Thank you galaxymom
HH
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DislikedWith regards to your v hands past #1907 pdf
Did you trade each trade manually or was it an ea setup to trade fibs....sorry i dont understand how to use vhands manually....if this is possible where would i learn how to do this, i would like to do some testing..
This is a great thread Kudos to Skunny.
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Disliked..................Pay attention to his charts too, especially one around page 8-16 somewhere. Its the one where he asks if anyone in the world would pull a fib there. It is very interesting to work out! I hope this helps someone like it did me. It didn't make any sense to me when I first saw it, but after working out fibs for days the penny dropped after studying that chart...................Ignored
DislikedSaturday and the tradestation
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as always if Skunny can comment that is the whip
Sizz.Ignored
DislikedHere would be my initial chart set up. I would not use the low you've chosen as it was a failed daily extension completion. The completion happened on the low I have drawn. Although yours could work, it wouldn't be where I would start at this point.Ignored
DislikedMany thanks to everyone who post here and to Skunny for starting this thread!!!!
Has anyone else noticed when you fib a doji candle it always hits its 138 target?
I have been backtesting on vhands and so far its always hit. Please post if someone sees anything different.Ignored
DislikedVery interesting............I believe PiprPro had briefly mentioned something about this on one his charts but never came back to discuss further.....
http://www.forexfactory.com/showpost...postcount=2293
Quote: "I know some guys that only fib daily and hourly candles, here is the perfect example from the last 24 hours, and I will discuss further the ellipse later. Note the open and closing value on the Doji. Doji's are a AHA moment."
Skunny......PiprPro......are you guys holding out on us?? sometimes I feel like Chester Copperpot looking for One Eyed Willy?Ignored
DislikedMany thanks to everyone who post here and to Skunny for starting this thread!!!!
Has anyone else noticed when you fib a doji candle it always hits its 138 target?
I have been backtesting on vhands and so far its always hit. Please post if someone sees anything different.Ignored
DislikedIn this matter of a VALID FIB, if the last fib completed while moving up, does the retrace need to be to the 61 or to the 38 level?
Thank you?Ignored
Disliked......................But to answer your question YES retracement is always to the at least 38 or 61 level from a fib drawn in the correct place as a retracement type fib.... at least my research suggests this is true... my research also suggests that a break of 0 or 100 of these "retracement" fibs ALWAYS 100% of the time reach 138(-138) ext at least and furthermore...if they pierce the 138 they go on to at least the 161..........................Ignored
DislikedDOJI - yes - mentioned here http://www.forexfactory.com/showpost...postcount=2293
I wrote an indicator that places the name Doji on the chart where each one meets certain criteria. The indicator allows me to adjust the pip height (example - those greater than 30 pips) and open/close distance (example - less than 3 pips). During consolidation periods you must be careful or too many losses in a row. I can place some simple guidelines here if there is interest or ?Ignored
Dislikeddagoods - would you care to expand on this please? I have seen many times the 138.2 is pierced and yet PA fails and doesn't reach the 161.8 before retracing.Ignored