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Fibonacci and targets

  • #1
  • First Post: Sep 4, 2018 3:21am Sep 4, 2018 3:21am
Hello,
Something very simple that will help very beginner.

A common strategy of helping our targets, using pure fibonacci to make confluence.
In a universe of 100% without having even made the statistics, but by experience.
50% on target 161.8
30% 2,618
10% 423.6
5% 127.2
5% Others

0% and 100% should be placed on the tops and larger bottoms of consolidations or figures.
Illustrative Figures below.
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  • #2
  • Sep 5, 2018 1:16pm Sep 5, 2018 1:16pm
Today we see the power of 423.6 often has a strong boost.
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  • #3
  • Sep 5, 2018 3:10pm Sep 5, 2018 3:10pm
How long after a break of the current high/low do you wait to enter
  • #4
  • Sep 5, 2018 5:03pm Sep 5, 2018 5:03pm
it looks like the diary has begun to triangulate.
if you are even triangulating.
I would wait for the end of it.
Or you could take advantage of the H1 graph, part of the triangulation. generally the triangulation continues the trend so maybe it breaks down.
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  • #5
  • Sep 5, 2018 9:04pm Sep 5, 2018 9:04pm
how do you get the fibo tool to show the price at the end of each level as shown on your charts
  • #6
  • Sep 5, 2018 10:24pm Sep 5, 2018 10:24pm
Very cool I do something similar. I use dominant candle set up and go to 161 as main target as its most often hit.
THe method so simple but very effective. Thanks for posting.
EX BBMA trader focusing on REE code.
  • #7
  • Sep 6, 2018 4:40am Sep 6, 2018 4:40am
Quoting shrips
how do you get the fibo tool to show the price at the end of each level as shown on your charts
Hello Shrips .
Here is a picture of what to do.
Add 2 spaces then %$ after the price description in the right side part as u see here .
Hope this helps .
Cheers,
george
Attached Image
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #8
  • Sep 6, 2018 4:59am Sep 6, 2018 4:59am
Quoting George AUS
{quote} Hello Shrips . Here is a picture of what to do. Add 2 spaces then %$ after the price description in the right side part as u see here . Hope this helps . Cheers, george {image}

Thanks George that did work!

Good to see another aussie on here

Cheers
  • #9
  • Sep 7, 2018 3:56am Sep 7, 2018 3:56am
I think it falls
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  • #10
  • Sep 8, 2018 1:58am Sep 8, 2018 1:58am
Quoting Sorobanista
it looks like the diary has begun to triangulate. if you are even triangulating. I would wait for the end of it. Or you could take advantage of the H1 graph, part of the triangulation. generally the triangulation continues the trend so maybe it breaks down. {image}
Dear Sorobanista,

Thank you for sharing this with us as fibonacci is a great way to have an idea of what price level to target. I just want to add that most platforms will have 2 types of fib tools (retracement, the one you are using and 'extension'). The first picture in your first post, you are using the retracement fib as if it were placed as the other type (bottom left to top right - against price direction), but in others you place it going with the direction of price (top left to bottom right). Do you notice the difference affecting which are your final expected targets?

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #11
  • Sep 8, 2018 7:05am Sep 8, 2018 7:05am
Quoting tzamo
{quote} Dear Sorobanista, Thank you for sharing this with us as fibonacci is a great way to have an idea of what price level to target. I just want to add that most platforms will have 2 types of fib tools (retracement, the one you are using and 'extension'). The first picture in your first post, you are using the retracement fib as if it were placed as the other type (bottom left to top right - against price direction), but in others you place it going with the direction of price (top left to bottom right). Do you notice the difference affecting...
Hi, Tzamo,
I want to warn you that my English is not very good, I may have noticed something different, or express myself ill.
Fibo expansion is very good and can be used together in the analysis, but I can fit much more trade opportunities with the retraction.

Kind Regards,
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  • #12
  • Sep 8, 2018 7:09am Sep 8, 2018 7:09am
Analyzing the bigger times, it seems that the pound just did not rise because they had good news for the dollar.
This week passes was a doji, so as in the last post said that I hoped it would fall, now I changed my mind.
The blue line shows a great weekly support that I find difficult to overcome
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  • #13
  • Sep 8, 2018 7:13am Sep 8, 2018 7:13am
Using the Murrey Math system shows the great support 0/8 and a possible trade up to 2/8
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  • #14
  • Edited 11:28am Sep 8, 2018 7:21am | Edited 11:28am
A trader who uses fibonacci very well and gives free signals if he does the register in XM is Avramis, I have attached one of his signs this week and a video of him.

Inserted Video
Attached File(s)
File Type: pdf EN-EURUSD-20180906-M.pdf   84 KB | 829 downloads
  • #15
  • Sep 8, 2018 10:37am Sep 8, 2018 10:37am
Sorry, I did not send the last post in Portuguese, and the signal also in Portuguese.
I sent the signal back in English.
  • #16
  • Sep 8, 2018 10:57am Sep 8, 2018 10:57am
I separated part of the weekly chart at the time of H4, left.
Notice that after passing the level of 261.8, it only went up
until the next fibo level of 0.236.
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  • #17
  • Sep 8, 2018 11:25am Sep 8, 2018 11:25am
Another way with the same result.
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  • #18
  • Sep 8, 2018 11:47am Sep 8, 2018 11:47am
Measure by the impulse wave or correction wave?
When there is no definite leg of correction we have no choice and most of the time it reaches only up to 161.8 and it does not go up to 261.8.
When you have the correction wave and measure for it, it seems to have a better result and can go beyond 216.8.
I like to use other levels before to confirm if from where I am measuring I have a confirmation of the price.
The level of 127.2 helps to confirm, or the level of 223.6 which is the 0.618 level of 161.8 also helps to confirm.
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  • #19
  • Sep 8, 2018 12:56pm Sep 8, 2018 12:56pm
Fibo monthly in yellow and the next target is 0.786 which coincides with the projection of 100% ¨.
It can generate 700 points for us ...

What I call fibo fractal, to draw fibo within a larger fibo.
What holds the price is the level of 0.618 in the other image.
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  • #20
  • Sep 8, 2018 3:20pm Sep 8, 2018 3:20pm
Quoting Sorobanista
Another way with the same result. {image}
Well, im lil bit lost in tihs picture.
I cant see any chart. wrong posting may be?
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