fib. expansion and retrace in forex

Discussion in 'Forex' started by shopster, Jul 8, 2011.

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  1. DT setup

    second hump is smaller
    therefore a diverged second leg.

    if this is a short setup.........
    you want the histo bars to keep getting shorter and go negative

    which they do.

    s
     
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    #241     Sep 6, 2011
  2. triple top short setup

    second leg already has the histo bar at zero

    cork above water.....

    massive diverge.

    s
     
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    #242     Sep 6, 2011
  3. long setup

    second leg has histo bar at zero

    diverged.

    cork under water.

    histo bar goes positive

    price pops up

    s
     
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    #243     Sep 6, 2011
  4. long setup again.

    second leg has histo bar at zero

    diverged.

    cork under water.

    histo bar goes positive

    price pops up

    then ............" higher highs and higher lows........."
    do not short it

    see the histo bar false signal on the right side......?

    s
     
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    #244     Sep 6, 2011
  5. 2 hump
    long setup

    then higher highs and lows.

    ..............................................................

    2 short trades on this pic

    where are they and why.......?

    s
     
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    #245     Sep 6, 2011
  6. I thought to be under water the histo had to be north when the price was showing a double bottom?

    ES
     
    #246     Sep 6, 2011
  7. it can be north or or right at the cross point

    most are pointing north already on cork under water.

    imprtant thing to look at........

    is the histo bar going in the direction of your trade

    is it confirming ...?


    s
     
    #247     Sep 6, 2011
  8. TY

     
    #248     Sep 6, 2011
  9. as to your earlier questions/ quiz... (this is very helpful).

    There obviously is a double top starting at around 15:30...but I am not sure what the histo is confirming?

    I cannot see the other short...

    [​IMG]


     
    #249     Sep 6, 2011
  10. the trade on the left side was a .76 second leg retrace

    the histo is already neg.
    a short entry

    you lift your short at a fib extension

    the trade on the right was a trick question.
    there is no confirmation.

    glad to see someone is awake.........:)

    s
     
    #250     Sep 6, 2011
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