Thread: My technic with fibo

Originally Posted by ;

Thanx, u can have try too.

Hpow about today trade?

1 Attachment(s) heres how I Exchange the 123 thats different from his Because There's a Possibility no reversal bar appears Too as There's no perpose in His Own fib its either 50 38 or Even 61 not Only 50 as he explained there is also no trendline filter thats Desired from the 123 setup take a look at chart I also use 15 min on eur/uds and gbp/usd

26.12.2006 GBP.USD 15min Chart

Status: Success

Goal: 48pip (I exited @ 38pip)

Next days will probably be busy so maybe not uploading trade....

Originally Posted by ;

heres how I trade the 123 thats different from his since There's a chance no Change bar appears Too as There Isn't Any perpose in His Own fib its either 50 38 or Even 61 not Only 50 Because he explained there's also no trendline filter thats needed from the 123 setup Have a Look at chart I also use 15 min on eur/uds and gbp/usd

thanks, can repeat wot u were saying about Goal, did Not get that

Looks like a solid egy and incorporates actual time market moves like mentioned previously. Correct me if I'm incorrect, but this technic revolves around the fibo with change candlesticks is because the 50 percent fib level is the line where it decides whether it's likely to be up or down, and change candles are another certainty. Correct me if I'm wrong again but I get the vibe that you men are about evaporating the move.

What if you find a change candle in the 50 percent area that indicates a fade but the next candle is green, a confirmation of this trend is still moving, do you go ?

Again, my one question is that do you draw on the fib retracement on the swing top, swing low, or would you draw on the fib extension? Do you draw on both? Like many said here, it would be great if it's possible to demone that using an animation. Fantastic egy!

Here is my method of doing the 1-2-3. I believe what you've brought to the table is exactly what I want....hope it's possible to find out something from mine too.

https://www.forexsoutheast.asia/cryp...imeframes.html

not taking anything away from the style donadoney however your charts are confusing and some of your 123s are in wrong place the whole purpose of 123 is that the swings all area of the elliot wave sequence no you dont need to do all of that counting I and it functions really well for me firstly what I do at start of day would be draw trendlines from low to high from day ahead and elevated to low I quess froming a trianle in a sense then I only await a breach of the trendline then I understand then where 1 is and then 2 will form then I take the fibs and set order at 50 percent my risk is defined as well as my reward is described in advance when price doesnt hit the 50% just like the chart I am going to post you input at the traditional place at a break of stage 2 with cease at stage 3 now if it did hit the 50% level and lets say elevation from stage 1 to point 2 is 50 pips my stop would be above point 1 and its 25 and my reward would be 50 there fore you always have a 2 to 1 risk to reward and if you do the math if you're right 50 percent of the time you will make a nice living believe me test it out

hers another chart showing the trendline break and entrance at 50 level goal is 60 projected from low but since you're entering 50 degree you wind up with 90 with 30 pip risk 3 to 2 1 r/r even goal is better than fib expanstion

Originally Posted by ;

not taking anything away from your style donadoney but your charts are confusing and a number of your 123s are in wrong place the entire intention of 123 is that the swings all area of the elliot wave arrangement no you dont need to do all that counting I dont and it functions very nicely for me firstly what I do at start of day would be draw trendlines from low to high from day ahead and elevated to low I quess froming a trianle in a way then I only await a violation of the trendline then I understand then where 1 is and then two will form then I take the fibs and place order at 50% my risk is defined and my reward is defined beforehand when price doesnt hit the 50% just like the chart I am going to post you enter at the traditional place at a break of stage 2 with cease at stage 3 now when it did hit the 50% amount and lets say elevation from stage 1 to point 2 is 50 pips my stop would be over point 1 and its 25 and my reward would be 50 there fore you constantly have a 2 to 1 risk to reward and if you do the math if you're right 50% of the time you can earn a nice living believe me check it out

Sorry if the charts are perplexing. How I really do 1-2-3s is a different style. I really do them as continuation patterns and reversals on the 15 minute timeframe and upwards. I have looked over your method and there is a gap between them both, but I am certain of one thing and honestly what you've shown me is another tool I will be using in my arsenal sometime soon. You're free to take mine leave it, no skin off my bones, but thanks for the perspective.