Square of 8 / timing+fibo strategy | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fibo Fibo Fibo 14 replies

fibo alert indicator - get alerts on fibo levels 4 replies

How do differentiate between Fibo and Fibo TimeZones? 4 replies

Exit strategy: Timing and aiming 16 replies

Attachments: Square of 8 / timing+fibo strategy
Exit Attachments

Square of 8 / timing+fibo strategy

  • #41
  • Aug 15, 2016 12:15pm Aug 15, 2016 12:15pm
Quoting Danielant
Using eurusd h4 we could have taken this orders {image}
Hi, this is a very interesting strategy, hope to get more insight into this.

I have tried to produce the lines as you have on my charts but I am still unable to do so.

Can you please provide a template??

Thank you.
  • #42
  • Aug 15, 2016 1:43pm Aug 15, 2016 1:43pm
Try this for eurusd FROM MY BROKER LAST YEAR PARAMETER IS HIGH 1.21071 AND LOW 1.04169 u will have to draw 2 fibs on same scale as fib tool does not allow 33 lines (AND SHARE RESULTS STRATEGY IDEAS )

Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 53 KB
Attached File(s)
File Type: tpl EURUSD.tpl   2 KB | 328 downloads
  • #43
  • Aug 15, 2016 1:44pm Aug 15, 2016 1:44pm
Quoting Renkosignals
{quote} Hi, this is a very interesting strategy, hope to get more insight into this. I have tried to produce the lines as you have on my charts but I am still unable to do so. Can you please provide a template?? Thank you.
Try this for eurusd u will have to draw 2 fibs on same scale as fib tool does not allow 33 lines (AND SHARE RESULTS STRATEGY IDEAS )
  • #44
  • Aug 15, 2016 2:07pm Aug 15, 2016 2:07pm
Quoting Danielant
Try this for eurusd FROM MY BROKER LAST YEAR PARAMETER IS HIGH 1.21071 AND LOW 1.04169 u will have to draw 2 fibs on same scale as fib tool does not allow 33 lines (AND SHARE RESULTS STRATEGY IDEAS ) {image} {file}
You mean the HIGH and LOW of 2015 ? because i am kinda getting missed out which swing high and low to choose to plot the fib
  • #45
  • Aug 15, 2016 2:17pm Aug 15, 2016 2:17pm
Quoting Heaveneze
{quote} You mean the HIGH and LOW of 2015 ? because i am kinda getting missed out which swing high and low to choose to plot the fib
yes 2015 year high low
  • #46
  • Aug 15, 2016 2:28pm Aug 15, 2016 2:28pm
Quoting Danielant
{quote} yes 2015 year high low
Why did you chose to use the high and low of last year? Is it possible to use the high and low of previous month, week or even day?
  • #47
  • Aug 15, 2016 3:00pm Aug 15, 2016 3:00pm
Quoting Danielant
{quote} Try this for eurusd u will have to draw 2 fibs on same scale as fib tool does not allow 33 lines (AND SHARE RESULTS STRATEGY IDEAS )
Thank you, I will certainly try it out and let you know.
  • #48
  • Aug 15, 2016 5:42pm Aug 15, 2016 5:42pm
Quoting Heaveneze
{quote} Why did you chose to use the high and low of last year? Is it possible to use the high and low of previous month, week or even day?
maybe but u have spread and i dont like scalping too much
  • #49
  • Aug 15, 2016 5:43pm Aug 15, 2016 5:43pm
try coding this is too much time wasted in drawing fibs haha
  • #50
  • Aug 15, 2016 5:47pm Aug 15, 2016 5:47pm
today im buy euro because my indi, remember any indi of ur strategy can work, is on buy so im buying tp 2 blocks because next higher is a double top wich can break, and sl 1 block down. ALso on this tf looks a kind of H&S inverted.

Attached Image (click to enlarge)
Click to Enlarge Name: er.png Size: 49 KB
  • #51
  • Aug 15, 2016 5:53pm Aug 15, 2016 5:53pm
so now that i have an idea of eurusd go up then i look to buy example EURAUD for news but from where? well if breaks higher block tp next one or next 2 because of news... or if drop first buy from lower block wich looks like best entry... NOT FROM CMP, avoiding this way any chance of FLOATING DD.

Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 32 KB


ALSO SHARE U EURAUD SQUARE SETUPS
Attached File(s)
File Type: tpl EA.tpl   2 KB | 514 downloads
  • #52
  • Aug 15, 2016 6:07pm Aug 15, 2016 6:07pm
Also EURUSD looks like bullish flag

Attached Image (click to enlarge)
Click to Enlarge Name: er.png Size: 28 KB
  • #53
  • Aug 15, 2016 6:13pm Aug 15, 2016 6:13pm
Using usdchf doing same setup on month chart leaves no room ... Look

Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 16 KB
  • #54
  • Aug 15, 2016 6:16pm Aug 15, 2016 6:16pm
This is day chart fits very good but!! You have spread bro and spread eats ur levels...

Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 17 KB
  • #55
  • Aug 15, 2016 6:16pm Aug 15, 2016 6:16pm
So year chart is best on my view....
  • #56
  • Aug 15, 2016 6:19pm Aug 15, 2016 6:19pm
Finally this is year chart usdchf, look how good prices fit...

Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 20 KB
Attached File(s)
File Type: tpl UCH.tpl   2 KB | 308 downloads
  • #57
  • Aug 15, 2016 6:20pm Aug 15, 2016 6:20pm
And u have enough room to buy sell sl or add more
  • #58
  • Aug 15, 2016 6:39pm Aug 15, 2016 6:39pm
Quoting Danielant
And u have enough room to buy sell sl or add more
Very simple and promising.
  • #59
  • Aug 15, 2016 8:36pm Aug 15, 2016 8:36pm
And dd avoided

Attached Image (click to enlarge)
Click to Enlarge Name: EA2.png Size: 40 KB
  • #60
  • Aug 16, 2016 3:14am Aug 16, 2016 3:14am
So eurusd is about hit tp, if rejects from that line then we can sell and also close EURAUD wich was weaker..

Attached Image (click to enlarge)
Click to Enlarge Name: er.png Size: 16 KB
0 traders viewing now