The Fibonacci channel projections (FCP) | Page 50 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fibonacci Time Projections 9 replies

Difference between Fibonacci extensions, projections and expansions? 5 replies

What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

Mastering False breaks, trendline and fibonacci projections 57 replies

Fibonacci Projections 8 replies

Attachments: The Fibonacci channel projections (FCP)
Exit Attachments

The Fibonacci channel projections (FCP)

  • #981
  • Jun 12, 2020 9:42am Jun 12, 2020 9:42am
Quoting Inthebox
{quote} all nicely packed in post 1 with many linked examples. but first you must get the channel points 1,2,3 correctly. don't understand, ask again.
am aware you said mt4 is not the best,kindly correct my first try,thank you
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1fcl.png Size: 74 KB
  • #982
  • Jun 12, 2020 9:46am Jun 12, 2020 9:46am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 160 KB
  • #983
  • Jun 12, 2020 9:51am Jun 12, 2020 9:51am
it actually selling/buying the first pullback after a confirmed trend change guys. Adam H Grimes call it the 'Anti' pattern, google it its a great trader/teacher... but FCP gives you more : confirmation levels AND targets. truly amazing. cheers all
  • #984
  • Jun 12, 2020 9:58am Jun 12, 2020 9:58am
Quoting Tragruel
{image}
but H4 move its not done. Ask if you need the chart.... DXY flyng
  • #985
  • Jun 12, 2020 10:29am Jun 12, 2020 10:29am
Quoting makenas
{quote} am aware you said mt4 is not the best,kindly correct my first try,thank you {image}
Seysin said that mt4 not the best, not me.
deal with the 2 comments first:
1. if selling, the lower channel should not touch any price body or shadow.
2. your channel is more than 160 pips wide, which means that you are expecting target of there about. are you comfortable with that? i myself expects 30-60 pips for day trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 41 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #986
  • Jun 12, 2020 11:33am Jun 12, 2020 11:33am
Quoting makenas
{quote} am aware you said mt4 is not the best,kindly correct my first try,thank you {image}
Oooh. This channel is too wide. Try to build more tight channel, it would give you not so much in pips, but be more safe & target can be easily reached.
Also on M30 there's trend continuation divergence, so you could enter on second swing.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.png Size: 191 KB
  • #987
  • Jun 12, 2020 11:50pm Jun 12, 2020 11:50pm
Quoting prozium
{quote} Oooh. This channel is too wide. Try to build more tight channel, it would give you not so much in pips, but be more safe & target can be easily reached. Also on M30 there's trend continuation divergence, so you could enter on second swing. {image}
Thank you, noted
  • #988
  • Jun 12, 2020 11:54pm Jun 12, 2020 11:54pm
Quoting Inthebox
{quote} Seysin said that mt4 not the best, not me. deal with the 2 comments first: 1. if selling, the lower channel should not touch any price body or shadow. 2. your channel is more than 160 pips wide, which means that you are expecting target of there about. are you comfortable with that? i myself expects 30-60 pips for day trading. {image}
I stand corrected and thank you for your patience,hope this charts are better
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 79 KB
Click to Enlarge Name: EURUSDH1fcp.png Size: 78 KB
  • #989
  • Jun 13, 2020 1:35am Jun 13, 2020 1:35am
Quoting makenas
{quote} I stand corrected and thank you for your patience,hope this charts are better {image} {image}
you got point 1 and 2 correct. now work on point 3.
get point 3 as straight a line from point 1 or point 2 with as few retracement as possible. see 1st example.
the placement of the channel at point 3 is adjustable. can be the extreme outer line, the mid line, or the quadrant line so as to get different fib projection.

i provide another perspective of h1. the channel point 2 is not drawn on the lowest point as per above example.
the distance of point 1 and 2 is shorter. it's ok as long as the channel bottom line does not touch any candle body or tail to the left.

the drawing of channel would very much dependent on when is your arrival on seeing the chart.
m15 showed a late arrival at chart compared to an earlier arrival. it was a break out entry. no retrace.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image2.png Size: 22 KB
Click to Enlarge Name: Image3.png Size: 20 KB
Click to Enlarge Name: Image4.png Size: 29 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #990
  • Jun 13, 2020 2:24am Jun 13, 2020 2:24am
Quoting Inthebox
{quote} you got point 1 and 2 correct. now work on point 3. get point 3 as straight a line from point 1 or point 2 with as few retracement as possible. see 1st example. the placement of the channel at point 3 is adjustable. can be the extreme outer line, the mid line, or the quadrant line so as to get different fib projection. i provide another perspective of h1. the channel point 2 is not drawn on the lowest point as per above example. the distance of point 1 and 2 is shorter. it's ok as long as the channel bottom line does not touch any candle...
Thanks very much, all understood,i will spend the weekend on the charts waiting for monday.Blessed weekend
  • #991
  • Jun 14, 2020 2:02am Jun 14, 2020 2:02am
just maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 28 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #992
  • Jun 14, 2020 2:13am Jun 14, 2020 2:13am
Quoting Tragruel
{quote} Using the Valid trendline, this would be the result for EURJPY H1. you see, this was actually a very good FCP. {image}
I see. I understand where you are coming from now. Thank you so much for your help
  • #993
  • Jun 15, 2020 12:14am Jun 15, 2020 12:14am
Hello there.
I wish everyone a successful week.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 25 KB
  • #994
  • Jun 15, 2020 11:37am Jun 15, 2020 11:37am
eur and gbp became weak when new york opened.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #995
  • Jun 15, 2020 12:10pm Jun 15, 2020 12:10pm
Quoting Inthebox
just maybe? {image}
plan your trade. and trade your plan.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #996
  • Jun 15, 2020 8:11pm Jun 15, 2020 8:11pm
watch for rejection
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #997
  • Jun 15, 2020 9:32pm Jun 15, 2020 9:32pm
Quoting Inthebox
watch for rejection {image}
I'm up to the prediction game. my view : above daily/weekly pivots, above 0.786 zone... lets see....
trade safe...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4.png Size: 147 KB
  • #998
  • Edited 10:18pm Jun 15, 2020 10:07pm | Edited 10:18pm
Quoting Tragruel
{quote} I'm up to the prediction game. my view : above daily/weekly pivots, above 0.786 zone... lets see.... trade safe... {image}
yes there is an attraction to the stronger upper resistance zone, probably to fib 61.8. then the down trend continuation. just watching for the main event turning point at the 2 zones.
ITB - Seeing Orderliness amongst 'Randomness'
  • #999
  • Jun 16, 2020 2:55am Jun 16, 2020 2:55am
Quoting Inthebox
watch for rejection {image}
gj result
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,000
  • Jun 16, 2020 3:09am Jun 16, 2020 3:09am
hmmmn ..... do not know why my mt5 chart arrows sometime shift half candle to the right.
and i cannot simply drag a historical trade onto the chart.
ITB - Seeing Orderliness amongst 'Randomness'
0 traders viewing now