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The Fibonacci channel projections (FCP)

  • #1,741
  • Feb 11, 2021 10:52am Feb 11, 2021 10:52am
result:
Attached Image (click to enlarge)
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  • #1,742
  • Feb 11, 2021 11:36am Feb 11, 2021 11:36am
Quoting Seysin32
EUR/USD simple scalp {image}
Hey Seysin,

Did you take your entry on the 1st circle and then again at the 2nd? Double dip?
  • #1,743
  • Feb 11, 2021 1:21pm Feb 11, 2021 1:21pm
Quoting JiveTrader
{quote} Hey Seysin, Did you take your entry on the 1st circle and then again at the 2nd? Double dip?
Hello! I took only on the first, did not add any more. I just noted the second possibility, if I had not previously entered.
See how this place looked on m15.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.JPG Size: 223 KB
  • #1,744
  • Feb 11, 2021 1:59pm Feb 11, 2021 1:59pm
Hey Seysin,

I noticed that your Fibos lately display a TP3 and TP4. I know you said previously that if you get a reaction .236 level that the chances increase that prices goes to the .146 level (past TP2). Can you expand on when you think TP3 and 4 would be hit? Thanks.
  • #1,745
  • Feb 11, 2021 3:35pm Feb 11, 2021 3:35pm
Quoting JiveTrader
...I noticed that your Fibos lately display a TP3 and TP4...
TP3, TP4 levels are more often reached on lower timeframes. Usually when scalping.
Quoting JiveTrader
...Can you expand on when you think TP3 and 4 would be hit?...
Yes.
  • #1,746
  • Feb 11, 2021 4:25pm Feb 11, 2021 4:25pm
Quoting Seysin32
{quote} TP3, TP4 levels are more often reached on lower timeframes. Usually when scalping. {quote} Yes.
When you say lower timeframes are you saying m1 & m5?
  • #1,747
  • Feb 12, 2021 3:22am Feb 12, 2021 3:22am
Quoting JiveTrader
{quote} When you say lower timeframes are you saying m1 & m5?
Yes.
  • #1,748
  • Feb 15, 2021 12:36am Feb 15, 2021 12:36am
Actually, I don't think Fibonacci is something quite practical. The support and resistance levels are very intensive, which from the current point of view, is very easy to prove past candles perfectly match Fibonacci theories.
  • #1,749
  • Feb 15, 2021 2:56am Feb 15, 2021 2:56am
EUR/USD
simple scalp:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_15.02.21.JPG Size: 239 KB
  • #1,750
  • Feb 15, 2021 3:48am Feb 15, 2021 3:48am
one more, but in the opposite direction...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_15.02.21_2.JPG Size: 144 KB
  • #1,751
  • Feb 15, 2021 3:59am Feb 15, 2021 3:59am
Quoting Seysin32
one more, but in the opposite direction... {image}
Have you closed it already?
  • #1,752
  • Feb 15, 2021 4:12am Feb 15, 2021 4:12am
Not yet, I rebuilt the model based on higher timeframes,
if it breaks, then I will close it.
  • #1,753
  • Feb 15, 2021 4:24am Feb 15, 2021 4:24am
Quoting Seysin32
Not yet, I rebuilt the model based on higher timeframes, if it breaks, then I will close it.
As you might see on other thread, I expect 1,2149. Then we might see a reverse, I think.
Your plan is good, Sei.
  • #1,754
  • Feb 15, 2021 7:03am Feb 15, 2021 7:03am
Quoting Seysin32
EUR/USD simple scalp: {image}
Hey Seysin,

Looks like the trigger candle (one with the circle on top) closes it is already at TP1. When that happens do you usually expect it to get to another level? How do you manage your position in this instance?
  • #1,755
  • Feb 15, 2021 7:55am Feb 15, 2021 7:55am
Quoting JiveTrader
{quote} Hey Seysin, Looks like the trigger candle (one with the circle on top) closes it is already at TP1. When that happens do you usually expect it to get to another level? How do you manage your position in this instance?
Hello!
Yes, as I wrote earlier, on m1 we get broader targets TP3, TP4, etc.
I put SL behind the trigger-line on which the candlestick appeared, or behind the local Hi/Lo if it is not far away.
As you can see, the next deal went against me. And I went out with a loss in two parts. I assumed the possibility of such a scenario,
since m15 gave the opposite signal, but I was based on larger timeframes, it was not good for scalping. From m1 no need to go further than m30-m15.
In any case, we continue.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.JPG Size: 100 KB
  • #1,756
  • Feb 25, 2021 10:07am Feb 25, 2021 10:07am
A simple scalp right now, very accurate:
Attached Image (click to enlarge)
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  • #1,757
  • Feb 25, 2021 11:32am Feb 25, 2021 11:32am
and one more:
Attached Image (click to enlarge)
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  • #1,758
  • Feb 26, 2021 2:43am Feb 26, 2021 2:43am
retrospect:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15_26.02.21.JPG Size: 377 KB
  • #1,759
  • Feb 26, 2021 4:34am Feb 26, 2021 4:34am
simple scalp:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m1_26.02.21.JPG Size: 267 KB
  • #1,760
  • Feb 26, 2021 7:19am Feb 26, 2021 7:19am
Quoting Seysin32
simple scalp: {image}

The worst template I have ever seen...
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