QuoteDislikedAlways easier to use a picture.
Blue = Fib Ext tool
Red = Fib Ret
Where are your targets?
For this method, u imploy fib retracement extension and not expansion.
expansion is for daz wonderful system
My Go To Trading System (Tribute to Currencia) 541 replies
Tribute to Madlen and other good programmers- Correlation indicators 2 replies
QuoteDislikedAlways easier to use a picture.
Blue = Fib Ext tool
Red = Fib Ret
Where are your targets?
DislikedFor this method, u imploy fib retracement extension and not expansion.
expansion is for daz wonderful systemIgnored
DislikedAlways easier to use a picture.
Blue = Fib Ext tool
Red = Fib Ret
Where are your targets?Ignored
Dislikedhello Fin,
Profit takin has alwayz been a very challenging thing with this method, its been discussed severally. when i was trading with damion in his private room, we resorted to taking profit at any of this levels.
1. go for 1/1.5 risk/reward ratio
2. take partial profit at next resistance level and close trade at 127/1618
3. take profit at 127/1618 extension
Damion is a very careful trader, so he closes partially at option one and close all at fib extension level.
My profit takin level is base on option 2
am sure others will have diverse...Ignored
DislikedHave been riding this one for a while now.
60 Mins shows the entry but first waited for the up trendline to be formed on the 240 Mins.
Trendlines are all daily.Ignored