If this is B to C our target will be around the 1.2850 area. Draw your FIB from B to C and the target area is usually the 127.0 to the 161.8. This premise now cannot be ignored until price continues to creep upwards and exceeds what we now lable as ...

The Student Handbook

Exactly to the 78.6!

The Student Handbook

Really don't track it too much, but if I had to average it - it would be 2 trades a day. Remember we don't live in the past, we think forward and never worrie about such things! Your most important trade is your next one

The Student Handbook

Very interesting! Take a hard look at this chart (1H). I've marked it up for you and use it as an example that things change, and all is not hard coded. Speculation: have we truly just completed the B to C leg? Was what I thought to be X really A? ...

The Student Handbook

Also one last point - I know I am ranting but this is how I trade. Notice the RSI getting ready to tag 70 on the 1H. When it does that and if my stop has not already been taken out, depending on what candle forms in conjunction with the RSI at 70, I ...

The Student Handbook

ok - I drew a fibo from B to C and did not like what I saw. Price has already exceeded the 127.0 level of the B to C leg (actually it is pushing the 261). So hopefully I am not seeing the beginning of a pinbar - but time will tell. I literally have ...

The Student Handbook

ok - move your stop to Break even and breath, the risk is gone. If you get taken out on the BE - no worries there are other opportunies. never enter twice in the same candle (my preference)

The Student Handbook

Now is the time I shock you with my trade management. From a trade perspective, my goal is 10 pips per day. I can tell you that for this trade, under my normal trading conditions I would have also placed a TP at 5 pips, and have already banked half ...

The Student Handbook

Does anyone else see an inverted head and shoulder pattern on this chart?

The Student Handbook

Now we look for an opportunity to remove the risk.

The Student Handbook

And we are in long

The Student Handbook

Please post a chart

The Student Handbook

Lion King - the thing with the TPL file is if you were missing indicators on your platform, I am not. using your TPL file does me no good because it looks fine on my station I cannot help you unless I can see your chart. Please post a chart

The Student Handbook

Damn I can't believe I left this out. Bill Williams Fractals. When price crosses through the alligator mouth you look for the first fractal to form OUTSIDE of the alligators mouth. The absolute strongest and best opportunity for a buy or sell stop - ...

The Student Handbook

Uh no sir it isn't. it is an excel file, a file that I never download from any forum (due to macros). I need you to post a chart please.

The Student Handbook

On to the 1H. Further confirmation that short term bearish retrace is still being contemplated draw your FIB from A to B. It is apparent to me that B to C is being formed here as well. Notice also my buy stop from the 4H premise matches nicely with ...

The Student Handbook

And please ignore the sell stop on the chart. That was a premise from yesterday and purely speculation. it is now deleted

The Student Handbook

Post your chart brother

The Student Handbook

now to the 4H and a little confirmation (love it when a plan comes to together). A look at the attached chart shows also (first notice the bounce off the 200 - LOVE that MA!). A quick draw of a fib from X to A (A being the bounce off the 200) begins ...

The Student Handbook

Ok - let's kick this thing off. Looking at the daily time frame we can see that yesterday's candle closed pretty bullish. The RSI is sitting squarley on the 60 indicating a moderatley over bought pair. What I key on here for the RSI was it crossed ...

The Student Handbook