MD.
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DislikedIn my worthless opinion, (IMWO) the first thing you need to identify before you trade is your stop area. Trade the lot size accordingly. If your stop is 100 pips away, less of a lot size, only 15 pips away you increase your lot size for the % you want to trade. But, you need to understand where that stop is. It's just not in a place you feel comfortable. When you see a candle explode for no reason, all its' doing is completing a cycle in order to move on. They always stop on the stop areas and reverse. Most don't know why and think the big...Ignored
DislikedCan you post a chart showing us how you would use Fib fans on a daily single candle on a one hour time frame. ThanksIgnored
DislikedWell, I waited all day for this one, but EU never looked like it was going to head north of that 0 Line.
You gotta love Fibs, and some twats reckon they don't work.Ignored
DislikedMention about this on Sunday.Took a day longer because of yesterday holiday.Ignored
DislikedSpeedarad,
Do you take the trade from the 38.2 being the Intra day short all
the way down to the 0 line being the Intra day low ?Ignored
DislikedIn this case yes, but because we still in a down trend we can aim for T1 (1.27) as an aggressive target .Because of low volume yesterday I took in consideration the possibility of losing some momentum and a bounce on zero level.But generally if I take a trade in the direction of the trend I go for T1Ignored
DislikedIf you have a 100% method you only need to worry about stops for emergency reasons . . . everyone else needs stops in the right place, if you manufacture a stop to get better R:R your accuracy will suffer, usually.Ignored
DislikedSo as some of the other guys do not get confused (I am not being picky). Your GBP YEN fib, although I understand it's placement, would appear to be upside down. If we look for longs do we not pull up and back?
Sorry but it looks a bit "arse over teakettle".
MD.Ignored
DislikedHey thom , any chance you could answer the questions from my previous posts? ... no pressureIgnored
DislikedOne thing I have noticed about Thom's method. You can actually trade GY with a fairly tight SL. I saw that price was comming back down so I put a Buy Limit at the 38 line, SL just under the 50. I'm up 61 pips and counting. Gonna move SL to BE.
Thanks Thom.
BartstopIgnored
DislikedIgnored
DislikedOne thing I have noticed about Thom's method. You can actually trade GY with a fairly tight SL. I saw that price was comming back down so I put a Buy Limit at the 38 line, SL just under the 50. I'm up 61 pips and counting. Gonna move SL to BE.
Thanks Thom.
BartstopIgnored
DislikedThe morale of the story is unless you are as accurate as Thom, do not put your stop at the other side of the fib!
MD.Ignored
DislikedThom, yes, you did pull up and back but shouldn't the zero be at the top if you are looking for long? I'm not being picky, it is just for my and others education.
MD.Ignored