What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
bo7a method... method for GBP/JPY 205 replies
Synergy Method For Scalpers and Scalpers Hourly Range Calculator (Based on TSR) 22 replies
what's Fibonacci method trading? 7 replies
DislikedHi Tunji,
Thank you for sharing your very detailed and accurate analysis with us. Your strategy is clean, clear, simple and refreshing. Even though other threads on FF have Fibonacci strategies, your thorough analysis is exceptionally informative.
I use Fibonacci's in a similar way and it flows in with my daily top down analysis. I identify direction using daily and 4 hour chart, and apply fibs on 1 hour chart in the direction of the overall trend. I then go to the 15 minute chart where fibs are already placed (from 1 hour chart) and look for...Ignored
DislikedFxpilot, you’re very much welcome, and thanks for your kind words. As you said, I could see our approaches are very similar, and that’s great.
[font=Arial]I use Limit Orders around a certain fib. level, as long as there are other pivots, previous highs/lows, and overlapping fibs supporting it. Such confluences of support/resistance levels are strong enough for me to believe the fib. level will hold – at least temporarily. I only use candle formations to manage my trade after the Limit Order has been triggered. I must say, as...Ignored
DislikedHi Tunji,
I am waiting for the retrace on GBPUSD to sell in accordance with your analysis. I am also looking at EURUSD as it seems as if it may present a better opportunity. Currently price has retraced to 50% fib level, which is also in line with daily pivot point, a price pivot zone and a second test of the sessions high. Selling at 1.4265. I would appreciate your feedback. Thank you.
fxpilotIgnored
DislikedHi Tunji,
Thank you for your response. I will try to post charts in the future. Your are correct re. no mans land. I had only considered the overall trend which is still bearish. I will refine my analysis in accordance with your suggestion. By respecting the swing points on 1 hour chart also, trade success probability can only increase. Great point.
fxpilotIgnored
Dislikedomoo naija, ao far now?sincerely i am always happy when i see nigerians making wave, i have always popped in to your thread once in a while but i just need to say...e ku ise o.
i use almost same style of trading as you do except that i consider price action at support and resistance and i also use the pivots to making trading decisions with fibonacci retracements.
anyway, i will always try to drop a line and for me..i trade only cable and eurusd.
where in nigeria are you? i am in the south west,abeokuta to be precise.
anyway, i wish you...Ignored