fib. expansion and retrace in forex
- Thread starter shopster
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EUR/USD 1-min chart from Friday August 19. Just for fun, trying to see if I understand this.
It's interesting, but this is just one example I picked that worked in hindsight. Every downtrend is a series of failed double bottoms and failed divergences, and choppy markets will produce the same false signals, so there's obviously a lot more to this than just drawing fib levels when you see MACD diverge...
It's interesting, but this is just one example I picked that worked in hindsight. Every downtrend is a series of failed double bottoms and failed divergences, and choppy markets will produce the same false signals, so there's obviously a lot more to this than just drawing fib levels when you see MACD diverge...
dv
every trend is a series of 3 to a bottom or top on a 15 minute chart.
" transition in the lane " to a new level.
go and study it.......
.............................................................................
your right, there is a more 2 it.
but, you have to get the concept first....
read back thru the tread.
and put the yellow money line on your chart.
clue:
the position of the DT or DB setup to the money line.
in most cases...
s
every trend is a series of 3 to a bottom or top on a 15 minute chart.
" transition in the lane " to a new level.
go and study it.......
.............................................................................
your right, there is a more 2 it.
but, you have to get the concept first....
read back thru the tread.
and put the yellow money line on your chart.
clue:
the position of the DT or DB setup to the money line.
in most cases...
s
do u have another clue?Hi S,
I believe yellow money line is ema 174..is that right?
Went through the charts, sometimes DT or DB setup is close to moneyline and sometimes not do u have another clue?
........................................................
study the zero lag histo bars and how they relate to the price setups.........
and what happens once the trade starts.........
s
I believe yellow money line is ema 174..is that right?
Went through the charts, sometimes DT or DB setup is close to moneyline and sometimes not do u have another clue?
........................................................
study the zero lag histo bars and how they relate to the price setups.........
and what happens once the trade starts.........
s
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