free & uncensored discussion arena for TheRumpledOne
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I am sorry Mightyone, but I still dont understand. I am really having a blindspot. I think I might be the stupidist person in here, as I am not getting it at all. When I think I am getting somewhere I then start losing all the time. I need it to be clearly spelled out, because I am obviously not getting it.
johny wrote:aliassmith wrote:
I for one am glad that you (MighyOne) have come out and shared your
insight. Zeroline logic/Rat(before there was even a name for it)/Fibs are
the key components in my trading.
Congrats on your successful trading journey.
How do you incorporate Fibs into Zline logic?
Can you please post a chart or two of the trades you took ?
I question the need for Fibs when trading. The thing is I observe many
strange "coincidences" with price repeatedly interacting at the same
ratios when it comes to price ranges.
If one is to use Fibs, then I would suggest looking for confluences with
typical S/R and zeroline logic.
Sorry, I don't have a chart. I don't make pics much anymore.
PS: Fibs can be used in many ways, play around with them. I see
Dragon33 uses them for only the 50% mark. MighyOne uses them
as a modified mesuring tool.
Trade Your Way as Long as It Makes Money!
IN-XS wrote:Adaseb, nice trading I cant seem to pick a winner at the moment, dont know what I am doing wrong. Could you simplify how you take you trades, because I think I am going blind.
Yeah here I explain it a little bit.
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IN-XS wrote:Thanks Adaseb, so do you mark up the momo from the 4H first and then trade between those areas on the 15m or 5m?
Yeah just use the H4. You will have the most success this way. And only enter when you get reversal confirmation on the M15. Use the 1/3,1/3,1/3 entries.
Remember this doesn't always work the first time. Hence why sometimes my first 1/3 gets a ugly -20 pip stop. However since you are using the H4 you can easily get 50+ pips this way on your full position. The R/R is greater.
I look at the daily but not as much; I was just adding something to MO's daily chart of GU.