yo.duh.5

Just clarifying something...

FX:USDCHF   U.S. Dollar/Swiss Franc
32 10 0
nope
sky2020
2 years ago
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sky2020
2 years ago
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sky2020 sky2020
2 years ago
DId i understand you correctly? Thanks for your help.
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yo.duh.5 sky2020
2 years ago
Yes that is exactly it.
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sky2020 yo.duh.5
2 years ago
It makes more sense now...Is this how you interpret from the 2618 video training.? or did you ask Jason directly?. I replayed 59th- 105th minutes of that video many times but it doesn't seem to have a clear rule on that.
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yo.duh.5 sky2020
2 years ago
He never specifically defines the HTF retracement, but it is inferred in the 2618 video. Same as the distinction between a consolidation channel and an LTF retracement to determine the double top/bottom. If you've followed him long enough and studied market structure this is all understood.
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sky2020 yo.duh.5
2 years ago
I have another question. CHeers
2618
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sky2020 sky2020
2 years ago
Sorry...it seems that the chart is not scaled properly. Please click on the 2618 link above the reply button for the full chart. Cheers
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sky2020 yo.duh.5
2 years ago
Thank you very much as it clarifies a lot of things for on the 2618 strategy. Before this, I was trying make some sense of the redrawing of the fibs levels when price creates a low. I came out with a rule where 0.618 levels has to be in the double top(ie between the two tops and the structure level(green line) or at least on the green line for 2618 to be still a valid trade. Do you have such rule?

PS: this reply should have come before the chart. =)
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yo.duh.5 sky2020
2 years ago
I do not have such a rule, but it does make sense. I will have to consider that when I'm coding the 2618-EA, and test with and without it to determine its effect on the strategy. Good observation!
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