This is a continuation of my previous published Charts - Check links below... A portion of Larry Pesavento & Leslie Jouflas work. --------------------------------------------------------------------------- Covering Fibonacci Retracements Entry Patterns; Fibonacci Retracement Entries; Fibonacci Retracement Pattern Structure; Trading The Fibonacci Retracement...
Some basic "guidelines" about Elliott Waves. I hope that somehow help to understand how the market really moves. This is an "update" to my previous published educational chart about Elliott Waves - link below Safe trades;
I have not posted here in a very long time but I know a lot of you have been asking me to start again. If you have a desire to see more from me here let me know.
USD/JPY - H1 - 2618 Trade Explained Having had a double top and now approaching a retracement back into the 61.8% Fib level, we can now look for reasons to short the USD. Unlike patterns we can't just place BUY or SELL orders in advanced. Once we have completed the rules of engagement below, we are looking for confluence within a certain area that all...
This is a study of how I like to use the Fibonacci Speed Resistance Fan to help predict future price movement*. While it's not difficult to notice the strong connection between the fan and price movement, turning that into something tradable can be much more of a challenge. Although there are undoubtably many opportunities, this study focuses on two potentially...
Many charting tools require a proper scaling of price / time. This is the method I'm using to scale my charts if needed. 1) Draw a rectangle somewhere on your chart 2) Set it's coordinates to 1:1 So if the price coordinates are 300/350 , set the bar (time) coordinates to have the same difference of 50 in this case 3) Draw a "Fib Speed Resistance Arc"....
You can use it for different things. my main use for it is to project targets based on impuls legs. not always will price follow the AB=CD target. instead it often reverses before reaching point D. This tool can help you identify alternative targets. Technically speaking the shown example of usage isn't called a fib extension but a fib expansion. you can get fib...
You can use it for different things. my main use for it is to project targets based on impuls legs. not always will an ABCD pattern have the AB=CD 1:1 ratio. CD will often be in a fib ratio to AB like indicated on the chart. using the tool you can find different levels quickly and even set your own custom level values. You can find it in your drawing toolbar by...