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The Fibonacci channel projections (FCP)

  • #1,081
  • Jun 30, 2020 1:43pm Jun 30, 2020 1:43pm
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  • #1,082
  • Jun 30, 2020 3:24pm Jun 30, 2020 3:24pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,083
  • Jul 1, 2020 3:49am Jul 1, 2020 3:49am
Anyone trading Gold right now OR has a good setup? Can you check if this is right? Ty

XAUUSD - 15 Minute
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  • #1,084
  • Jul 1, 2020 3:52am Jul 1, 2020 3:52am
wait for price up retest fibo100 and volume high
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  • #1,085
  • Jul 1, 2020 6:48am Jul 1, 2020 6:48am
Quoting GPipz
Anyone trading Gold right now OR has a good setup? Can you check if this is right? Ty XAUUSD - 15 Minute {image}
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  • #1,086
  • Jul 1, 2020 7:44am Jul 1, 2020 7:44am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,087
  • Jul 1, 2020 7:49am Jul 1, 2020 7:49am
price breakout 0.750 and retest,and volumes is high,so i open positions,am i right?
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  • #1,088
  • Jul 1, 2020 8:03am Jul 1, 2020 8:03am
Quoting 274275025
price breakout 0.750 and retest,and volumes is high,so i open positions,am i right? {image}
You are a little late, bro, but you can try...
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  • #1,089
  • Jul 1, 2020 8:05am Jul 1, 2020 8:05am
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  • #1,090
  • Jul 1, 2020 8:09am Jul 1, 2020 8:09am
Quoting 274275025
price breakout 0.750 and retest,and volumes is high,so i open positions,am i right? {image}
although there was a pin bar, i guess the resistance zone will hold.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,091
  • Jul 1, 2020 8:18am Jul 1, 2020 8:18am
Quoting 274275025
price breakout 0.750 and retest,and volumes is high,so i open positions,am i right? {image}
Looks good. You could enter a little earlier, cause of bearish engulfing PA. Now I'd better wait & see how price retraces & catch hidden divergence.
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  • #1,092
  • Jul 1, 2020 8:55am Jul 1, 2020 8:55am
Quoting Seysin32
{quote} {image}
Not bad.
TP2 reached. Part of position is closed, for the rest part SL=BE. Lets see...
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  • #1,093
  • Jul 1, 2020 9:27am Jul 1, 2020 9:27am
Quoting Seysin32
{quote} Not bad. TP2 reached. Part of position is closed, for the rest part SL=BE. Lets see... {image}
You didn't place the maximum peak on the on the mid line of the channel. Instead used previous as Point 3. Is this because divergence is inside the channel?
  • #1,094
  • Jul 1, 2020 9:33am Jul 1, 2020 9:33am
Quoting GPipz
{quote} You didn't place the maximum peak on the on the mid line of the channel. Instead used previous as Point 3. Is this because divergence is inside the channel?
channel was drawn based on h1. point 3 from point 2.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,095
  • Jul 1, 2020 9:36am Jul 1, 2020 9:36am
Quoting GPipz
{quote} You didn't place the maximum peak on the on the mid line of the channel. Instead used previous as Point 3. Is this because divergence is inside the channel?
I deliberately placed a mini-chart H1 in the corner of the chart m15, so that you can see the construction of the channel.

Quoting Inthebox
{quote} channel was drawn based on h1. point 3 from point 2.
Thank you friend, that's right.
  • #1,096
  • Jul 1, 2020 9:46am Jul 1, 2020 9:46am
Thanks guys. I really appreciate it. I wanted to follow and be confident with this strategy.
  • #1,097
  • Jul 1, 2020 2:48pm Jul 1, 2020 2:48pm
GBPUSD H1
Missed first wave but catched second
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  • #1,098
  • Jul 2, 2020 6:11am Jul 2, 2020 6:11am
Hit TP2 perfectly.
https://www.tradingview.com/x/brDkg1I8/
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  • #1,099
  • Jul 2, 2020 7:18am Jul 2, 2020 7:18am
Quoting JiveTrader
Hit TP2 perfectly. {image} {image}
I think channel was built a little bit incorrectly. Also there was uptrend continuation divergence, but fortunately downtrend continuation divergences appears on M15.
Be careful
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  • #1,100
  • Jul 2, 2020 8:46am Jul 2, 2020 8:46am
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ITB - Seeing Orderliness amongst 'Randomness'
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