Disliked{quote} I'm confused about R:R at this XAU example: {image}(yes, I took this trade now, after the pullback, but the first cross was from the red cloud, so I think it's right signal [or not?]) If we scale FIBO from HH to LL of the swing that make previous red cloud, then we are almost at the 50% now and have no real target? + We have very-very big SL if we use LL of the previous wave or even the lowest point of the cloud. I think I do something wrong Similar situation: {image} {image}TP is near, SL is far What do I read wrong again? P.S....Ignored
so as i mention before u can go with it in scalping strategy pr lower TF
here in EURUSD ... as i mention before about chikou span cross .. in your example it cross from the middle ... that is why your SL is large
ALSO SAME IN USDJPY .... chikou in middle
thanks for share the example and make thread active by your question