Ok thanks for your reply Graeme. Will look at some other trends to see where their entries are that survived...

Building an equity millipede

A query — Hi Graeme Very interesting thread. I have query about where entries need to be positioned in order to survive the pullbacks in a trend. I'm not sure if I'm missing something basic. Below is a H1 chart for EU that has a 600 pip ...

Building an equity millipede

Ah yep...good point aswilled. The thing I've been trying to work out with this method is when we pull the breach fib this way, why is the 50% level important or rather why does it act as S/R? In that example I gave there are lower lows in between ...

Simple & Consistent Fibbing Method

Oops I think we're pulling in different directions lol. You're puling down backwards in time and I'm pulling up backwards, if u get what I mean!

Simple & Consistent Fibbing Method

Thanks aswilled, good to hear. So now we have had higher highs and higher lows since that chart I posted. I moved the intra day fib to the new and and low and the breach fib to the new low. PA is now above the 50% intra day fib. In order to get a ...

Simple & Consistent Fibbing Method

Thx...Mmm so it seems you were leaving the breach fib high at the last high of today [Edit:after 00:00 EST]and pulling the low backwards into last Friday to get a low of around 4972 (mmm can't find a low there, i've only got 4964 or 4978 on the M5, ...

Simple & Consistent Fibbing Method

Iqyusan, your daily fib - is that on the high and low of today so far ie from GMT 00:00 or 00:00EST or from Fridays high and low? And can I ask where your breach fib is placed to get a rejected breach at 5015?

Simple & Consistent Fibbing Method

This is the situation I don't quite understand — This is the situation where I am not sure where I am supposed to pull the breach fib to to find the next 50% level. Here I followed what aswilled said in Post 1205. The yellow dotted line ...

Simple & Consistent Fibbing Method

Early bird... — Two little trades so far... they were both countertrend on H1 so exited both around the T1 -34 level for quick trades GU was a simple retrace to 50% breach fib and then got M5 hammer short signal and entered next candle image ...

Simple & Consistent Fibbing Method

Mmm that is different to what I heard in the vid just now, but Aswilled is guru number 2 in this thread! ....ah well...we'll sort it next week

Simple & Consistent Fibbing Method

Just watched it again and what Simone said for breach fibs was: In a downtrend, fib from the low that holds to the previous high in an uptrend, fib from the high that holds to the previous low But unfortunately there was no example for what happened ...

Simple & Consistent Fibbing Method

ok thx...thats what I would have done if this was the first move of the day (ie low to high). But I started my original intra day fib from high of 4973 and moved it down the low 4855 as things progressed, with the breach following it down, its high ...

Simple & Consistent Fibbing Method

I have 3 fibs on that chart. The white is the fibs from yesterdays high and low. The blue is the intra day fib and the yellow is the breach fib. Both the intra day fib and the breach fib are pulled to the same low which is the hammer candle 3 ...

Simple & Consistent Fibbing Method

whats the highs and lows of your breach fib at the moment ChowClown?

Simple & Consistent Fibbing Method

Actually now I'm confused again, I'm not doing it like Desi says.... Simone's post 1548 shows a breach fib going from the high to previous low in an uptrend, which is how I'm doing it before price reverses... Think I need to get clarity ...

Simple & Consistent Fibbing Method

I think you pull the breach fib back to a previous low when you initially had a intra day fib in an uptrend (ie low to next high) and then PA retraces thru the levels of the intra day fib. You keep pulling the breach fib back to previous lows in ...

Simple & Consistent Fibbing Method

Are you talking for breach fib or intra day fib a2xm? I wasn't sure about this as well initially. I just checked the first vid and at 5:19 Simone moves the intra day fib high to the low and then adj to next new low as it is made. [Edit: I have been ...

Simple & Consistent Fibbing Method

Ah ok I see the one you are talking about. You could use that if trading the Asian session. For the moment I look to start my intra day fib at the same time Simone does which is a high or low between 00:00 and 3:00 EST USA. But if I'm trading the ...

Simple & Consistent Fibbing Method

Thx A2xm! Are you talking about the low on the previous candle to the one I used for my blue fib (which is 1.4917 on my chart), as I don't have a low at 1.4915? The candle I used was my swing low - my fractal indicator put a little red dot on it ...

Simple & Consistent Fibbing Method

Question about stop losses — Hi Simone A question about stop losses. If we keep expanding our intra day fib each time it makes a new high or new low and keep putting our stop loss behind the 38.2 or 61.8 level, doesn't the size of the stop ...

Simple & Consistent Fibbing Method