Attachments: Fib+5WMA

Fib+5WMA

#81
Oct 12, 2010 10:49am Oct 12, 2010 10:49am

Pip26
Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts

Quoting 2pips

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here a trade i just took off weekly chat.
hopt it goes well

Ignored

Good entry 2pips... it is also confluencing with resistence level.

Good Luck

#82
Oct 14, 2010 2:07am Oct 14, 2010 2:07am

jamestoh
| Joined May 2010 | Status: Trader | 9 Posts

Hi Pip26,

Do you think FE 100.0 for TP 1 and FE 161.8 for TP 2 for this strategy is too large? The usual TP levels for fibo strategies are usually 61.8 and 100.0.

#83
Last Post: Oct 14, 2010 12:36pm Oct 14, 2010 12:36pm

Pip26
Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts

Quoting jamestoh

Disliked

Hi Pip26,

Do you think FE 100.0 for TP 1 and FE 161.8 for TP 2 for this strategy is too large? The usual TP levels for fibo strategies are usually 61.8 and 100.0.

Ignored

You can set any TP level with which ur satisfy. If trend is strong then u can look for big TP level's..

I personally take TP1 equal to my SL.

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