Channels - Trendlines - Fiboancci - All Time Frames

Have to say I did not see this one. However the downward AP is a valid one too.
Now applying Nage´s AP you can see an interesting thing price is trapped between the green and blue lines. My downward AP is now magenta.

Too many lines I hope chart will be clear enough

http://img521.imageshack.us/img521/8...7052949ba6.png

I believe the february channel is the blue one (after the last downswing of janaury). May be the weekly move will be inside the red fork). A special care to the big pivot (red line @ 1.9818-1.9820).
Let's wait for Mister Nage.

Closer.

The H4 closed above the green fork, following the red one inside the big blue. Is this a 1% risk trade ?
Ps: macd is here for making the chart nicer.

flytox, as I understand it (still waiting for Nage's confirmation though - same
as ebooks and indicator), you must find your long, medium and short term trends.
If you start mixing too many things you'll end mixed up too.

By that I mean, Nage has already stated that, although he recommends to stay 1
hour and above, this stuff works in all TFs, thus you have to decide what's your
appropriate horizon or you may end up with channels and pforks all over.

Flytox

I like your channel and as you say let´s see what Nage can tell about it

Tragapips, Flytox, what are we looking for: TLBs or price travellig inside channels?

Risky buisness, i tookk the path (on paper) before being in the blue fork, ahead for the bull trap (a former one i hope).
Mister Nage where a you ??

Hensh:
I think it's for finding TLB's and the action inside.

Risky buisness continued...
if enlarge we can see the "fractal" high high scale pivot at 120.24 , just below the monthly structure. That's why i took the trade before being in the blue fork. + the H4 hammer (you can see the same on the left side).

Wow- pre-NFP price is scrunched in there tight! It will have to go up or down for sure!
Would someone be so kind as to explain how to calculate bull/bear traps using your criteria? One of my biggest weaknesses as a trader is getting caught in those. I'm a major sucka for a false breakout and would love to have more tools at my disposal than blaming market makers!
Also, as much as I hate to ask people for their indicators that Fib Pitchfork is the bomb! Email below, VERY much would appreciate.Ensign Windows has a wonderful pitchfork with 5 tines ( the median and outer fork has a median, also a Schiff variation...) but their forex feed blows. ( although they just got an FXCM feed- a story for another time,,,)
Absolutely my favorite thread here by far. Thank you NAGE and all contributors!
<justin.templar AT gmail.com>
Cheers all
-Taters

Hey where´s Nage??

OK here's some give-back to hopefully keep this thread rolling.

Unfortunately NAGE's beautiful indicators are copyrighted so here is a Multiple Time Frame Fractal MT4 indicator for the rest of us. I don't know who authored it but I'm sure it's from forex-tsd.com.

//---- input parameters
/*************************************************************************
For current timeframe set to zero.Otherwise set the "Timeframe" value to the number of minutes contained in the TF you wish to see.

PERIOD_M1 1
PERIOD_M5 5
PERIOD_M15 15
PERIOD_M30 30
PERIOD_H1 60
PERIOD_H4 240
PERIOD_D1 1440
PERIOD_W1 10080
PERIOD_MN1 43200

/*************************************************************************

Hopefully this will be helpful as we learn the Way of NAGE.

Cheers,
-Taters

Taters

Thanks you for indicator. I have Alan andrew ´s book. Anyone can PM me.

looking for a online FTP site to upload all these ebooks, I received over 50pms!!! It will be done before this week is over like I said...

OK, sorry I have been AFK, but some maintenance needs to be done to this forum, so I can continue to help everyone, I will post charts in respond to all your questions, later this evening. In regards to fractals we will go deeper in this discussion and how the whole fractal.mq4 indicator is not my point at all, I am more talking about the symmetry of moves in all time frames. How the forks / fibo channels, simple trend line breaks / bounces, are a beautiful way to display symmetry. Again bare with me people. Everything should be back to normal by this weekend.

A lot of your problems with the forks/ channel;s/ are you guys are zoomed out to much, have that chart on that time frame for one fork, then zoom the heck in on the same time frame new chart, nice clean blank chart, throw on the period separators, and the magic begins once you start drawing around time, more on this this weekend.
http://img59.imageshack.us/my.php?image=euweeklytu3.gif

Ok, now since we are multi-timeframe traders, we get down and dirty for this week, once we know the direction from that h4 chart.
We chart a h1, 4x smaller then are planning chart...

http://img242.imageshack.us/my.php?i...weekly2zf6.gif

http://img258.imageshack.us/my.php?i...weekly3so8.gif

EVERY VECTOR (LINE) you see is draw of off the same 3 points, symmetry my friends... = fractal

wow is it raining in your graph

Nage, please, correct me if I'm wrong, but as I understand it, the idea here is
to find the most recent pitchfork, fib channels confluence/symmetry?

I get to this conclusion by watching your latest charts, the forks / fibo
channels are taken from the previous 2 weeks.

Let me know if I'm pointing on the right direction.

Henry

I still don't quite see it Nage.

The pivot/fractals on the 1h chart with the fib channel are 26th Jan low - 31st
Jan low - 31st Jan high.

The pivot/fractals on the 1h chart with the pitchfork are 26th Jan low - 29th
Jan high - 31st Jan low.

Thus, we have a different angle for each tool. I hope you can clarify how to use
that information.

Something else, I see that you go moving the fib channels/pfork as new fractals
are being formed. Is that correct?

I'm asking this because that's the same issue I have with drawing channels, they are
clear in hindsight or when the market is really trending, otherwise you have to
be constantly redrawing them.

Hope you can help on this area too.

Nage

Tell me please if I catched the concept

Weekly

http://img185.imageshack.us/img185/5...7124316fh9.png

Daily

http://img105.imageshack.us/img105/4...7124649zz5.png

Short term outlook

The price is located in the inferior side of the channel, after the last break of the median line support, on last Tuesday. So as long as price continue to stay under the median line of the channel there will be some powerful bearish implications. Any break of it will trigger sideways trading or broader correction towards the Fibonacci level of the down movement 1.29035-1.23356, 38.2 (1.25525) and 50.0 (1.26195).



Enjoy!