fib. expansion and retrace in forex

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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).

Then i did some further analysis and i saw that there was a DT as well forming (second image) and apart from that there is a supply level right above DT. Also there was normal divergence as well.
I t looked like a session x 3 as you posted in your previous posts but i m not really sure about it.

So i took the 2nd analysis. It worked up to 0 fib where it retraced. I exited there cause 1st i was afraid and 2nd i wasn't sure if it would continue any further down to 161.8.
I made few pips.

From my observation so far when you find out a divergence its an edge that will work most of the times when you combine it with fibs but it doesn't mean it will be a full move. It can just move up to 100 fib or 138 and then retrace. So by moving SL and some good money management i suppose everyone can make something out of this, right?


first image
 

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Quote from athan00:

second image

trade i finally took
More...

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A,

look at the zero lag on your entry.
the histo bars are none existent.
the lower the bars on the second leg the better the % .

....................................

start being more selective in your setups.

look for this setup

the dt is far away from the emas

box it up and sell it back to the money for bigger ticks.

the red line is a 13 sma

s
 

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here is the same trade setup on a 1 min

you have trip top diverged

if there are no more long pendings to be triggered after 3 rises
the boyz then puke it out.

all support and resistance

the game flows to the money / new pendings / stops

once all the longs are on board, the next action is to puke it and hit their stops.

price flows to the money.

fish in a barrel.

s
 

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when the 5 min hits the 729 and trip top diverges with all the long pendings on board.........

the next move is back to the money for 30 ticks.

cheers,

s
 

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3 to a bottom

zip on the histo bars
fully diverged
cork

60 ticks back to the money.

be selective.........

wait for diverged slingshots
dt
db
trip tops
trip bottoms

s

:cool:
 

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on a trip top away from the moneyline there is no overhead to get in the way

you are fully diverged and the zerolag histo is puking south

after a full pull you are fully diverged for the slingshot back up

long pendings are on board from the trip top

so puke em out and hit the stops

100 ticks to the 5.7

s
 

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lets move on...........

fib expansion also worxs in H and S setups

.....................................................................

fib out the right shoulder for the exit doors.

this shoulder should be fully diverged on the zero lag histo
so a cork above water

pic attached.

s

:cool:
 

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