Reading through the thread yesterday and saw some great points made by Josi and Meyney. Nice trade as well, Moey.

I'm looking to scalp some buy positions. Especially if price dips further and hits the 148.000 mark

1st target 161.8

Yuri_I wrote: Thu Mar 25, 2021 6:43 am 1st target 161.8

nice Yuri this is how I draw it..

I won't argue with the master. I'm still learning...

Yuri_I wrote: Thu Mar 25, 2021 7:24 am I won't argue with the master. I'm still learning...

You can argue no problem. Sharing charts is great so everybody can learn. I have updated the chart I was in a hurry and had to fine tune the fib.

Yuri_I wrote: Thu Mar 25, 2021 6:43 am 1st target 161.8

Love it brother, keep posting your charts!
And don't forget, Drawing Fibonacci the other way around will give you the Fibonacci extensions, too!

Maybe this is not entirely correct, but to set goals, I try to apply this approach:

Yuri_I wrote: Thu Mar 25, 2021 10:07 am Maybe this is not entirely correct, but to set goals, I try to apply this approach:

This is how I plot them but let's not overcomplicate here and for now stick to the pullbacks is my advice

Nice system !
I Added WPR candles .

Any good method for trailing a stop loss using this system? Would be good to catch some of those runners. I have been taking profit at the next S/R level.