Fibs strength developing method | Forex Factory

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Fibs strength developing method

  • #1
  • First Post: Edited Jan 12, 2011 8:41pm Jan 7, 2011 6:24pm | Edited Jan 12, 2011 8:41pm
I will be using different color fibs to find strong support or resistance. The bigger the trend the higher the color.
Attached Image (click to enlarge)
Click to Enlarge Name: fibs strength.png Size: 27 KB

If lower color level holds i will be hoping that confluence of higher colors will cause some reversals.
I had to add more colors:
Attached Image (click to enlarge)
Click to Enlarge Name: fib strengh 2.png Size: 28 KB
  • #2
  • Edited 8:26pm Jan 7, 2011 6:36pm | Edited 8:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: fibs strengh example.png Size: 38 KB
  • #3
  • Jan 7, 2011 8:23pm Jan 7, 2011 8:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: ex1.png Size: 41 KB

Attached Image (click to enlarge)
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second picture lower tf
  • #4
  • Jan 9, 2011 3:23pm Jan 9, 2011 3:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy1.png Size: 39 KB

Attached Image (click to enlarge)
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261.8 appears to hold.
  • #5
  • Jan 9, 2011 3:56pm Jan 9, 2011 3:56pm
Quoting constin
Attachment
Attachment
261.8 appears to hold.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy3.png Size: 30 KB
  • #6
  • Jan 9, 2011 4:55pm Jan 9, 2011 4:55pm
Only one strong level below the weak level. Very risky but went into the profit zone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.png Size: 35 KB
  • #7
  • Edited 5:32pm Jan 9, 2011 5:16pm | Edited 5:32pm
lower level appears to hold
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.png Size: 32 KB


added stronger fib to the setup:
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad3.png Size: 33 KB
  • #8
  • Jan 9, 2011 5:50pm Jan 9, 2011 5:50pm
Quoting constin
lower level appears to hold
Attachment

added stronger fib to the setup:
Attachment
Attachment
usdcad in the profit zone
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad4.png Size: 35 KB
  • #9
  • Edited 6:27pm Jan 9, 2011 6:04pm | Edited 6:27pm
Nice trade except the stronger levels are a bit too far from each other
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.png Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.png Size: 31 KB

alternative 2 with weak fib level holding:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd3.png Size: 34 KB
  • #10
  • Jan 9, 2011 6:47pm Jan 9, 2011 6:47pm
Quoting constin
Nice trade except the stronger levels are a bit too far from each other
Attachment
Attachment
alternative 2 with weak fib level holding:
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4.png Size: 34 KB
  • #11
  • Jan 9, 2011 6:53pm Jan 9, 2011 6:53pm
weak fib level holds and fells down already:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.png Size: 38 KB
  • #12
  • Jan 9, 2011 7:46pm Jan 9, 2011 7:46pm
Weak level holds
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.png Size: 36 KB
  • #13
  • Jan 9, 2011 8:02pm Jan 9, 2011 8:02pm
Quoting constin
weak fib level holds and fells down already:
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.png Size: 33 KB
  • #14
  • Jan 9, 2011 9:20pm Jan 9, 2011 9:20pm
Quoting constin
Weak level holds
Attachment
Bearish move but way too slow:
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2.png Size: 34 KB
  • #15
  • Jan 10, 2011 1:36pm Jan 10, 2011 1:36pm
possible lower move
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.png Size: 29 KB
  • #16
  • Jan 10, 2011 1:57pm Jan 10, 2011 1:57pm
Quoting constin
possible lower move
Attachment
I've got this wrong. Not enough strong levels to back it up
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.png Size: 29 KB
  • #17
  • Jan 11, 2011 9:36am Jan 11, 2011 9:36am
weak levels seem to hold.Strong levels approaching.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf1.png Size: 39 KB
  • #18
  • Jan 11, 2011 9:58am Jan 11, 2011 9:58am
Quoting constin
weak levels seem to hold.Strong levels approaching.
Attachment
It worked very well
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf2.png Size: 36 KB
  • #19
  • Jan 11, 2011 10:15am Jan 11, 2011 10:15am
Quoting constin
It worked very well
Attachment
I am expecting this to move lower. At least 50 pips from the strong levels.
  • #20
  • Edited 10:22am Jan 11, 2011 10:18am | Edited 10:22am
Quoting constin
I am expecting this to move lower. At least 50 pips from the strong levels.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf4.png Size: 38 KB
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