Pictures to follow:
My PHANTOM5000 SYSTEM
Using only the FIBONACCI Indicator
TF's M5, M15, M30, H1
(The numbers will all be the same I recommend M15 or M30. Easier to see prices)
*Directions:
You will need Customize your MT4 FIBO a little.
See Levels needed below:
Steps:
*Decide what session you want to use:
(Australia,European,London,NYC,NYC-Mid, or Tokyo)
(I recommend NYC & London Sessions for best results)
*Draw any FIBO on chart.
*Open FIBO Properties and change parameters by applying yesterdays HIGH/LOW of the Session you chose to use
*Place 50% FIBO line on upcoming Session Open
(Example: London's OPEN 2:00AM CST / 10:00am My Broker MT4)
*Place X2 buy lots & X2 sell lots
*USE FIBO TEMPLATE & SET PENDING ORDER STOPS, STOPLOSSES, & TAKE PROFITS
*FIBO Template:
Depending on which way you had drawn your FIBO
100.0 TP#2
76.4 TP#1
61.8 BUY STOP
55.9 SELL STOPLOSS
50.0 SESSION OPEN
44.1 BUY STOPLOSS
38.2 SELL STOP
23.6 TP#1
0.0 TP#2
-------------------------------
0.0 TP#2
23.6 TP#1
38.2 BUY STOP
44.1 SELL STOPLOSS
50.0 SESSION OPEN
55.9 BUY STOPLOSS
61.8 SELL STOP
76.4 TP#1
100.0 TP#2
*Sit back and watch target #1 hit
*Close 1st lot
*Set 2nd lot to break even in case target #2 isn't reached
*That easy. Enjoy making so many pips you will need a wheel barrow
to carry them. :-)
NOTE: You can see how well my system works by checking previous days doing same method.
My PHANTOM5000 SYSTEM
Using only the FIBONACCI Indicator
TF's M5, M15, M30, H1
(The numbers will all be the same I recommend M15 or M30. Easier to see prices)
*Directions:
You will need Customize your MT4 FIBO a little.
See Levels needed below:
Steps:
*Decide what session you want to use:
(Australia,European,London,NYC,NYC-Mid, or Tokyo)
(I recommend NYC & London Sessions for best results)
*Draw any FIBO on chart.
*Open FIBO Properties and change parameters by applying yesterdays HIGH/LOW of the Session you chose to use
*Place 50% FIBO line on upcoming Session Open
(Example: London's OPEN 2:00AM CST / 10:00am My Broker MT4)
*Place X2 buy lots & X2 sell lots
*USE FIBO TEMPLATE & SET PENDING ORDER STOPS, STOPLOSSES, & TAKE PROFITS
*FIBO Template:
Depending on which way you had drawn your FIBO
100.0 TP#2
76.4 TP#1
61.8 BUY STOP
55.9 SELL STOPLOSS
50.0 SESSION OPEN
44.1 BUY STOPLOSS
38.2 SELL STOP
23.6 TP#1
0.0 TP#2
-------------------------------
0.0 TP#2
23.6 TP#1
38.2 BUY STOP
44.1 SELL STOPLOSS
50.0 SESSION OPEN
55.9 BUY STOPLOSS
61.8 SELL STOP
76.4 TP#1
100.0 TP#2
*Sit back and watch target #1 hit
*Close 1st lot
*Set 2nd lot to break even in case target #2 isn't reached
*That easy. Enjoy making so many pips you will need a wheel barrow
to carry them. :-)
NOTE: You can see how well my system works by checking previous days doing same method.
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