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Hello Traders,
I would love to ask isn't any one familiar or even attempted to fibo 1 candle?
The sole real used and clarified all about the trend Fibonacci but I really would love to hear some experts states about the 1 candle fibo.
Thanx...
https://www.cavemantrading.com/attac...9283155408.jpg
No, it mean to see the retrace on the upcoming candles not inside the current candle, so there is idea around what you said which is: measuring for example weekly or daily or H4 1 candle and shift to reduce time period like 1H for instance then you see a good chances to enter trades. Picture attachedQuote:
Originally Posted by ;
https://www.cavemantrading.com/attac...1713648983.jpg
https://www.cavemantrading.com/attac...6874616750.jpg
One candle fibonacci is to measure fibonaccie from high to low of a single candle.Quote:
Originally Posted by ;
hey maanawi.... I am not an expert in fibonacia but did write some ea's which assessed extensions/retracements of single candles.... Your looking way out with big numerous extensions.... My work was looking at a particular value, approximately 23.6.... Or more like looking for the best value.... It involved both the 23.6 retracement of this sign candle and a 23.6 expansion of it.... My thoughts were along the line of should we depart at the near and place pending orders 23.6 over to reenter.... Because you can see in the picture, had the transactions, or at least the lower 2, been closed in the conclusion of the candle, both could have been reeentered in the 23.6 fib line.... There have been many more ideas along that line also involving entrys.... All only dealing with roughly 23.6.... By no means a magic number, just the place that appeared somewhat higher probability...h
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Hello! I bring an apology for translation. I guess that I not the rights, but.... The use of 1 candle and fibo - self-deception (it is not enough the data) - IMHO 1. My usage of lines fibo (schedule). 2. I use two candles. I choose them on reference points (PP). 3. An overall objective (aim fibo1-1) - 161,8 percent 4. Purchases on lines (L1, L2) 5. On recoil (from-100% to 0%) - risk, it's better to buy sales nevertheless. 6. For calculation I use 24 hour candles. In further (such as an input) 1 sentries, and #1090;#1080;#1082;#1086;#1074;#1099;#1081; the program.... Or the postponed warrant. Good luck!Quote:
Originally Posted by ;
https://www.cavemantrading.com/attac...2018199617.jpg
What is a one candle fibo?
Seems to me if you set a fibo you are measuring the move. . .ie the time frame(s) or tick chart that formed that candle. Why not simply look at that lower time fram and see how the price moved?