Comprehensive Fibonacci Analysis by Victor Pershikov, MFTA

Greetings to all lovers analysis of Fibonacci in this thread!

You feel an interest in Fibonacci tools, but you not know how to successfully trade using them? In this topic you find will answer on this question. Here you can a look from a new angle on the usual Fibonacci tools. Moreover, on this forum I did not find interesting topics on a Fibonacci. Or they're all dead. I see the meaning in creating this theme.

My name is Roman, 19 years old, Russian. I learned about Forex and began to study its October 5, 2015. In February 2016 I learned about the method below. A few months ago I created a similar theme in the Russian-speaking forum.

I want to introduce you to the Comprehensive Fibonacci Analysis (CFA) by Victor Pershikov. In 2012, author first person in Russia received the title of Master of Financial Technical Analysis (MFTA) degree by IFTA. Also he is a member of Technical Securities Analysts Association - San Francisco (TSAA-SF) and International Federation of Technical Analysts (IFTA). Here Victor Pershikov at the annual conference of the International Federation of Technical Analysts (IFTA) in Tokyo.

Comprehensive Fibonacci Analysis developed by Victor Pershikov - a unique method for the analysis of future price changes (and not only on the Forex) and trading. This method of analysis, rather than a trading strategy. It is important. This method is fully described in the book "The Complete Guide To Comprehensive Fibonacci Analysis on FOREX". There is also a version in Russian language, the author laid out in free access (I have attached a PDF file).

I'm not trying to sell you the book. My goal - to introduce you to this book. I hope that you will appreciate this method highly.

What will happen in this topic? Here I will post a description of their transactions on the basis of a Comprehensive Fibonacci Analysis and forecast the movement of currency pairs on the basis of this method (you don't have them to follow).

Attention! Please do not write here about how you do not like Fibonacci tools and why they do not work. I'm not interested. And don't have to write about other methods of analysis. Only the CFA. Thank that you understand me.

A little about my account... I trade on bonuses from InstaForex. At the beginning of each month I getting the bonuses. I write the posts on the forum and I get paid for it. One post is about $0.48. You must not judge about CFA by my trading. I use potential of the method is not the best way. I understand it. I need to gain experience.

Immensely grateful to Victor Pershikov for publication of the book in free access!

I wish you all the luck in the mastering of Comprehensive Fibonacci Analysis!

P.S. I don't speak English. I am writing this and other posts using an online interpreter. I'm sorry if there are errors.

UPD: added IFTA Journal 2014 (page 68 - Internal Pattern) & Vebinar about Fibonacci Time Projection with e-book & Donchian Channel for TOC.

Long position on EURNZD I described here.

The first is my prediction here.

I opened a deal to buy AUDNZD. On the four-hour retracement formed a third internal pattern (IP3 - blue line on chart). IP3 - movement from the level of 50% to 23.6%. Take-profit on 61.8%. Stop-loss behind level 0%. In IP3 the price could reach levels of 14.6% and 9% (how in the second screenshot). This is absolutely normal. There is also a level of 161.8% projection. He is a strong level of support/resistance. The level of 23.6% and of 161.8% create a cluster (gold rectangle) that increases the chance of realization on IP3.
Also, the IP3 on purchase formed on the daily retracement (more convenient to show on the weekly chart). It confirms the purchase on the four-hour timeframe.

Selling NZDUSD on by IP3 on four-hour retracement. You already know what it looks like. And on Level 2 formed a TOC pattern.

What is a TOC pattern? TOC (Turn On the Channel) - the pattern, which is detected using indicator the Donchian Channel (period - 20, shift - 2) and gives signal a reversal. It confirms the opening of transactions on the basis of the IP (like now) and other elements CFA. On page 144 of the book in the first post you can see examples, and on page 161 examples of trading with IP and TOC.

TOC pattern on example NZDUSD:

1. Breakout the top (bottom) of the channel the greater part of the candle body* (2/3 and more). Channel breached only half the candle, I decided that the breakout happened.
2. Explicit refund of the price per channel. The opposite boundary should not be achieved.
3. Formation a signal candle. Shadow should be located outside the channel, and price a closing inside. In connection with a gap, signal candle little changed form.

And on the cluster on AUDNZD also formed TOC:

Also the TOC formed on the level Fibonacci time projection, which confirms the decline.

Three deal to sell NZD, hmm...

*Only I have bars, not candles, but this fact does not change.

Beautiful TOC pattern on the weekly timeframe on EURNZD. Why beautiful? Because the body of the bar is almost entirely abroad channel. But until the price goes down.

Hello again readers of this topic.

So, I had a loss on Tuesday on EURAUD.
You ask me "That are the causes?" I offer three reasons:

1. Comprehensive Fibonacci analysis is not working. I repeat:

   Quote

   Disliked

   You must not judge about CFA by my trading.

2. My analysis was wrong. Likely. I set the stop-loss that is not based on the weekly retracement. The price may in IP2 reach the level of 9%, that happened.
   Attached Image (click to enlarge)

   
   
3. Something went wrong. Maybe, but this is impossible know exactly.

Now, I need to restore 80% of the balance. According to the rules of the bonus shares can derive profits which earned over bonuses.

I realized that is necessary to add information about TOC in connection with the loss on EURNZD (I mistakenly wrote EURAUD in a previous post).

TOC - confirmation pattern. It provides high-quality signals, but only in the right places (for example, an important cluster is support/resistance).

On EURNZD pattern did not work because:
Consider the example of TOC pattern on two open deals:

1. On NZDUSD price should go down from the level of 23.6% by IP3. What happened:
   Attached Image (click to enlarge)

   
   
2. On AUDNZD price should go up. Here also:
   Attached Image (click to enlarge)

   
   

On both charts the price in IP3 reached levels 14.6%. Could and up to 9%. Also possible it did not work because of this:

But! As you can see both deals go in the right direction! The TOC here did not work, but the deals are open!

In the tenth post I will describe a great example of using the TOC pattern.

I have great news for those who are interested in the method does not know Russian, and yet does not wants to buy the English version of the book! In the annual journal of the International Federation of Technical Analysis (IFTA) in which described the Internal Patterns (IP) of Fibonacci retracement!

They are on page 68.

I believe that it is useful to someone!

I'm here again.

Now I show how correctly to use TOC pattern. This deal is very clearly seen in my statistics.

On USDCAD formed TOC in the empty place, I decided to wait for confirmation in the form of IP on hour retracement. Here's what they came of it: Formed IP1 (23.6% > 9%; target - 50%). I opened the deal. The ratio of risk/reward was 1:4.3. What happened: The presence of TOC and IP is not the only reason for a successful outcome. Look at the two timeframe higher: On the four-hour retracement formed IP1. Price should move up with the aim to reach 50%, which will soon be reached.

Let's take a look at the daily retracement: The price reached the level of 50%. As we know, can be formed IP3 (50% > 23.6% or 14.6%, 9%; target - 61.8%).

And that on the weekly retracement? The price reached a level of 38.2% (IP2 - 38.2% > 14.6%; target - 61.8%)

This is the Comprehensive Fibonacci Analysis.

Looks Nice....

But Why USDCAD Price is in 1.2900 range ??? .. Can u tell me that..

I do not see range on 1.2900.

It happened today. My prediction is valid. I want to see there TOC.

IP on the currency pairs at the moment... More recently achieved the target.

It's time to do it.

1. Monthly retracement - Red;
2. Weekly retracement - Magenta;
3. Daily retracement - Blue;
4. Four-hour retracement - Green;
5. Hour retracement - DarkOrange;
6. Price Channel - DeepSkyBlue;
7. All the rest - Black.

Price Channel for TradingView.com. Insert the indicator in Pine and save.

study(title="Donchian Channels", shorttitle="DC", overlay=true)
length = input(20, minval=1)
lower = lowest(length)
upper = highest(length)
basis = avg(upper, lower)
l = plot(lower, offset=2, color=blue)
u = plot(upper, offset=2, color=blue)

Forecast for EURUSD. I think that price should stop and begin move up from this the cluster.

Price has reached a important cluster and I opened the deal on the basis of TOC. Stop-loss I set based on the fact that the TOC works perfectly and the price does not fall below the signal bar. Take-profit on level 61.8% DarkOrange (remember?) retracement.

Buy in this downtrend... Hmm... Risky... But, I hope that everything will be cool.

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Selling NZDUSD on by IP3 on four-hour retracement.

The deal closed with a profit of 322 points.

I yet selling NZDUSD with target on the cluster. There is also a figure of "head and shoulders".