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  • #21,841
  • Dec 5, 2012 9:53am Dec 5, 2012 9:53am
Quoting morob
I out of my long @

1.30784

Currently flat waiting for clear setup to enter

This is not mine analysis that chart and comment is from Trading Central

I have my own view with bearish PA
hena I say you is plural!thanks
  • #21,842
  • Dec 5, 2012 9:53am Dec 5, 2012 9:53am
Quoting Farrusco
you shorted at 1.307 which is the strongest level and you can count like a lot of times it acted like sup

1.3067 it's the 23.6 of daily fibo, you can see those values are really strong, and they are only 23,6 meaning that if it goes to 38.2 it will surely have double or triple the buyers, so I believe we are still bullish, and I shorted and lost, now on the trend side again.

In my opinion...
Agree with you here Farrusco, I also shorted for a quickie this morning only to run into the 70. Also, got three 1H bars holding there, soo, i've since gone long
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  • #21,843
  • Dec 5, 2012 9:59am Dec 5, 2012 9:59am
I anticipating a move down to 1.3030 where i will look to buy....reason being is that i prefer the daily 38.2% fib level than the 23.6%
  • #21,844
  • Dec 5, 2012 10:21am Dec 5, 2012 10:21am
It seem machinist wanted to come back to pick up faz007...the train is mooving slowing so he can jum in!!!heheheheheheh
  • #21,845
  • Dec 5, 2012 10:23am Dec 5, 2012 10:23am
good evenning evry one iam trapped with heddg now
  • #21,846
  • Dec 5, 2012 10:25am Dec 5, 2012 10:25am
I agree it hit 1.3067 15 times and 1.307 15 times, the last down move to 1.30625 was because of a break of a wedge, techical move, and look at this strenght now, im fairly confident

edit : also there was this heads and shoulders pattern possibility but It didn't form right
  • #21,847
  • Dec 5, 2012 10:38am Dec 5, 2012 10:38am
Quoting rehorst
Nice trade!

I can't get the H1 Fib channel to show on other charts. I checked the boxes on the Visualization tab but they don't appear. What am I missing please?
Have you tried to restart mt4?
Or are you looking too small tfs? Lines might be out of bounds.
  • #21,848
  • Edited 11:03am Dec 5, 2012 10:47am | Edited 11:03am
Quoting tigerpip
hey guys im back after a little vacation
only been trading a little
Mok1one How do I determine where to place starting points for fib channels?
besides looking at your charts
Hy,
Sorry for late answer, was enjoying the weather and the city

Easy answer- i look only at charts.No other thing tells me from where to draw these channels. Only chart. Why? Because this is a technical tool.Can't draw them on fundamentals

Not so easy answer - 1h channels from the start of upmove. same 4h.
5min and 15min you can basicly draw from any high or low. 5min makes a lot of moves so a lot of places to draw them.
I like to draw them from the starting of the waves seen on 15 and 30 min.

I've said before many times. Just look that at least 2-3(if drawn long from way bottom or way top 4 is better) lines from the starting point match with PA and the rest will follow.Just Zoom out your chart put the channel in and check if the pa matches at least 2-3 lines.I will try to upload some example charts today.

Hope this helps.
  • #21,849
  • Dec 5, 2012 10:56am Dec 5, 2012 10:56am
Quoting rehorst
Nice trade!

I can't get the H1 Fib channel to show on other charts. I checked the boxes on the Visualization tab but they don't appear. What am I missing please?
Is it just your build up of sentence and wrong word use that made me think?

You can't get the channel to show on OTHER charts?
Or you can't get the channel to show on the SAME chart but on a different TIMEFRAME ?
  • #21,850
  • Dec 5, 2012 11:04am Dec 5, 2012 11:04am
it 38.2 of daily fall, nice spike up, still bullish and winning 15 pips =) I'll post chart explaining one move I posted earlier
  • #21,851
  • Dec 5, 2012 11:06am Dec 5, 2012 11:06am
Quoting Farrusco
it 38.2 of daily fall, nice spike up, still bullish and winning 15 pips =) I'll post chart explaining one move I posted earlier
i will look at yours at night, look at mine also..you are long until?
I can already put my TP this time:
1.3300
  • #21,852
  • Dec 5, 2012 11:07am Dec 5, 2012 11:07am
Quoting xandi
i will look at yours at night, look at mine also..you are long until?
I can already put my TP this time:
1.3300
hmm as you know I only trade for 2 months so my take profits are 30 pips max but i'll extend a bit...
  • #21,853
  • Dec 5, 2012 11:09am Dec 5, 2012 11:09am
Here it is just explaining why that 12 pip drop
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  • #21,854
  • Dec 5, 2012 11:10am Dec 5, 2012 11:10am
Quoting Farrusco
hmm as you know I only trade for 2 months so my take profits are 30 pips max but i'll extend a bit...
take a look at my chart 15min that I put in morning, and try to mirror that on daily, if we have that kind of break up...hmmm...delicious!! the picture is the same!
  • #21,855
  • Dec 5, 2012 11:13am Dec 5, 2012 11:13am
Quoting xandi
take a look at my chart 15min that I put in morning, and try to mirror that on daily, if we have that kind of break up...hmmm...delicious!! the picture is the same!
my t/p currently is 1.30964, just moved a little bit higher cause i'm going to be away 30 min in case any spike up happens, but im confident and bullish but I don't want to have position open too long cause tomorrow will be high volatibility and I want to scalp, can't afford to have runners
  • #21,856
  • Dec 5, 2012 11:14am Dec 5, 2012 11:14am
Quoting xandi
take a look at my chart 15min that I put in morning, and try to mirror that on daily, if we have that kind of break up...hmmm...delicious!! the picture is the same!
for me ( i lost profit for 1.5pips!! ) yorkers spining up to come back in the morning level
  • #21,857
  • Dec 5, 2012 11:21am Dec 5, 2012 11:21am
Quoting prosiak
for me ( i lost profit for 1.5pips!! ) yorkers spining up to come back in the morning level

chart 8h...similar 17-18 october. Today go up but I wait a long short.
  • #21,858
  • Dec 5, 2012 11:35am Dec 5, 2012 11:35am
Quoting mok1one
Is it just your build up of sentence and wrong word use that made me think?

You can't get the channel to show on OTHER charts?
Or you can't get the channel to show on the SAME chart but on a different TIMEFRAME ?
Yes, that is it. You shared a M15 chart with a M60 Fib channel on it. How did you do that? Manually? (I see now how that Visualization tab controls display on the SAME chart.)
  • #21,859
  • Dec 5, 2012 11:49am Dec 5, 2012 11:49am
Quoting rehorst
Yes, that is it. You shared a M15 chart with a M60 Fib channel on it. How did you do that? Manually? (I see now how that Visualization tab controls display on the SAME chart.)
Manually yes. IMO it's better that way. can surf through tf's easily and chart does not have many different channels from dif. tfs shown all at once. Can be harder to read what role the channel carries (minor-major).
  • #21,860
  • Dec 5, 2012 11:51am Dec 5, 2012 11:51am
Quoting xandi
i will look at yours at night, look at mine also..you are long until?
I can already put my TP this time:
1.3300
Daily fib-CH

Can be nice target
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