Search results

  1. A

    fib. expansion and retrace in forex

    i had as a rule not to trade during Christmas-new year holidays... but there were plenty of trades out there. Anyway a sort brake is always refreshing for the mind. doddy, i m not using any range bar indicator, i only use 5M timeframe and 15M and 1H for confirmation. I suppose that even if I...
  2. A

    fib. expansion and retrace in forex

    S, thanks for this post it was really clear were pending orders where standing and what is happening generaly I m not sure if there is a point on analysing it but i m trying to understand why these specific 4 ticks (and not a bit higher/lower) were the long pending zone... A how did you...
  3. A

    fib. expansion and retrace in forex

    yes i can see what you mean. you run the price up to hit all the SLs to 1.618. ok not you, the bankers. :) So the best way to avoid bankers/market makers? i suppose just keep moving SL till is hit (or 5.7fib is hit etc).
  4. A

    fib. expansion and retrace in forex

    S, well i suppose (yes i know i should say this word) breakout pending orders should be placed in support/resistance levels like a range level or flag/triangle etc. So if thats the case short pending orders were placed just below 1.618, right? On the other hand if I would act as a...
  5. A

    fib. expansion and retrace in forex

    Merry Christmas Everyone
  6. A

    fib. expansion and retrace in forex

    S on what time zone is your MT4 broker is? it will help when studying your charts. when you say "retest of the low of the session" and "second leg retest" do you point on the 4.2 fib? I m just trying to figure out where the short pending order are standing...
  7. A

    fib. expansion and retrace in forex

    thanks S, honestly that was really helpful. I suppose where you say on the chart "find a db with second leg...." you mean "find a DT/DB ... On the 2nd trade on this chart, the one in the dotted box, isn't that a roll n puke trade?
  8. A

    fib. expansion and retrace in forex

    a trade i took today on a 5M chart I saw a DT with divergion. so I took the trade... then I had a look at the 15M chart. I wasn't sure if i had made the right choise. Divergion wasn't clear there. Finally the price made a run up and i hit SL. I m pretty sure it will finally...
  9. A

    fib. expansion and retrace in forex

    yes i think i got your point... i was "afraid" to pull the trigger on five charts today. 4/5 of them reached TP. I need to be more... determined?
  10. A

    fib. expansion and retrace in forex

    he he i supose it is here s a tripple (or even more) bottom but has a supply area on the top so i m not sure if it will work
  11. A

    fib. expansion and retrace in forex

    second image - thinking of trading long AUD/CHF M15
  12. A

    fib. expansion and retrace in forex

    this was a really nice h&s trade. i can locate DB, DT, tripples bottoms/tops patterns everywhere that works with fibs. But i locate patterns after they ve formed and i m not very sure on direction when entering a trade. For example on the trade i attach I was thinking of entering short on...
  13. A

    fib. expansion and retrace in forex

    second image trade i finally took
  14. A

    fib. expansion and retrace in forex

    on first image. first i analysed the trade and I saw forming a DB on A & B at .86 level . I also had a channel acting as support to DB and money line as well. My first thought was that price would go at least to 161.8 at channel level. There was hidden divergence as well (in my view)...
  15. A

    fib. expansion and retrace in forex

    S, thanks for your reply yes i do understand that. i m not asking for the food on my plate. i just looking for answers and help and i really appreciate your answers so far. if i m becoming annoying or consuming your time please let me know and I ll stop posting. finally the 1st...
  16. A

    fib. expansion and retrace in forex

    here is 2nd trade
  17. A

    fib. expansion and retrace in forex

    ok here is first trade I repost the trades for better quality.
  18. A

    fib. expansion and retrace in forex

    ok here today trades i took. first trade ------------ trend is up. price crossed money line and rebounced there. that was a .86 fib lvl indis are showing bull hidden DB divergence (at least according to what i ve read). I went long but price didnt go further than 138.2 it keeps...
  19. A

    fib. expansion and retrace in forex

    well the answer is on your 1st post and actually is almost on all of your charts. In some charts you only draw directly the 2nd fib (retrace fib). "fib expansion is very powerful when drawn from a .86 retrace or a full DT or DB that has diverged on the second leg setup."
  20. A

    fib. expansion and retrace in forex

    S, thanks so much for your posts and your time. There are so useful and enlightening. Sorry for my previous question and chart on divergence! Its too late and i m tired. I spent most of my day studying you charts and divergence and backtesting. So that was a really silly question to ask...
Back
Top