My idea, which I should have explained earlier, is to talk through why, or why not, a trade is entered, applying the rules as provided by Bobi, in an attempt to remove the lingering uncertainty.
Bluntly applying the calculator would have provided 20 pips so far, which is a daily target for some systems, but there were Fibo lines on the chart to take into consideration, as pointed out, so it would be helpful if anyone has any comments to add, using the Abonacci rules only, to offer more guidance to those still finding the rules a bit confusing.
If you feel compelled to add a comment saying it's all rubbish and no system's perfect, that may be your opinion, but it's not helpful to share it, so please keep it to yourself.
Bluntly applying the calculator would have provided 20 pips so far, which is a daily target for some systems, but there were Fibo lines on the chart to take into consideration, as pointed out, so it would be helpful if anyone has any comments to add, using the Abonacci rules only, to offer more guidance to those still finding the rules a bit confusing.
If you feel compelled to add a comment saying it's all rubbish and no system's perfect, that may be your opinion, but it's not helpful to share it, so please keep it to yourself.
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