The Fibonacci channel projections (FCP) | Page 85 | Forex Factory

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The Fibonacci channel projections (FCP)

  • #1,681
  • Dec 23, 2020 4:02am Dec 23, 2020 4:02am
EU M1
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  • #1,682
  • Dec 23, 2020 7:26am Dec 23, 2020 7:26am
Not bad for the final day...
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  • #1,683
  • Dec 23, 2020 7:33am Dec 23, 2020 7:33am
Quoting prozium
EJ, m1 Mistakes - Not perfect enter. Miss fibo 100 & 78.6 - Not sure, but should come out on PSAR reversal indication on first wave (may be not, investigating) Strategy - Not sure that PSAR is helpful {image}
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  • #1,684
  • Dec 23, 2020 10:25am Dec 23, 2020 10:25am
...аnd a bit more:
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  • #1,685
  • Dec 23, 2020 4:10pm Dec 23, 2020 4:10pm
Friends!
I congratulate everyone who celebrates these holidays a Merry Christmas and a Happy New Year!!!
For those, who do not celebrate, I just wish you a good rest and a good time during this period.
It has been a difficult but interesting year. All of us were affected by well-known events, a lot has changed,
something has gone, and something new has appeared, the world has changed.
I wish all of us good health, joy and good luck in trading in the new year.
Take care of yourself and your loved ones.
See you next year.
  • #1,686
  • Dec 24, 2020 12:32am Dec 24, 2020 12:32am
pre frankfurt.
ga m5 sell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,687
  • Dec 24, 2020 4:03am Dec 24, 2020 4:03am
Quoting Inthebox
pre frankfurt. ga m5 sell. {image}
exited with loss.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,688
  • Dec 24, 2020 9:15am Dec 24, 2020 9:15am
chance to get back.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,689
  • Dec 29, 2020 9:51pm Dec 29, 2020 9:51pm
Not 100% certain that the channel is correct please advise. However, the trade did play out in my favor.

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Blessed is the one who takes refuge in Him.
  • #1,690
  • Dec 29, 2020 11:46pm Dec 29, 2020 11:46pm
Quoting reo4ua
Not 100% certain that the channel is correct please advise. However, the trade did play out in my favor. {image}{image}
mainly was your placement of point 3.

FCP is used to give us as best an entry as possible with the TP. it's only one part of the story.
the more important part is why we sold there?
it looked like the trend was strong and sold on counter trend.
why didn't we sell at a lower level, we could draw a channel there too?
we could, depending how FCP was drawn. however the TP would be lesser, probably not hitting TP2.

reasons:
1. round number 30400.
2. slowing of upward momentum. compare the 2 green arrows. shorter and not as steep.
3. double top.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,691
  • Dec 30, 2020 6:48am Dec 30, 2020 6:48am
Quoting Inthebox
{quote} mainly was your placement of point 3. FCP is used to give us as best an entry as possible with the TP. it's only one part of the story. the more important part is why we sold there? it looked like the trend was strong and sold on counter trend. why didn't we sell at a lower level, we could draw a channel there too? we could, depending how FCP was drawn. however the TP would be lesser, probably not hitting TP2. reasons: 1. round number 30400. 2. slowing of upward momentum. compare the 2 green arrows. shorter and not as steep. 3. double top....

Thanks for the feedback. So that I'm clear, you're stating that point three should have been at the arrow in the image? If so, is this because this is considered a strong push up?

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Blessed is the one who takes refuge in Him.
  • #1,692
  • Dec 30, 2020 7:54am Dec 30, 2020 7:54am
~90 minutes before NY open. Please critique.

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Blessed is the one who takes refuge in Him.
  • #1,693
  • Dec 30, 2020 8:06am Dec 30, 2020 8:06am
Quoting reo4ua
~90 minutes before NY open. Please critique. {image}{image}
TP2 achieved.

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Blessed is the one who takes refuge in Him.
  • #1,694
  • Dec 30, 2020 8:26am Dec 30, 2020 8:26am
20 mins pre NY open

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Blessed is the one who takes refuge in Him.
  • #1,695
  • Dec 30, 2020 8:29am Dec 30, 2020 8:29am
Quoting reo4ua
20 mins pre NY open {image}
TP 1 hit
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Blessed is the one who takes refuge in Him.
  • #1,696
  • Dec 30, 2020 8:31am Dec 30, 2020 8:31am
Quoting reo4ua
{quote} TP 1 hit{image}
TP2 hit

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Blessed is the one who takes refuge in Him.
  • #1,697
  • Dec 30, 2020 8:33am Dec 30, 2020 8:33am
Quoting reo4ua
{quote} TP2 hit {image}
3rd position stopped out +45 points
Blessed is the one who takes refuge in Him.
  • #1,698
  • Dec 30, 2020 9:06am Dec 30, 2020 9:06am
waiting for next setup short
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  • #1,699
  • Dec 30, 2020 9:13am Dec 30, 2020 9:13am
Quoting reo4ua
waiting for next setup short{image}
breakout has occurred

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Blessed is the one who takes refuge in Him.
  • #1,700
  • Dec 30, 2020 9:16am Dec 30, 2020 9:16am
Quoting reo4ua
{quote} breakout has occurred {image}
entry....

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