Are you looking for trading opportunities across all time frames or focusing on particular ones? Just wondering whether any are working out the best. Guessing the H1 and H4 will be more reliable?
Thanks,
PB
Thanks,
PB
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DislikedAre you looking for trading opportunities across all time frames or focusing on particular ones? Just wondering whether any are working out the best. Guessing the H1 and H4 will be more reliable?
Thanks,
PBIgnored
DislikedHi hugh, pls comment on my entry for this trade..
blueline=entry below 38.2
green=tp1 above 0, above -38.2
red=sl above 61.8
enter only when retracement hit 50%, invalidated when 61.8 is brenched
ps, thanks ferrufx for the ea.. hope you dun mind me asking some question regarding it.. how do i change the settings for the EA, eg. lot size and 75 invalidating point..i seems to have problem modifying it as the EA always changes back to default(pink box)
Ignored
DislikedI don't know if anyone else has done this? I took a long on eurchf the other day just above 1.20. It's not a system trade, it's just something I noticed. The Swiss National Bank have declared 1.20 the lowest they will let the pair go and they have the funds to defend it. I got in at 1.2020 with a stop loss at 1.19 so that's a 120 pip stop loss but the upside potential of the trade is huge, in the thousands. I don't believe the SNB do actually have enough funds to prop the pair up if the worlds traders decide to trade it lower and that's why I've...Ignored
DislikedHi hugh, thanks for the reply, but i seems to be facing some problem with the EA - it was working fine this morning..
i attached a screenshot of my chart with 3 red box areas...
as you can see
I : shows the EA with a sad face
II : shows a fib plotted with fibo renamed as SELL yet as reflected in III, no orders was being done..
i hope you dun mind me asking such a trivial question, im abit lost in this wonderful EA made by ferrufx..
can i also ask whether you put in the consideration the pip-size of the fibo area you are interested.....Ignored
DislikedThe sad face means that you do not have the ea set to take trades. Go to the "common" settings box and ensure you have the ea set to take live trades without confirmation.
I am using v3 at the moment and I manually put in my position size as I am using my own money management idea.Ignored
Dislikedhi, im thinking of entering au 15mintf ..pls share your opinion thanks!
as shown, there is a confluence of fibo line marked by the purple line at the 23.6fib line of 15min tf and 50fib line of 1h tf..
may i ask if you would still consider entering when 61.8 fib line is breached? abit confused here as there are some entry despite having 61.8 line being hit.. how do you determine whether it would still be an appropriate entry?
if entry is made at 38.2, would it be wise to tp at the -23.6 fib line instead of the -38.2 since it is potentially...Ignored
DislikedDoes anyone know if the EA for this system looks back if 50% level was hit? I mean when price retraces to 50% and then resumes original direction, but Fibo get's drawn and set after that retracement but before the price hits 38.2% level, will it be triggered? Does Fibo look back or not?
Thanks,
LostIgnored
DislikedYou're making it too complicated. That market is not trending so any trade you take has less probability of working out.Ignored