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The Fibonacci channel projections (FCP)

  • #1,141
  • Jul 16, 2020 5:27am Jul 16, 2020 5:27am
Quoting Inthebox
{quote} we trade the breakout of channel, not the bounce inside the channel. only just have to read post#1 with the links.
I tried in the second one
  • #1,142
  • Jul 16, 2020 5:33am Jul 16, 2020 5:33am
Quoting caiusi
ok, I entered here and lost. . Why? (apart of the fact that I don't know anything yet ) {image}
my bet is on buy.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-16_18-32-29.png Size: 26 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,143
  • Jul 16, 2020 6:31am Jul 16, 2020 6:31am
thanks, I see now. I'm hungry to see you other real-time setups, I'm gonna refresh this page many times per day.
  • #1,144
  • Jul 16, 2020 7:47am Jul 16, 2020 7:47am
there are times where better channel formed later with more confirmations like higher low, divergence, ma cross.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-16_20-46-01.png Size: 25 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,145
  • Jul 16, 2020 8:16am Jul 16, 2020 8:16am
Quoting caiusi
ok, I entered here and lost. . Why? (apart of the fact that I don't know anything yet ) {image}
For to start. Don't trade low TFs. Train at least H1 with the minimum position size. Take a look at the chart below - you had no reason to go short.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp m5.JPG Size: 215 KB
  • #1,146
  • Jul 16, 2020 11:36am Jul 16, 2020 11:36am
Settings for FiboGrid

Hi Mate,
I need your Help,
I have added to my Fibo 3 Levels,
but I think this new Settings (12 Levels) are not correct.
Please see Pic in Attachment...

And write please for me a List with correct 12 Positions

Thanks

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: FiboGridSettings.png Size: 17 KB
PA Trading with EMAs & common Sense
  • #1,147
  • Jul 16, 2020 11:43am Jul 16, 2020 11:43am
Hello.
I have highlighted these levels on the chart in my answer - post
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-14_1602.png Size: 3 KB

Above Trigger Line 1 (100.0 Fib), you can use levels no higher than 161.8.
  • #1,148
  • Jul 16, 2020 11:52am Jul 16, 2020 11:52am
Seysin
SORRY
THANKS

have a nice Weekend

atb vvm
PA Trading with EMAs & common Sense
  • #1,149
  • Jul 16, 2020 11:57am Jul 16, 2020 11:57am
right now:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp m1 160720.JPG Size: 186 KB
  • #1,150
  • Jul 16, 2020 12:08pm Jul 16, 2020 12:08pm
Quoting vvm
Settings for FiboGrid Hi Mate, I need your Help, I have added to my Fibo 3 Levels, but I think this new Settings (12 Levels) are not correct. Please see Pic in Attachment... And write please for me a List with correct 12 Positions Thanks atb vvm {image}
this should help
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,151
  • Jul 16, 2020 12:43pm Jul 16, 2020 12:43pm
Quoting Seysin32
right now: {image}
TP reached and more, closed.
result:
Attached Image (click to enlarge)
Click to Enlarge Name: eur m1 160720 3.JPG Size: 191 KB
  • #1,152
  • Jul 16, 2020 12:59pm Jul 16, 2020 12:59pm
Quoting Seysin32
right now: {image}
Many thanks for you all for all the help.

Why did you buy there and not soon after the price leave the channel?
  • #1,153
  • Jul 16, 2020 1:03pm Jul 16, 2020 1:03pm
Inthebox thanks for your Reply,
it looks better
but the Items between 0.0 and 100.0 are not here...

s. Pic in Attachment

atb vvm
Attached Image
PA Trading with EMAs & common Sense
  • #1,154
  • Jul 16, 2020 1:15pm Jul 16, 2020 1:15pm
Quoting vvm
Inthebox thanks for your Reply, it looks better but the Items between 0.0 and 100.0 are not here... s. Pic in Attachment atb vvm {image}
0 to 100 are default numbers. just click defaults and add the other missing levels.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,155
  • Jul 16, 2020 2:08pm Jul 16, 2020 2:08pm
Quoting caiusi
{quote} Many thanks for you all for all the help. Why did you buy there and not soon after the price leave the channel?
In this case, of course, you meant the sell. I very rarely open a position immediately after a channel breakout. The reason is simple - you will have a very low win rate. Basically, we enter after retesting trigger levels 1 or 2 (1.000 and 0.786-0.750 Fib). The appearance at these levels of candlestick patterns, PA patterns, volume changes, etc. will give you a signal to enter with a good R/R ratio. All this was consider in detail at the beginning of the thread. For example post
  • #1,156
  • Jul 16, 2020 2:16pm Jul 16, 2020 2:16pm
GBPUSD H1
Perfect retrace from H4 support
Attached Image (click to enlarge)
Click to Enlarge Name: 20200716_2200_gbpusd_h1.png Size: 114 KB
  • #1,157
  • Jul 16, 2020 2:32pm Jul 16, 2020 2:32pm
Quoting prozium
GBPUSD H1 Perfect retrace from H4 support {image}
Let me correct you a little.
So it would be more accurate:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp H1.JPG Size: 75 KB
  • #1,158
  • Jul 16, 2020 3:35pm Jul 16, 2020 3:35pm
Quoting Seysin32
{quote} Let me correct you a little. So it would be more accurate: {image}
Yes. Looks perfect. But I decided to choose more narrow channel because of ECB Press Conference & other important news.
  • #1,159
  • Jul 16, 2020 7:00pm Jul 16, 2020 7:00pm
Quoting Seysin32
Hello friends! I recorded short videos about how I draw the FCP. Important points I mark in yellow circles. When I'm doing it for myself, I spend on it only 5 seconds. While I post only one video. I hope, you will like it. https://youtu.be/s2M-302JjCs
Believe me, if I will ever master this, everyone will can.
  • #1,160
  • Jul 16, 2020 7:05pm Jul 16, 2020 7:05pm
I am a very literate man and well behaved, even that English is not my first language. Can any admin remove this? :
Your post is being reviewed.
This post is not yet visible to others. As a Junior Member your posts are hand-moderated as a quality control measure. If approved, this post will be made visible to others and this message will not appear. If this post is denied it will be removed completely. Many thanks.
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