Simple entry system

My Trading Strategy – Combining Fibonacci Levels with the 13-Week COT Index

1. Set the chart to H4 timeframe, zoom out completely, and then zoom in twice. Check whether the market is in an uptrend or downtrend.
2. Draw the Fibonacci retracement from support to resistance (or vice versa).
3. Focus on the 23.6%, 38.2%, 50%, and 61.8% retracement levels — these are the key points where I place my pending orders, combined with the overall chart analysis.

Using the 13-Week COT Index for Confirmation
In addition to technical analysis, I use the 13-week COT Index to confirm trade direction.

COT Index Formula:

COT Index = (Current Net – Net Low) / (Net High – Net Low) × 100

1. Current Net → The latest net position, calculated as Longs – Shorts in the Non-Commercial category (large speculators).
2. 13-Week Net High → The highest net value in the past 13 weeks.
3. 13-Week Net Low → The lowest net value in the past 13 weeks.

How to get the data:

1. Go to the CFTC website (https://www.cftc.gov/) or use platforms like Tradingster or Barchart COT.
2. Select the desired asset (EUR, USD, CAD, etc.).
3. Locate the Non-Commercial section and note the weekly Long and Short values.
4. Calculate the Net:
   COT Index = (Current Net – Net Low) / (Net High – Net Low) × 100
5. Find the highest and lowest Net values in the last 13 weeks, then apply the formula above.

Interpretation:

1. Near 0% → Net close to the lowest value of the period → potential buy, provided it aligns with technical analysis and Fibonacci levels.
2. Near 100% → Net close to the highest value of the period → potential sell, provided it aligns with technical analysis and Fibonacci levels.

Combining technical analysis (Fibonacci) with market sentiment (COT Index) greatly increases my trade accuracy.
Risk Management
If one pending order is triggered and has a stop loss risking 1%, I move all other pending orders to avoid exceeding my risk limit.
If the risk limit has not been reached, I keep the other pending orders in place until the limit is reached.
Once the triggered trade’s stop loss is moved into profit, the other pending orders can be placed back at their Fibonacci levels.
I risk 1% or 2% of my capital per trade. Don’t be greedy — compound interest will work in your favor over time.
Patience is key — some trades will remain open for days. Accept stop losses — losing is also part of trading.
The chart stays clean, with very few indicators.
I’m not claiming to be the ultimate authority, so I may be wrong sometimes. I’m here to learn from everyone.
Finally, I want to thank Shahab8b — I’ve learned a lot from his forum posts, and I hope to keep learning here with all of you.

https://www.forexfactory.com/thread/...is-trade-ideas

This is an entry at the 61.8% Fibonacci level with a stop at profit
Here I am surfing the moving average developed by Dr. Walvekarraje.

Check out Dr. Walvekarraje's thread; you won't regret it. He has developed an excellent strategy.

https://www.forexfactory.com/thread/...py-re-invented

Support turning into resistance on AUD/JPY H4, with Fibonacci at 50%.

And it keeps falling... Beautiful surf.

Resistance turning intoon support EURUSD H4, with Fibonacci at 38,2%.

Third day in trade... AudJpy

GBPAUD H4

Another one for the day!!! Fibo 23.6 being respected near the previous support. Stop already in profit!!"

AUD/USD, the same simple pattern repeating—resistance turning into support near the 23.6 Fibo zone...

I will update from time to time

For now I'm still active audjpy, usdcad...
I'll leave it here live

keep going strong

AUDJPY closed in profit and now starting EURCAD 4H, let's see how it unfolds... Did anyone take my pending orders posted above? If you did, then you have the same entry as mine.
For now, h1 leave the stop in profit to have zero risk.

Updated pending orders... Always remember to risk between 1% or 2% of your capital.

Perfect entry on EURCAD at the 38.2% Fibonacci level, guaranteed profit, let's see how it unfolds.

I took a loss on BTCUSD, but it was within the 1% risk limit. I'm still positioned in EURAUD and GBPAUD, waiting to see how they unfold. I'll share once the profit is secured. When my limit orders are triggered within the 1% or 2% risk range, I adjust the pending orders, moving them aside until the trades are completed or the profit is secured. Only then do I reorganize the orders to activate a new trade.

Updated pending orders... Always remember to risk between 1% or 2% of your capital.

Updated pending orders...

At the moment, there are no active trades, but we are seeing positive results with a high success rate. Remember to always set the stop to profit as soon as a trade is activated. Below are the updated pending orders: