I am new to this, I haven't even grasped the fibo concept yet, but that's ok I can look at graphs and know what's going on for the most part.
I have the EUR/USD on 4 hours here, with yellow arrows pointing to the entries and exits.
My image is simple really, by looking at this graph, using the Vegas model #1 and #2.
The pattern I see here is for the most part slow but safe (so it seems).
I should Enter when it breaches the first red line... F1 or Fibo 1 I think is what it's called. and then exit when it crosses over the median and possibly more.
Is there a similar system out there? something as simple as this?
Any thougts? All feedback is greatly appreciated.
I have the EUR/USD on 4 hours here, with yellow arrows pointing to the entries and exits.
My image is simple really, by looking at this graph, using the Vegas model #1 and #2.
The pattern I see here is for the most part slow but safe (so it seems).
I should Enter when it breaches the first red line... F1 or Fibo 1 I think is what it's called. and then exit when it crosses over the median and possibly more.
Is there a similar system out there? something as simple as this?
Any thougts? All feedback is greatly appreciated.
