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The Fibonacci channel projections (FCP)

  • #1,441
  • Aug 16, 2020 4:24am Aug 16, 2020 4:24am
Quoting Seysin32
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. {image}
Seysin, thank you very much for taking the time for such a detailed analysis. Would you mind elaborating on point 2? Are you looking for the top of the price to be seen with a lower MACD at that particular spot. I was comparing the MACD with a higher peak much lower in the channel per my illustration. I am always trying to learn. Thanks again!
  • #1,442
  • Aug 16, 2020 5:58am Aug 16, 2020 5:58am
Quoting JiveTrader
{quote} ...Would you mind elaborating on point 2? ...
There are many methods on FF.
And I'm glad you find this thread helpful.
FCP is simple and effective, but it is not science, more art.
Attached Image (click to enlarge)
Click to Enlarge Name: swingmodel.PNG Size: 138 KB
  • #1,443
  • Aug 16, 2020 6:05am Aug 16, 2020 6:05am
I love the graphic!! Understood. Thanks again brother.
  • #1,444
  • Aug 16, 2020 7:17pm Aug 16, 2020 7:17pm
Seysin32,

I concur with JiveTrader. You do an excellent job explaining, and your graphics are always crystal clear and never confusing. You can't imagine how much that helps us guys as we strive to learn you FCP method.

You are certainly appreciated,
Tx15
  • #1,445
  • Aug 17, 2020 12:19am Aug 17, 2020 12:19am
Quoting JiveTrader
I love the graphic!! Understood. Thanks again brother.
Agreed, crystal clear!
  • #1,446
  • Aug 17, 2020 12:23am Aug 17, 2020 12:23am
Quoting Tx15
Seysin32, I concur with JiveTrader. You do an excellent job explaining, and your graphics are always crystal clear and never confusing. You can't imagine how much that helps us guys as we strive to learn you FCP method. You are certainly appreciated, Tx15
They are always great explanations, great job, keep it up.
  • #1,447
  • Aug 17, 2020 5:41am Aug 17, 2020 5:41am
GBP/NZD M5 Scalp
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 225 KB
  • #1,448
  • Aug 17, 2020 5:44am Aug 17, 2020 5:44am
Quoting JiveTrader
GBP/NZD M5 Scalp {image}
nice!
  • #1,449
  • Aug 18, 2020 6:55am Aug 18, 2020 6:55am
Is this FCP plotted correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 1H 18 Aug 2020.jpg Size: 140 KB
  • #1,450
  • Aug 18, 2020 11:24am Aug 18, 2020 11:24am
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-12 19_46_44-Window.png Size: 24 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,451
  • Aug 18, 2020 8:47pm Aug 18, 2020 8:47pm
some 40 pips move to resistance till london open?
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,452
  • Aug 18, 2020 9:52pm Aug 18, 2020 9:52pm
upward momentum suspected as price drops below last 3 days' highs for a head n shoulder
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-12 19_46_44-Window.png Size: 22 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,453
  • Aug 19, 2020 3:06am Aug 19, 2020 3:06am
Quoting Inthebox
some 40 pips move to resistance till london open? {image}
was able to reach tp2. reversed before resistance and closed below previous day high
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-12 19_46_44-Window.png Size: 23 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,454
  • Aug 19, 2020 7:37am Aug 19, 2020 7:37am
NZD/CAD m5 Scalp
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 217 KB
  • #1,455
  • Aug 19, 2020 8:26am Aug 19, 2020 8:26am
USD/JPY H1 - Watching
Attached Image (click to enlarge)
Click to Enlarge Name: download (1).png Size: 208 KB
  • #1,456
  • Aug 19, 2020 8:37am Aug 19, 2020 8:37am
Quoting Inthebox
upward momentum suspected as price drops below last 3 days' highs for a head n shoulder {image}
price dropped to the previous day's low
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-12 19_46_44-Window.png Size: 22 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,457
  • Aug 19, 2020 8:28pm Aug 19, 2020 8:28pm
all the rejection signs
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-12 19_46_44-Window.png Size: 22 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,458
  • Aug 20, 2020 12:34am Aug 20, 2020 12:34am
astro boy
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-08-12 19_46_44-Window.png Size: 20 KB
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,459
  • Aug 20, 2020 2:51am Aug 20, 2020 2:51am
Quoting Inthebox
all the rejection signs {image}
failed
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,460
  • Aug 20, 2020 4:11am Aug 20, 2020 4:11am
I was also looking at that GBP/NZD H1 instrument last night. I probably would have taken it if I was at my computer. However it didn't work. Any analysis as to why would be appreciated. This is how I saw it:

Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 231 KB
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