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leo2006 replied Jan 23, 2007Eur/JPY reached it 100 fibo level!
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 23, 2007hi all, GBP/USD has reached 127.2 fibo level!
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 23, 2007pls go to page 7 #102... u'll find out there... Leo
Mouteki Updated. Check this out!!!
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leo2006 replied Jan 23, 2007Hi erko, U have to be patient..
Sometimes u wait for a week or maybe in a matter of hours. Still u have to be patient... Some of my pairs went against me a couple days ago. But now, they are with me ( heading for the target price ). I wait for a ...Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 23, 2007HI suntrader, Yes it is on Sunday. It's just a coincidence. I dont actually look for what day i should put my fibo. 76.4 fibo to 100 fibo ( or 76.4 to 161.8 fibo ) means Generally, it happens like that. 50% to 61.8% this is probably too. Actually ...
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 23, 2007Wew, thnks mate ! I think u are using A fibonacci Convergence or Confluence, which i havent pay full attention yet
It's very good that u're mastering that. I love the trendline which u have drawn. It is actually a pattern also, that usually when ...Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007Thnks!
However, I need feedback here... LeoCandle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007Hi erko... Lot of questions u have there!
OK, i'll answer one by one : Can I ask, do you consider that pattern to be established? I was also wondering how many candles do u want to see on a chart when searching for formations. - Always check for ...Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007Hi there, I’d like to give u an example of EUR/JPY daily. I give numbers on the chart : No.1 This is what I call ‘Evening star’ because this candle stands above the candle no 1a and no 1b. Evening star is a Trend reversal candle. No.2 This is the ...
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007Hi there, If you use fibonacci retracement from Metatrader, you can get those numbers automatically set on fibonacci retracement once you pick them.
Go to : Insert - Fibonacci - Retracement. Left click on your window and pull it on your way... For ...Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007Hi Hanz, Lower time frame? I prefer not to pick this one.
Though i've gained several pips from this. The matter is, the chart is too short to see the actual movement/trend/pattern. While the longer time frame, shows u a lot! Shorter time frame ...Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007GBP.USD tends to LONG — It's me again... Hope u, guys dont get bored hehe! This is the latest GBP/USD. I've put LONG since last week. The price has been Up and DOwn. Anyway, it is back on the uptrend in the end. If it succed pass the 100 fibo, ...
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007USd.JPY goin UP! — Ok. Usd.JPY has penetrated 127.2 fibo. Next stop, will it be 161.8 fibo?? Let's see.. LEo
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 22, 2007EUR.GBP this week! — Hi all, Just wanna share this latest trade of mine... Will it reach 161.8 fibo? This is called 1,2,3,4 pattern.. Leo
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 21, 2007Hi Hanz, I think you should try daily or weekly. U can catch many pips from these Time frame. The key is Patience. The pattern can also be read and more obvious. Anyway, i've tried on lower time frame. And it works too. U have to practice by virtual ...
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 20, 2007Hi wan Grunge... A shooting Star ( BEARISH at TOP trend ) is a TOP candle which indicates a trend reversal. So far i've noticed, the body of a SHOOTINg star must be above the body of the previous candle. And the shooting star only has UPPER wick ( ...
Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 19, 2007Hi there... I found a valuable data from other thread bout fibo.. url Hope this would help. One more thing, i'd like to say that GOOD mood is needed in this business.
So, in order to maintain my mood, i often hear Musics which cheers me UP, ...Candle Stick Pattern & Fibonacci Retracement
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leo2006 replied Jan 19, 2007Maybe it is somekind of observation.
If you backtest this '76.4 to 161.8 fibo' , you will find significant data there. Well, i guess it does not happen always. It often reach 100 fibo or 127.2 fibo. Like i said, if there is no great signal ...Candle Stick Pattern & Fibonacci Retracement