Fibonacci Retracement Scalping Strategy

Quoting FireScape

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This is my current trade - deviated from drawing from the Ema on this one - but it’s a nice pullback and works well with the original entry conditions. still finding which setups works best for me, but they’re all so delicious targeting the .382 level {image}

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Quoting Adam1983

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Hi sir, very interesting. But i'm abit confuse your setting for Fibo. Usually level 0.0,23.6,38.2,50.0,61.8,100.... Can you advise your setting for fibo please. Thanks alot

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Quoting FireScape

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{quote} .7 or 78 is the pullback area I look for. .3 or .38 is TP usually

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Quoting nozzer

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@firescape,thanks for this,isnt it amazing how the .7 line is respected by price?

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Quoting FireScape

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CPP is is now fully automated and I'm still on the hunt for a robust and nuanced trading system that's engaging to trade and flexible to trade in all markets. Feel free to google Fibonacci, as I'm not going to go in to detail about what it is and how it works. Timeframes: M15 for BIAS (optional) M5 for ENTRY Entry rules //M5 Time Frame - Wait for a structure break, best identified as two low or highs being broken. Best results if BoS is after a significant run in price. //After the break of structure and a nice run of price, wait for price to start...

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Quoting PapaSquat

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{quote} Love what you got here, did a quick sample on audusd from the last couple days and it worked out great! Gonna test out some more and then implement. What timezone are you referring to when not recommending after 1030? Thank you so much for posting this!

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Quoting FireScape

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{image}

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