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Dislikedhope this make sense
LOW - 0% 1.9338
HIGH - 100% 1.9958
200EMA - 1.9959
enter a few pips after the break of the 200?
my fib's are not set like yours but i know where the 1st and 2nd targets are, it's more about have i seen a potential entry the correct way
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Dislikedit's the same i thought, only in this setup the 2 (100%) is bang online with the 200ema(think blue line) daily price below 200, weekly and monthly above 200.
price going to try to break over the 100%/200ma, i know the TF are a little higher then usual, but the setup looks spot on for the 1,2,3 - 4 with a much higher target due to the higher TF, thus we can enter and let it run.
not traded this before and so far price has not broken the 100%, may be waiting for the UK rate statement.
hope this makes sense,
edit: it's a bit like having the chance to play both system at the same time.Ignored
Dislikedhope this make sense
LOW - 0% 1.9338
HIGH - 100% 1.9958
200EMA - 1.9959
enter a few pips after the break of the 200?
my fib's are not set like yours but i know where the 1st and 2nd targets are, it's more about have i seen a potential entry the correct way
AttachmentIgnored
DislikedOk I think I see what you are doing...
I am a little slow on the up take here...
anyways ... I don't see a 1.2.3 system
to manny swings in the middle...
that is just me ... I like to see it cleaner
so I know it really is a 1.2.3. system
TEBIgnored
DislikedOK i see, still trying to fully understand it, price broke my 100% but didn't close, so no entry.
i know this system is probably better used at lower TF, but this seemed to be spot on, there was a much better setup on the 1h with clearer swings, but i was watching the daily.
thanks for you help and understanding,
regards
MPPIgnored
DislikedI use Metatrader 4 for my trading.It only has the Fib retracement tool .Can I get a Fib tool that has both retracement and projection and put it in the Metatrader?Ignored
DislikedAttachment
pivot 102.80 is my 50% (3) fib point, looking for a break of the low, just not sure if there is to much clutter around the 50% (3) area.
high and low are my 0% and 100%, i haven't changed over to the 200% fib's yet, still like my targets, but things change - don't they
regards
MPPIgnored
DislikedHi all,
Anyone can teach me how to setup this strategic?
Bcos i really not so understand even i read all the thread. Any one can simple explain how this strategic work? Please advice. Thanks.Ignored