Disliked{quote} When the price instead of TP1 reaches the level of 0.236, then if it falls below, in most cases it will reach the level of 1.146 instead of TP2. {image}Ignored
The Fibonacci channel projections (FCP)
- #1,423
- Edited 9:00pm Aug 11, 2020 8:47pm | Edited 9:00pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #1,425
- Aug 11, 2020 9:50pm Aug 11, 2020 9:50pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
EURUSD 4H . Please comments if I've plot correctly. Thank you. {image}
ITB - Seeing Orderliness amongst 'Randomness'
- #1,426
- Aug 11, 2020 10:02pm Aug 11, 2020 10:02pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #1,429
- Aug 12, 2020 4:02am Aug 12, 2020 4:02am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
{quote}
EUR/USD m1 scalp
- #1,430
- Aug 12, 2020 4:48am Aug 12, 2020 4:48am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #1,433
- Aug 12, 2020 11:10pm Aug 12, 2020 11:10pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #1,434
- Aug 13, 2020 5:24am Aug 13, 2020 5:24am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
Hello everyone!
EUR/USD
FCP m1 scalp:
EUR/USD
FCP m1 scalp:
Seysin, two questions about this setup (I didn't take it)
1) The volume increases with the candle coming out of the channel, then the next candle goes back in the channel, would this be a red flag for you to not take the deal?
2) Do you see an entry here? There is a wick at the retest candle at the .786, but the trigger candle closes at the 0.382 so I don't see a way to enter.
Again can't thank you enough for your continued patience and excellent instruction.
1) The volume increases with the candle coming out of the channel, then the next candle goes back in the channel, would this be a red flag for you to not take the deal?
2) Do you see an entry here? There is a wick at the retest candle at the .786, but the trigger candle closes at the 0.382 so I don't see a way to enter.
Again can't thank you enough for your continued patience and excellent instruction.
- #1,437
- Edited 8:13am Aug 13, 2020 8:01am | Edited 8:13am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
Seysin, two questions about this setup (I didn't take it) 1) The volume increases with the candle coming out of the channel, then the next candle goes back in the channel, would this be a red flag for you to not take the deal? 2) Do you see an entry here? There is a wick at the retest candle at the .786, but the trigger candle closes at the 0.382 so I don't see a way to enter. Again can't thank you enough for your continued patience and excellent instruction. {image}
2. Yes, here was a good scalp setup .
I used a projection on my chart to see the setup better. Candle # 1 breaks through the channel and is accompanied by the most significant volume for today. Candle # 2 - up, the volume falls. Candle 3 - even lower, the volume increases, closes below the line of the daily opening (dashed white). Candle wick # 4 for trigger 2 - confirmation. While writing the answer, the situation has developed, nevertheless TP2 has been achieved exactly - about 13p. I would enter at the close of candle # 3, and close at TP2.
- #1,438
- Aug 13, 2020 8:07am Aug 13, 2020 8:07am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
While I was writing to you, I missed a deal on eurusd (nothing wrong) 
.
A very similar situation, net 25p.
.A very similar situation, net 25p.
Seysin
I wanted to get your opinion on this trade that I took. I took this on the m5 but was concerned that it was breaking out of almost an 8 hour channel. It looked good on the m15 except I couldn't get the EMAs to go in my favor on that time frame, going all the way down to a 8 & 13 EMA.
5 Min
15Min
I wanted to get your opinion on this trade that I took. I took this on the m5 but was concerned that it was breaking out of almost an 8 hour channel. It looked good on the m15 except I couldn't get the EMAs to go in my favor on that time frame, going all the way down to a 8 & 13 EMA.
5 Min
15Min
- #1,440
- Edited Aug 15, 2020 9:30am Aug 14, 2020 1:25pm | Edited Aug 15, 2020 9:30am
- Joined Apr 2013 | Status: Trader | 1,528 Posts
Hello!
I built a channel wider (too narrow projection to moving for almost 8 hours).
The deal was quite reasonable for a scalp, you could take about 20p, which you did.
But, I probably wouldn't have taken it... Why?
1. End of the European session + Friday.
2. I lacked cogency at the highs before the channel breakout.
I built a channel wider (too narrow projection to moving for almost 8 hours).
The deal was quite reasonable for a scalp, you could take about 20p, which you did.
But, I probably wouldn't have taken it... Why?
1. End of the European session + Friday.
2. I lacked cogency at the highs before the channel breakout.