Disliked{quote}...Be careful! Fibo zones expand if price extremes are updated. The reversal orders will be premature and EA will average them. The same disease as Quantum....
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Disliked{quote}...Be careful! Fibo zones expand if price extremes are updated. The reversal orders will be premature and EA will average them. The same disease as Quantum....
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DislikedHi All! Statistics as a rationale for session trading. Average volatility of trading sessions by hours on a weekly interval (weekly average - red line). Pound {image} Gold {image}And where are the best chances for success?Ignored
Disliked{quote} hey Genry! Its that kind of a indi? If so, what is it called? nice observation btw :-)Ignored
Disliked{quote} Hello Genry Happy new year. Nice of you to share the indicators. Why did you suggest using envelopes and not TMA or keltner bands? cheersIgnored
Disliked{quote} HI Bill! Have a Happy Year! I wanted to repeat the TMA channel, but without redrawing. The envelopes fit well on this EMA. See how well the channel keeps the price ... and without redrawing like TMAIgnored
Disliked{quote} Hi Genry So if I understand you correctly, you are using this technique to find entry points for additional trades? And if you place 3 or 4 additional trades , how do you manage the risk of price moving against all of your positions? Thank youIgnored
Disliked{quote} Bill, the trader must himself understand and predict the price movement.Ignored
Disliked{quote} Hi Genry Thank you for your very detailed reply. So you are certain that price will eventually turn in your direction and you don't you a stop loss? It is possible that you've never had the experience of price keep going up and up away from your sell trades but what if it happens? Do you have a plan for that situation? For example, when I was trading 1H and 4H fibs I would wait for price to get to another 4H fib level before I added more trades. I'm just curious as to how you get out of losing trades. (If you have any losing trades...
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Disliked{quote} HI Bill! What is the advantage of a fibo grid? She's taking a big step. If you open orders 162% 262% 362%, etc.. and rebound from the channel boundary, you can calculate a relatively safe MM to enter the market. And trend corrections will allow you to add more orders. On the M1 screen, you can see that my first order was a pullback from the MA line, but the price broke through the MA and went lower. The second order corrected the situation.Ignored