See the one hour chart detailing the method. Your fib levels are set correctly however your usage is incorrect

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Ok Tazmo firstly I am in the uk and I an not certain how different time zones may affect this cycle. I am not signaling the bars as such. Each bar is one hour and therefore 15 degrees of the rotation of the earth 360/24 Hrs = 15 degrees. Therefore 3 ...

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Let us try to clear this up using a one hour chart. Step 1 Choose a point for a datum Step 2 Place your fibs by measuring from the low to the datum. Step 3 Place another datum on the 61.8% Step 4 Set your fib to measure to that 61.8% Continue to ...

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When you trade there are always two potential outcomes, were there only one markets would not exist

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Well done seems you have it nailed. Practice on a few other instruments your confidence will grow.

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What instrument and timeframe is the chart and I will walk you through it step by step. We are not trying to curve fit the 38.2. If price finds 38.2 it will do so without the need to make it fit.

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Got it you mean the Fibonnaci Expansion. It will be different in every trading package. Basically you need 0 to +100 + 38.2 + 61.8 Then - 0 to 100 -38.2 - 61.8

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Not sure I have picked up on your question, sorry

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I am more than happy to help if I can. The brightest tools do not always make good traders, sometimes they just make tools.

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A different example

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I have used this on all instruments and timeframes. Price is price end of. The only thing that changes is the level of detail displayed. Using this method I have traded currency, commodities, stocks and options. Though options can be fraught because ...

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Hi dean1star You are correct to remember price is price irrespective of time. The lower the timeframe the lesser degree of trend you are measuring. One hour is very good and I shall be posting more regarding the one hour in due course stay tuned. I ...

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I used a line chart for clarity, lines can also be more accurate then superimpose candles over the line. But yes candles can bu used and I do include any spikes.

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That,s is it then, hope I have not confused everybody. Hope you can use it to make money especially the rookies. That said only those supporting England in the World Cup are allowed to use it. Cheers Nut

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Now for the subtle nuance of 38.2%. If you refer to the model in post 2 then the length A = 61.8% of the model leaving 38.2% remaining. In this attachment the market hits the 38.2% and reverses WHY? This because you have now completed 100% of the ...

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Sorry somehow the last post submitted before I was ready. As I was saying, measure from the high to datum 1 and place your fibs, Note keep your measurement horizontal otherwise you will be wrong. Move your datum to the 61.8% level and then set your ...

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Ok some more. See attachment Datum 1, yes measuring from a past low. This datum sets a solid point of reference to work from. Now we are trying to establish a relationship of 1.618:1 as per the model. A+B :1.618 Therefore setup your expansion as per ...

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Whoops lol

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Thank you dean1star, pls stay with me I have plenty to give back

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