DislikedThanks Robby for sharing this system.
I have a silly question though.. why 38.2 and 61.8 fibo and not 50%?
Is there a reason behind this?Ignored
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DislikedIf you pay attention to your picture, you are drawing your fib from a movement previous to a little retrace, which i am sure retraced to a 61.8 fib line, Draw your fibs in between two points that has no retrace to any fib line, and if the 0 and 100 lines arenīt broken i will consider reentering on a second test of the 38.2Ignored
DislikedRobby, again i must say: what sense does it make to enter at 38 and close at 62 if you are just going to enter again at 62. Just keep the same trade open until 100 pips above/below 62.
why bother with the 2 trades?????
it should be 1 trade. enter at 38 with stop loss 100 pips above/below 62.
not sure of the logic for the 2 trades???Ignored
DislikedI "get" your idea but.... say you are willing to risk "x"% per trade. if you lose the 1st trade, you will be risking less money on the second but come on, how much less really. so if you lose both, it is the same as just losing 1 with sl 100 pips above/below 62. now if you are changing lot sizes at the 62 then yes i get it but then you are talking martindale and everyone knows what that gives you.
i mean go ahead, take 2 trades if you want to, i still don't get the logic. you aren't getting in at a better price because you just lost the money...Ignored
DislikedRobby, again i must say: what sense does it make to enter at 38 and close at 62 if you are just going to enter again at 62. Just keep the same trade open until 100 pips above/below 62.
why bother with the 2 trades?????
it should be 1 trade. enter at 38 with stop loss 100 pips above/below 62.
not sure of the logic for the 2 trades???Ignored
DislikedI "get" your idea but.... say you are willing to risk "x"% per trade. if you lose the 1st trade, you will be risking less money on the second but come on, how much less really. so if you lose both, it is the same as just losing 1 with sl 100 pips above/below 62. now if you are changing lot sizes at the 62 then yes i get it but then you are talking martindale and everyone knows what that gives you.
i mean go ahead, take 2 trades if you want to, i still don't get the logic. you aren't getting in at a better price because you just lost the money...Ignored
DislikedSo in this situation, you would have entered short at the 38.2 with a 348 pip sl?Ignored
DislikedCorrect, and i did, but i would start drawing my fibo 4 candles later than in your picture, i am now looking for maybe buying GU, because my fibo itīs going to be up since this last nmovement without retrace is going upIgnored
DislikedExactly, i am currently short GU because of a longer down fib, and i will buy at 1.4060Ignored