Hello All, here is my journal to track observations and trading decisions.
My strategy is very simple, look for divergences (any type) @ Support and Resistance, Fib Retracement and my favorite; Fib Fan levels.
To find divergences, I use the OBV indicator.
I have all the different settings for the OBV plotted on my chart in sub windows. 7 instances of the indicator at all times.
As for the fibs, I use only one standard fib level: 61.3, all other levels are non fib levels: 4, 21, 42, 84, 96.
I will post my observations later. Here is a screen capture of the monthly EURUSD.Attachment
My strategy is very simple, look for divergences (any type) @ Support and Resistance, Fib Retracement and my favorite; Fib Fan levels.
To find divergences, I use the OBV indicator.
I have all the different settings for the OBV plotted on my chart in sub windows. 7 instances of the indicator at all times.
As for the fibs, I use only one standard fib level: 61.3, all other levels are non fib levels: 4, 21, 42, 84, 96.
I will post my observations later. Here is a screen capture of the monthly EURUSD.Attachment
MY GRID. Markets are NOT random.