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The Fibonacci channel projections (FCP)

  • #1,781
  • May 17, 2021 7:24pm May 17, 2021 7:24pm
The image is here.
I want to think twice.
Thank you.
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  • #1,782
  • May 17, 2021 9:50pm May 17, 2021 9:50pm
Quoting Takahiro.S
The image is here. I want to think twice. Thank you. {image}
this is just my style.
observe point 2. it is important as price both break below, telling possibility of going down.
you can find out more, google "break of structure".
point 3 has a lower high in one, and the other a false break up.
to increase the probability of successful trade, it is best that there is a strong resistance and/or round number above.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,783
  • May 17, 2021 10:51pm May 17, 2021 10:51pm
Quoting Inthebox
{quote} this is just my style. observe point 2. it is important as price both break below, telling possibility of going down. you can find out more, google "break of structure". point 3 has a lower high in one, and the other a false break up. to increase the probability of successful trade, it is best that there is a strong resistance and/or round number above.
Thanks to Inthebox.
I learn "break of structure".
Thank you for your important tips.
  • #1,784
  • May 18, 2021 12:02am May 18, 2021 12:02am
apply FCP in lower time frame.
wait patiently for fcp break and above bos. maybe london session.
at your own risk of course or demo.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,785
  • May 18, 2021 2:51am May 18, 2021 2:51am
I set it in one minute
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  • #1,786
  • May 18, 2021 3:17am May 18, 2021 3:17am
I was able to calm down.Thank you.I will study harder.I was able to calm down. Thank you. I will study harder.
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  • #1,787
  • May 18, 2021 4:51am May 18, 2021 4:51am
With scalping, the spread feels very wide. But the trade was good. Thank you very much.
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  • #1,788
  • May 18, 2021 5:05am May 18, 2021 5:05am
Quoting Takahiro.S
With scalping, the spread feels very wide. But the trade was good. Thank you very much. {image}
be careful if you keep on shorting.
look at the size of green candles compared to the red.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,789
  • May 18, 2021 6:27am May 18, 2021 6:27am
Thank you, Inthebox.
I will devote the rest of my time to studying today.
I pay attention to the big timeline and try to draw a scenario.
Thank you very much.
  • #1,790
  • May 19, 2021 1:01am May 19, 2021 1:01am
Quoting Inthebox
apply FCP in lower time frame. wait patiently for fcp break and above bos. maybe london session. at your own risk of course or demo. {image}
yesterday was one of those days that ranges for audusd.
the range from london to new york sessions till now was only 35 pips.
however price has not convincingly stay below the break of structure,
so i still favour to the upside.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,791
  • May 19, 2021 3:49am May 19, 2021 3:49am
EUR/USD
m1 simple scalp rigt now:
Attached Image (click to enlarge)
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in total +20p.
  • #1,792
  • May 19, 2021 4:10am May 19, 2021 4:10am
My trade today won, but it's not good.
I couldn't make the currency I was aiming for, so I ended up with a pair with a thin analysis.
The trade is over today.
I feel a little tired.
The rest of the time will be learned from Mr. Seysin32 and everyone's trade records.
  • #1,793
  • May 19, 2021 4:18am May 19, 2021 4:18am
Quoting Seysin32
EUR/USD m1 simple scalp rigt now: {image} in total +20p.
The explanation for my closing, I hope you will understand:
Attached Image (click to enlarge)
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  • #1,794
  • May 19, 2021 5:56am May 19, 2021 5:56am
Quoting Seysin32
EUR/USD m1 simple scalp rigt now: {image} in total +20p.
Not sure how I feel about you switching your background color!

Nice entries.
  • #1,795
  • May 19, 2021 6:18am May 19, 2021 6:18am
Quoting Anotan
{quote} Not sure how I feel about you switching your background color!
I began to spend less time in front of the monitor.
So the light background doesn't bore me.
  • #1,796
  • May 19, 2021 7:19am May 19, 2021 7:19am
EUR/USD
another m1 simple scalp:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M1.png Size: 85 KB

in total +18p.
  • #1,797
  • May 19, 2021 7:50am May 19, 2021 7:50am
Hi I’ve started to follow this method and trying to trade accordingly but I have few questions

what moving average are you using on H1? I can’t find the post anymore (only the one in first post but referring to m1-5)

At which point you open trade? When it cross live? Or if candle close under (upper) the TL? Or at the retrace to the price exited the channel?

thank you very much
  • #1,798
  • May 19, 2021 8:48am May 19, 2021 8:48am
bought audusd at 0.77523
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,799
  • May 19, 2021 9:33am May 19, 2021 9:33am
Quoting di3seL
Hi I’ve started to follow this method and trying to trade accordingly but I have few questions what moving average are you using on H1? I can’t find the post anymore (only the one in first post but referring to m1-5) At which point you open trade? When it cross live? Or if candle close under (upper) the TL? Or at the retrace to the price exited the channel? thank you very much
Hello.
The moving average is just an addition to the general FCP pattern.
I believe that they cannot be the basis for making decisions (although many use them that way).
On higher charts, MAs show me the general direction, on lower timeframes - the current situation.
Now, I use 48 LWMA for H1. Look for signal candles at trigger levels, but before that, you should
already imagine the general situation with the pair you are trading.
Answers to 99% of the questions are in the thread.
Just take your time to learn everything, step by step.
Even if I didn't know how to read, I would be able to
understand everything by looking at examples of charts and deals.
  • #1,800
  • May 19, 2021 5:55pm May 19, 2021 5:55pm
Quoting Seysin32
{quote} The explanation for my closing, I hope you will understand: {image}
Hello.
Seysin32, I think:
It's an important idea for me, is that okay?
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