DislikedOnce price has broken I use basic fibonacci study on a daily chart. But even to do that requires practice. I usually dont trail i just move the stops from level 2x to 2.5x to 3x and so on. It gets tricky and when i have a slight doubt i pull out. If you notice i took 4x the profit on one of the trades by it actually went 12x. I use my discretion after the 2x level.
** be careful though it gets very tricky and in NO CIRCUMSTANCE SHOULD ANYONE TAKE PROFIT BELOW THE 1X LINE. Even below 2X is not good.Ignored
AutoDayFibs.ex4 8 KB | 1,009 download