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The Fibonacci channel projections (FCP)

  • #1,041
  • Jun 22, 2020 2:30am Jun 22, 2020 2:30am
Quoting prozium
{quote} See my post: https://www.forexfactory.com/showthr...5#post13009645 I traded "head & shoulders" setup.
Thanks for the answer, I get it.
I did not see FCP models on your chart, so I posted my chart so that you can analyze your mistakes.
H&S, divergences and etc, complement the FCP model. In this case, the model was quite accurate, we can say beautiful.
With proper building, you would receive an accurate signal to Trigger line 1 and the exact achievement of TP.
That is all that is needed.
  • #1,042
  • Jun 22, 2020 4:12am Jun 22, 2020 4:12am
Quoting Seysin32
{quote} Thanks for the answer, I get it. I did not see FCP models on your chart, so I posted my chart so that you can analyze your mistakes. H&S, divergences and etc, complement the FCP model. In this case, the model was quite accurate, we can say beautiful. With proper building, you would receive an accurate signal to Trigger line 1 and the exact achievement of TP. That is all that is needed.
Ok. Understand. Thank you.
  • #1,043
  • Jun 22, 2020 7:37am Jun 22, 2020 7:37am
en reached target.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,044
  • Jun 22, 2020 8:35am Jun 22, 2020 8:35am
Quoting Seysin32
{quote} Thanks for the answer, I get it. I did not see FCP models on your chart, so I posted my chart so that you can analyze your mistakes. H&S, divergences and etc, complement the FCP model. In this case, the model was quite accurate, we can say beautiful. With proper building, you would receive an accurate signal to Trigger line 1 and the exact achievement of TP. That is all that is needed.
Seysin32, is it correct to build channel through opens/closes of candles, not through highs/lows?
Attached Images
  • #1,045
  • Jun 22, 2020 8:56am Jun 22, 2020 8:56am
Quoting prozium
{quote} Seysin32, is it correct to build channel through opens/closes of candles, not through highs/lows? {image} {image}
It will be right to build a model on Highs/Lows.
  • #1,046
  • Jun 22, 2020 9:01am Jun 22, 2020 9:01am
Quoting Seysin32
{quote} It will be right to build a model on Highs/Lows.
Got that
  • #1,047
  • Jun 22, 2020 9:27am Jun 22, 2020 9:27am
Quoting prozium
{quote} Seysin32, is it correct to build channel through opens/closes of candles, not through highs/lows? {image} {image}
fresh example, current situation:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1.JPG Size: 165 KB
  • #1,048
  • Jun 22, 2020 9:55am Jun 22, 2020 9:55am
Quoting Seysin32
{quote} fresh example, current situation: {image}
Seysin, what EMAs are you using there?
  • #1,049
  • Jun 22, 2020 10:07am Jun 22, 2020 10:07am
Quoting JiveTrader
{quote} Seysin, what EMAs are you using there?
settings may vary depending on the pair, but in general, like this:
for H1:
Attached Image (click to enlarge)
Click to Enlarge Name: ma h1.JPG Size: 59 KB

for m15:
Attached Image (click to enlarge)
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  • #1,050
  • Jun 22, 2020 10:12am Jun 22, 2020 10:12am
Quoting Seysin32
{quote} settings may vary depending on the pair, but in general, like this: for H1: {image} for m15: {image}
kind of monitoring the d1 in h1 and half day in m15.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,051
  • Jun 23, 2020 2:44am Jun 23, 2020 2:44am
Quoting Seysin32
{quote} fresh example, current situation: {image}
result:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1 2.JPG Size: 212 KB
  • #1,052
  • Jun 23, 2020 3:19am Jun 23, 2020 3:19am
Attached Image (click to enlarge)
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  • #1,053
  • Jun 23, 2020 6:49am Jun 23, 2020 6:49am
EU H1 in progress...
Attached Image (click to enlarge)
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  • #1,054
  • Jun 23, 2020 7:14am Jun 23, 2020 7:14am
Quoting prozium
EU H1 in progress... {image}
I traded a diffrent TL. Hit TP2
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  • #1,055
  • Jun 23, 2020 7:20am Jun 23, 2020 7:20am
Quoting JiveTrader
{quote} I traded a diffrent TL. Hit TP2 {image}
Also was cool setup
  • #1,056
  • Jun 23, 2020 8:11am Jun 23, 2020 8:11am
Quoting JiveTrader
{quote} I traded a diffrent TL. Hit TP2 {image}
I like accuracy, now TP2 is achieved:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.JPG Size: 221 KB
  • #1,057
  • Jun 23, 2020 1:10pm Jun 23, 2020 1:10pm
https://www.tradingview.com/x/e4NcjS3E/
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  • #1,058
  • Jun 23, 2020 3:36pm Jun 23, 2020 3:36pm
Hi.
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  • #1,059
  • Jun 24, 2020 5:34am Jun 24, 2020 5:34am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 14 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,060
  • Jun 24, 2020 10:36am Jun 24, 2020 10:36am
continuation
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ITB - Seeing Orderliness amongst 'Randomness'
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