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Fibonacci Retracement Scalping Strategy

  • #21
  • Jul 27, 2023 1:28pm Jul 27, 2023 1:28pm
Approaching
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  • #22
  • Jul 27, 2023 2:25pm Jul 27, 2023 2:25pm
Quoting FireScape
Approaching {image}
currently up $120
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  • #23
  • Jul 27, 2023 3:10pm Jul 27, 2023 3:10pm
Quoting FireScape
Approaching {image}
following HTF market structure
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  • #24
  • Jul 27, 2023 4:01pm Jul 27, 2023 4:01pm
Quoting FireScape
Approaching {image}
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  • #25
  • Jul 28, 2023 5:46am Jul 28, 2023 5:46am
i project fibo from d (0) to e (100)
and expect to enter at f (minimum 50% pullback) to go long with the following example.
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  • #26
  • Jul 28, 2023 6:43am Jul 28, 2023 6:43am
I know it's Friday, and this is not live, just a drawing on Tradingview... but I am highly intrigued!
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  • #27
  • Jul 28, 2023 8:47am Jul 28, 2023 8:47am
Quoting oo7rai
i project fibo from d (0) to e (100) and expect to enter at f (minimum 50% pullback) to go long with the following example. {image}
I played around with the 50% too, I like that as well.
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  • #28
  • Jul 28, 2023 8:47am Jul 28, 2023 8:47am
Quoting HazHazHaz
I know it's Friday, and this is not live, just a drawing on Tradingview... but I am highly intrigued! {image}
Perfect! I’m currently looking at pullbacks after CHoC and BOS and seeing the difference
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  • #29
  • Jul 28, 2023 8:54am Jul 28, 2023 8:54am
Quoting FireScape
{quote} Perfect! I’m currently looking at pullbacks after CHoC and BOS and seeing the difference
Sorry what does CHoC mean exactly?
  • #30
  • Jul 28, 2023 9:01am Jul 28, 2023 9:01am
Quoting HazHazHaz
{quote} Sorry what does CHoC mean exactly?
Just different ways to observe market structure behavior
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  • #31
  • Jul 28, 2023 9:06am Jul 28, 2023 9:06am
Quoting FireScape
{quote} {image}
These "shorter" setups seems the most profitable to me. A CHoCH created by an aggressive move and price quickly pulls back, creating a short term setup
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It's also how a profitable trader I follow uses this system as well
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  • #32
  • Jul 28, 2023 9:11am Jul 28, 2023 9:11am
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You can change the settings here to show BOS or CHoCH
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  • #33
  • Jul 28, 2023 9:15am Jul 28, 2023 9:15am
Quoting HazHazHaz
{quote} Which BOS/ CHoCH indicator do you use on Tradingview?
In my last post I uploaded a screenprint of it. Smart Money Concepts - change structure to CHoCH only and turn off everything else
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  • #34
  • Jul 28, 2023 9:18am Jul 28, 2023 9:18am
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  • #35
  • Jul 28, 2023 9:19am Jul 28, 2023 9:19am
Quoting FireScape
{quote} In my last post I uploaded a screenprint of it. Smart Money Concepts - change structure to CHoCH only and turn off everything else
Thanks Firescape. So we are only focusing on CHoCH for this strategy now ya?
  • #36
  • Jul 28, 2023 9:22am Jul 28, 2023 9:22am
Quoting HazHazHaz
{quote} Thanks Firescape. So we are only focusing on CHoCH for this strategy now ya?
I'm currently focusing on this style. CHoCH aggressive break through and quick pullbacks. Feel free to experiment with any style though, as I believe this simple concept is the great starting point for a profitable setup. Just make sure to use .70 and .382
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  • #37
  • Jul 28, 2023 9:41am Jul 28, 2023 9:41am
Quoting FireScape
{quote} These "shorter" setups seems the most profitable to me. A CHoCH created by an aggressive move and price quickly pulls back, creating a short term setup {image} It's also how a profitable trader I follow uses this system as well {image}
You like 5 min setups?
  • #38
  • Jul 28, 2023 9:45am Jul 28, 2023 9:45am
Quoting driven18
{quote} You like 5 min setups?
I prefer M5, but the market is fractal, I believe a system like this exists on most time frames
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  • #39
  • Jul 28, 2023 9:48am Jul 28, 2023 9:48am
Quoting FireScape
{quote} I'm currently focusing on this style. CHoCH aggressive break through and quick pullbacks. Feel free to experiment with any style though, as I believe this simple concept is the great starting point for a profitable setup. Just make sure to use .70 and .382
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  • #40
  • Jul 28, 2023 10:25am Jul 28, 2023 10:25am
In the meantime +100 pip profit exit.
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