fib. expansion and retrace in forex

A mank8......

" I could be completely wrong. I may have to reverse engineer that to find out ........ "

20 is not a fib number

all emas have to be fib .
never lose sight of the theme in this thread.

this entire game and the universe is all fib.

the money line is golden, price always returns to it.

there is a 100% money back guarantee....

s

 

try an 89 ema

 

Obviously I cannot trade, only since trading gartleys have I managed to make any headway, I usually trade them on the daily and 4hr.

There are so many contradictions out there, only trade the daily (everything below this is noise) others are trading the 1m/5m/30m t/f etc.

When you find a real trader, like S, then well it is even more frustrating because he clearly knows the ropes, so you just have to listen.

I need to understand the fibs and be able to draw my own, I attach a 1m chart (I have also put thales 89ema on)?

S, can you comment on my 1m chart?

 

Targus, i would recommend picking up a candlestick book and using those as your entries (especially on lower TFs) if that's currently how you're trading(based on what's on your chart). Nothing wrong with what you're doing, however it needs to be tightened up.

If you'd like to attempt this strategy simply go back over the original posters charts and figure out what he's doing (another great way to trade the market).

It will take some time but start by learning what fib retracements and extensions are. Retracements are your entries (and DB/DT, 123 and 2B patterns). These will be your entries. The extensions will be your targets (combined with those MAs). 2nd you need to learn what indicator divergences are. MACD /stoch (trend/oscillator) will show you strength. 3rd you need to form a gameplan for the market based on it's mechanics.

 

" then well it is even more frustrating .........."


targus,

do not expect the game to be a slam dunk.

this is an exercise in knowing yourself and being able to follow technical rules.

when trading no longer has a pulse , you have arrived.....

you do not get to MBA status in 10 easy lessons.
not gonna happen.

you will have to explore your own time frame , not listen to others.......

shop stuff worxs in all time frames.......
it is global across all markets.

A man has given you some good advice.

the money line is a 174 ema.

adjust your charts accordingly........

next up, the " big dog ema line "

stay tuned.

s

 

"next up, the " big dog ema line "


Would that happen to be 1.4530 on the euro 6E??

 

S / Thales

Thank you guys, I will check these fibs out properly, no doubt will be coming back with childlike questions lol..

I made some nice pips long gbp/usd today so thats me done till tmoz gmt zone.

How is one using the ema's 89 and 174, price is trying to break through the 174 on the weekly btw.

 

Ok; can someone comment if I have the MACD zero lag setup correctly for a daily chart; if so then I will try to figure out the Rads Stochastic...

I have an 174 and 89 EMA setup as mentioned in prior posts; correct? one set is a zero lag ema and other set is regular ema..

Taking this in baby steps...

 

And here is a 2min chart with same...

 

dominic,

i hate to see struggling at any level.

here is the correct zero lag

use it right out of the box

the settings are correct.

s