Quote:
Originally Posted by Sweet Pip
Please clarify... in Hypos63 chart, he's drawn his grid from the 27th 10970 to the 28th 10880...a downtrend. Now isn't the grid supposed to go from 100% down to 0% so the retrace goes back up goes from 0 to 100%, and we either like it best when it reaches between 61.8 or 74.6? Then somewhere in there we place our trade as our best guess that "probablility wise" that it's the top and will continue down again?
In this chart, the grid is backwards when the retrace is going back up through the grid isn't it?  ...
http://md5.it-finance.com/MDV6/showi...852523&print=1 |
hi
unfortunately for me, my chart shows the 62 EMA ABOVE THE 78 EMA, signalling an uptrend.
http://md6.it-finance.com/MDV6/showi...962939&print=1
the 78EMA is turquoise, the 62 kind of pink
i don't know how these descrepancies occur but there you go. also do we look at the particular higher frame candle governing the time we choose to enter the trade?
my chart was upside down because i was chrting from a low to a high point or so i thought. how are the fibs drawn?