Hello Guys and Gals,
I've been trading forex for 10 years now, trying every strategy you can think of known to man. Until, I met my mentor Tom Strignano. Tom taught me how to trade efficiently and tricks from market makers that most people don't know. Today I would like to pay it forward to may people that still struggle to make money in the forex market. This thread is going to be simple, to start with, I will make updates along the way.
Weekly Fibonacci Levels? Yes. I calculate them every week to know where the order flow of the market. These levels gives me an idea of where the market is going to in the next couple of weeks or days. I will flood this thread with examples of trades and ideas, and I hope you do the same in a courteous manner. I will block anybody that is disrespectful to others without hesitation, so please don't be rude to others.
Let's start with EUR/USD..
A lot of people trade this pair because of it's liquidity, Well, without hesitation here are the levels for the upcoming weeks for EUR/USD in the first comment.
You will find along way, if have trade Fibonacci before, that some levels are more important than others. I will deviate a little so I don't forget to mention something..
The fibo levels I was taught are different from the fibo levels the charts have on there packages..
For example, the regular fibonacci numbers as you know them are: 0,23.6,38.2,50,61.8,76.4,100 and their extensions
My fibonacci levels are:
0%
23.6%
38.2%
50%
61.8%
82% (very important level, many pullbacks happen at this point)
100%
1.382%(very important level, many pullbacks happen at this level also)
1.618%
1.820%(very important level, many pullbacks happen at this point)
2.236%(very important, as trend changes at this point)
3.00% (very extreme price point many reversals too count)
5.00% (most extreme)
I will be posting these levels as the market gives them. YES! you read right as the market gives them! The market will tell me when to draw a new set of fibo levels, and will post them here for you.
**This levels are just a guide for your trading, you can use them with your own strategy or trade breakouts or reversals of these levels.
I've been trading forex for 10 years now, trying every strategy you can think of known to man. Until, I met my mentor Tom Strignano. Tom taught me how to trade efficiently and tricks from market makers that most people don't know. Today I would like to pay it forward to may people that still struggle to make money in the forex market. This thread is going to be simple, to start with, I will make updates along the way.
Weekly Fibonacci Levels? Yes. I calculate them every week to know where the order flow of the market. These levels gives me an idea of where the market is going to in the next couple of weeks or days. I will flood this thread with examples of trades and ideas, and I hope you do the same in a courteous manner. I will block anybody that is disrespectful to others without hesitation, so please don't be rude to others.
Let's start with EUR/USD..
A lot of people trade this pair because of it's liquidity, Well, without hesitation here are the levels for the upcoming weeks for EUR/USD in the first comment.
You will find along way, if have trade Fibonacci before, that some levels are more important than others. I will deviate a little so I don't forget to mention something..
The fibo levels I was taught are different from the fibo levels the charts have on there packages..
For example, the regular fibonacci numbers as you know them are: 0,23.6,38.2,50,61.8,76.4,100 and their extensions
My fibonacci levels are:
0%
23.6%
38.2%
50%
61.8%
82% (very important level, many pullbacks happen at this point)
100%
1.382%(very important level, many pullbacks happen at this level also)
1.618%
1.820%(very important level, many pullbacks happen at this point)
2.236%(very important, as trend changes at this point)
3.00% (very extreme price point many reversals too count)
5.00% (most extreme)
I will be posting these levels as the market gives them. YES! you read right as the market gives them! The market will tell me when to draw a new set of fibo levels, and will post them here for you.
**This levels are just a guide for your trading, you can use them with your own strategy or trade breakouts or reversals of these levels.