You must have misunderstood. I don't think trendlines are reliable, let alone a strategy by themselves.

The Fibonacci channel projections (FCP)

This user probably left, but you probably don't have access to level 2 data, so what's the point making these statements. We only have candlesticks to go by, and our trading plans and strategies are based on them.

Ratios & Harmonics: a Different Way to Trade

That's exactly what I mean.

The Fibonacci channel projections (FCP)

In all honesty, this is a load of hogwash. You are trading a trend line break using fibonacci to manage your money, it's not a strategy, it's a money management system.

The Fibonacci channel projections (FCP)

Let me tell you what I know from my own trading. 1) The market is not manipulated. 2) Fully automated algorithms are less than 50% of the forex market. 3) Price moves because of supply and demand. 4) The first few hours of the london session usually ...

Real or Algo

How do you base where you place the 0 and 100 fib levels?

The Fibonacci channel projections (FCP)

All supply demand trading is the same, there are no strategies in general. Just levels of interest. You add a tweak here in there about confirmation or PA and claim it's yours, but it doesn't change.

Sam Seiden Goes DOWN

I think we all know why USDCHF is going up.

USD/CHF

image 40 pips still running

Best Trade, Worst Trade (weekly)

How does a pattern use this combination start? A projection or a retracement? Does that mean a combination that starts with retracement is chained to a previous combination where the outcome was that very retracement? Also I don't see how deep or ...

Ratios & Harmonics: a Different Way to Trade

Explain to me the concept behind mirrored harmonic patterns. I've seen some of those, but they are a bit confusing. Like for example, a mirrored gartley pattern, where the DC leg is the first leg on a 78.6 retracement to an upcoming XA leg. Have you ...

Making Bank: The Harmonic rhythm of the market

Give me a source so I can understand more fundamentals and interest rates.

EURUSD

First of all, take this trade at your own risk. Second, yes the green arrows are places where price will likely reverse and go north, since this bearish move is nothing more than a correction. The real trend is bullish on the weak dollar. The 0.9130 ...

AUD/USD

AUD/USD looks bearish now as a bearish bat pattern just completed. Targets to take profit are the four Fibonacci levels. Scale your positions accordingly. If I had to bet, the 61.8% (0.9130) level seems most likely.

AUD/USD

After we've seen dollar weakness from the previous FOMC no taper announcement, it looks like EUR/USD still has some bulls left before the next meeting in December. Price looks to retrace a bit after strong momentum reaching overbought state, ...

EURUSD

Monthly: image Looking at the monthly chart, Gold definitely took a big hit in 2013 after last September's QE. And with a taper around the corner, looks like it's time to buy the dip. This is one of my favorite breakout patterns, a symmetrical ...

All Majors and Gold

5th Elliot-wave complete, as per AB-CD pattern. CCI(11) shows promising bears. Will price retrace from here or reverse? I'm betting on the latter for now.

Cable Update (GBPUSD)

A bearish Crab and an AB=CD are almost complete. The pattern reversal zone (PRZ) is estimated to be in the range of [1.5900, 1.5980] according to harmonic coordinates and resistance lines. You could either short at 1.5980, or when CCI(14) breaks the ...

Cable Update (GBPUSD)

The incident in Syria has left the dollar in mixed sentiment, although dollar strength is anticipated very soon. Claimant Count Change and unemployment rate in GBP has given it enough power to break resistance, targets for reversal have thus ...

Cable Update (GBPUSD)

No one is selling at this point, it's evident because price is pretty static at the moment, market will most likely go bullish from here.

USD/CAD