The Fibonacci channel projections (FCP)

I learned about it for the first time today.
I won three in a row. GOLD M5
Great method, thank you.
Are the brothers continuing?

Question.
TP1.2.3.4.5 What are the numbers?
The numbers in the image are as follows
Can this be used up to M15?　H1.H4 ok？？

TP1 38.2
TP2 100
TP3 -38.2
TP4 -100
TP5 -161.8

Is this one wrong?
TP1 38.２
TP2 100
TP3 127.2
TP4 161.8
TP5 200

I'm reading and learning from all the posts.
My native language is not English.
I sometimes don't know how to interpret
I use Google Translate.

Which of the two images do you think is more suitable?
April 26, GOLD M5

The range of Fibo 100-0 is
the same width as the width of the channel.
Am I correct?

If you do not go to the TL,
How do you make the decision to quit?

please treat me well　　Thank you.

it was a long time ago.
my memory may not be accurate.

normally it is just a trend line break method.
the fib channel is added so that there is some kind of measurement using fibonacci to gauge how far price can travel.
be it fib 0, 150, 200 ........
the larger the fib the more difficult to TP.

when drawing the fib channel, see that no price should be touching or below the trend line between the 2 points.
when price closed below the trend line, note the last fractal high before the drop.
this is circled in red.
you can then place place the fib channel mid point line A at the fractal.
if the distance from the fib mid line to the trend line is too wide, you can use the top fib channel line B to place on the fractal.
this will make the fibonacci extension smaller.
so you have a choice of putting the fib mid line or the outer line on fractal high.
you have to make your own decision to see whether the fib extension 0 or 150 etc is reachable or not.
range of fib 100-0 is the same as fib channel.

i would advise that when price break the trend line, make sure there is also a break of fractal structure.
you then can take entry around fib 100 or 79 on retracement.
after price got to fib 50, you may want to protect the trade to BE.

following daily up trend.
gold broke up trend line and retraced to trend line with support.
candle wicks bounced with higher lows.
tp around fib 50 and resistance.

Thanks for the reply with pictures.
I will refer to it and practice.

Hello sir, I would like to ask, are you still using this strategy until now? and does this strategy still work and give good profit? I really hope you can respond to me, thank you.

It reminds me of a fractal strategy. Exiting the channel (or breaking the trend line). Fractal 123 is higher than the significant fractal in the channel. We are building Fibo. The first target is 76.4, the second after breaking 100 is 176.4