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Trading with the zones

  • Post #1
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  • First Post: Edited at 11:16pm Dec 6, 2020 10:40pm | Edited at 11:16pm
The zones are the confluence of Fibo levels of previous Week, Month, Quarter, Year ranges (highs and lows).

Below is an example of EURUSD Daily. Price have bounced off from M R78 (Month R) and Q R61 (Quarter R). So I would be looking for entry to go short on lower timeframes (M15, M30, H1, H4) in the zone of M R78 and Q R61.
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  • Post #2
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  • Edited at 11:15pm Dec 6, 2020 10:46pm | Edited at 11:15pm
Zones on GU, AU, NU, UC, UJ.
Note: on AU, price bounced up from M R38, Q R50. So I would look for entry to go long in this zone on lower timeframes.
On NU, price bounced down from M R38 and Y R61. Looking for short in this zone.
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Some cross pairs on Daily chart.
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Fibo is a great tool. Lots of traders use it. I am amazed at the confluence of levels.
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GBPCAD M5, price bounced exactly from the zone.
Just scalp.
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EURUSD M1
Harvest some pips during the London opening session. I finished my day, still monitoring the price action on the level.
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Hello nst0904

or find the indicator that gives the fibo, M/Q/Y

Thank,s
Quoting mchl13
Hello nst0904 or find the indicator that gives the fibo, M/Q/Y Thank,s
Attached File
File Type: tpl Fibo Level System.tpl   53 KB | 267 downloads
Attached File
File Type: ex4 Fibo Levels.ex4   20 KB | 294 downloads
Attached File
File Type: ex4 Round Numbers Beige.ex4   10 KB | 260 downloads
hi, nts0904, i found 'fibo levels.ex4' can not work in my mt4, it displays only a line... what's wrong with it? or can you upload the .mq4 ?
thank you very much.
i encount this problem.
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Quoting giraffze
hi, nts0904, i found 'fibo levels.ex4' can not work in my mt4, it displays only a line... what's wrong with it? or can you upload the .mq4 ? thank you very much.
I only have ex4 file.
Quoting nts0904
The zones are the confluence of Fibo levels of previous Week, Month, Quarter, Year ranges (highs and lows). Below is an example of EURUSD Daily. Price have bounced off from M R78 (Month R) and Q R61 (Quarter R). So I would be looking for entry to go short on lower timeframes (M15, M30, H1, H4) in the zone of M R78 and Q R61. {image}
Hello thank you very much for sharing, can you tell me what is your winning rate with this system/how much have you made in pips and how long you been using it. Thanks!
Quoting vusi2
{quote} Hello thank you very much for sharing, can you tell me what is your winning rate with this system/how much have you made in pips and how long you been using it. Thanks!
You are asking me a difficult question. I am using Fibo levels to identify zones where the price might bounce from them. I usually look for entries in low timeframes. The winning rate depends on your experience. With me, it's about 80% wining rate because I don't take big profits, I am willing to take profit when the price moves against my trade.
Hi all,
I took a vacation and now I'm back to thread to continue sharing this system. I contacted my friend who wrote the line indicator for this system. He says lines are pivots. Well, they are the same as Davit pivot indicators, but they are calculated by week, month, quarter and year. So if anyone can possibly rewrite this indicator. We will discuss deals with specific zones.
Quoting nts0904
Hi all, I took a vacation and now I'm back to thread to continue sharing this system. I contacted my friend who wrote the line indicator for this system. He says lines are pivots. Well, they are the same as Davit pivot indicators, but they are calculated by week, month, quarter and year. So if anyone can possibly rewrite this indicator. We will discuss deals with specific zones.
Can you ask him for a trading instruction PDF on how he trades this system??
How have you been trading this all along?
Quoting vusi2
{quote} Can you ask him for a trading instruction PDF on how he trades this system?? How have you been trading this all along?
He just gives me the indicator and shows me the confluence zones of the levels. I rely on my experience to trade. I trade a pullback after breaking out of a zone. But if I see move quickly to a zone, I can trade against the trend with a small stop loss and exit on profit above 1R.
During my vacation I looked at pivots, and I saw their advantage in bias and trends. Maybe that's my second strategy. It won't take much effort and is more recognizable.
guys, I need to download a drawing, can someone help me
I know many traders have lost money to try systems. And now I offer all free. I will answer any questions tomorrow, after I give you a more visual view of the market.
Without the holy grail, anything can happen in the mảket. What you need is the trend advantage. If you are a professional trader you can look for highs and lows. But I am not a professional trader and I choose to follow the trend, it is less stressful to trade against the trend.
Quoting Clovisan
guys, I need to download a drawing, can someone help me
Templates and indicators I share don't work for other accounts. I will give you a new strategy to follow the trend and have a more intuitive view of the market.
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