It can be but remeber that indicators are based on whaat price is showing all i see is resistace at high and support at the intraday long and see it like a range....

Fibonacci Trading with Bobokus

I believe he is thinking this because right now price is bouncing between the high and the intraday long. Its in a range so he expects to play the range.

Fibonacci Trading with Bobokus

EUR/USD — In the daily chart price has comed up to major resistance at the 5800 area... Also price hit its intraday today during the london session and then reversed. I have removed my intraday fibb since it has no purpose anymore and I am ...

Fibonacci Trading with Bobokus

GBP/USD — BO I see the market is bouncing between intraday high and intraday long...sine you already got taken out is their any way you would reenter if support holds again. The reason I am asking this is so that i know when its not worth ...

Fibonacci Trading with Bobokus

Momentum is changin when you start braking previous candles high if you are going long and prior to that it was coming down... Also it proves that support was found on the intraday level....This is what i believe....And you whant to take the trade ...

Fibonacci Trading with Bobokus

GBP/USD — Price has Broken the previous candle high thats a good reason for a long....I missed it though I believe i should have placed a buy stop in the previous candles high.

Fibonacci Trading with Bobokus

Bo — Bo so you wont see the brake of the high as a failure to stay above it?.. I will fix my picutere in my previous post...

Fibonacci Trading with Bobokus

GBP/USD — As we can see price had an attempt at the high and failed to stay above ....Now price has come down to our intraday long and has not proven to show support since price has not stopped since we still have bearish candles ...right now ...

Fibonacci Trading with Bobokus

GBP/USD — Bo does this swing have to anything with it stopping it. I have been Looking at this swing since Friday and have been afraid of taking brakes of highs. Let me know what you think and what Importance you give to it... image

Fibonacci Trading with Bobokus

BO — Here is a couple of examples of how i think is that you would place the LGC. Please confirm me if this is right BO. First Chart USD/JPY The Arrows are the location of the Points that i place the LGC image Second chart USD/CHF image ...

Fibonacci Trading with Bobokus

Bo — I have a question on the linnear regression....Is this right its very similar to fibbs...You can place a linnear regression channel from a high and a low like we place our intraday fibb. Or place it from the bigger high and low just like ...

Fibonacci Trading with Bobokus

GBP/USD — Price has rejeted th high forming a triple top at a dowtrened pivot plus the end to a larger movement has occurred near the high that makes our levels a bitt weaker . Also if price does begin to come back to the intraday levels price ...

Fibonacci Trading with Bobokus

EUR/USD — As for eur/ usd i missed the retracement since it was an early movement but i also did not take the brake of the high since it was in the same scenerio as the gbp/usd and it did not make the pullback deep enough into the inner ...

Fibonacci Trading with Bobokus

GBP/USD UPDATE — Last night i took the short on the gbp/usd and woke up to have my target hit it at price 9833 since i whent for t2 for the target of the swing since i was going to be sleeping and did not whant to be exact to the intraday ...

Fibonacci Trading with Bobokus

Bo — Thanks ....Thanks for the new tool...can you explain to me what made you take this trade short and what makes you believe those swings of support wont push it up..? Whats your thinking procces before taking the trade what convinced you ...

Fibonacci Trading with Bobokus

GBP/USD — Lets say price closes in this formation would that be a sign that price has found support....and how do you decide to hold your short or not. Or do you put the odds in your head and that is that price should make a better ...

Fibonacci Trading with Bobokus

GBP/USD — I have now pull my swing fib down to the next support and will see how price holds here....Also the other thing i like of the short here is the double top we had at the intraday high...Also i will fallow my trade with my swing fibb ...

Fibonacci Trading with Bobokus

GBP/USD — I have taken a short on the break of my swing fibb since I am expecting a retracement to my intraday levels or something of such....This trade is treated like a scalp and will guard my pips...The other reason i took it was because ...

Fibonacci Trading with Bobokus

EUR/USD — EUR/USD keep in mind that acouple of pips above bigger swing concludes and this is at price 5783...Today I will not be taken the break of the high due to that fact unless we get a bounce of my inner levels of my intraday swing(light ...

Fibonacci Trading with Bobokus

EUR/USD — EUR/USD keep in mind that acouple of pips a bigger swing concludes and this is at price 5783...Today I will not be taken the break of the high due to that fact unless we get a bounce of my inner levels of my intraday swing(light blue ...

EURUSD