amm like so i can predict where the 20 SMA will point at soon?
Re-visiting the fibs, I’m not really clear on where to draw them to? I get that you draw them from the 200, but where to put the other end? I read that it can be the 20 or a candle, but which candle or which part of the 20? Would you draw them at the beginning of the day, or when one sits down and starts looking for a new trade, or ??? Please enlighten 
ok it can play out like this for fib points… i am waiting for a squeeze, a candle pokes from under the 20 and pokes its head though, im thinking to look for confirmation, i draw my fib from the 20 where the candle poked its head up to the 200. my fibs are done , if the candle continues and the squeeze is confirmed then my fibs are in play…red marks in the chart
i am not actually saying that, it will give us confirmation that current price is the 13 sma and not the candle, we want price to find support on the 13 then find support on the 20
Ok, that helps, thanks 
So that’s for the first sq, what about a 2nd or 3rd sqz?..Would you draw them again? Or only once after each time the 20 crosses the 200?
good question! the same point always remains in play for days as the above chart suggests…and sq in the same direction that comes after is not valid as the first one is the confirmation that you need once price hits the 200 then your in play. however the chart is sq long , followed by another SQ long, fibs can be re drawn at the new point…i.e. make a new fib from the new SQ…chart i posted has an old one on it your right…so it would be advisable to put another SQ fib. However your current SQ Fib still in play as when the new SQ was formed! price is just retracing from SQ 1 hence still in play. Hence look to go long at the sq2 .
from a market persepctive the market is in a uptrend confirmed by sq 1. current state of play, reversals are taking out overbought postions…it looks like to me the market want to move up but overbought
Dennis are theses the 13 20 200 SMA or 20 50 200 SMA. can you pls label to the charts, thanks so much
Dennis are theses the 13 20 200 SMA or 20 50 200 SMA. can you pls label to the charts, thanks so much
i do not use the 50 consistently, its when price cant find support and is volatile, i look to add 100 or 50 to understand how the price is ranging to find support and resistance..........................but 20 and 200 are always there its the backbone of this method
13 to smooth current candle price…the 50 and 100 i only add them to make help me make a judgment when price is far away from the 200 or when price is very volatile around the 200, i look for the 50 and 100 to see if price can find a foothold
those are both 200 13 and 20
ok thanks alot that helps
post 357 and 356 charts are labeled
thickle at the moment closing out my trades for weekend…like mentioned before I have been bullish on USD CAd for ages…still have an old long in play going back to the beginning of the week…now its closed…good week…
ok thanks, and you never zoom out to bigger time frames to look at Support or Resistant lines?
and i cant remember if i asked you this, how much % do you risk per trade?
thats variable, because if i won 200 USD i would be prepared to risk 100 usd on a stop. if i won 1000 i would be prepared to risk 100 usd on a stop…i.e. i would never have a stop more then 10 pips from entry as that would mean my entry was so poor, so if entry is poor the purpose for entering was risky from the start. Hence it does not make sense to winden your risk as the trade is risky! Why widen that risk with the stop…high risk entry low risk stop.
I did cover that in the thread some place…time frames 4 hour channels, 1 hour channels is plenty for day trading…support and residence is covered…and pivot points…but my S&R is and pivot points is nothing like you ever see before…its covered in the thread…i do not care about yesterdays high and low to make pivots, my method works…i use a proper method that works as described in this thread…my fibs and pivots and support work and render the normal ones useless…time and time again
Thanks i will be getting my charts ready this weekend and trading live next week, il post pics as i go here on the thread