thx for sharing
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DislikedVery interesting! Just quick question, assuming the price breaks the 38.2 Fib level, shouldn't go to the top of the of the phase 1.3147. why stop at 1.3118 (which is 76.4?). According to your earlier rule, if it breaks Fib 23.6 then should reach the 100 of that phase.
Also, i am interested in seeing example of the downjones, i'd appreciate if you could post some examples here or the tamplet.
thanksIgnored
DislikedHi again,
If you want to enter the market in an appropriate time and level , you should take many considerations into account .
Another Fibonacci that can help to identify the reversal is shown in the picture .
Draw a fibonacci from High Reversal line to 38.2% of lower blue fibonacci produced from step2.
(Please refer to Page 1 to learn how to) . This new fibonacci is called Closing Reversal Fibonacci
As closing price is higher than 76.4% of this new fibonacci level so there is a sentiment for the price to be reversed at 61.8%...Ignored
DislikedPlease consider that this system is not using any indicator or any pivot calculation and its only mathematics and using a program which was whritten in C# language . The parameters used for forecating are High , Low , Close of last month .Ignored
DislikedHi aebab,
I've been coding C# for 3 years ... ;-) (and java for many years)
As my full-time job involves programming and stuff like that..
Anyway, I'm comfortable with this system..
Although, at the moment, I use it in a different way from yours..
I can easily trade on 4h chart with trendlines and phase fibo levels ( only
the yellow ones)..
Good job mate!
Keep posting
Many pips,
IndianaIgnored
DislikedPlease share your idea about the way you trade . (Please teach me also )
There are some other fibonacci that makes you catch the long term trend and I will let you new in future.
Keep in posting too.Ignored
Dislikedwhat is your problem? I think I described clearly . download template for Metatrader and the rest is easy.Ignored
DislikedYes, I'm giving this a try .. It looks good to me
Of course mate. As I trade the 4h chart, I will look for the close of this 4h
candle (GoMarkets -> so GMT+2 for summer time) .
If it's gonna close under 50% fib level (1.30851) , then I'll expect a retracement to 38.2 line or even 23.6 , let'see.
Given the uptrend, in the zone 1,3020 - 1,3050 , I'll look for buy opportunities .
It should be better if price action confirms that too.....Ignored
DislikedYes, I'm giving this a try .. It looks good to me
Of course mate. As I trade the 4h chart, I will look for the close of this 4h
candle (GoMarkets -> so GMT+2 for summer time) .
If it's gonna close under 50% fib level (1.30851) , then I'll expect a retracement to 38.2 line or even 23.6 , let'see.
Given the uptrend, in the zone 1,3020 - 1,3050 , I'll look for buy opportunities .
It should be better if price action confirms that too.....Ignored
DislikedI think you will be surprised if you see other fib phase levels which are more accurate and I am using for long term trading .
For example , how you can interpret this candle to be stopped at 1.3108 ?
If you go step 1 for this new phase , then you will see why?Ignored
DislikedHi aebab
Really I am amazed how you system is working . I do not know what to say . Are you using elliot wave to predict so accurate ?. Because is some posts agao you sadi the market will reach to 1.3118 and now its done and came down exactly from that point . How you are calculating these things ? Can you say your secrets ?
Good LuckIgnored
DislikedHello everybody.
Dear Indiana Pips , Did you get all of pips yesterday ? Are you going well with the system good enough ? I hope you could know to get out of market at 1.3118 as I predicted yesterday .
have a good tradeIgnored
DislikedHello,
I'm impressed... It's easy to see why..
I've just followed the steps you wrote on post 1!
I think I may switch and trade to 15M timeframe, like you do,
and following your rules strictly.. I guess it's worth it!
Thanks again for sharing,
IndianaIgnored