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The Fibonacci channel projections (FCP)

  • #1,181
  • Jul 19, 2020 3:07am Jul 19, 2020 3:07am
Hi Mate,
mark please my Mistakes
in this Charts

There are 2 TLs:

The first is for SwingLow @ Time 15:45
and the 2. SwingLow is for 17:35
atb vvm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19.07-M5-1.png Size: 46 KB
Click to Enlarge Name: 19.07-M5-2.png Size: 61 KB
PA Trading with EMAs & common Sense
  • #1,182
  • Jul 19, 2020 11:11am Jul 19, 2020 11:11am
Hello.
For your first post, Inthebox has already said everything, I completely agree with him.
As for this:
Quoting vvm
Hi Mate, mark please my Mistakes in this Charts There are 2 TLs: The first is for SwingLow @ Time 15:45 and the 2. SwingLow is for 17:35 atb vvm {image} {image}
the second chart is correct. You yourself can see, how the price subsequently "respected" the levels of your projection. Add level 88.6 to the projection. If I'm not mistaken, it was retested.
  • #1,183
  • Jul 19, 2020 11:29am Jul 19, 2020 11:29am
Quoting vvm
Hi Mate, mark please my Mistakes in this Charts There are 2 TLs: The first is for SwingLow @ Time 15:45 and the 2. SwingLow is for 17:35 atb vvm {image} {image}
for comparison.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-20_00-26-51.png Size: 39 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,184
  • Jul 19, 2020 12:42pm Jul 19, 2020 12:42pm
Seysin, Inthebox

Thanks for your Comments!!

atb vvm
PA Trading with EMAs & common Sense
  • #1,185
  • Jul 20, 2020 1:48am Jul 20, 2020 1:48am
looks like eur and gbp rising for london open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,186
  • Jul 20, 2020 3:03am Jul 20, 2020 3:03am
nicely done.
fcp entries at major support with divergences.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-20_15-59-41.png Size: 39 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,187
  • Jul 20, 2020 4:55am Jul 20, 2020 4:55am
eur weaker than gbp
nzd rising.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,188
  • Jul 20, 2020 8:07am Jul 20, 2020 8:07am
Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-20_21-05-10.png Size: 40 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,189
  • Jul 20, 2020 8:21am Jul 20, 2020 8:21am
Why did I fail? I sold at the last big red arrow
Attached Image (click to enlarge)
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  • #1,190
  • Jul 20, 2020 9:11am Jul 20, 2020 9:11am
Quoting caiusi
Why did I fail? I sold at the last big red arrow {image}
Sell is not confirmed here, IMHO.
1. Yes, we see bears divergence.
2. But, bulls has strength, and bulls divergence detected. Also bullish engulfing pattern & pinbar that rejecting lower prices tells that setup is not confirmed.
So we have false channel breakout.
Don't hurry, keep calm & wait for strong & 100% confirmed setup.
You can use OsMA indicator with 8,21,8 settings. It shows more data about divergences.
Please, be careful
Attached Image(s) (click to enlarge)
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  • #1,191
  • Jul 20, 2020 9:35am Jul 20, 2020 9:35am
Quoting caiusi
Why did I fail? I sold at the last big red arrow {image}
m5 vs h1.
don't forget higher time frame analysis.

1. resistance tested 5 times - matter of time will break up.
2. broke down upward sloping trend line, then reversed back above.
3. and 2nd time back up trend line as a pin bar with higher low.
4. compare the first 2 resistance touches with the last 3. the bounces down getting shorter.
5. hidden divergence - means trend continuation.

all the above are footprints telling momentum is up.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,192
  • Jul 20, 2020 9:46am Jul 20, 2020 9:46am
Quoting caiusi
Why did I fail? I sold at the last big red arrow {image}
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 200720.JPG Size: 169 KB

for example, how I did it:
Attached Image (click to enlarge)
Click to Enlarge Name: eur 200720.JPG Size: 119 KB
  • #1,193
  • Jul 20, 2020 12:08pm Jul 20, 2020 12:08pm
Quoting Seysin32
{quote} {image} for example, how I did it: {image}
I dont have words to thank you all. With your help I will be a trader in one day.

Seysin , do you mind if I ask what are the 2 moving averages?
  • #1,194
  • Jul 20, 2020 12:40pm Jul 20, 2020 12:40pm
Quoting caiusi
{quote} I dont have words to thank you all. With your help I will be a trader in one day. Seysin , do you mind if I ask what are the 2 moving averages?
If others can, then so I can. I think, being a trader - it is a process. We are all learning.
MA m1-m5:
Attached Image
and post
  • #1,195
  • Jul 21, 2020 1:29am Jul 21, 2020 1:29am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,196
  • Jul 21, 2020 1:54am Jul 21, 2020 1:54am
Cable M5

atb vvm
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #1,197
  • Jul 21, 2020 2:16am Jul 21, 2020 2:16am
Quoting vvm
Cable M5 atb vvm {image}
are you looking to sell?
higher time frame analysis.
i think more chance to buy by waiting for pullback as resistance broken turned support.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-21_14-21-33.png Size: 27 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,198
  • Jul 21, 2020 2:27am Jul 21, 2020 2:27am
Quote
are you looking to sell?

NO,NO
I bought after BO of this GelbMA

I want to draw the actual TL
over all day long

May be I have a Luck
and I can catch this Break point on Chart sometime later

atb vvm
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #1,199
  • Jul 21, 2020 3:57am Jul 21, 2020 3:57am
Cable

atb vvm
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #1,200
  • Jul 21, 2020 4:35am Jul 21, 2020 4:35am
Cable

atb vvm
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PA Trading with EMAs & common Sense
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