fib. expansion and retrace in forex

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Quote from jack411:

Hey Shop and A,

re-attached the chart w/ my comments. Looks like a less than ideal setup A. Price was under the moneyline and the histo divergence wasn't correct.

Shop - Understood about being too close to the forest to see the trees, Just based off of looking at A's chart though.. Am I correct?

*chart attached in next post*
More...
 

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j,

just a dead section of market with zip going on.

zero lag is flip flopping with the price, which is going nowhere.

put your saddle away
the bronco is not bucking for a few more days.

no motion in the ocean.

s
 
Quote from moneyvision:

att...
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mv,

a .86 retrace on the second leg short, better known as a " shop one legger... "

second leg fully diverged.
a " cork under water " on the second leg, macd histo bars are already down.

you are using a stock macd.

try this one, no adjustments required......
mt4 compatible.

if you fib out the short trade, the exit door was a 2.6 fib expansion.

very good...

and i do have fun, dammit.......:)

s
 

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Quote from moneyvision:

another one...
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mv,

dt to a db

5 min glitterratti .....

a shop upchuck trade, a reverse r n' p to the 3.14 exit door

in both cases 3 to a top or a bottom
w's at the bottom
m's at the top

both charts are slingshot setups.

you have arrived.

s


:cool:
 
Thanks!

I have fun too :D

I think people are looking to much the details instead of taking a step back and looking the important stuff...

...Could we say that money ligne is a kind of magnet... when price touch ... we are ready for a new ...

look this one...
 

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a trade i took today.

ok there wasn't lot of price action but after London open price moved away from money line.
A DT with strong divergion formed.
Histo bars were just bellow zero line on the 2nd leg so buyers were moving out.
My only doubt on that was that fib on 2nd leg was near 61.8 fib but didn't touch it. So no slingshot formed actually.

So I suppose this could be a wrong trade selection...

I exited on 200.0 and on doted money line.

A DB formed with divergence right after.

I ve start studying all the threads charts again (3rd time). Its amazing that each time I study the very same charts I discover new stuff and see them from another optical view. This time i notice how important role the money line plays.
 

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