g/u
Shunfeng's discussion about candlestick patterns (two candles) 223 replies
Please code "Parabol trendline" or "Curve trendline" for me 0 replies
Trendline and Fibo. Open to all discussion and thoughts 0 replies
Trendline, Trendline and Trendline 4 replies
Confirming Trendline breaks, chart patterns and other breakouts. 2 replies
DislikedI prefer the cleaner charts without indicators as this makes you look at the price, and price is king in my opinion.Ignored
Dislikedwas hoping to get a little more input as far as the whole trade mngt. I'll post two examples and maybe get some feed back as to wether I moved my stops to quickly or not...
I want to give these trades time to develop but am also afraid that it would turn around and give me a loss...
eur/jpy...
I moved my sl to a little bit below entry for at the very worse a small profit.
and usd/jpy..moved my sl to break even
I know prices retraces even when its trending nicely...I want to give these room to breathe and let them reach there true potential......Ignored
DislikedConsider trading to fib extensions and taking profits at those levels, and re-enter as you get retracements to .50 or .618 fibs, placing a stop at some point beyond the .786 (if you go beyond that, then statistically, you are in trouble). Just a thought. BTW, I can see the price levels for your entries and stops, but not the actual candle where you entered.Ignored
DislikedConsider trading to fib extensions and taking profits at those levels, and re-enter as you get retracements to .50 or .618 fibs, placing a stop at some point beyond the .786 (if you go beyond that, then statistically, you are in trouble). Just a thought. BTW, I can see the price levels for your entries and stops, but not the actual candle where you entered.Ignored
DislikedGefx,
Here is the next possible set up I am looking to enter, on the close of the highlighted area...grant it, It depends on the close of the candle.
for the sake of the question. Lets say the candle curently closed and this were my entry point.
Would that be a correct depiction on how one would use the fib ext and target areas? producing those three target areas and perhaps moving to break even once the first level is breached...
Looking forward to your reply...thanks in advance...Ignored
DislikedGefx,
Here is the next possible set up I am looking to enter, on the close of the highlighted area...grant it, It depends on the close of the candle.
for the sake of the question. Lets say the candle curently closed and this were my entry point.
Would that be a correct depiction on how one would use the fib ext and target areas? producing those three target areas and perhaps moving to break even once the first level is breached...
Looking forward to your reply...thanks in advance...Ignored
DislikedA 4H chart would look something like this:
Attachment
I pay attention to the the overlapping fib levels (in the one above, the -.27 and -.618 extensions overlap), but use the -.27 as the first target and the -.618 as the second, expecting retracements along the way. The -1.27 is the ultimate goal. In the most recent action, notice how PA reacted to the -.27, retraced to the .50 fib, and then moved to the -.618/a new -.27. A bunch of trading opportunites. It would make perfect sense to include the bear flag trend lines in the analysis...Ignored
DislikedI do not see an entry point (with the trend) at that point, nor do I see an entry point for counter trend trade, which is not to say that in time the PA will provide an entry. There are several good threads on FF on how to use fibs, and I recommend checking them out. If you look at the chart that I posted, it shows that your entry point is one of my exit points. Best wishes.Ignored