Analysis and signal 2

Discussion in 'Technical Analysis' started by forextrader1990, Nov 28, 2020.

  1. I edited my strategy. So I decided to start a new thread.

    This is the previous thread:
    https://www.elitetrader.com/et/threads/analysis-and-signal.340008/

    This is a part of the strategy. Read this thread before reading anything else:
    https://www.elitetrader.com/et/threads/a-strategy-that-is-a-secret.339655/

    You should trade when the price comes back to the break point. It often happens. About 99%. For finding return points, 61.80% , 100% , 161.80% lines of fibonacci are the most important lines.
    You need experience. Check the past to see more examples.

    How I trade?
    For example, In an uptrend trend line, When the price breaks out the trend line, after 60 pips, I buy. I put 40 pips TP and put the SL, 50 pips in below of the 261.80% of the fibonacci.
    The SL is so big but I have to put a big SL. And it profits about 99%. Check the past.
    If the price touched the 100.0%, I buy again. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the fibonacci.
    If the price touched the 161.80%, I buy again. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the fibonacci.
    Sometimes 161.80% of the fibonacci is near to the break point. In these cases, I use the 261.80% instead of the 161.80%.
    Work in the H4 time frame.
    For the first trade, Sometimes I wait more than 60 pips for a better TP.
    If the price touched the 261.80%, I buy again and the volume will be *3. I put the TP on the first TP and put the SL, 500 pips in below of the 423.60% of the fibonacci.
    For a 1000$ account the volume should be 0.01.
     
  2. If you want to learn this strategy perfectly, check the past as much as you can.
     
  3. SunTrader

    SunTrader

    Often is not 99% o_O

    You need experience before telling others what they need.
     
  4. Sell EURAUD: 1.6359
    TP: 1.6298
    SL: 1.8010

    [​IMG]
     
  5. Sorry. That's because my English is weak. I thought often can be 99%.
     
  6. If you can't see the pictures and pictures don't open, You can use internet explorer. Internet explorer shows the pictures.
     
  7. Result: +61 pips