DislikedAnd here is the EU which has a TD Seq 13 in place but appears that it will recycle. Note how nice bottom was formed on 89 XMA, the one and only MA I use:Ignored
do u use 89 xma on all currecy pairs or just eu? just curious because i know many great traders that use 5 sma and 50 100 200 400 ema for gj but i've never heard of 89xma for that pair?... 62 magnet is another on gu i've heard of ...but 89 xma (i presume is same as ema?)is a new one to me.... for picking bottoms and tops i presume from your chart??? the gann hi lo auslanco indicator i believe is similar to this 89 xma as well.... ... i dont like all those lines on my chart personally but am interested to learn from you since you obviously know your stuff and if it helps you i figure maybe it can help me as well.... thanks for your help
Also, i have re-read demarks chapters on fibonacci and I am lost on one very important point....I do not understand how the magnet price is determined? Do u get it? he doenst explain it well at all...and i think it may be a crucial thing to understand in using fibs.... ???? again thanks for helping...
regards
d