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retracement of large candles - true or myth
Started Sep 8, 2009|Trading Discussion|5 replies
hello friends i was asking myself about the fact of the 30 % retracement of 4hr candles that ...
you are long withing a bearish down channel @ 4hr tf and we are exactly @ the channel upper wall take care ![]()
a nooby question please !!!! as shown in my pic my rules will be saticfied after 1 hr at that 4hr TF but i can see clearly it is too near to the down channel wall my trade would be a long entry with t.p @ 1.6450 which is a strong resistance so what ...
i will just give u a hint to keep you thinking strong support @ 1.6223 @ 4H
i guess so .. cuz i think it will visit 61.8 fibo @ 1.64x then either shoot up or fall again
i think i will be lucky djambazov as i always am hope still as old days >> ![]()
i already entered @ 1.6216 but still didnt plane my t.p what is urs
GBPUSD will retrace in the up channel now u may take short trades
very very nice and helpfull to me and other peoples too thnx " house trader " for sharing
thnx for ur post but what did u meant by price closes outside the bands about 1% of the times (4H TF) u means candle closes outside the band with 1% of itself ?
hello friends i was asking myself about the fact of the 30 % retracement of 4hr candles that ...
if we are lucky and cable breakes 61.8 fibo which @ 1.6428 it will rally up towards 100 fibo line @ 1.6617
no one can order the market but that doesnt meant there is no " must "
thnx brucy for ur response what about GBPJPY ISNOT THAT THE BEST JPY TEAM MATE ?
i have a simple question does all x-jpy pairs move hand by hand usd-jpy eur-jpy gbp-jpy aud-jpy i mean if i found entring opportunities in all of them which one should i choose ???
hello mister ED i read all posts of ur thread and i really like it i am starting to use it manually beside my own strategy where i will post the compination of both after testing them well together but i have a question please HOW DO U PROTECT ...