...this sort of targeting never ceases to amaze me. Yesterday's T1 now hit and also came within 1 pip of Monday's T1...now need to get a few more robust entry, initial stoploss and money management rules in place.
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Disliked...pulling the fib for today down now to measure strength of the pullback and to protect the shorts. A close above 75 and it's likely all over for 'em.Ignored
DislikedWe'll see how it goes. It will depend on if people participate. If they do, it will be worth it. If not, this thread will probably die out. I think the best way to learn is live trading, so why not discuss live trades?Ignored
DislikedWell Thanks Jared for starting this thread.I have a question for chow clown although I may be stupid in asking it what made you to pull a fibo from days high 1.9501 to 1.9434 as the candle was still progressing.Can't we pull the fib across the first swing of the day i.e high of 1.9501 to 1.9460 to check the possibility of reversal and validity of intra day fibs.Ignored
DislikedThis was the chart that I had earlier - a Sell at the 50% level - also the M2 level - the blue line at 9465.
Since it hit my T1 its been in a norrow range waiting for the US dataIgnored
DislikedWhich other pairs do you keep an eye on, BO? I seem to remember you don't use the same approach on GBP/JPY?Ignored
DislikedThats what I'm talking about, beautiful setup! To bad I didn't see it earlier. I was too focused on seeing if is was a true breakout from the range or not.Ignored
DislikedHi, everyone! Reading thru, just a reminder, don't forget to subtract the spread and a few pips for variance on your Targets.Ignored
Disliked...so cable has retraced from today's lows and has tested the current intraday short fib...i'll be on the sidelines now until the FOMC dust settles, maybe there will be an opportunity to get back in the flow afterwards or Frankfurt/London open tomorrow.
Bo, with the other pairs you chart, have you found any notable differences when walking the intraday fib? Looking at EUR/USD for instance, i get the impression an interday fib (over 2 days) would be better because swings are more drawn out than say GBP/USD for example, where intraday swings are more distinct?....or do you use the same rationale across pairs and tend to just use the previous day's range?Ignored