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This forum has some great information. Thank you for all the information. I am a begginer at the forex market and you guys have helped me a great deal in learning about all the signals. I have done a little reading and have found that the Fibonacci methods have a great deal of merit. Does anybody here have a system set up to use Fibonacci Retracements or a Fibonacci Convergence?
Hi Reverend, I agree this forum has some great information. You might find some fibonacci information here by inputting it into the "SEARCH". You also might try forexfactory.com for some fibonacci techniques as they probably have quite a few. Lastly you might also consider Neil Hughes at fibmarkets.com Hope that helps. Golden
Quote:
Originally Posted by Reverend
This forum has some great information. Thank you for all the information. I am a begginer at the forex market and you guys have helped me a great deal in learning about all the signals. I have done a little reading and have found that the Fibonacci methods have a great deal of merit. Does anybody here have a system set up to use Fibonacci Retracements or a Fibonacci Convergence?
TOday if you put SL above the pivot point, you will lose for sure before you get your profit
Interesting pic. It looks very much like that entry was a nasty fakeout. I got the same trade today as well, but as I watched it, it became clear to me from also looking at other pairs and my stoch (5,3,3) that there wasn't any strength or reason for the trade to enter so I closed it out at +2 pips.
You can't just follow it blindly. When your trade enters whatch it carefully. If you can see the market turn, or you don't see enough strength in the movement to carry it to target, close it. Even if you make just a few pips. Making 1 pip is better than losing it.
just great. another day opens inside buy area...
Can somebody please post here a piece of the code to turn pivot into daily open? I already tried to re-calculate it myself and ended up with SL. I found out that I opened my position when it was way too soon for that.
PS: can Dolly EA make consistent 5-10 pips daily? In theory, if we add a pack of indicators for filtering out false signals and for closing the position.