Fib 4Hour MTF Moving Average

Hi all, is there anybody who is trading with this system?

Robby2007,

is this correct fibo placement and potencial entry?

Hello from a long time dudes, well i haven´t been here for quite a while but for those asking, yes i use this method along with others i have, i will be checking again if there is somebody who needs help in this thread, the method is very succesful but needs a little bit more analisis before jumping into a trade...

Alex, i use the last swing high and low to draw the fibs (the last swing that haven´t retraced at least to the 38.2 fib), your first pic is way too up, use the last impulsive wave to draw the fib, the second one is correct

EDIT: Sorry buddy i didn´t realized the first one is on a 15M CHART, so yes it is correct

Yes, first chart is M15 and second is H4 ;-) Thanks for quick reply :-)

Tell me, is this metod good for usd/jpy?

Hi robby2007,

another question for you:-)

Is this correct fibo placment? And if it is, entry should be @ 38.2% buy?

Hi, is this correct fibo placement?

It look's like its ok :-)