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Chapter 10, Part III. Advanced talks on Fibonacci Retracement. - Q&A

Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Jun 16, 2011.

  1. Administrator

    Administrator Just Administrator :-)

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    Please use this thread for questions, answers, and comments on this lesson.
     
  2. FOREXHAWK

    FOREXHAWK Private

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    queery concerning lesson chapter 10 part 3

    Hi Sieve

    Cant praise you enough for the excellent Forex course. May I raise two questions please
    In Chapter 10Part 3 chart 1 eur/usd daily
    Point X2 does not appear to have 2higher lows on the left side Why is this shown as a swing low X point.
    Point X1 shows lower highs on 2 bars at each side of swing low X1 could you explain this please.
    in the next chapter chapter 10 Part 3 using Joe Dinapolis software the third point is marked as 1.3523/1000 X2 should this be X3 or have i missed something

    I am mindful of the hard work you have put into this course and do not wish to find fault in the event of an error, but merely wish to be sure I have understood thew material correctly. I think your brilliant top notch.
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi,
    Concerning X2 and X3 - you're right, that's just a typo, thankfully not a crucial...
    Swing low does not have to own 2 higher lows from the each side, but just one higher low from the left and one higher low from the right - that is exist here.
    But since you've decided, that it should be two lows from each sides of swing low - may be I've written something wrong somewhere?
     
  4. ertore

    ertore Private

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    Excellent explanation about advance Dinapoli retracement levels. Thanks Sive for this could explanation.
     
  5. stywny

    stywny Recruit

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    Fibo

    Hi All,
    Sive, thank you for great tutorial.

    Have fast coded, inspired by this lesson, primitive fibo indi for MT4, which I'm sharing. Is always better as ploting fibos one by one - here are 8 in 1 ;-)

    Best.
     

    Attached Files:

  6. Soji4x

    Soji4x Private

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    Fib retracement is da bomb!

    I scrolled back to read this lesson on Fibonacci retracement 2 days ago, and i sat wit my trade paltform to apply it yesterday.. i ended up raking in profits upon profits (trading mainly the GBP/USD on a 1-hr chart). :D

    Closed Transactions:
    Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
    1212675198 2011.09.22 11:12 sell 0.02 gbpusd 1.54579 1.54150 1.54000 2011.09.22 12:27 1.54150 0.00 0.00 8.58
    1212679821 2011.09.22 12:15 sell 0.04 gbpusd 1.54110 1.54600 1.53800 2011.09.22 15:33 1.53800 0.00 0.00 12.40
    1212681276 2011.09.22 12:29 sell 0.02 gbpusd 1.54225 1.54600 1.54020 2011.09.22 14:20 1.54020 0.00 0.00 4.10
    1212681842 2011.09.22 14:20 sell 0.02 gbpusd 1.53980 1.54400 1.53700 2011.09.22 15:34 1.53700 0.00 0.00 5.60
    1212684241 2011.09.22 13:14 sell 0.02 eurusd 1.34578 0.00000 1.34420 2011.09.22 13:40 1.34420 0.00 0.00 3.16
    1212689540 2011.09.22 14:35 sell 0.02 eurusd 1.34565 1.35070 1.33920 2011.09.22 15:56 1.33920 0.00 0.00 12.90
    1212689660 2011.09.22 14:37 sell 0.02 eurusd 1.34584 1.34550 1.34300 2011.09.22 21:06 1.34550 0.00 0.00 0.68
    1212689662 2011.09.22 14:37 sell 0.02 eurusd 1.34598 1.34550 1.34300 2011.09.22 21:06 1.34550 0.00 0.00 0.96
    1212693180 2011.09.22 15:34 sell 0.03 gbpusd 1.53760 1.54000 1.53500 2011.09.22 15:43 1.53500 0.00 0.00 7.80
    1212698421 2011.09.22 16:24 sell 0.03 gbpusd 1.54000 1.54300 1.53400 2011.09.22 17:59 1.53400 0.00 0.00 18.00
    1212703947 2011.09.22 17:37 sell 0.03 eurusd 1.34700 1.34500 1.34000 2011.09.22 21:05 1.34500 0.00 0.00 6.00
    1212709014 2011.09.22 19:28 sell 0.05 gbpusd 1.53600 0.00000 1.53360 2011.09.22 22:24 1.53360 0.00 0.00 12.00
    1212711432 2011.09.22 20:05 sell 0.03 gbpusd 1.53710 0.00000 1.53550 2011.09.22 20:47 1.53550 0.00 0.00 4.80
    1212712139 2011.09.22 20:03 sell 0.03 gbpusd 1.53780 0.00000 1.53550 2011.09.22 20:47 1.53550 0.00 0.00 6.90
    1212716259 2011.09.22 21:37 sell 0.05 gbpusd 1.53800 1.53699 1.53600 2011.09.22 21:58 1.53600 0.00 0.00 10.00
    1212716510 2011.09.22 21:30 sell 0.05 gbpusd 1.54000 1.53699 1.53600 2011.09.22 21:58 1.53600 0.00 0.00 20.00
    1212719166 2011.09.22 22:20 sell limit 0.05 gbpusd
     
  7. mrVynes

    mrVynes Private

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    Hi,

    These exercise images are assuming that the A point (to extreme right) reached some level, right? Otherwise it may still be rising and therefore cannot be established as a "level" yet. I know this is for the sake of illustration, but when it comes to describing a concept to a noob(like me) it might be confusing...unless I'm not seeing the big picture here..

    Thanks for this stuff, really appreciate it...
     
  8. rucailo

    rucailo Recruit

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    Hi Sieve,
    I am a bit confused, can you please explain me what is the difference between retracement and reversal?
    thanks in advance!
     
  9. rucailo

    rucailo Recruit

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    N
    Forget it, I re-read the chapter and is clear and understood,
    Thanks!!
     
  10. Hamza Samiullah

    Hamza Samiullah Corporal

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    Exellent work..
     

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