Disliked{quote} Strading could you please contact me by PM.... YOUR PM is not activatedIgnored
Request for a little bit of help with some Broker info - MT4 49 replies
A little more give back 20 replies
Does an EA license Give You the Right to Give Signals? 2 replies
Give me premise or give me death.... 15 replies
Are charts a little bit deceiving? 9 replies
DislikedNut can you explain why you used that level the 0 level to draw the fib in post 288. It seems to be in the right place, but im curious because you choose a level that for me could easily passed unnoticed, i would probably look for the 100 or the 38 level because there appears to be some support resistance there and if i did that i would end with the fib draw in the wrong place.Ignored
Disliked{quote} I cant because im still a junior member but i can contact you when i become a regular member, try again later in case i forget to contact you.Ignored
Disliked{quote} This is my own interpretation of Fib's. I adapted the model of the golden mean to fit my needs as this relationship is mathematically correct. Regards NutIgnored
Disliked{quote} I believe there was a book that described this very fib relationship by Ed Dobson several decades ago (~1994) titled, "The Trading Rule That Can Make You Rich". I never could figure out how to apply it, so thanks for your posts Nut. WatsonIgnored
DislikedLet us try to clear this up using a one hour chart. Step 1 Choose a point for a datum Step 2 Place your fibs by measuring from the low to the datum. Step 3 Place another datum on the 61.8% Step 4 Set your fib to measure to that 61.8% Continue to walk up the 61.8 levels and eventually you will hit support/resistance. When choosing an initial datum I find from the last low to the last high works well. {image} {image} {image} {image}Ignored
DislikedThanks for the reply Nut, just one more question to see if im seing things clear, lets use the example in the video in post 151. There is an uptrend and you keep placing your golden mean levels, at some point price fails to go to the next golden mean and finds resistance at 38.2 level and support at the previous golden mean level. Do you from here assume that the up move might be over and that the move is completed 61.8+38.2=1 and that if price breaks the previous golden mean to the downside could be a strong indication that the move is indeed completed...Ignored
Disliked{quote} Hi Nut, do you have a strategy around this method. When price crosses a 61.8 and you move your datum are you looking for a pullback to a fib level and taking a trade in the direction of the trend? Or are you just looking for a reversal at the 38.2 to take a trade in the opposite direction?Ignored
DislikedThanks with a new approach 1.I trade the daily time frame should I consider Elliot Wave,weekly tf and monthly tf? 2.Can I use the method in the ranging market? 3.Am I right to say the stoploss is placed above/below 38.2% and my first entry is the break of my datum The aim of these questions is not to be spoon fed but for clarity reasons to make sure the understanding is the same or not wrong use the method. ThanksIgnored
DislikedThanks with a new approach 1.I trade the daily time frame should I consider Elliot Wave,weekly tf and monthly tf? 2.Can I use the method in the ranging market? 3.Am I right to say the stoploss is placed above/below 38.2% and my first entry is the break of my datum The aim of these questions is not to be spoon fed but for clarity reasons to make sure the understanding is the same or not wrong use the method. ThanksIgnored