Fib Trding
Hey guys, today i was reading your replies for using the fib system. in my opinion, or as a one year trader, i have leanred a succesfull system of using the fib, and i would like to share them with you.
i use fib all the times, in all pairs, and with 4hr chart, 1 hr or even 30minutes
while a pair found high and lows, usualy, it stalls at its 50% fib, but we dont sell or dont buy there.
A sell signals generates only if the price failed 2 or 3 times. or if the price broke its 50%, and the next candle makes low lower than the previous candle.
For and example, i have used these systems, and i gained a lot of pips and money. So, plz if i dont disturb you, open now the following charts and you will understand more what i am saying:
GBP/JPY 4 hr, and draw the fib lines from 251.18 - 219.20
on 26 aug, i sold this pair when the first candle broke 50%, and next candle made low,lower than the preivous candle, and placed stop loss at the candles high. so i took 300 pips,
As you continue, you will see the next tauch in 31 aug. and again it failed to break, the next red candle, so i sold again and i took again 200 pips.
Later, on sept. 30, the price broke its 50% retracement, i bought the pair 5 pips above the first failur. so i bookd another 100pips, and i think this pair should go to it 62% fib.
I have another example, and again sorry if i am disturbing you
I have NZD/JPY , plz draw a fib lines from 97.76 - 74.22 in 4 hr chart
you will see that the price stalled at in its 50% fib. at 86, where you cant sell or buy unless a failur occurs, so if you take a closer lookm to the candle dated 24 sep, and time 13.00, you will c that the price tauched 50% , and made a low lower than the previous one, so i sold and my loss was at high of the candle, and i took around 80pips. and directly i placed an order to buy the pair at 5 pips higher than this candle, so i took another 80 pips, and as u see the price went to 62%and stalled again, and now i have another buy order at the break of 62%
This was my fib system, and i hope it is a good one for you, i only use this system in fib. and i want to thank you for giving ur time to read this,