Fibonacci Trading with Price Action

Quoting FXSiya

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Hi Everyone, I have reread the thread and the system is very good. I am trying to take running trades with the system. I will only look at dailytime and 4hour TF to practise more. I am looking at GBPNZD 4hours TF and i have seen a nice pullback to 50-61.8 fib. Thanks again Pairsniper {image}

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Quoting Sharkdevil

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I have come to share my experience with fibonacci. I have used this system for some time and it is easy. I use a daily fibo indicator that shows me whether or not there is a break. Whenever the price breaks 100% or 0% and goes to 23.6 or 123.6, draw a manual fibonacci from the last bottom / top before tearing to that point of 123.6 / 23.6 or higher. Place orders pending at the 38.2, 50.0, and 61.8 points with exit at 23.6. If the price touches 38.2 and returns to 23.6 cancel the other orders because the market is already retracted {image}

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Quoting scsstnt

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{quote} Looks good,accuracy with fibs very nice indeed,can you share you daily fib indicator please,thank you very much :-)

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Quoting Sharkdevil

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I have come to share my experience with fibonacci. I have used this system for some time and it is easy. I use a daily fibo indicator that shows me whether or not there is a break. Whenever the price breaks 100% or 0% and goes to 23.6 or 123.6, draw a manual fibonacci from the last bottom / top before tearing to that point of 123.6 / 23.6 or higher. Place orders pending at the 38.2, 50.0, and 61.8 points with exit at 23.6. If the price touches 38.2 and returns to 23.6 cancel the other orders because the market is already retracted {image}

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Quoting WDaouFx

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Hey ! congratulations for the thread ! i trade exactly the same as you brother, only that i use stochastic 20 3 3 for and oversold overbought market condition and an ema 200, I take trades in 1h charts always in confluence with the daily chart's trend. One question you always wait for the 50/61.8 fib retracement + test of a resistence or suport? cheers !

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Quoting FXSiya

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Hi Pairsniper, I am still learning and i will only focus on daily timeframe for now. Your system is very good. I see "half cup" on AUDCHF. what your view on TP and how do you incoparate it in your system? Thank you again Pairsniper {image}

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Quoting pairsniper

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{quote} thats not a good trade...that pair already done and reached monthly resistance as i see...even can try one more time upside but that would be 5th wave...5th waves always be painfull even you are on right side... {image}

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Quoting pairsniper

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This is the last example here i share about how to trade fibonacci retracement... USDCAD M15 Sell idea... %61 of last fall also AB=CD formation sell:1.3340 Stop 1.3405 {image}

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Quoting directxxx

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{quote} Just as well ... you have absolutely no understanding of how to use Fibs and should never be trying to teach newbies. Sorry to burst your bubble. I app;pgise for being negative, Not my business.

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Quoting pairsniper

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{quote} said someone still asking from people top and bottom indicator

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Quoting directxxx

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{quote} Suppose I asked for that. Glad to see you are interested in my 2 year old posts. I am almost exclusively a Fib Trader. I use PA and Market Structure on Naked charts. My gripe (for which I apologise) is that you are attempting to teach/help newbies about Fibonacci trading when you clearly don't know how to use them. As I said.... none of my buisiness.... sorry

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