my Fibonacci box method, amazing method

hi

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ok

i have decided to share

this is a 5 minute day trading method . for EU


target is 7 pips

If you get 2 winners at 7 pips each , stop trading and do something else

i use 00 20 50 80 levels , but the trick to this system is to use Fibonacci with 50 % level only .

ok, how to use the Fibonacci ?

simple . if the price is in between 00 and 20 drag the fib level from the 20 level to 00 level , and the 50% horizontal line will be in-between

the trick is to wait for the price to break the 50 "% and hit say the 20 level above this is the price action we need to see then look for LH LL from the 20 level enter

short and hold for 7 pips , the open and close must be above the 50% level before entry considered

only take 1 trade per level bounce , for example if the price hits 20 above then does not hit the 50 % then returns to hit 20 again that's still you in the trade


if you enter blindly at the 20 area without LHLL your guessing

use a 20 pips stop

if you get stopped out close pc

any questions feel free to ask

make sure you avoid red news 15 min before and after

trading time gmt london open until gmt london close

an indicator that shows LL LH. HL HH

Would be good