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The Fibonacci channel projections (FCP)

  • #1,801
  • May 19, 2021 6:11pm May 19, 2021 6:11pm
Quoting Seysin32
EUR/USD another m1 simple scalp: {image} in total +18p.
Also, 3 waves for 1 wave, which can be seen at the 5 minute level, have been achieved.
It may be different from the FX terminology used in Japan.
If so, I'm sorry.
  • #1,802
  • May 19, 2021 11:04pm May 19, 2021 11:04pm
Quoting Takahiro.S
{quote} Also, 3 waves for 1 wave, which can be seen at the 5 minute level, have been achieved. It may be different from the FX terminology used in Japan. If so, I'm sorry.
Occurrence of 1.
2. FCP to know the return position
Trade a price equal to the wave generated in 3.1

If it doesn't work
Mistake in trend direction
I can't understand 1.

Seysin32,
This is my level of understanding now.

Thank you, everyone.
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  • #1,803
  • May 19, 2021 11:48pm May 19, 2021 11:48pm
Quoting Takahiro.S
{quote} Occurrence of 1. 2. FCP to know the return position Trade a price equal to the wave generated in 3.1 If it doesn't work Mistake in trend direction I can't understand 1. Seysin32, This is my level of understanding now. Thank you, everyone. {image}
1. impulse wave breaking structure.
2. place FCP on corrective wave.

this is the main thing i look for.
for me, as long as it works 66% of the time, i am happy with it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,804
  • May 20, 2021 3:42am May 20, 2021 3:42am
Quoting Inthebox
{quote} 1. impulse wave breaking structure. 2. place FCP on corrective wave. this is the main thing i look for. for me, as long as it works 66% of the time, i am happy with it. {image}

Thank you, Inthebox. I am aware of the need for training to look for this. I study every day.
  • #1,805
  • May 20, 2021 4:01am May 20, 2021 4:01am
Quoting Takahiro.S
{quote} Occurrence of 1. 2. FCP to know the return position Trade a price equal to the wave generated in 3.1 If it doesn't work Mistake in trend direction I can't understand 1. Seysin32, This is my level of understanding now. Thank you, everyone. {image}
Don't complicate.
The simpler - the better, and your head is calm.
  • #1,806
  • May 20, 2021 4:07am May 20, 2021 4:07am
Quoting Inthebox
{quote} 1. impulse wave breaking structure. 2. place FCP on corrective wave.
gold words.
  • #1,807
  • May 20, 2021 7:04pm May 20, 2021 7:04pm
Quoting Seysin32
{quote} Don't complicate. The simpler - the better, and your head is calm.
Simple is the best.
I want to be that way too.
Thank you.
  • #1,808
  • May 28, 2021 5:45am May 28, 2021 5:45am
What you did is similar to the Sperandeo method. maybe it is. but mostly it gives successful results.http://www.chrisperruna.com/wp-conte..._clhb_wkly.png
Attached Image
  • #1,809
  • May 29, 2021 5:58am May 29, 2021 5:58am
Quoting tmfx
What you did is similar to the Sperandeo method. maybe it is. but mostly it gives successful results.{image} {image}
As I understand it, the Seysin32 method gives us a previous entry to the Sperandeo method, since according to the graph that it showed we would have to wait for the break of point 3. With FCP we would already be entering the beginning of point 1 or 2.

It may be a good option for the FCP entry continuation. But come on, it's no longer about FCP.
  • #1,810
  • May 29, 2021 6:03am May 29, 2021 6:03am
Hello everybody.
I have read the entire thread and I can only thank Seysin32 for sharing the system and knowledge, as well as in teh box for its multiple examples and application of price action with FCP, which makes the system become our favor with the added value.
I will try to implement what I have learned, and I will ask any doubts that arise, hoping that they still come to the forum on occasions.
Thanks
  • #1,811
  • May 31, 2021 5:26pm May 31, 2021 5:26pm
Quoting gerval
{quote} As I understand it, the Seysin32 method gives us a previous entry to the Sperandeo method, since according to the graph that it showed we would have to wait for the break of point 3. With FCP we would already be entering the beginning of point 1 or 2. It may be a good option for the FCP entry continuation. But come on, it's no longer about FCP.

It's important to understand the logic. If you understand the logic, you can interpret it from your point of view. Maybe what looks 9 to you may look like 6 to me. So understand the logic of the system you will learn.
  • #1,812
  • May 31, 2021 9:31pm May 31, 2021 9:31pm
Hello.
Since then, I have practiced a lot.
I feel that FCP is even more wonderful than before.
Thanks to Seishin32 and everyone.
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  • #1,813
  • Jun 1, 2021 4:06am Jun 1, 2021 4:06am
After trying to understand all the points in the system, last night I saw a chart where I could open positions.
Resistance in D1, downward trend in H1 and I opened in m5, with bearish divergence and respecting the price levels of the channel and fibo.
Any advice or retification is appreciated.

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  • #1,814
  • Jun 2, 2021 12:16pm Jun 2, 2021 12:16pm
now is not a good time to trade.
just to see how it develop.
usdjpy htf uptrend, so looking to buy.
before price crossing the trend line, there was a hidden divergence.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,815
  • Jun 2, 2021 11:33pm Jun 2, 2021 11:33pm
let's be honest.
to those who is new to this method would have tried but failed many times, then gave up.
can you tell me why line 2 works better than line 1?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,816
  • Jun 3, 2021 12:32am Jun 3, 2021 12:32am
yesterday whole day was up until new york session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,817
  • Jun 3, 2021 4:28am Jun 3, 2021 4:28am
watching
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,818
  • Jun 3, 2021 9:56am Jun 3, 2021 9:56am
news turned things to upside.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,819
  • Jun 3, 2021 5:38pm Jun 3, 2021 5:38pm
Quoting Inthebox
let's be honest. to those who is new to this method would have tried but failed many times, then gave up. can you tell me why line 2 works better than line 1? {image}
Viewing only that graph in m15 ...
Less vertical angle of LT, width of the channel more proportionate to the bearish movement, engulfing candle close to round price, there are no touches to the LT between point 1 and 2.
It will be interesting to know your opinion, as this is repeated many times before making a price turn.
  • #1,820
  • Jun 3, 2021 5:51pm Jun 3, 2021 5:51pm
I see that I entered when breaking LT, but the price did not enter LT2, since when breaking it continues to fall without showing upward force or retracement to 100.0.

Wouldn't it have been better to wait and move the LT to the next min / max that occurred, expecting some rollback to the entry points?
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