What about the correction wave length? If AB is the impulse, BC is the correction, is it important that the BC has more candles than AB? If the correction has more candles than the impulse and it wasn't able to retrace more than 61.8% (or 50%, 32%, ...

Powerful Fib Based System - by DAZfx

Do you take into consideration the length in bars/candles of the retracement in relation with the length in bars/candles of the impulse wave?

Powerful Fib Based System - by DAZfx

The major trend is bullish. I think its a high risc trade to go short.

Powerful Fib Based System - by DAZfx

wow great stuff! do you have them in high res so i can print them?

Charts on Drugs or works of Art?

I'm watching euro also. On H1 there is also 200 SMA in the vecinity of that resistence (maked as interupted white line on your chart)

Powerful Fib Based System - by DAZfx

Pipsy, its alright. I listen to every input. Thank you. Now the GBPJPY doesnt look as bullish as before The H&S is much clear.

Powerful Fib Based System - by DAZfx

Pipsy, i'm gonna wait and see how the H4 chart develops. The weekly TF look bullish to me and we are still at the beginning of the week so that last candle has 4 days left until its complete. If what looks like the correction on my previous chart, ...

Powerful Fib Based System - by DAZfx

potential long setup forming — Looking for a long setup GBPJPY, timeframe: H4. On the daily TF, GBPJPY, still looks bullish. what do you think?

Powerful Fib Based System - by DAZfx

Thank you for clarifying Its seems to me that most of the time the stock makes a hook in 2-3 candles after the confirmation candle, so my question is do you wait the stock to hook is the candle after the confirmation look good but the stock only ...

Powerful Fib Based System - by DAZfx

Simple question — What does it mean stoch hooking? Stoch crossing is pretty clear but what is stoch hooking up/down?

Powerful Fib Based System - by DAZfx

NZDUSD - H4 (Potential setup) — We have a deep retracement of 62% from AB wave (fibo 61.8) and a possible hidden divergence (LL on Stoch and LH in price) which means possible trend continuation. I'm waiting for the last candle to end to see ...

Powerful Fib Based System - by DAZfx

hello guys, what's wrong with FF and this thread? Do you need a yahoo conference room?

Powerful Fib Based System - by DAZfx

Hello, I havent posted before but I'm watching this thread because I'm trading using fibs in a very similar way. coobin, regarding the chart you posted, I think that yesterday was a good setup for a short. I would have used a Sell Stop Order arund ...

Powerful Fib Based System - by DAZfx