Hi guys !
This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look.
Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
The special...
Made for observation and study purposes.
This is one of the most fascinating charts I have ever created. Markets are geometric in design and function, therefore, I always tend to stick with geometric principles and not limit myself to using straight lines only.
The following chart - is concentrated on time study. You will be astonished to see it in action. I...
Identify horizontal support and resistance lines using your choice of 6 methods.
Available options
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4...
hey traders,
this Monday I want to share with you my thoughts about dollar yen currency pair.
As the market has been violated 113 structure level, I anticipate bullish continuation up until
at least 114 level.
As the market reaches 114 I will be looking for counter trend opportunities.
One of them is this potential bearish abcd pattern.
It is an easily...
Using triple charts, TDI' Complementary Overlay, TDI' PRO and a basic entry rule we can make profitable trades possible.
Based on the condition of using an account with just under $5,000 trading account capital, with 1:500 leverage, with a deposit margin of ~$80, a single trade with lot size of 0.35
~ $310 Profit, 1 trade in one day
Third Chart use example
Hi all,
I felt compelled to spend quite a bit of time to create what I believe is an incredibly comprehensive guide to understanding the movements of the market. If you're tired of getting burned on every run, then look no further. Let's begin.
You might notice a handful of purple and black bars in this chart- their purpose is to designate "structures", or zones...
1. Divergence
2. Trend Line Break
3. 123 Reversal Pattern
123 Reversal Pattern:
At point 3, the market is at
the crossroads and price can
either make a new low or
confirm a change in trend
once price takes out point 2.
As the most liquid market in the world, Forex or foreign exchange attracts more and more retail traders. Everyone comes to the market with different expectations but aims for the same thing: to make money. Pin bar trading is a simple, yet effective trading strategy that offers excellent risk-reward ratios.
What Makes a Pin Bar?
Before more details, we need to...
Hey everyone,
third Video about fibonacci.
In this video I talk about Fibonacci-Retracements and how you can use them for your trading. :-)
Peace and happy learning
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me!
Any questions? Need more education or signals? PM me.
Hey guys,
this is the first video about FIBONACCI and some theory "behind the scenes" which is meant to show you how Leonardo Fibanocci disvoered an additional law.
Hope you enjoy itt :-)
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need more education or signals? PM me. :-)
This five wave up has more than the first spot is visible. First of all, we look at the wave itself.
All ingredients of the Elliott wave are present here.
- Wave two falls within the boundaries of a retracement of 50% - 85.4% of wave one.
- Wave three may not be the shortest wave (check). Looking back to wave one, it is clear at that moment that it is...
Hello and welcome everybody,
in this idea i will show you the "magic" of a fibonacci retracement level called "61.8". I will later provide some snapshots to keep my beautiful art-for-the-poors-chart untouched. Stay tuned and enjoy the legacy of Leonardo Fibonacci!
Yours sincerely
Eddie
Sources:
Leonardo Fibonacci - en.wikipedia.org
Fibonacci Numbers -...
Here, using gold I demonstrated the importance of time analysis. Most of traders analyze only price action in relation to price and most of indicators can do only that.
However price need to be analyzed also in relation to time, as price moves in Fibonacci sequences not only in price scale but also in time as you see. And when it hits an important Fibonacci TIME...
This is a beautiful example of how to move up your stop loss
You see an 12345 structure in this photo
I started this trade at the bottom of wave 2 and my stop loss was place below the bottom of wave one
when we started buy i waiting on the first correction and moved my stop loss at the bottom of wave 4
once price started running i started moving the stop little...
This method will save your time to determine where are the powerful S&R levels for any instrument. It can be used for the continuous chart or the monthly chart. It will also help you to entry, set the stop loss and profit target levels, even if you are using other methods such as Elliott Wave Theory, Harmonic Pattern, Market Geometry (the pitchfork), Demand &...
Here's an explanation why Elliott Waves don't work most of the time, and then sometimes work perfectly.
Lets take a closer look at a single impulse wave up and its correction (I'm using 61.8% retracement and wave 3 = 100% of wave 1). You simply can't trade based on that (red dots), here's why.
If you treat it as 123 up trend forming (green count), you can't...
![DXY: [DXY] How to use Fibonacci Indicator](https://s3.tradingview.com/h/HemyilOi_mid.png "[DXY] How to use Fibonacci Indicator")
