DislikedHi D,
I think EG only will have big retracement after reaching fibo 1.618. Below is the chart I drew few hours ago.Ignored
Your daily retracement that you refer to (1.618%) also coincides with my PRZ- 0.918.... region. So, mate, i think we are seeing the same thing here and if you're in the trade, you should be careful when price gets to that region, you might want to close part profit and BE the rest.
Which other trap are you setting?
Has anyone thought of making an EA for this method? A flexible EA that you can adjust to your taste i mean. If there was an EA i would have set it on to take the EG trade for me.. What a miss!!!!!!!!!!!!!!!!!!!!!
Happy piping to everyone.
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