Never Lose Again

[***FX-JEDI***]

deleted double up..

[***FX-JEDI***]

FX-JEDI

Thanks for your post at 7.54am this morning. On the H1 chart, what was your thoughts so far as using the third lowest low as the 0.00 line of the fibs rather than the lowest low on the chart about 19.00?

Thanks,
Patch

Hi Patch.

sorry for late reply
i've missed a few days still away camping,
so got a bit of reading & studying to do..

If price is making new swing HI's then I pull fibs from the
most current swing HI down to the the next swing LO,
you can keep pulling fibs down to each swing LO but keep the same HI,
then look for fib convergences where price may retrace down to. see pics

[deeforex]

Drawing angles using "Trendline by Angle" Tool in MT4. When I scale (zoom in/out) the chart it seems the angles remain the same.



Lis

Hi Lis,

Thanks for all the indie mods that you have made and charts/commentary you have posted!

Yes the angles remain the same when you use the "Trendline by Angle" Tool on different TFs but the slope of the line will no longer follow the movement of the price when the scale changes. You can test this out by drawing a box, manually draw the 45* with the Trendline tool and then use the "Trendline by Angle" and draw one next to it at about 43* (different color), change TF and you will see how different it is.

thanks again for all your posts!

dee

[***FX-JEDI***]

got in at daily Z line as expected... up 26.20 pips love it....
now 36 pips...

[deeforex]

It is difficult just to teach people how to construct a Diamond of Perception.
The first rule is that it is put together using a major angle (45* using this square method).
Then after it is constructed the scales can change and the major angles that you saw working so well on the last scale are then carried over to the new scale.

I was less than happy with the margin of error when drawing an angle between sharps and flats so I did it right by completing the fibo and using the same numbers between 0 & 1 for the Fibo TimeZone tool.

Construct the major angles first and then add in the sharps and flats using the fibo/fibo tz:

I can see you doing already, but it is no difficult:

Thanks for this new way with the Fibo Time Zones.

I was just playing around with the boxes to see if they're the same kind/size of boxes that capture corrections (that you talked about a while ago). Based on that I created this chart. I don't know if this is where we're headed but wow! there are some patterns going on here.

[Patch]

FX-JEDI

Have a great time camping! Where abouts are you camping? Are you stationary or backpacking?

Great posts, and very helpful explaination. Many thanks, Patch

[aVi]

As soon as we start to figure things out, MO shows us how much we still have to learn. Running the risks of complete embarrassment, seeing as I still feel a bit clueless about this, here is my first attempt. Don't laugh. You may point, just don't laugh...




...I'm off to see the wizard.

[***FX-JEDI***]

FX-JEDI

Have a great time camping! Where abouts are you camping? Are you stationary or backpacking?

Great posts, and very helpful explaination. Many thanks, Patch

Thanks mate..

yeah am mate, I am close to home only about 15min from home actually, on the beach at stockton caravan park, have only 2 hrs of free wireless internet from the park each day, been here 3 weeks. go home this weekend, after my little girls 1st birthday party on sunday, but her birthday actually on monday 10th.
I rebuilt a 17ft 70's model caravan from the chassis up, so all brand new, gloss white inside and out..lol, but just old school...lol closest thing I could get wife to camping...

got out of trade with 34 pips got out bit early, then was going to short it down back to 1.4300 but too tired & past it up...

nite all..

[retireme]

FX-JEDI

I rebuilt a 17ft 70's model caravan from the chassis up, so all brand new, gloss white inside and out..lol, but just old school...lol closest thing I could get wife to camping...

Consider yourself lucky, my missus thinks a caravan is slumming it...

[Patch]

I like sleeping in hotels or vans. The ground has gotten harder over the years. My wife loves going out camping, even to the point of tents and sleeping on the ground. jb