Fib/trendlinebreak entry exit system

Hi people,

This morning as I was glancing over the different pairs for entry something popped up in my head.
Using fibonacchi levels to determine whether a "low" is a real low or a "high" is a real high.

Here is what I mean.

For practical purposes lets just talk about uptrends for now.
Rule to determine a real "low": If the pullback from a high is equal to or more than 61.8 than it is considered a real "low"
[In an uptrend if the low is real low we can than move our trendline below this low. If this low is a lower low in an uptrend we still move our trendline to this low but we adjust previous point of trendline to a low that is lower than this low.]

For aggressive trading we can go long when 4hr bar closes above 61.8 with our sl below the latest low and our profit target at 127.2
For regular trading we wait untill the price reaches 161.8 with sl below the latest low, our exit is when reverse signal occurs. We can keep moving our sl below real "lows".

I know it might be confusing but I kinda wrote this fast.

p.s. please add any ideas you might have or any problems that you see. tnx.

we can use this on other time frames. i just used it on 5 min. but i exited early with 5 pips profit.
the exit are endless.
u can use 1:1rr 2:1rr or revetsal signal or if you're dog barks 3 in a row.
the entry i am still working on.
the reaso n is that sometimes the market just trends without a significant pullback. this is ofcourse good for the trade but it leaves a question mark as to how we should draw our trendlines.
one idea is if there is no significant pullback(at least 61.8)
we simply restart from the latest hh and ll regardless if they are a real hh or a real ll.
if there people out there who get what im talking about, chime in and give ideas.
tnx

First of all, thanks for sharing but honestly this is Chinese for me
Sorry mate

hi, im trying a different method for my real trading at the moment.
i have not forgotten about this but dont have time.
its still an idea not a method yet.
so i need more input.

if you look at the char example. a real high is made when the price pulls back at least 61.8 fib from down trend. i named it real high because if it doesnt pullback at leat 61.8 fib I dont consider it a high.