Square of 8 / timing+fibo strategy

HELLO, im creating the Square of Eight strategy, using timing and fibonacchi squares to setup trades.

Main idea is devide the trading day in blocks of 3 hours. after the first 30min start adding paralels every 3 hours...trends tend to hold for 6 hours if strong ones, and if nitraday reversals, well they last 3 hours... later i add the indi for u to test.

Looks interesting. Thanks for the post

Interesting idea...i already try to GU..got positive result.
Thanks for sharing...

Please can you creat an indicator for this strategy or EA

Yes im into it, need finish my gaps codes this week and from next one one i start all the codings

this UJ today

this GBPUSD wich is exiting the 8 fibo on yellow area into the 8 fibos on green area, i would hold on buy untill next block to see if holds above there or starts reversal back into yellow fibo area.

this gold for next 3 hour block wich in my broker can be different than yours, here i have not the 00-1candle because of trading day pause. so i just have smaller block there... not an issue because no volatile time...

gbpusd is closing now the box hold on buy above 1.3065 otherwise sell

this my setup for gold cmp

Uj can do even lower on other fibo setup

Uj both tp hit gold about to hit tp

1. How are those fibo lines determined and how are they drawn?
2. Can the convectional fibonacci be edited to get those horizontals line or
they are been drawn by a special indicator?
3. How do you determine your entry and exit points?

thank you for your answers

Ok lets try to create the squares, together, first thing needed is indicator that takes last year and devide it by 16(8x2) with straight lines, over wich we can setup trades. example i used 16 fibo from 6.25% of last year.

looks like this on week chart


and like this on 1 hour chart for COFFEE



IF U SEE ALL HIGH AND LOWS MEET ALLOST PERFECT@@COOL HAA

Second part is add the same sized fibo and levels everytime a new 100 begins how to explain, we have year sized fibo but suppose price preak down like gbpusd then added new fibo then another new one each time that 100 breaks down or 0 breaks down.. Like this and we add different colors averytime this happens...

Here is week chart gbpusd



here is m30 chart gbpusd



u see highs and lows meet to set good entry for buy or sell

Once we have that i keep going

Once this is done, we can devide into inter levels wich is every 8 lines we devide again into 16 lines. All lines should meet and should be a part of setup like show interlines yes no... In case of having low spread we can use them...

Then we add timing, can be after first 30min start 3 hour paralels like this

Prices will tend to start trends from horizontal lines when into the timing zone and hold till next box....



to this u add wathever other indi u like to example look for oversold overboght and setup ur trades only at this priceaction levels.

I think easy aproach for anyone who is not experienced

After that we can easy setup orders for buy or sell depending how the candles close on those price action levels

example gbpusd m30