Forex-Trading using Fibonacci-Lines and MACD-Divergences

[parsifal23]

[langtitle=de]Dow-Short[/langtitle]

That was a beatiful example how FibonacciExtension and Divergence walk hand in hand : Look at the red arrow in the indicator-window (it always pops up 2 candles later):
Didn´t expect though that the Dow will go down that much, jumped into another short an hour after closing the first trade !!

 

[parsifal23]

[langtitle=de]All that glitters[/langtitle]

The following Gold-Chart is a real Beauty and was highly profitable too:

[/lang]

 

[parsifal23]

[langtitle=de]More Downward Pressure on USD/JPY expected[/langtitle]



as you can see easily: when you draw Fibonacci - Retracement on the monthly chart from the High of July 2007 to the Low of August 2011 and watch the continuation until now you can identify that Price retraced exactly to the 61.8-Level and stopped there. You´ll also notive a bearish engulfing candle from Jan 14 which suggests more downside (a similar bearish engulfing candle you´ll notice at the daily chart from 1/31 I don´t think that´s a conicidence.
The big question will be : Is the 50.00-Line our next target (100.23) or will it move all the way down to the 94-area , the 38.2 Retracement before continuing its uptrend....
Keep in mind though that the yearly Pivot is at 98.20. On the 4 hr chart a bearish divergence appeared Friday afternoon, another bearish signal. Following the last bearish Divergence on the 4 hr chart from 23rd of Jan. would have brought approximately 250 pips......

 

[parsifal23]

Another successful trade after spotting an obvious Divergence, a textbook-example of how to use it :

 

[parsifal23]

4 nice trades from yesterday using MACD-Divergence-Indi, like it more and more. If I´m wrong I usually get out with a 15 - 30 pips loss, but that´s nothing compared with the potential reward of successful trades. No reason to post small losses, everyone has....

 

[parsifal23]

Trade of the week(year !?) : Even if it hits SL I can collect 32552 USD for that one



Another nice winning trade, my Indi alerted me to that one :



I´m more than happy with that performance, of course I lost some too, but it was not more than 5 % of my gains...

 

[parsifal23]

Closed both trades a little too early but no reason to complain (who would complain about ca. 430 pips ?), my GBP/USD short was maybe too early, we´ll see...