules. 4HR chart{image} 1HR chart{image}
if you believe in it then good luck with it.
  • #1,168,137
  • Apr 30, 2020 11:59am Apr 30, 2020 11:59am
Quoting tiborf71
{quote} if you believe in it then good luck with it.
It's not an issue of 'belief'. I have provided proof that it works. But you refuse to be corrected. And because of that, you are missing out on a very helpful strategy. Too bad for you.
Learn from your mistakes and march on.
  • #1,168,138
  • Apr 30, 2020 12:01pm Apr 30, 2020 12:01pm
Quoting here2there
{quote} It's not an issue of 'belief'. I have provided proof that it works. But you refuse to be corrected. And because of that, you are missing out on a very helpful strategy. Too bad for you.
I tested its reliability when I was a beginner and I can say that I threw it in the trash then.
  • #1,168,139
  • Apr 30, 2020 12:04pm Apr 30, 2020 12:04pm
I will end the debate by saying that if it is good for you, it is great.
  • #1,168,140
  • Apr 30, 2020 12:04pm Apr 30, 2020 12:04pm
Quoting tiborf71
{quote} I tested its reliability when I was a beginner and I can say that I threw it in the trash then.
If you are using it in the traditional way, then I can understand why you feel that way. But I am not using it like that. Please, go back to my post and look carefully at how I am using it. It is very effective if you use it the way I use it.
Learn from your mistakes and march on.
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