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- Post #7,707
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- Feb 13, 2009 3:51pm Feb 13, 2009 3:51pm
- | Joined Apr 2008 | Status: Member | 1,206 Posts
- Post #7,710
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- Feb 15, 2009 7:12am Feb 15, 2009 7:12am
- | Joined Sep 2007 | Status: Member | 1,404 Posts
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
fibonacci trading log 2 replies
Need help Bobokus Fibo template 1 reply
Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
DislikedThanks Speedarad,
This is my setup..The price have already break the Intraday resistance level.How will you deal with it? Do you wait for the price to go down to test the Intraday Fib and take a Long from the bounce?
Does a broken resistance level change to support level for the current price?Ignored
DislikedMe, I passed on this trade because ,simply the time of the day,but to be honest ,I was very attempted to take it.
The thing is ,different situations required different approach. In this case ,I would follow the price with a swing fib on the last uptrend move and a bounce from this levels correlated with an open candle above intraday long could trigger an long entry.If it's just an minor retracement with no test of the inner levels than I go for the break of the high.But it's also very important to be aware of what is on top of you!I'm talking about...Ignored
DislikedHi all,
i am searching for this fibo indicator, may i know where can i download this?Ignored
Dislikedyou don't need to download it, just look for high and low of the previous day and manually draw the retracement.Ignored
DislikedThanks for ur reply. i thought there is a automated indicator for this..Ignored
DislikedSorry I did not respond earlier, I don't normally check the site everyday (sometimes I may not check it for weeks). But it's nice that Speedarad was able to respond to your concerns...Ignored
DislikedNever mind Aad..
Speedarad, How will you deal with a gap like this? Is the setup correct?Ignored
DislikedA gap is nothing else then missing data.Mkt. actually opens at 3 pm eastern time ,is just that US brokers start at 6 pm.You just wait for the high and low to be establish.The way you applied your fib. is correct.You have an retracement (even is tiny).If the mkt. keeps dropping ,you keep pulling the fib to the new low until you get an retracement.
And don't forget the fibs on higher TFs ! They are very important.Ignored
Dislikedhere is an template with all the fibs we use .
Open an Daily GBP/USD you have all of them.Ignored
Dislikedit depends ,but in this case it's all about where the break out candle close ,how big is the wig,where is the next support area.Consider all this I would probably say no on this one ,but generally I would say yes.
But here is what I would do if I would follow this trade:After the first down wave,we have an retracement.I would enter below of the first candle wich close below intraday low (see red line with entry level).Candle I enter is with green arrow.I would take partial profits @ 1.4150 level,let the rest run.Mkt.would take me out around 1.4175...Ignored