Fibonacci Tools Strategies.
Fibonacci is ane of the most powerful tool for trading. There are many fibonacci tools inward trading platforms: Retracement, Expansion, Fibonacci Fan, Fibonacci Arcs as well as Fibonacci Times Zone.
The beauty of this terms is that piece of employment inward every markets weather as well as on every TF. Ofcourse similar all trading strategies, industrial plant meliorate on higher TF.
Before I'll start to say y'all close strategies using these tools, I desire to brand certain y'all volition piece of employment correctly Fibonacci Retracement:
1. Always depict this tool inward the administration of the tendency ( nosotros desire to run across how much the PA volition retrace, earlier popular off along the top dog tendency - nosotros desire to know the possible destination of the counter tendency ).
2. If tendency is short, click top, drag piece hold pressing click, until bottom as well as liberate click.
3. If tendency is long, click bottom , drag piece hold pressing click, until overstep as well as liberate click.
Now the nautical chart should aspect similar this:
The HH grade used for drawing is non genuinely HH, but it's a previous High ( LH ). You tin flaming piece of employment alone the previous swing's High for measurements.
For the importance of Fibonacci y'all mightiness wanna aspect this article too: Fibonacci Retracement.
1. Fibonacci Retracement + TL BO.
This is ane of the most used strategy using fibonacci retracement. But earlier nosotros continue, y'all must aspect at TL BO Strategies.
Drawing a TL ( on counter tendency ) offering us a non bad entry possibility to larn into the marketplace when:
1. PA failed to BO the 61.8% fibonacci retracement grade ( golden ration ).
2. BO of the TL
3. Tight SL, previous High, earlier BO happen ( or 61.8% fib grade + spread + five pips ).
4. TP is 0.0% fibonacci retracement grade ( the start of the counter tendency - hither PA is possible to neglect to suspension farther )
3. Fibonacci Retracement on multi Time Frames.
Another profitable way of trading fibonacci is to depict it on a higher fourth dimension frame as well as aspect for entry on lower TF. For instance depict fibonacci on Daily nautical chart as well as aspect for entries on H1.
For this y'all ask all fibonacci levels for retracement added inward the "Properties". To become there, piece of employment this way. Here y'all should convey all those levels: 23.6%, 38.2%, 50%, 61.8%, 70.7%, 78.6%.
1. Draw Fibonacci Retracement on Daily nautical chart ( same equally previous instance ).
2. Lower the TF to H1 as well as aspect trades on every grade ( purchase counter tendency or sell correction over ) similar Trend Lines Strategies or Support/Resistance Lines Strategies. Careful attending on 32.8%, 50% as well as 61.8%. In those expanse correction should end. In instance correction is alone 32.8% a fast downwardly tendency normally occur.
3. TP = adjacent grade / contrary TL BO / Trailing Stop.
4. SL = adjacent grade / contrary TL BO / Move SL manually on previous HH/LL.
Best Regards,
^^_Lord_Ice_^^
The beauty of this terms is that piece of employment inward every markets weather as well as on every TF. Ofcourse similar all trading strategies, industrial plant meliorate on higher TF.
Before I'll start to say y'all close strategies using these tools, I desire to brand certain y'all volition piece of employment correctly Fibonacci Retracement:
1. Always depict this tool inward the administration of the tendency ( nosotros desire to run across how much the PA volition retrace, earlier popular off along the top dog tendency - nosotros desire to know the possible destination of the counter tendency ).
2. If tendency is short, click top, drag piece hold pressing click, until bottom as well as liberate click.
3. If tendency is long, click bottom , drag piece hold pressing click, until overstep as well as liberate click.
Now the nautical chart should aspect similar this:
The HH grade used for drawing is non genuinely HH, but it's a previous High ( LH ). You tin flaming piece of employment alone the previous swing's High for measurements.
For the importance of Fibonacci y'all mightiness wanna aspect this article too: Fibonacci Retracement.
1. Fibonacci Retracement + TL BO.
This is ane of the most used strategy using fibonacci retracement. But earlier nosotros continue, y'all must aspect at TL BO Strategies.
Drawing a TL ( on counter tendency ) offering us a non bad entry possibility to larn into the marketplace when:
1. PA failed to BO the 61.8% fibonacci retracement grade ( golden ration ).
2. BO of the TL
3. Tight SL, previous High, earlier BO happen ( or 61.8% fib grade + spread + five pips ).
4. TP is 0.0% fibonacci retracement grade ( the start of the counter tendency - hither PA is possible to neglect to suspension farther )
2. Pending Orders on Fibonacci Retracement Levels.
This is ane of the most profitable fibonacci strategy because y'all ever merchandise amongst this inward the administration of the tendency only. ( "the tendency is your friend " ).
For this, nosotros volition piece of employment same instance equally the previous strategy chart. This strategy industrial plant meliorate from H1 to Weekly chart.
1. Draw the fibonacci retracement from overstep to bottom ( since our nautical chart has top dog tendency brusk ).
2. Put pending Sell Limit Orders on 32.8%, 50% as well as 61.8% ( nosotros hold off PA volition provide to brusk tendency at ane of those levels ).
3. As SL piece of employment 61.8% or 78.6% grade ( if PA BO the 61.8% from the large top dog swing, nosotros mightiness convey a modify of the trend, from short, to long, inward our instance ).
4. For our kickoff TP, nosotros volition convey 0.0% grade ( or the LL - nosotros hold off this to last BO or rejection from it, when PA volition autumn downwardly )
5. For the adjacent ii levels of TP, nosotros tin flaming piece of employment Fibonacci Expansion. 100% as well as 161.8% ( drawn same equally retracement tool - click top, drag bottom, as well as then click as well as conform the retracement trouble to the correction destination - close 50% retracement level, inward our instance - the cherry dotted trouble ).
At this strategy y'all mightiness wanna reckon this:
a) If alone 1 pending fellowship hitting ( kickoff 32.8% ) as well as PA follow the top dog tendency down, delete the other ii pending orders. As TP piece of employment TP 3. ( 161.8% - expansion tool cherry ). If counter tendency was therefore weak to touching alone this level, that agency stronger top dog tendency downwardly coming ).
b) If ii pending orders were hitting ( 32.8% as well as 50% ) delete the 61.8% pending as well as equally TP y'all tin flaming piece of employment TP 1 for fifty %, TP ii for 32.8%.
c) If all iii pending orders were hit, y'all tin flaming piece of employment TP 1 for 61.8%, TP ii for 50% as well as TP iii for 32.8%.
d. Also y'all tin flaming piece of employment Trailing Stop or motility SL manually afterward each BO, to the previous HL until BE.
3. Fibonacci Retracement on multi Time Frames.
Another profitable way of trading fibonacci is to depict it on a higher fourth dimension frame as well as aspect for entry on lower TF. For instance depict fibonacci on Daily nautical chart as well as aspect for entries on H1.
For this y'all ask all fibonacci levels for retracement added inward the "Properties". To become there, piece of employment this way. Here y'all should convey all those levels: 23.6%, 38.2%, 50%, 61.8%, 70.7%, 78.6%.
1. Draw Fibonacci Retracement on Daily nautical chart ( same equally previous instance ).
2. Lower the TF to H1 as well as aspect trades on every grade ( purchase counter tendency or sell correction over ) similar Trend Lines Strategies or Support/Resistance Lines Strategies. Careful attending on 32.8%, 50% as well as 61.8%. In those expanse correction should end. In instance correction is alone 32.8% a fast downwardly tendency normally occur.
3. TP = adjacent grade / contrary TL BO / Trailing Stop.
4. SL = adjacent grade / contrary TL BO / Move SL manually on previous HH/LL.
Best Regards,
^^_Lord_Ice_^^
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