I am not certain but I think it may be wrong. The point of the expansion is to maintain the ratio 1.618 : 1

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Absolutely spot on, could not have done it better myself. Now make lots of money Well done

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Will leave this running all day lets see what happens

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The set up Firstly the datum point. I do not know if time zones impact upon at all the only way to find out is to try. I start at 23:00 as my brokers server is set to European time rather than UK time. How ever it should not affect the basic ...

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A good question, I would not know where to start but I can begin to find out.

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Hi all These posts have highlighted that drawing the initial datum line is unclear, unless we get this correct we are going to be wrong. This point is my fault and I must correct the situation. I have an idea that should give consistancy and ...

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My timezone is UK time. UTC 00:00

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Tomorrow I would like to move onto this thread url

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Yes

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I think GBPUSD will slip further. Sorry don't have time to look at the EUR have things to do at the moment.

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Pls re-read the thread and try again

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This is part of a monster trend to the downside see monthly chart and note the bounce at 38.2 we may be forming a consolidation/bounce. I would like to just let this run for now until a long term trend is clear. Don't force the trade let it come to ...

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Am using paint I shall try a different approach lets see what happens. Your point is appreciated.

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See my chart it is exactly the same as yours. The eur/nzd is at a level that may well prove a turning point. This is worth following closely. Look at the price action as it develops and select your datum which if broken would instigate a short. ...

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Would you pls post charts Thanks

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Read the posts on selecting a datum, I usually use from the last high at (A) to the previous low. Set one fob point at the high and the other at the datum (0) that is it.

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Not certain which move you are measuring. See the charts I measured from A to B. Note the 38.2 level and the market reaction. Wow what a move. I must go out for the morning but should be back PM UK time. Try the up move and post your findings.

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Yes you are correct on moving the fibs good job. As for selecting a datum these are some of the points I would consider depending on market direction. There may be others. This becomes easy with practice. Keep going

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If you look carefully the first image is measuring the downtrend whilst the second is measuring the uptrend. Hope that answers your question.

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