[quote=Bobokus;1879105]Ive opened this at the request of some my Fibonacci thread readers that are looking for something that can be traded and still keep your day job and also be able to sleep at night.
Trading more from the Daily chart at the open of each new Daily candle.
The principles are the same from my fibonacci thread but this is more of a method or strategy that can built upon to suit each individuals needs.
The heart of this is still fibonacci but with the use of some basic indicators and some basic price action tactics already installed.
All you need is:
The Daily chart
Simple Stochastic indicator
2 horizontal lines
and Fibonacci ( which you can learn the basics from in my Fibonacci trading thread)
Ive posted the basic rules in PDF and Word Doc formats, the figures in the documnets are not very clear so I will post those in the following posts.
Also is a template set up as we are now wating for the Open Sunday
Demo Account opened with $3000, trading 2%Balance per trade.
Current Position and Totals
Current Position: Long @1.9864
Current Target: None Yet
Current Stop Loss: 1.9852
Total trades Completed: 5
Current Totals Week1 : +216
Current Totals Week2: +147
Current Totals Week3: +208
*Any updates and the Video will be posted here in the 1st post*
Link to Fibonacci thread http://www.forexfactory.com/showthread.php?t=50767[/quote
hi bo,
pls,bob. i like to know if i can use only yesterday candle to trade the daily.as my intraday high and low hope to hear from u soonest
Trading more from the Daily chart at the open of each new Daily candle.
The principles are the same from my fibonacci thread but this is more of a method or strategy that can built upon to suit each individuals needs.
The heart of this is still fibonacci but with the use of some basic indicators and some basic price action tactics already installed.
All you need is:
The Daily chart
Simple Stochastic indicator
2 horizontal lines
and Fibonacci ( which you can learn the basics from in my Fibonacci trading thread)
Ive posted the basic rules in PDF and Word Doc formats, the figures in the documnets are not very clear so I will post those in the following posts.
Also is a template set up as we are now wating for the Open Sunday
Demo Account opened with $3000, trading 2%Balance per trade.
Current Position and Totals
Current Position: Long @1.9864
Current Target: None Yet
Current Stop Loss: 1.9852
Total trades Completed: 5
Current Totals Week1 : +216
Current Totals Week2: +147
Current Totals Week3: +208
*Any updates and the Video will be posted here in the 1st post*
Link to Fibonacci thread http://www.forexfactory.com/showthread.php?t=50767[/quote
hi bo,
pls,bob. i like to know if i can use only yesterday candle to trade the daily.as my intraday high and low hope to hear from u soonest
honeyboy