fib. expansion and retrace in forex

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a trade i took today

on a 5M chart I saw a DT with divergion. so I took the trade...

usdk2m5gif.gif


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.

usdk2m15gif.gif


Finally the price made a run up and i hit SL. I m pretty sure it will finally retrace and come back to the TP.
 
A,

as soon as the the zero lag histo bars crossed zero going north, you are out.

the histo bars need to go in your favour for the entire move.

study this setup

this is what you are looking for.

s
 

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Quote from shopster:

A,

as soon as the the zero lag histo bars crossed zero going north, you are out.

the histo bars need to go in your favour for the entire move.

study this setup

this is what you are looking for.

s
More...

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?
 
A,

you are correct

overhead at the moneyline.

the trend is down.......

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

the trade on the right side was also a r n' p

here is how it played out.

it trades away from the moneyline in the direction of the trend.
the three shop emas are lined up for a short trade

a free fall to the 5.7

s

:cool:
 

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