Harmonics and Pitchfork using korHarmonics from TradingArsenal
- #4,164
- Edited 11:29am Jun 29, 2008 11:11am | Edited 11:29am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
fibonacci trading log 2 replies
Need help Bobokus Fibo template 1 reply
Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
DislikedYou want to trade with the fib levels in the same manner, the price channel just gives you a visual aid in the pairs direction and confirms your trades when you see the channel broken from as well, since it will indicate a directional change or break from the current trending patterns. A break of the channel is the same as with a fib level...a candle opening outside of it.Ignored
DislikedSo i think Bo want to point out that price have broke the channel, so a new trend might have show up, it might be a major trend continuity without to many correction. But let`s bet we might retest some lower level befor it`s shoot up! Dont forget Goodthings stats!
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DislikedI have a question on the linnear regression....Is this right its very similar to fibbs...You can place a linnear regression channel from a high and a low like we place our intraday fibb. Or place it from the bigger high and low just like we place are longer term fibbs.
And what i have to do is place the bigger one with the linnear regression channel since the real purpose is to see when the most recent trend is and when it reverses, also if a bigger one reverses it can be prof that price is respoding to a larger timeframe fibb, so in reality what I am measuring with the linnear regression channel Is from A to B or B to C looking at it from a larger time frame since our trend in the 1 hour chart is based on the larger movements. I know it would not be good to place it from the the low and the high of the previous day since it would be to vertical and wont be as powerful and i could get cought in fake reversal.In my picture below are examples of linnear regression channels from a low to a high and this are also spots that i would consider placing my swing fibb if I was in a trade. The last one is the one that i believe is right and thats the one that shows me the current trend and i would keep on pulling to the highest and that would show me the trend is still strong in that direction though is my last regression channel if it brakes to the bearish side it would be a good probability of a reversal because of the angle it has since its powerful.You can also measure the movements down but they are to vertical and had no continuation to is since price reacted the bigger fibb swings. So what i really believe is I have to measure with the linnear regression channel is the last leg in price. Let me know if this is right or I am thinking to much and I am wrong.
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DislikedI have a question on the linnear regression....Is this right its very similar to fibbs...You can place a linnear regression channel from a high and a low like we place our intraday fibb. Or place it from the bigger high and low just like we place are longer term fibbs.
And what i have to do is place the bigger one with the linnear regression channel since the real purpose is to see when the most recent trend is and when it reverses, also if a bigger one reverses it can be prof that price is respoding to a larger timeframe fibb, so in reality what I am measuring with the linnear regression channel Is from A to B or B to C looking at it from a larger time frame since our trend in the 1 hour chart is based on the larger movements. I know it would not be good to place it from the the low and the high of the previous day since it would be to vertical and wont be as powerful and i could get cought in fake reversal.In my picture below are examples of linnear regression channels from a low to a high and this are also spots that i would consider placing my swing fibb if I was in a trade. The last one is the one that i believe is right and thats the one that shows me the current trend and i would keep on pulling to the highest and that would show me the trend is still strong in that direction though is my last regression channel if it brakes to the bearish side it would be a good probability of a reversal because of the angle it has since its powerful.You can also measure the movements down but they are to vertical and had no continuation to is since price reacted the bigger fibb swings. So what i really believe is I have to measure with the linnear regression channel is the last leg in price. Let me know if this is right or I am thinking to much and I am wrong.
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Dislikedif we want to find a indicator which is very similar to the fib, the fib fans is a very good candidate. it can provide very good support and resistance, use it with fib .Ignored
DislikedHere is a couple of examples of how i think is that you would place the LGC.
Please confirm me if this is right BO.
First Chart USD/JPY
The Arrows are the location of the Points that i place the LGC
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Second chart USD/CHF
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Third EUR/USD
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Last AUD/USD Please take a look at this one is seems to be in a huge trend or i placed it wrong lol.
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DislikedI won`t pull up any charts.. Earlier, Tuesday target had happen at 9966, and then friday bottom at 9800 to 9966 had it`s 38.2 retracement at 9899 just happen, i took long already at the first bounce at 9908 and my target is 2017, was i too fast? Sould i have waited for candle to close over the 38.2?Ignored
DislikedIts more risky to trade off the levels themselves, but its not wrong. Entering from the levels can get you in at better prices as long as price does bounce or get rejected from those levels, the problem is if price action doesnt agree and by that I mean in the next consecutive candles do they continue in the bounce or rejection or does price continue to make lower lows or higher highs from those points. Entering off the levels, just pay attention to price action from this point as new candles are formed and completed.Ignored
DislikedBo does this swing have to anything with it stopping it. I have been Looking at this swing since Friday and have been afraid of taking brakes of highs. Let me know what you think and what Importance you give to it...
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DislikedObviously, candle have just close over, momentum is still down but the support is holding. I placed my stop 10 pips under the 68.2 at 9855. Time for a shower.Ignored
DislikedAs long as support contiues to hold from fridays Intraday youll be ok. For fridays Intraday I would use the low of friday to the high of today, since this is the first true retracement since the low on friday.Ignored