A thread to go over trading using zones, expansions, and Fibonacci retracements.
(This thread replaces the new mouteki method thread which is no more active)
A thread to go over trading using zones, expansions, and Fibonacci retracements.
(This thread replaces the new mouteki method thread which is no more active)
Im having the exact same issue, I use FXPro and it's 5 decimals which impacts this indicator. Can Anybody Help please
Hi guys My very first post question after you are in, how can you manage the transaction?
Do you just let it ride into the next zone or would you use trailing stops?
Thanks
Anyone still trading with this particular method?
I use this technique so now then, for getting a better view of the larger picture. I was drawing some traces about the E/U daily chart and find out what I created.
The previous bull rally hit the 1596 zone of this march 4 non TO THE PIP!
Not only a major fib zone, but also a bit of the upper pink trendline, which functions as a fantastic resistance as you might notice about the chart.
Also observe the bearish divergence yellow line around the AO oscillator, making it even a tronger confirmation, that this thing just can go down from this stage.
Now observe the harmony with this one. . If you choose the 61.8 retracement of this 1596 zone, then it comes down to one point!
A cross of this reduced pink trendline along with the huge white trendline. A 50.0 retracement of this march 23 high. And a 610 fibzone, that also is the 987 fibzone of this new predicted move down.
Potential 1000 pip trade with a very small SL of 50 pip, making it a 1:20 R/R ratio!!
Hi bassd all of
this is my eu chart:
and additionally dollar index downtrend fib zones is quite wonderful.
joyful trading
Really enjoy your charts me_sa245. Your E/U chart not quite different from mine. We agree on one thing, were heading for some serious pips downward from today on
Additionally the double top formed on the Dow is excellent confirmation.
Hello
Can you tell how to place this indicator...? Do I enter number for start position...? thank you
you just place the online to the high/low of your choice by doubleclicking and dragging. Then you've got to refresh the chart by switching to another interval , so the additional fibzonelines are automaticly placed on the spot.
hello mima
after adding the indicator to chart, you must authentic one of the downtrendlevels key ( for downward trend ) or uptrendlevels key ( for up trend ) then click ok and head to chart. Some cases indicator choice the suitable point to begin poin (not necessarily ).
What's a proper start point to place the fibo zones?
The point that trend begins from there and every retracement waves can't retrace over 61.8 percept of primary tide.
Doubleclick on the zero level and substitute for begin point, today change the time frame to place other degrees.
Happy trading