I mean it's hard to draw Trendzone- sloping rectangel.

The Fibonacci channel projections (FCP)

It looks like "TradingZone"- similar with horisontal S/L zone. It's hard to draw it in MT4. For breakout upper border is valid; for rebound- lower border. image image

The Fibonacci channel projections (FCP)

Probably we are talking about very similar things. I found that pennant with triple RD is a very good setup. Especially in the direction of tha main trend: we have 2 HH and 2 HL on H4: image

The Fibonacci channel projections (FCP)

Hi guys! It looks like the base of FCP is a pennant or I am wrong? image

The Fibonacci channel projections (FCP)

Is this righr FCP: image

Hidden divergence

As I understood about FCP: it is a trendline break and retest it with Fibo levels involved. In simple words

Hidden divergence

Did you use FCP to enter the trades?

Hidden divergence

USDCHF: RD: image

Hidden divergence

USDCAD: H1-HD, M5-RD: image image

Hidden divergence

Inthebox, how big is your stops for M5-M15?

Hidden divergence

Just Shorted GBPUSD: RD on M5, D1-H4-M15-> HD: image

Hidden divergence

Here is interesting thread by pro daytrader: url

Hidden divergence

GBPCHF: D1-HD; H4-HD is forming-> pair to watch: image image Same story with GBPJPY and GBPUSD.

Hidden divergence

Here is helpfull indies for daytrading. May be somebody will use it: file file Simple EA for trailing orders: file

Hidden divergence

USDJPY s following nice channel->shorts are going to be good: image

Hidden divergence

Is this a good setup: image image

Hidden divergence

Actually, several AUD-NZD paires are in the same mode. NZDUSD is good as well: image

Hidden divergence

Similar story with AUDUSD: image image

Hidden divergence

NZDCHF is interesting: D1-HD; H4-RD, then HD is forming: image image H1- perfect RD: image

Hidden divergence

Probably you are right. I do not do Daytrading usually... What is the best time to trade that way? London-New York sessions?

Hidden divergence