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The Fibonacci channel projections (FCP)

  • #1,161
  • Jul 16, 2020 11:25pm Jul 16, 2020 11:25pm
Quoting caiusi
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.
this happens to all new members until a certain minimum number of posts have been made (10 or 20?).
then it will be a straight through processing.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,162
  • Jul 17, 2020 3:36am Jul 17, 2020 3:36am
Quoting Inthebox
{quote} this happens to all new members until a certain minimum number of posts have been made (10 or 20?). then it will be a straight through processing.
Annoying. I'm here to learn, not to troll people. Any way. Last night I blew up an account on the simulator trying to learn this . Today is another day.
  • #1,163
  • Jul 17, 2020 3:48am Jul 17, 2020 3:48am
Hello everyone!
Morning FCP scalp
(a continuation is possible, closed part, for the rest part SL=BE):
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Quoting caiusi
{quote} Annoying. I'm here to learn, not to troll people. Any way. Last night I blew up an account on the simulator trying to learn this . Today is another day.
Don't worry about anything, friend, just be calm, take your time and continue.
  • #1,164
  • Jul 17, 2020 4:04am Jul 17, 2020 4:04am
Quoting Seysin32
Hello everyone! Morning FCP scalp (a continuation is possible, closed part, for the rest part SL=BE): {image} {quote} Don't worry about anything, friend, just be calm, take your time and continue.
I will. Thanks for the good words.

Is this channel correct? Should I expect the price to go up?
Attached Image (click to enlarge)
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  • #1,165
  • Jul 17, 2020 4:17am Jul 17, 2020 4:17am
Quoting caiusi
{quote} I will. Thanks for the good words. Is this channel correct? Should I expect the price to go up? {image}
Perhaps, but additional signals are needed. In this case, I would not use such a channel. While waiting for the trend to continue, it is better to look for an opportunity to enter on LT. I advise you not to look for current entry opportunities in the live market, but to train in building the "classic" FCP model (based on historical data), which is described in the first posts of the thread. This is a proven way of learning.
Attached Image (click to enlarge)
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  • #1,166
  • Jul 17, 2020 4:25am Jul 17, 2020 4:25am
Quoting Seysin32
{quote} Perhaps, but additional signals are needed. In this case, I would not use such a channel. While waiting for the trend to continue, it is better to look for an opportunity to enter on LT. I advise you not to look for current entry opportunities in the live market, but to train in building the "classic" FCP model (based on historical data), which is described in the first posts of the thread. This is a proven way of learning. {image}
I'm using soft4fx every night. Is my best friend.
  • #1,167
  • Jul 17, 2020 5:28am Jul 17, 2020 5:28am
Quoting Seysin32
Hello everyone! Morning FCP scalp (a continuation is possible, closed part, for the rest part SL=BE): {image} {quote} Don't worry about anything, friend, just be calm, take your time and continue.
When in time do you draw the channel? do you draw before waiting to break up? Can you highlight the candle of drawing the channel, please? Also, can you catch in the print screens the time, would be very helpful.
Attached Image (click to enlarge)
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  • #1,168
  • Edited 12:11pm Jul 17, 2020 7:46am | Edited 12:11pm
USDCHF H1+M30+M15
Interesting trade on 3 timeframes.
On H1 channel was broken but there's no visible accurate divergence.
Switched to M30, detected trend continuation divergence. Waiting for confirmation & PA.
Switched to M15. also trend continuation divergence catched. Decided to enter.
Resistance zone confirmed its strength, price rolled down.
Attached Image(s) (click to enlarge)
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  • #1,169
  • Jul 17, 2020 10:29am Jul 17, 2020 10:29am
For every new Reader of this Thread:

I recommend to read this 2 Posts:

p173 FCP for Ranges
p174 Video How to draw the FCP-TLs

atb vvm
PA Trading with EMAs & common Sense
  • #1,170
  • Jul 17, 2020 11:34am Jul 17, 2020 11:34am
Quoting caiusi
{quote} When in time do you draw the channel? do you draw before waiting to break up? Can you highlight the candle of drawing the channel, please? Also, can you catch in the print screens the time, would be very helpful. {image}
If I understood your question correctly, then: First - TL, then breakout (with confirmation), then building a channel and Fibo projection.
This is shown here: post, post.
Also, it is important - post.
  • #1,171
  • Jul 17, 2020 11:39am Jul 17, 2020 11:39am
Quoting prozium
USDCHF H1+M30+M15 Interesting trade on 3 timeframes. On H1 channel was broken but there's no visible accurate divergence. Switched to M30, detected trend continuation divergence. Waiting for confirmation & PA. Switched to M15. also trend trend continuation divergence catched. Decided to enter. Resistance zone confirmed its strength, price rolled down. {image} {image} {image}
What can I say... Very good, well done!
  • #1,172
  • Jul 17, 2020 1:18pm Jul 17, 2020 1:18pm
Today's USDCHF H1

For now trading on H1 timeframe to master the craft
After one week I need to say its nice and easy method.

Attached Image (click to enlarge)
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  • #1,173
  • Jul 17, 2020 2:28pm Jul 17, 2020 2:28pm
Friends, I wish you all a good weekend!
Take care of yourself. I'll see you Monday.
  • #1,174
  • Jul 17, 2020 6:27pm Jul 17, 2020 6:27pm
Hey, Your strategy looks intriguing and Im interested in eventually implementing it, however I'm still a beginner(practicing on demo) and I don't think Im quite at the level of experience to succesfully implement FCP. What indicators/strategies should I practice/play with a little to build up my experience to be able to understand FCP fully?
LazerBeam
  • #1,175
  • Jul 17, 2020 10:43pm Jul 17, 2020 10:43pm
Quoting LazerBeam
Hey, Your strategy looks intriguing and Im interested in eventually implementing it, however I'm still a beginner(practicing on demo) and I don't think Im quite at the level of experience to succesfully implement FCP. What indicators/strategies should I practice/play with a little to build up my experience to be able to understand FCP fully?
go back to old school. higher high, higher low.

use the fractals. read post#1 three times.
1. when a fractal is broken (keep on adjusting)
2. draw trend line (channel)
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,176
  • Jul 18, 2020 5:43am Jul 18, 2020 5:43am
Good morning can someone tell me the right setting of Fibonacci levels please I can not understand them there is a big confusion thanks
  • #1,177
  • Jul 18, 2020 9:34am Jul 18, 2020 9:34am
Quoting pepe2004
Good morning can someone tell me the right setting of Fibonacci levels please I can not understand them there is a big confusion thanks
here
  • #1,178
  • Jul 18, 2020 10:06am Jul 18, 2020 10:06am
thanks SEysin32
  • #1,179
  • Jul 18, 2020 3:35pm Jul 18, 2020 3:35pm
Hi Mate,

mark please my Mistakes
in this Charts

atb vvm
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PA Trading with EMAs & common Sense
  • #1,180
  • Jul 19, 2020 1:58am Jul 19, 2020 1:58am
Quoting vvm
Hi Mate, mark please my Mistakes in this Charts atb vvm {image} {image} {image} {image}
for comparison.
fine tuning in lower time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-19_14-56-11.png Size: 47 KB
ITB - Seeing Orderliness amongst 'Randomness'
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