Active Day Trader | Nasdaq & Gold Spot CFDs

Quoting driven18

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Congrats on your thread..what is the significance of a need to precisely have 10 candles to draw yellow line? Why not 9, 11 or 20? Here you entered long trade prior to "10 Candles' {image}

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Quoting YanickFXZoNE

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{quote} This strategy is a variation of the one shared by James Agnew on this forum, which uses the 10-candle projection. I found that it filters out a lot of false breakouts and helps me identify the right turning point before the break The entry is at the break of the trend line. Nothing to do with projection. The projection is use to draw the line. Think about that, it is impossible to enter after the 10 candles projection, it's the end of the trend line

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Quoting driven18

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{quote} Got You, you may want to add the word projected yellow line in the item 3 on your first chart. I do not want to think about it, it is Friday and my trading is almost done

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Quoting YanickFXZoNE

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{image} {image}

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Quoting Cologne

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Nice nice. Can you share the fib settings for our convenience? Also, the original system used 100 pip as minimum movement. Would that be 1000 points for gold and 10.000 for Nasdaq?

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Quoting YanickFXZoNE

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{quote} See sceenshot for fibs settings ***I only use the fib for a visual of my R:R. Not for technical fibs levels. Conerning pips minimum pip movement I personally use 75 points for Gold, 50 points for NAS100 and 25 pips for GBPJPY. I dont trade any other instruments. {image}

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Quoting YanickFXZoNE

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June 4 TRADE #1 XAUUSD short {image} {image}

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