Thread: Live Trading analysis

Originally Posted by ;

Correct if your green fib amounts don't support price you'd look for it to check the prior daily lows again, a break there and the bottom could fall out again. If that occurs then you switch to promoting the rally's. Until it yells. The procedure repeats over and over again. Driven by the current economic conditions which exist between the united states and UK market's.

Dude you are the guy...I will keep in touch and put my charts up to what I think is right...I am planning to go and set up a chart for on my flip tread they're asking for. . .and keep in touch...I will put up charts on my treades....if you visit me put them wrong. . .please inform me and fix me. .

Originally Posted by ;

AWSOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! When green fibbs fail would you take it to the low of this green fibb..or are you afraid of yellow fibbs. . .since you understand price whants to continue using its trend?


BOBOKUS you are the guy...

Correct in case your green fib levels fail to support price you would look for it to examine the previous daily lows back, a rest there and the bottom could fall out again. If this occurs you then change to selling the rally's. Until it yells again. The procedure repeats over and over again. Driven by the current economic conditions which exist between the US and UK economy's.

AWSOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! When green fibbs fail would you take it into the low of the green fibb..or would you be afraid of yellowish fibbs. . .since you know price whants to continue with its trend?


BOBOKUS you are the man...

Correct, your yellowish fib there has already demoned that is levels were honored and now we have the following bounce from that to test resistance levels (your red fibs). On your 1 hour chart the green fibs will be what will let you know if the transfer up will continue once price retraces and evaluations its own levels if they grip price will continue back up again if they fail price will try to return into the downtrend. Just keep pulling the high of your green fib on the 1 hour chart until price finally retraces and youll have the chance to buy into this up move again or sell it if the levels fail.The envelope is only for a referrence to price verses its ordinary of whatever you have the envelope set into, basically a moving trendline.

This is my daily chart for the gbp/usd fibb setup...




What I expect would be to find some ristance on those red fibbs. . .but overall price should keep on going up since the major trend is bullish. . .so if anthing price may return down but need to find support at those fibbs that is yellow on going up, and keep. . I will now post the 1 hour chart seperate including all the fibbs. . .and explain how I see that the market. . .hopefully iam right lol. .


Here what I notice is that price is hitting on a 38.2 of counter trend. . .based on this iam anticipating price to coe down and meet some support on green fibbs. . .when price gets there a fibb that is counter would throw to this fibb right that is green?

But beside that if price does come down and meets up with a green fibb a starts to go up it may be a good I dea to take profits near red fibbs since(I presume) price can get some consolidation becuase of the . .hope I am . . .let me understand. .



Total price should eventually keep on pushing up. . .and break the red fibbs. .
Also price has a bullish opinion since we're in the other side of the river...

At this stage the Euro is going upward and selling could be counter tendency and handled as scalping trades only back to the service levels below it in which you'd seem to go long back from there.The stronger this upward move in price is the less it will retrace. The amounts above it from the timeframe type fib have to seen as goal points as you will see price retrace from these factors many times back to the service points below it.
One chart below shows the service or buy points
Another shows the resistance to price.

1 Attachment(s) Hey bud. . .this is that million dollar question. . .In my chart would you wait for price to leave the yellow circle. . .to enter long....

Second question woul you wait for price to close under reddish circle to shoot it short...

Or do you wait for price to leave blue cirlce....

You see if this happens I freeze up. . .because I feel like every may quit moving one way or the other...

allow me to know if I clarify my question in-depth...

Entries are being given by me to the market with this forum on daily basis. .

https://www.forexforum.co.za/general...ount-size.html

new thread....

Https://www.forexforum.co.za/trading...s-15-mins.html

I give entries to the market here...

What is the overall tendency for gbp/chf, and please propose entry points for trade. Thank you