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fib. expansion and retrace in forex
- Thread starter shopster
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still waiting for a few answers on this post........
step up to the plate and swing at it.
s
" the reverse of a "roll n puke " is an "upchuck" trade.
turn your chart upside down.
same setup
the clues are in the red boxes.
you tell me what the setup is..........
final exit door was the 5.76 fib.
you also went short at the red line...........why............? "
s
step up to the plate and swing at it.
s
" the reverse of a "roll n puke " is an "upchuck" trade.
turn your chart upside down.
same setup
the clues are in the red boxes.
you tell me what the setup is..........
final exit door was the 5.76 fib.
you also went short at the red line...........why............? "
s
go long or short at the .86 retrace on the second leg of a double bottom or top.
look at how i have drawn my fib lines
0.0 to 1.0 forms a box around the DB or DT .
all my trades have divergence on the zero lag macd histo bars and the ssto also diverges on the second leg up or down.
this is fib expansion, not a retrace from the DB or DT.
the final exit door to close profitably is a 5.7 fib. expansion number.
s
look at how i have drawn my fib lines
0.0 to 1.0 forms a box around the DB or DT .
all my trades have divergence on the zero lag macd histo bars and the ssto also diverges on the second leg up or down.
this is fib expansion, not a retrace from the DB or DT.
the final exit door to close profitably is a 5.7 fib. expansion number.
s
Quote from shopster:
go long or short at the .86 retrace on the second leg of a double bottom or top.
look at how i have drawn my fib lines
0.0 to 1.0 forms a box around the DB or DT .
all my trades have divergence on the zero lag macd histo bars and the ssto also diverges on the second leg up or down.
this is fib expansion, not a retrace from the DB or DT.
the final exit door to close profitably is a 5.7 fib. expansion number.
s
Okay so you NEED to have either a double bottom or double top for you to put on your trade. You draw a fib on a retrace of the bounce from the double bottom or top as long as the histogram is less (the pull back). And you get out of your position totally at the 5.7 fib.
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