They are wildly vilified and scoffed at by many - however, I have a soft spot for Fibs in the right circumstances.
This was a set-up on Crude today that I have been discussing with another trader and thought it may be of interest, in that as well as showing DWZ principles hold true as always, Oil does love to respect those lines...check out the 79.0
Daily Forex Trading
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Re: Daily Forex Trading
LeMercenaire wrote:Right on to the 50...
EURJPY.cH1righttothe50-close-9thMar18.png
hey lem where can I get the crash zone indicator on your chart?
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Re: Daily Forex Trading
forexmoney wrote:LeMercenaire wrote:Right on to the 50...
EURJPY.cH1righttothe50-close-9thMar18.png
hey lem where can I get the crash zone indicator on your chart?
I got it right here
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Re: Daily Forex Trading
the crash zones are awesome, you guys have been holding out on me lol.
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Re: Daily Forex Trading
forexmoney wrote:the crash zones are awesome, you guys have been holding out on me lol.
Nah...you just had to ask...and go on a little treasure hunt
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Re: Daily Forex Trading
Was talking about Crude there and what a nice DWZ entry long you'd have had this morning.
It's just hit the 50 and turned, so if you were in, you'd be looking to manage things but still a nice move to wake up to.
It's just hit the 50 and turned, so if you were in, you'd be looking to manage things but still a nice move to wake up to.
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Re: Daily Forex Trading
LeMercenaire wrote:Was talking about Crude there and what a nice DWZ entry long you'd have had this morning.
It's just hit the 50 and turned, so if you were in, you'd be looking to manage things but still a nice move to wake up to.
CrudeOILH1niceDWZlongatOpenbutnowhit5oandturned14thMar18.png
The retrace has almost hit its own 50 now, so may be a chance to add in coming.
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Re: Daily Forex Trading
LeMercenaire wrote:LeMercenaire wrote:Was talking about Crude there and what a nice DWZ entry long you'd have had this morning.
It's just hit the 50 and turned, so if you were in, you'd be looking to manage things but still a nice move to wake up to.
CrudeOILH1niceDWZlongatOpenbutnowhit5oandturned14thMar18.png
The retrace has almost hit its own 50 now, so may be a chance to add in coming.
The retrace played out almost perfectly...
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Re: Daily Forex Trading
EJ getting set for...something...
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Re: Daily Forex Trading
LeMercenaire wrote:EJ getting set for...something...
EURJPY.cH1oooh-ayeee15thMar18.png
I completely missed that beautifully simple drop out of the small add-in Supply Zone, as I was spending my time wrangling The DAX all day. Oh well, lol.
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