Hi All,
I would like to share my trading method with you all. It is very simple, consistent and profitable. I trade on a 15M chart and monitor trends on H1, H4 and Daily. Constructive feedback ONLY!
I use fibonacci and give credit to one aspect of this method to Bobokus.
Please see attachment for details of the method.
1.
I like to begin my trading day at 3:00am EST and find setups 20 to 30 minutes after that, closer to when the 4am candle is preparing to close.
2.
I use three sets of Fibs:
Fib A - For targets of the last swing
Fib B - For entries
Fib C - For identifying major Resistance/Support on the last major move. Usually when this move is completed the market will return to test these levels.
3.
Fibbing is always done from high to low.
4.
Using Fib A - Find the high and low of the day, created between 12am and the current time. The 134 & 155% levels show interim bull targets and the -34 & -55% show interim bear targets.
Using Fib B - If the market was trending up and created a SELL candle pattern, fib from this new high to the last low. If the market was trending downwards and created a BUY candle pattern, fib from the last high to this low. Here you are looking for breaches of the 50% fib level. A close above or below this level creates support or resistance for the trend to continue.
Using Fib C - This is a Fib of the high and low of the last major move to identify targeted areas of support and resistance (50%, 19.1%, 80.9%)
Charts will follow...
Copyright
February 2010, Simone Gooden-Guy, This method or content is a FREE Learning Resource and its content may not be re-used, appended to or published in any way without the permission of the author for commercial purposes or otherwise.
***CLICK HERE***to Visit our Chatroom and trade with us!
VIDEO TUTORIALS
How & When to Adjust Intraday Fibs
How to use the 50% Fib - Part 1
How to use the 50% Fib - Part 2
I would like to share my trading method with you all. It is very simple, consistent and profitable. I trade on a 15M chart and monitor trends on H1, H4 and Daily. Constructive feedback ONLY!
I use fibonacci and give credit to one aspect of this method to Bobokus.
Please see attachment for details of the method.
1.
I like to begin my trading day at 3:00am EST and find setups 20 to 30 minutes after that, closer to when the 4am candle is preparing to close.
2.
I use three sets of Fibs:
Fib A - For targets of the last swing
Fib B - For entries
Fib C - For identifying major Resistance/Support on the last major move. Usually when this move is completed the market will return to test these levels.
3.
Fibbing is always done from high to low.
4.
Using Fib A - Find the high and low of the day, created between 12am and the current time. The 134 & 155% levels show interim bull targets and the -34 & -55% show interim bear targets.
Using Fib B - If the market was trending up and created a SELL candle pattern, fib from this new high to the last low. If the market was trending downwards and created a BUY candle pattern, fib from the last high to this low. Here you are looking for breaches of the 50% fib level. A close above or below this level creates support or resistance for the trend to continue.
Using Fib C - This is a Fib of the high and low of the last major move to identify targeted areas of support and resistance (50%, 19.1%, 80.9%)
Charts will follow...
Copyright

***CLICK HERE***to Visit our Chatroom and trade with us!
VIDEO TUTORIALS
How & When to Adjust Intraday Fibs
Inserted Video
How to use the 50% Fib - Part 1
Inserted Video
How to use the 50% Fib - Part 2
Inserted Video
Attached File(s)
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