{quote} the question now is where is/was the stoploss (SL)? because for sure we have a negative drawdown after hitting buy limit and triggered an entry for buy, where DD as shown in image. {image} {image}
where DD as shown in image
{quote} Yes. this is the most challenging part. It depends on how we "MANAGE THE DRAWDOWN" not to "GIVE UP THE DRAW DOWN". because any INVESTMENT must have RETURN ON INVESTMENT[ROI] but not LOSS ON INVESTMENT[LOI].
{quote} yes, i agree. all we wanted is to win and get our ROI. just an advice, the way you handle or manage your drawdown is very very risky my brother. frankly, you already have the concepts of constructing the swing high and low. with this concept of yours is a big help for me, and i deeply thank you for sharing that as an eye opener and a mind blowing concepts, when i applied it to my swing trading. just wanna share this coz i have proven it to multiple pairs where i have 2 losses (reason for these losses are not in the swing concept) with a...
{quote} can i have mql5 file please to check the construction of swing low & Swing high indicator only.
{quote} can i have mql5 file please to check the construction of swing low & Swing high indicator only.
{quote} is FE the 150% expansion? as per point (v) of Sell Setup: "we measure the expansion of AB from C" =D That means we are just measuring the AB vertical Price distance from C. so the Fibo Extension is 100% of AB only from C not 150%. In the chart you mentioned "if price breaks through (cross under low of B)T is confirmed". Actually C is confirmed. T can be on or after the price cross low of B but more importantly T is confirmed only any where before D as per point (vi) of Sell Setup : "we measure the AC time count C"=T, and T must be confirmed...
{quote} so, you mean if we measure AB that is 100% fibo, we take this AB measurement and drop to C point (start of fibo) and the expansion is like the image below. is this correct? further note: also that we only confirm C if price break below B {image}
{quote} 4614072 {file} {image}
{quote} thank you @kourosh1347 therefore, the FE also as D of my plotted chart is correct. --> click here but @kourosh1347, brother, the last peak of swing low is to be corrected, hence, that is not the valid swing low as defined by brother naick. in my chart now this is the valid swing low marked as B. pls see image below. thank you. {image}
{quote} thank you @kourosh1347 therefore, the FE also as D of my plotted chart is correct. --> click here but @kourosh1347, brother, the last peak of swing low is to be corrected, hence, that is not the valid swing low as defined by brother naick. in my chart now this is the valid swing low marked as B. pls see image below. thank you. {image}
{quote} and from the moment price action takes the low of B, thats the confirmation of C, then that is the time 'T' also will appear in vertical line on chart.
{quote} Hi please consider the swing low or swing high definition as stated below(In post 132 which is marked by Kourosh1347 is also a valid swing low bar B as per new definition stated in real chart and same explained in text below. But this is not confirmed as B because price retraced less than 50% and takeout that low and formed a new Swing Low and from that new swing low price retraced >50% and less 100% but not yet confirmed price breakout low of B to confirm C. for the time being consider below said definition is valid for Swing Low bar as...
