Fib-Breakout-Math-Hedge

Fib #'s are 1, 2, 3, 5, 8. 13, 21, 34, etc ( the last 2 numbers combine for the next number ).

Mini #’s would be .1, .2, .3, .5, .8, 1.3, 2.1, 3.4, 5.5, etc.

Use the breakout of your choice. This example will use a simple price breakout of 25 above/below price for a channel of 50 pips. Any tf, any price.

If the upper channel is broken first you enter (1) long with a 100 tp (double your channel) and 150 sl (which is triple your channel). If all goes well you end up with 100 pips in the bank.

If it goes against you and enters the lower channel you go short with (2) lots with a 100 tp and 150 sl. If this trade hits the tp (lower channel) you end up with a –150 for the long and +200 for the short for a net of +50.

All trades end with the tp of the upper or lower channel.

If it ranges and heads towards the first trade when it breaks thru the upper breakout again you enter with (3) lots going long for a total of 4 longs and 2 shorts and at the tp you end up with -300 for the shorts and +400 for the longs for a net of +100.

If the 3 lot trade reverses and breaks thru the lower channel you are now going short with (5) lots for a total of 7 shorts and 4 longs, when it hits the short tp you end up with –600 for the longs and +700 for the shorts.

The deeper you go into the series the more profit is generated, at 8 lots to the tp you have a +150, at 13 lots you are +200, at 21 lots you are +300, at 34 your +450.

You in effect hedge your long/shorts until tp has been hit and your dd is between the channel, I have only been to the 8 fib # twice in the last 2 months with around +300 pips per week for the 1 pair (eur/usd) that I have been trading. The dd on the the #8 level was -400 until it gave me my profit of +100.

With this system I don't have to sit in front of the charts all day, all I do is put in a pending order for the next # in the series and check back every few hours.

Any thoughts?

Fib #'s are 1, 2, 3, 5, 8. 13, 21, 34, etc ( the last 2 numbers combine for the next number ).

Mini #’s would be .1, .2, .3, .5, .8, 1.3, 2.1, 3.4, 5.5, etc.

Use the breakout of your choice. This example will use a simple price breakout of 25 above/below price for a channel of 50 pips. Any tf, any price.

If the upper channel is broken first you enter (1) long with a 100 tp (double your channel) and 150 sl (which is triple your channel). If all goes well you end up with 100 pips in the bank.

If it goes against you and enters the lower channel you go short with (2) lots with a 100 tp and 150 sl. If this trade hits the tp (lower channel) you end up with a –150 for the long and +200 for the short for a net of +50.

All trades end with the tp of the upper or lower channel.

If it ranges and heads towards the first trade when it breaks thru the upper breakout again you enter with (3) lots going long for a total of 4 longs and 2 shorts and at the tp you end up with -300 for the shorts and +400 for the longs for a net of +100.

If the 3 lot trade reverses and breaks thru the lower channel you are now going short with (5) lots for a total of 7 shorts and 4 longs, when it hits the short tp you end up with –600 for the longs and +700 for the shorts.

The deeper you go into the series the more profit is generated, at 8 lots to the tp you have a +150, at 13 lots you are +200, at 21 lots you are +300, at 34 your +450.

You in effect hedge your long/shorts until tp has been hit and your dd is between the channel, I have only been to the 8 fib # twice in the last 2 months with around +300 pips per week for the 1 pair (eur/usd) that I have been trading. The dd on the the #8 level was -400 until it gave me my profit of +100.

With this system I don't have to sit in front of the charts all day, all I do is put in a pending order for the next # in the series and check back every few hours.

Any thoughts?