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The Fibonacci channel projections (FCP)

  • #781
  • May 4, 2020 6:24am May 4, 2020 6:24am
Quoting nozzer
@Inthebox,would the demark trendline indicator be helpful for drawing points 1 and 2? cheers ...
the trend line in red is a proper trend line (to me).
the one in yellow is demark trend line.
i would say both can be used.
demark offers opportunities when the proper trend line was missed.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #782
  • May 4, 2020 7:47am May 4, 2020 7:47am
Quoting Inthebox
{quote} ga result {image}
ga continuation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #783
  • May 4, 2020 8:12am May 4, 2020 8:12am
Quoting Inthebox
i am not trading this pair. let's see what is like for the strongest pair rising more than 400 pips with no retrace encountering a resistance zone. {image}
ea opportunity presented today
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ITB - Seeing Orderliness amongst 'Randomness'
  • #784
  • May 5, 2020 12:00am May 5, 2020 12:00am
ga
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ITB - Seeing Orderliness amongst 'Randomness'
  • #785
  • May 5, 2020 4:26am May 5, 2020 4:26am
ea
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ITB - Seeing Orderliness amongst 'Randomness'
  • #786
  • May 5, 2020 8:17am May 5, 2020 8:17am
UJ M5; hopefully can reach TP1 before ISM later
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Knowing is not enough, we must apply. Willing is not enough, we must do.
  • #787
  • May 5, 2020 9:00am May 5, 2020 9:00am
Quoting Inthebox
ga {image}
ga result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #788
  • May 5, 2020 10:05am May 5, 2020 10:05am
something to think about concerning the last sell entry in previous post.
it would not be a location for entry if the channel is drawn as follows.
so try to find a channel that can give you a better entry.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #789
  • May 5, 2020 2:23pm May 5, 2020 2:23pm
Quoting Inthebox
all this week, i am getting slow loading of FF website, especially the images. i think FF server is over loading with visitors during this covid-19 period. anyone with same experience?
It's true on my side. Comparatively with before covid n with covid
  • #790
  • May 5, 2020 9:41pm May 5, 2020 9:41pm
Very nice system, will post some more trades later. I did around 10 of them for whole time I joined the thread. Only 1 didn't work out and I think it was due to end of trading day, price went down eventually. However, great winning ratio comes with TP1 point only for now. Many TP2 at 0 doesn't work out.
  • #791
  • May 5, 2020 11:44pm May 5, 2020 11:44pm
gj
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ITB - Seeing Orderliness amongst 'Randomness'
  • #792
  • May 6, 2020 2:06am May 6, 2020 2:06am
gn
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ITB - Seeing Orderliness amongst 'Randomness'
  • #793
  • May 6, 2020 2:26am May 6, 2020 2:26am
Quoting taksistalo
Very nice system, will post some more trades later. I did around 10 of them for whole time I joined the thread. Only 1 didn't work out and I think it was due to end of trading day, price went down eventually. However, great winning ratio comes with TP1 point only for now. Many TP2 at 0 doesn't work out.
I agree. It certainly helps me in making a clearer decision.

Reaching TP2 is a bonus
Knowing is not enough, we must apply. Willing is not enough, we must do.
  • #794
  • May 6, 2020 3:00am May 6, 2020 3:00am
Quoting taksistalo
However, great winning ratio comes with TP1 point only for now. Many TP2 at 0 doesn't work out.
session period and currency pairs play a big part.
for example eur, gbp vs jpy, aud, nzd, cad
can hit tp 2 with 30 to 60 pips in london/new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #795
  • May 6, 2020 3:35am May 6, 2020 3:35am
Quoting Inthebox
gn {image}
massive m5 down candle.
i shall wait and see the h1 candle close as price is at d1 support.
ITB - Seeing Orderliness amongst 'Randomness'
  • #796
  • May 6, 2020 6:26am May 6, 2020 6:26am
A big YouTube channel with 184k subscribers says trendlines are a coin flip,guess he hasnt come across this thread!






1
  • #797
  • May 6, 2020 7:41am May 6, 2020 7:41am
Quoting nozzer
A big YouTube channel with 184k subscribers says trendlines are a coin flip,guess he hasnt come across this thread! 1
different people draw trend lines differently and this will affect results.
one also should know stuff like inner trend lines and outer trend line.
ITB - Seeing Orderliness amongst 'Randomness'
  • #798
  • May 6, 2020 8:37am May 6, 2020 8:37am
Hello, friends!
I hope everyone is doing well.
I am glad to see that you are using the method and this gives the result.
Two fresh examples. On the EUR/USD chart, a beautiful FСP and a good result.
The second XAUUSD chart, is an example of the projection of a horizontal channel. This is a new approach to projections of horizontal channels.
I’m not ready to explain it to you until I have done a sufficient number of tests. But in advance I can say that it works well. It is interesting that on the chart you will see the projection, but you will not see the channel . As soon as I am convinced that the method works, I will share it with you.
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  • #799
  • May 6, 2020 8:50am May 6, 2020 8:50am
Quoting nozzer
A big YouTube channel with 184k subscribers says trendlines are a coin flip,guess he hasnt come across this thread! 1
In today's world, the number of subscribers is not a guarantee of the quality of the content.
Channels filled with all sorts of nonsense have millions of subscribers. If you know what I mean...
At some point, we must choose - either the income from trading, or the income from advertising (as we are called in this case?).
  • #800
  • May 6, 2020 10:32am May 6, 2020 10:32am
Today's trades. I enter little early as I find this system helps my system and to get good target.
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