Fibo Fibo Fibo

First of all, I want to apologize for my English, I'm using google translator. I want to share my system and discuss ideas. Well, the system is quite simple and is used in the chart from one hour to the previous day. (can be used for longer periods). You will observe when the price breaks the high / low of the previous day and go up to 123.6. When this happens, trace a fibo from the last maximum / minimum until the break and place pending orders at 38.2, 50.0 and 61.8, with exit at 23.6 Important! If the price is at 38.2 and back at 23.6, cancel the orders of 50.0 and 61.8, as the market has already shrunk I will give you some examples of trading with this system. I will also provide an indicator that traces the fibo from the previous day. Repeating, hit 123.6 after breaking the high / low of the previous day, trace the fibo. The stop can be placed at 100% or where they find the most comfortable. I know that the risk is greater than the return, but this system makes very little

I use this indicator that I got from a post here in the forum (sorry, I do not remember where I got it and I'm grateful for the creator) he traces the fibo from the previous day and shows me if the price touches the 123.6 without I need to draw manual

Example of yesterday's day not for eur / usd (today it did not have this system in this pair)

Example of trading yesterday / today in usdjpy. Since today, Friday, already comes

Eur / usd if playing 123.6 may give good opportunities next week

A very good day to u Shark ,,,,
Just make sure u dont bite me please hahahahaha
If i may i would like to add to what u r doing ,,,, so i am NOT knocking what u r doing ,,,
What i would like to say is based on my deep knowledge and experience of FIB work ,,,, thousands of hours testing years of charts action with Fibs ,,,,
The market is obviously turning at SET places on the charts when we look at them ,,, and it is NOT because of a fib level ,,,
The market runs to TARGETS ,,, NOT fibs ,,,, Targets are PRICE BASED which are visible on every time frame on every market u trade .
In my humble opinion ,,,, MATER YOUR PRICE ACTION UNDERSTANDING ,,,, and you will have much higher success rate than using Fibs ,,,, and Yes ,,, u can still use fibs for confirmation ,,, BUT ,,
PRICE IS THE BASE OF IT ALL .
Also look at the fibs on the charts ,,, it is obvious it is NOT stopping at the exact levels ,,,, cause IF it is fibs it runs to ,, then it should stop at the levels exactly and every time .
Again ,,, i hope u do NOT take this as being negative ,,, i am ONLY trying to be helpful ,,, constructive BUT truthful based on my knowledge and experience ,,,,,
Hope this helps.
Cheers,
George

hahaha, Thanks for the contribution

fibo fibo fibo LOL !

Nice ah ?!

Have nice days all !

the indicator I posted is only to enable the daily fibo and not the others, I forgot to mention it

Posts recent in this pair your cadjpy

The price made the retraction and now is looking for the 23.6 of all that fall that did. But now it has already discharged

Very important! As long as the price is not at least 38.2, continue dragging fibonacci as far as it goes

Hello pls, I am new to trading, I am looking for Fibonacci indicator like the picture below.

Your on Smart trader its there own indicator so But there are a couple like free fib on the market place on mql5

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