Quoting vegasDislikedrjb1024,
Can you see momentum shift from team to team in a sporting event? OK, you can, now try and quantify it. See the problem?Ignored
...thanks
rjb1024
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Question for VEGAS and others using Vegas system..... 2 replies
Quoting TrinityDislikedVegas
Having taken half-profit at the daily VWB tunnel, what do you prefer to do if there is little further move, not to the next target fib level, and then some retracement? Similar to the EURJPY on Feb 8? Would the 4H 8 min EMA change of trend be very acceptable as an exit point or do you recommend another exit strategy?
TrinityIgnored
Quoting BemacDislikedWell I suppose it depends on what timeframe you're thinking of
I presently am working on a VT version of the one[1] week high/low to produce a Fib Fan from same into the current week.
But if all you need is the high/low of one week or otherTimeframe, pm me with your params and perhaps [if VT is acceptable to you] I will see what I can do.Ignored
Quoting WTBDislikedVegas, another hypothetical question:
We are in a downtrending market. We reach the lower third fib level and we start following the intraday 1H chart to tick the three-concept-requirements on the list. Now, we see that price has dived below the 47-pip strech since open (3pm CST) to the downside, but later on we see a steady retrace back above the total range's 50% mark.
Does that qualify as a reversal day?
PS: Im just trying to nail the 3-concept business down like the rest of us.Ignored
Quoting WTBDislikedHello Vegas, thank for the comments.
What I saw on the intraday picture on GBP is what I have attached below, that's why I thought it had fulfilled the 3-concept requirement.
Anyway, so if I got it correctly, the steps to take are (in order) as follows:
1) we reach the appropiate fibo level.
2) we zoom to 1H chart to tick the 3-concept requirements on our side.
3) we zoom back out to the Daily chart seeking for candle stick reversal formation.
4) we enter trade.
Is this correct?
Thanks for your patience mate.Ignored
Quoting sarbotDislikedCould you re-post the name and location of your system at collective2.com ? I can't locate it there.Ignored