fib. expansion and retrace in forex
- Thread starter shopster
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S,
thanks for your answer.
I didnt see that. Another lesson learned... The last few weeks I ve learned a lot.
Its so amazing how an experienced eye will look at a chart...
The reason I didn't see that DT was because I just keep looking for diverge DB/DT patterns away from the ML. Not on the money line since i thought that was a dead zone. A bit confused here...
I ve got two questions if you could answer:
1st you say "no zero line histo crossing on the second leg".
You mean by that the macd bars on the second leg had not cross the zero macd zero line, right?
But on many of your charts I can see that as well. Unless I m reading your charts wrong.
2nd not all the trades works up to the the 5.76fib, right? So even at 3.14 it could jump back to ML (money line) right?
I m attaching your chart.
Athan
1st
you say "no zero line histo crossing on the second leg".
You mean by that the macd bars on the second leg had not cross the zero macd zero line, right?
But on many of your charts I can see that as well. Unless I m reading your charts wrong.
2nd
not all the trades works up to the the 5.76fib, right? So even at 3.14 it could jump back to ML (money line) right?
......................................................
A,
1
the histo bars should always be going in the trade direction on the second leg.
it is crossing its own zero line or has already crossed on the second leg.
if it is crossed already , it is corked.
2
price can go anywhere it wants, you will learn to read it.....
3
the last move to the 4.2 or 5.7 is usually diverged and running out of gas.
the histo may already be crossed in the opposite direction or corked
4
if you cannot see this setup, there is no trade.
s
you say "no zero line histo crossing on the second leg".
You mean by that the macd bars on the second leg had not cross the zero macd zero line, right?
But on many of your charts I can see that as well. Unless I m reading your charts wrong.
2nd
not all the trades works up to the the 5.76fib, right? So even at 3.14 it could jump back to ML (money line) right?
......................................................
A,
1
the histo bars should always be going in the trade direction on the second leg.
it is crossing its own zero line or has already crossed on the second leg.
if it is crossed already , it is corked.
2
price can go anywhere it wants, you will learn to read it.....
3
the last move to the 4.2 or 5.7 is usually diverged and running out of gas.
the histo may already be crossed in the opposite direction or corked
4
if you cannot see this setup, there is no trade.
s
Your answers are really appreciated S,
You always give really nice feedback!
I was dreaming about two sisters... but 3 seams better
Could you give us some more details about those pretty sisters?
Thanks!
You always give really nice feedback!
I was dreaming about two sisters... but 3 seams better
Could you give us some more details about those pretty sisters?
Thanks!
Quote from moneyvision:
Your answers are really appreciated S,
You always give really nice feedback!
I was dreaming about two sisters... but 3 seams better
Could you give us some more details about those pretty sisters?
Thanks!
..............................
fly to dallas.
they should be wearing white boots at the 50 yard line.
s
Once price gets to the 5.76 and purple ema, price diverges again on the zero lag. Is this a valid time to go long? If not why? Wait for the emas to line up again first?
....................................
J,
you decide.
this thread is about the entry setup and the exit doors.
define your own criteria for the counter trend or wait for the next shop setup.
stay focused.
cheers,
s
....................................
J,
you decide.
this thread is about the entry setup and the exit doors.
define your own criteria for the counter trend or wait for the next shop setup.
stay focused.
cheers,
s
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