Fibonacci Fans!

[easymon1]

There's a Bigalow J-Hook pattern back there. Not in my toolbox but that's a beaut.

 

[easymon1]

 

[easymon1]

One percent a day for 200 days...makes what...
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-25#post-5537130

 

[tuxedo69]

easy, Still posting random charts, or are you now trading fibs?

 

[easymon1]

easy, Still posting random charts, or are you now trading fibs?

I notice fibs if they're around will use them for support or resistance if a price action trigger happens on one, but standard procedure involves lines that draw themselves.

 

[tuxedo69]

you have so many lines, ma's-volume-

i have just two vertical monitors, with eurusd with different time frame on each (pretty basic) and just using fib levels and pattern recognition.

It probably wont work for 99.9%.


How you doing .

 

[easymon1]

you have so many lines, ma's-volume-
i have just two vertical monitors, with eurusd with different time frame on each (pretty basic) and just using fib levels and pattern recognition.
It probably wont work for 99.9%.
How you doing .

Works for me.
edit
It's way easier to benchmark setups with lines that draw themselves.
They are consistent and objective.
While Fibs can provide fine S/R, unless a guy has special software he's gotta
draw them which can be subjective.
I'm more likely to use a higher timeframe (60 or 30 minute) fib that
appears and gets a reaction repeatedly on a 1minute chart than keep the 1m
chart populated with Fibs. The Fib Fan (green lines) was a hella interesting
experiment and now that think about it could be a one time application, multi
use tool without too much work at all.
The problem with that is that every additional line takes a slice out of the
concentration pie, so I agree with you there for sure.

 

[tuxedo69]

great

 

[tuxedo69]

Works for me.
edit
It's way easier to benchmark setups with lines that draw themselves.
They are consistent and objective.
While Fibs can provide fine S/R, unless a guy has special software he's gotta
draw them which can be subjective.
I'm more likely to use a higher timeframe (60 or 30 minute) fib that
appears and gets a reaction repeatedly on a 1minute chart than keep the 1m
chart populated with Fibs. The Fib Fan (green lines) was a hella interesting
experiment and now that think about it could be a one time application, multi
use tool without too much work at all.
The problem with that is that every additional line takes a slice out of the
concentration pie, so I agree with you there for sure.

easy, sorry i have not a clue in how you are trading regarding benchmark, software, green lines, pie.but as you say if it works , main man.

i just trade high-low retrace (trade in -trade out)

 

[easymon1]

easy, sorry i have not a clue in how you are trading regarding benchmark, software, green lines, pie.but as you say if it works , main man.
i just trade high-low retrace (trade in -trade out)

How I are trading - Setups that trigger at support or resistance.

As for green lines, here's the last one posted in this thread but they're linked back to the previous ones to give a feel for how price got there.

View attachment 307851

View attachment 307009

Benchmark = stats. when it comes to setup / triggers - first comes stats to see if they even might work. Due diligence.

software = SierraChart but the stuff that marks out Fibs for you, here's the guy who has it and it appears that it could be a hella good tool.

View attachment 305677View attachment 305677

Hope to see some of your charts sometime. Nobody expects you to show your hole card.