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Quoting kenshi22DislikedHi Friend, My nickname is kenshi22.<o></o>
First I have to sorry cause english is not my primary language. So there is must be some word cannot understand.<o></o>
After several years use this technic, I want to share my classic methode with you all.<o></o>
Well this is not new thing for you, but I think you must know about it..<o></o>
My technic is simple 123 with fibo and candle pattern (no indicator).<o></o>
So lets learn about my Methode. <o></o>
- Find swing high and swing low.<o></o>
- Draw fibonacci retracement, use swing high and swing low.<o></o>
- Find Spinning Tops candle at 50% area<o></o>
- Find confirmation candle after that (BULL or BEAR)<o></o>
- Make PRICE PROJECTION with fibonacci expansion. Use Swing High and Swing Low. First PRICE PROJECTION in FE 100 and Second PRICE PROJECTION in FE 161.8<o></o>
- Take action After confirm candle (BUY or SELL)<o></o>
Just that it.<o></o>
3 thing you must remember as your rule to trade.<o></o>
- Don’t trade if not find reversal candle.<o></o>
- Open 2 trade with same SL and different TP.<o></o>
- If one position hit first TP then move SL the other one to BEP +or- 10 pips (depends the action …BUY or SELL) if BUY move SL to BEP+10, if SELL move SELL to BEP-10. and wait till TP2 is HIT.<o></o>
I can use this trade methode with any time frame and any trend (sideway or strongtrend). Bigger TF Bigger TP Bigger Risk. Smaller TF smaller TP smaller Risk. <o></o>
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For example you can see it in picture below.<o></o>
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Ok that’s all friend. Thanks for your attention.<o></o>Ignored