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The Fibonacci channel projections (FCP)

  • #941
  • Jun 10, 2020 12:30am Jun 10, 2020 12:30am
Quoting vitall
{quote} It looks like strong downtrend (2HL+2LL) with no clue of reversal-> low probability trade.It should be more then 2 factors to enter the market in case of daytrading. Check out Inthebox trades: it's 5 or 6 indies on the chart.
Yes. Also there’s bears engulfing pattern & pinbar rejecting higher prices. That’s why I exit earlier.
  • #942
  • Jun 10, 2020 1:17am Jun 10, 2020 1:17am
i will be here less frequent.

try to trade with the methodology below.

in short: breakout, retrace, continuation in the direction of higher time frame trend, preferably with divergence.

example for sell in a down trend. take the upward sloping trend line as a channel.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #943
  • Jun 10, 2020 2:18am Jun 10, 2020 2:18am
Here is a simple daytrading strategy using FCP:
check out this link and find strong trending pair (let's say Strong Sell on H1); check out indies for not beeng oversold; check out nearest support; go to M5-15 and use FCP to sell.
One may add breaking of previous day low/high- it's a big plus to make a higher probability trade.
HD and RD are very helpfull as well.
  • #944
  • Jun 10, 2020 2:20am Jun 10, 2020 2:20am
ea
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #945
  • Jun 10, 2020 2:32am Jun 10, 2020 2:32am
Quoting Inthebox
ea {image}
LOL I sold it based on HD on H4, RD on H1 and then TL break:
Attached Image
  • #946
  • Jun 10, 2020 2:37am Jun 10, 2020 2:37am
Quoting vitall
{quote} LOL I sold it based on HD on H4, RD on H1 and then TL break: {image}
good early catch. i was late on arrival.
ITB - Seeing Orderliness amongst 'Randomness'
  • #947
  • Jun 10, 2020 2:45am Jun 10, 2020 2:45am
Quoting Inthebox
{quote} good early catch. i was late on arrival.
It's about 120 pips to the strong suppor-> big room to open a few sell orders. I am planing to add sell orders with smaller lots after putting SL to BE.
  • #948
  • Jun 10, 2020 5:05am Jun 10, 2020 5:05am
AUDUSD is showing HD-RD scenario. Is it good for FCP trade, Interbox?
Attached Image
  • #949
  • Jun 10, 2020 5:36am Jun 10, 2020 5:36am
Quoting vitall
AUDUSD is showing HD-RD scenario. Is it good for FCP trade, Interbox? {image}
if sell, is counter trend. to me its side way after reaching d1 resistance zone.
strong up trend may break.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #950
  • Jun 10, 2020 5:53am Jun 10, 2020 5:53am
Sorry, what mean HD-RD?
  • #951
  • Jun 10, 2020 5:56am Jun 10, 2020 5:56am
Quoting prozium
Sorry, what mean HD-RD?
this https://www.forexfactory.com/showthr...2#post12986252
ITB - Seeing Orderliness amongst 'Randomness'
  • #952
  • Jun 10, 2020 6:01am Jun 10, 2020 6:01am
Quoting Inthebox
{quote} this https://www.forexfactory.com/showthr...2#post12986252
Oooh. Thanks
  • #953
  • Jun 10, 2020 10:12am Jun 10, 2020 10:12am
Breaking M5 & M15 channels on EU. Breaking 2 channels + RD + bears volume is coming.
Attached Image (click to enlarge)
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  • #954
  • Edited 12:50pm Jun 10, 2020 10:48am | Edited 12:50pm
GPB/NZD H1.
I wont trade this yet, as its looking for the big reversal of this long downtrend (daily look good though)
But it show how the Seysin method is amazing, using 0.75/0.786 fib region. Broken and retest tell you your channel is right.
Attached Image (click to enlarge)
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  • #955
  • Jun 10, 2020 11:13am Jun 10, 2020 11:13am
Another example and confluence.
CADCHF H4

When 0.786/0.75 Zone is a SR flip. it really add confidence.
Also the break off the channel is right on the 20 EMA.

Notice how the zone is also exactly at daily pivot.... this is my favorite setup... SR Flip + Daily pivot. and of course divergence on last swing.
Attached Image (click to enlarge)
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  • #956
  • Jun 10, 2020 11:25am Jun 10, 2020 11:25am
to enter, you go to lower TF and do the exact same thing... and the zone are equally perfectly respected. magic
Attached Image (click to enlarge)
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  • #957
  • Jun 10, 2020 12:52pm Jun 10, 2020 12:52pm
Quoting Tragruel
GPB/NZD H4. I wont trade this yet, as its looking for the big reversal of this long downtrend (daily look good though) But it show how the Seysin method is amazing, using 0.75/0.786 fib region. Broken and retest tell you your channel is right. {image}
Looks promising. Waiting for bounce from support.
  • #958
  • Jun 10, 2020 11:03pm Jun 10, 2020 11:03pm
Quoting Inthebox
ea {image}
ea result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #959
  • Jun 11, 2020 2:57am Jun 11, 2020 2:57am
EU divergence + broken channel on M5.
Attached Image (click to enlarge)
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  • #960
  • Jun 11, 2020 6:41am Jun 11, 2020 6:41am
EA. Lost trade.
Catched divergence, also channel breaks. Entered on next swing, but saw some strange upside moving (higher lows) & some strength of bulls. Exited earlier, before SL.
Also a mistake was entering in such trade when price ranging near strong support on D1.
Attached Image (click to enlarge)
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