Ema - Fibo Trading System

This trading system is known by all market makers and used often times. It is too easy to understand and apply.

Buy if there is ema (21, 200) and fibo retracement level (38, 50, 61) in an uptrend (4H chart)

Sell if there is ema (21, 200) and fibo retracement level (38, 50, 61) in a downtrend (4H chart)

It is better to accompany by a candlestick pattern like engulfing bar, pinbar, harami (inside bar), doji, tweezer tops/bottoms etc.

EXAMPLES:

How do you determine the starting point of your fibo?
It looks extremely descretionary.

Mostly, its from the recent HL in an uptrend
& the recent LH in a downtrend.

nearest swing high and lows, but it is a little optional. it needs some eye familiarity.

Buy setup on AudChf

usdjpy sell setup

Good job making this thread @TheBestMa,

In my opinion, as I am using Fibonacci too to confirm the trade. This method will work wonderfully if we know the higher time frame trend. Maybe you can give a more detail description of how we use it.

A question, how long you use this method and what is the setback you have found during the use of this method?


Regards,
Tom