go4pips » Thu Mar 26, 2015 5:06 pm wrote:
Hi dudest, would you please explain a little deeper how do you use the abc with combination of fib, the way i understand is when the price retrace to the 763 fib and coiled with c then you take the direction of the trade, its give a stronger confirmation, is that how it works.
Thank you
E
Yes
Basically, 'c' is a retrace of the 'b' swing.
For some reason, the Predators love retracing to
61.8 and
73.6 areas ( in general, not just for a-b-c's )
So a good place to put limit entries when timing the 'c' of an a-b-c is the 61.8 or 73.6 area
1. Fibs use when counting levels
20150326_usdjpy_h4_levels_longs.png
2. Fibs use when stalking a-b-c
20150325_gbpnzd_m30_abc_longs_Fibs.png
.
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