Trading Fib Zones | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Fibonacci Time Zones and Support and Resistance? 20 replies

Trading with REAL support and resistance (Big volume zones) 10 replies

Trading setups around SR Zones 183 replies

Trading highly probable fib zones method 2 replies

Deep Fib Zones with Daily High/Lows 20 replies

Attachments: Trading Fib Zones
Exit Attachments

Trading Fib Zones

  • #81
  • Jan 13, 2009 11:45pm Jan 13, 2009 11:45pm
Quoting mima
Hello

I am using #PH#FibonacciZoneLevels-3.ex4. my broker has five decimals and indicator was written for four and two decimals. Can some one fix this so I can uase this indicator?


thank you
mima
Im having the same issue, I use FXPro and it has 5 decimals which effects this indicator. Can anyone Help please
  • #82
  • Feb 2, 2009 9:47am Feb 2, 2009 9:47am
Hi guys My first post question how do you manage the trade once you are in?
Do you just let it ride to the next zone or do you use trailing stops?
Thanks
  • #83
  • Edited 6:18am May 23, 2009 6:07am | Edited 6:18am
Anyone still trading with this method?

I use this method so now and then, for getting a better view of the bigger picture. Now I was drawing some lines on the E/U daily chart and look what I came up with.

The last bull rally hit the 1596 zone of the march 4 low TO THE PIP !

Not only a major fib zone, but also a touch of the upper pink trendline, which functions as a great resistance as you may notice on the chart.
Also notice the bearish divergence yellow line on the AO oscillator, which makes it even a tronger confirmation, that this thing only can go down from this point.

Now notice the harmony on this one.. if you take the 61.8 retracement of the 1596 zone , it all comes down to one point!
A cross of the lower pink trendline and the huge white trendline . A 50.0 retracement of the march 23 high. And a 610 fibzone, which also is the 987 fibzone of the new predicted move down.

Potential 1000 pip trade with a very small SL of 50 pip , which makes it a 1:20 R/R ratio !!
Attached Image (click to enlarge)
Click to Enlarge Name: mouteki_eurusd.gif Size: 26 KB
  • #84
  • May 23, 2009 7:25am May 23, 2009 7:25am
hi bassd & all

this is my eu chart :

http://i42.tinypic.com/5wiafd.gif

and also dollar index downtrend fib zones is very nice.

http://i40.tinypic.com/fbm79u.gif

happy trading
  • #85
  • May 23, 2009 8:00am May 23, 2009 8:00am
also audusd :

http://i44.tinypic.com/2imddl.gif
  • #86
  • May 23, 2009 8:06am May 23, 2009 8:06am
really like your charts me_sa245. Your E/U chart not very different from mine. We definitely agree on one thing , were heading for some serious pips downward from now on

Also the double top formed on the Dow is great confirmation.
  • #87
  • May 23, 2009 9:18am May 23, 2009 9:18am
Quoting me_sa245

hi to fib Zones traders



there is an indicator that plots fib zones in your chart.
this indicator let you to have one of up or down fib zones or both them.

A: in default setting you have both up and down trend fib zones. if you doesn't need one of them, you can false it.


http://i37.tinypic.com/2dmcbqw.jpg


[left]B: [color=black]to have stable levels and prevent form relocating fib levels after MT4 platform restart, after setting...

Hello

Could you tell how to place this indicator....?Do I enter number for start position...? thank you
The Market pays you to be disciplined
  • #88
  • May 24, 2009 10:51am May 24, 2009 10:51am
Quoting mima
Hello

Could you tell how to place this indicator....?Do I enter number for start position...? thank you

you just place the zero line to the high/low of your choice by doubleclicking and dragging. After that you have to refresh the chart by switching to another timeframe , so that the other fibzonelines are automaticly placed on the right spot.
  • #89
  • May 24, 2009 11:04am May 24, 2009 11:04am
Quoting mima
Hello

Could you tell how to place this indicator....?Do I enter number for start position...? thank you
hi mima

after adding the indicator to chart, you must true one of the downtrendlevels key ( for down trend ) or uptrendlevels key ( for up trend ) then click ok and go to chart. some cases indicator choice the proper point to start poin (not always).
What's a proper start point to set the fibo zones ?
the point that trend starts from there and each retracement waves cannot retrace more than 61.8 percept of main wave.

doubleclick on the zero level and replace to start point, now change the time frame to set other levels .

happy trading
  • #90
  • Jul 14, 2009 6:39am Jul 14, 2009 6:39am
Quoting misterboy
Heres what my chart looks like after adding the indicator. It looks very messy, is this normal? Or am I doing something wrong?

Thanks
i need fib andi for 5 digits borokers.have some body fib andicator for 5 digits?
thanks
thanks erfan
  • #91
  • Oct 17, 2009 2:43pm Oct 17, 2009 2:43pm
Here you go, in the settings you have to set pipets to "true" for it to caculate it to the 5th digit.
Attached File(s)
File Type: ex4 FibonacciZoneLevels-3.ex4   15 KB | 1,114 downloads
  • #92
  • Feb 19, 2010 4:25am Feb 19, 2010 4:25am
Quoting me_sa245

hi to fib Zones traders


there is an indicator that plots fib zones in your chart.
this indicator let you to have one of up or down fib zones or both them.

A: in default setting you have both up and down trend fib zones. if you doesn't need one of them, you can false it.


http://i37.tinypic.com/2dmcbqw.jpg


[left]B: [color=black]to have stable levels and prevent form relocating fib levels after MT4 platform restart, after...
welcome
it is possible that you send me the indicator
because this forum has something to do with the code and does not work
thanks
  • #93
  • Apr 6, 2010 3:41am Apr 6, 2010 3:41am
Hi FLY LOW

Thank you for the Indicator FibonacciZoneLevels-3.ex4.

Would u kind to help me to modify this indicator with setting "Daily Price Open" & Plot Level to Upside/Downside.

Many thanks
  • #94
  • Jun 3, 2010 1:59am Jun 3, 2010 1:59am
Quoting Fly Low
Here you go, in the settings you have to set pipets to "true" for it to caculate it to the 5th digit.

Thx Fly Flow
I appreciaite you modifying the indicator .......it's always on my chart

I have request, .......with my scalping method ......my entry and stop loss values are at pull- back to Fib numbers...... would it be possible make additional levels ( say 21, 13 and ) to this indicator ...

thanks again
Andrew
  • #95
  • Last Post: Nov 8, 2012 2:24pm Nov 8, 2012 2:24pm
Anyone still trading this method??
0 traders viewing now