An honor to received comments from tymen1, thank you. I will finish this first and then we will discuss the wrong signal. 
I use an invert fibo to determine my target, take a look,
This is the first fibo,
This is an inverted fibo.
Risk is 35 pips = 2% of capital
1st target is 1.4703 - 1.4565 = 138 pips or 8% gain
2nd target is 1.4786 - 1.4565 = 221 pips or 12.6% gain
Conclusion: the smaller the SL the greater gain margins we can expect .
Is this a standard signal or the code signal? 
Please study the chart, I will be back after NY open. yawn
The standard signal?
Yes 
Sweet Pip, sometimes I have a problem to log in to bp so I just made a ym where we can talk and share opinion.
Happy trading
Not sure Iām getting this. Are we looking for a retrace to fall below the white (30) ema to about the 61.8% fib line. Then check the distance from the white ema X to the fib line X? But what determines where on the ema to measure from?
Is it always 61.8% to enter, and then target 161.8%?
Not really, when you see the price moves away from ema 30 but supertrend is [B]still above EMA [/B] then you must follow the price to about 40-50 pips away . You may start buying between 40 to 60. For instance you buy from 40 so your SL must be 40 ( 80-40), you buy from 50 (SL is 30) You buy from 60 your SL must be 20. Maximun X to X = 80 pips.
X to X means distance from white ema to the lowest red candle ( approx 40 to 60 pips). Maximum range is 80 pips. If price moves more than 80 pips, then the trend has changed.
Not always because it depends on the tf we use but for the target the answer is yes. 161.8% is the 1st target and 261.8 is the 2nd target.
Do you mean when āsupertrend is still above emaā?
Ok, so what is significant about where your X is on the ema? Price started pulling away before then at a price that was higherā¦was it because thatās the point when price had moved at least 40 pips? What if price had moved 10 more pips away a couple of bars laterā¦would your X on the ema move with it, or stay the same where you have it marked there?
I am sorry admin, I should not post my YM.
Thank you Sweet Pip 
Candle in the farthest distance from the ema is a benchmark, and the best distance to buy is between 40 to 60.
Well, I was looking at GBPUSD and saw it was retracing on an up trend and went almost 40 pips below the ema. It also hit a trendline I had drawn so I entered at 1.6339 long.
Within moments it shot up and now Iām over 75 pipsā¦lolā¦and if it reaches the 161.8 fib at 1.6463 then that will be about 120 pips :eek:
But itās late and Iām going to bed so Iāll check back in about 7 hoursā¦
Joe, I sent you a msn test message to your yahoo emailā¦
Congrats Sweet Pip, btw I am very busy here to calculate my money management as I have 9 position open
Thank you, I will check my ym
9!..Go Joe Go!..lol
Anyways, my 1 trade is still open, and hovering around +60. Iāve moved stop to +10. Do you put a time limit on yours at allā¦like if they didnāt hit their target during the London session?
Also, if the supertrend crosses the ema but price is still in the 40-60 range, would you still enter?
Thanks
Sorry about not posting chartsā¦I realize anyone coming along later would find them useful as by then it would be hard to backtrack in time to see it on a chart, but it was late last night, and then early this morning when I entered another and had to rush off to work.
So I went long on eurusd at 1.4738, stop at 1.4708 and 161.8% target of 1.4909 (170 pips)ā¦weāll see
EURUSD seems in an uptrend. Price went below 30ema about 50+ pips, and supertrend stayed above ema.
What are the 1 & 2 emas used forā¦just a visual for seeing the pattern?
Success!! Hit target for +120!!