SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hrs Actions on - A – Activating Event Market will meet resistance in zone @1.3225 - .... and fall to the @1.3175. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.3175 FX:GBPUSD...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance in zone @1.864 - .... and fall to the @1.79. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.79 FX:GBPAUD...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 0.6848 - 0.6893 levels and move towards the first Target 1 level @ 0.671 FX:NZDUSD Trade Management Entered @ Sign up for details...
Fibonacci BK method Practicing charts to make more accurate predictions with time. Here is current chart of GTO expecting to see drop off at .00002740 as it hits the roof of the out blue circle above.
If there was a "Falling Four Methods", this would be it but I'm pretty sure it still fits into the Falling Three Methods category. This pattern acts as a Bearish continuation 71% of the time. If you glance at the hourly chart, you'll see that momentum favors a bearish continuation as well. thepatternsite.com
71% bearish continuation. You can also see a double top on the hourly chart and it crossed below the valley. thepatternsite.com
This is my first time ever using the .618 fibs.... Please do not ask how I got these zones I just learned from a book. Future analysis will be posted. So far... these levels are mind blowing. I got these results from one swing high!!!!! Fibs are God!