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Any fibonacci experts?
Started Jul 25, 2014|Trading Discussion|2 repliesAre there any traders here that can provide some analysis as to how they trade fib ...
nvm it was off that gbp news at 4:30. Just now checked my charts after being off for a couple of days lol
did i miss something? I don't think there was any news. Why did gbp go down so hard??
looks like I got the renkolivechart posted above ^^^ to work. Why are there wicks though? Wouldn't those be new renko bars instead? That's one of the points of renko bars isn't it to not have wicks..?
why can't i get it to work!! i open the offline chart and it's just blank with some vertical gridlines
he won't explain it because he can't because not even he believes in what he's doing.
yeah it's a pretty shitty strategy and his rules WILL result in losing. I guess he really has no rules then, which makes the whole point of his system and his persona irrelevant
I agree with you over 2 things. the ambiguity surrounding his strategy and the 70% to break even with a terrible r:r. I confronted him about this on his thread as well and he didn't say much, I didn't bother.
It doesn't suit my personality.
they wouldn't unless it was faulty or only works during certain times and other times can kill you if the market moves differently
Are there any traders here that can provide some analysis as to how they trade fib ...
pretty much proves the marketmakers (banks) can shit on fundamental data anytime they want to
Probably, I know it was overdue to come down though, I'm only going with a retest of the 700-730 area, idk if it'll be able to even break the pinbar, it's pretty strong, but probably a retest as I said around that area.
The manipulation was strong before bringing this back down with only usd and cad news the rest of the week theres no reason not to think it will be pushed back down to atleast retest that 700-730 area. The doji is strong on the h4, they really ...
think it'll retest the area again one more time atleast, still some room to even push below it again to take out that level at the bottom of the pinbar