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The Fibonacci channel projections (FCP)

  • #1,721
  • Feb 1, 2021 8:08am Feb 1, 2021 8:08am
EUR/AUD M5
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  • #1,722
  • Feb 1, 2021 9:43am Feb 1, 2021 9:43am
GBP/JPY M5
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  • #1,723
  • Feb 1, 2021 11:52am Feb 1, 2021 11:52am
EUR/USD M5 - Loss
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  • #1,724
  • Feb 1, 2021 12:13pm Feb 1, 2021 12:13pm
Quoting JiveTrader
EUR/USD M5 - Loss {image}
I drew the channel incorrectly. I should have hit TP1 and moved rest to BE.
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  • #1,725
  • Feb 1, 2021 12:30pm Feb 1, 2021 12:30pm
GBP/NZD - TP1 then SL-BE
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  • #1,726
  • Feb 2, 2021 8:13am Feb 2, 2021 8:13am
EUR/AUD M5 - TP1 then SL-BE
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  • #1,727
  • Feb 2, 2021 10:08am Feb 2, 2021 10:08am
Quoting JiveTrader
EUR/AUD M5 - TP1 then SL-BE {image}
Of course it goes on to hit TP2 after I am stopped at BE.
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  • #1,728
  • Feb 2, 2021 10:08am Feb 2, 2021 10:08am
NZD/JPY M15
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  • #1,729
  • Feb 3, 2021 4:24am Feb 3, 2021 4:24am
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  • #1,730
  • Feb 3, 2021 4:32am Feb 3, 2021 4:32am
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  • #1,731
  • Feb 3, 2021 9:49am Feb 3, 2021 9:49am
EUR/JPY M5 - Loss

Seysin - what are your thoughts on this one?

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  • #1,732
  • Feb 4, 2021 4:07am Feb 4, 2021 4:07am
Hi brother. Sorry for late answer. It was a matter of the magnitude of the downtrend correction, as you can see, this level limited this correction. For short term scalps, always consider these areas, they can act as S/R. My chart looks a little different, but it doesn't change the essence, I think you will understand.
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  • #1,733
  • Feb 4, 2021 4:48am Feb 4, 2021 4:48am
Quoting Seysin32
Hi brother. Sorry for late answer. It was a matter of the magnitude of the downtrend correction, as you can see, this level limited this correction. For short term scalps, always consider these areas, they can act as S/R. My chart looks a little different, but it doesn't change the essence, I think you will understand. {image}
Awesome. Thanks!
  • #1,734
  • Feb 8, 2021 2:50am Feb 8, 2021 2:50am
Quoting JiveTrader
{quote}...
You will understand what I mean
Today:
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  • #1,735
  • Feb 8, 2021 6:56am Feb 8, 2021 6:56am
Quoting JiveTrader
{quote}...
Another living example today. I think this will be enough to answer your question.
EUR/USD scalp:
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  • #1,736
  • Feb 8, 2021 9:45am Feb 8, 2021 9:45am
Hey Seysin,

Please let me know your thoughts on this one. I got in too early apparently.

Got in here.
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Should have waited for here:
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  • #1,737
  • Feb 8, 2021 4:18pm Feb 8, 2021 4:18pm
Quoting JiveTrader
Hey Seysin, Please let me know your thoughts on this one. I got in too early apparently. Got in here. {image} Should have waited for here: {image}
You answered your own question...
pay attention to the small chart m15 (inside bar and followed by bearish engulfing):
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  • #1,738
  • Feb 10, 2021 7:44am Feb 10, 2021 7:44am
Not bad for the scalp.
Looking at this setup, I see that the reaction to the news was known in advance.
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  • #1,739
  • Feb 10, 2021 2:57pm Feb 10, 2021 2:57pm
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  • #1,740
  • Feb 11, 2021 9:28am Feb 11, 2021 9:28am
EUR/USD
simple scalp
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