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Fibonacci

EURJPY ideaThis one is kinda of a new one for me. The levels are not like always, but have been having some trouble with jpy pairs, so here is to something new. -On the daily, the price has bounced from the 61% fib lvl, leaving us a higher target -The price has been uptrending this days -Bounced from a monthly level -emas crosed bullish I think, that the price might rebound from the next resistance, but if we break it, i think there is a break and retest and posible entry there to get at least to the next resistance. IF the next resistance gets broken i think the same might occur, but if not, i think it might range a bit, but we'll see depending on the price action.
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by J_layseca
GBPJPY, short after break retest weekly resistance?After breaking the weekly support of 142.50, we've consolidated below the level for quiet a while now. We've retested 142.50 as resistance for 8 days straight, not able to break, close and stay above it. After breaking to the downside of the consolidation box we now retraced back to the key level since we got positive results from this morning retail sales numbers. On the daily we see the MA's crossing bearish and we got the evening star with it at the resistance level . On the 4H we are now closing to the 61.8 fibonacci level that lies a couple of pips below the key level, making this a very demanding and interesting price for bears. Since we remain and close this week below the weekly resistance I'm only interested in shorting the pair. Might take a position now or wait until market open in Japan session on sunday (since we know it's the retracementfase) for further retracement and wicks to the highs, testing the 71.00 fibonacci level.
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by Newplanettrading
Example of FibbyTenths indicator on DOGEBTCI recently put out an indicator entitled "FibbyTenths" and wanted to show a nice example of its usage. Here it is on DOGEBTC on the 1D chart. What are you looking at? Line 1.000 (pink) is a baseline from which all other levels are calculated. To get the 0.618 line (for example)= Baseline * 0.618. Pretty easy. As you can see, there are numerous examples of the price reversing direction from, or rebounding off, the 0.618 and 0.236 lines.
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by Quicksilver80
2 BEST-FIT PITCHFORKS CROSSING EACH OTHER + 1 FIBONACCI CLUSTEREURUSD / 15 minutes timeframe / an example of a high-potential reversal zone created by fibonacci based-pitchforks and fibonacci levels. How did I get this? Two best-fit pitchforks (yellow and orange pitchforks) that have their three respective validated hits on their median line, upper parallel and lower parallel were drawn. The Swing Highs and Swing Lows of the pitchforks were also useful in drawing two types of fibonacci levels: extended retracements (1.236 and 1.272 extended retracement in this example) and basic fibonacci levels (0.318 level in this example). This fibonacci levels that are extremely close between each other form what we call a fibonacci cluster (which can be considered as a support and resistance zone). When the 0.382 parallel of the orange pitchfork, the lower parallel of the white pitchfork, the 1.272 and 1.236 extended retracements and 0.318 fibonacci level were extremely close between each other, this created a 3-5 pips high probability turn-around zone for price, which basically means that there was a high probability for price to reverse, which in this example happened. When traders have this type of scenario, they can have a very tight stop loss with this specific timeframe, which allows them to have a great risk-reward ratio if their trade goes well and if their money management system is efficient.
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by Henri111
FibbyTenths: A New Way To Fib?I've been working on a a new way to use Fibonacci number derived ratios. In a nutshell, after calculating line 1.000 (top secret info right there, haha) in the chart above, I multiplied by 2.618 which gives us the upper purple line. Next step is to find the difference in price between lines 1.000 and 2.618. Difference is then multiplied by tenths (i.e. 0.1, 0.2, 0.3, etc) and the results are subtracted from line 2.618 to create the rainbow. I'll release a more functional version of this script within a few days. Higher and lower levels will be added plus a surprise feature. In the mean time, I'd love to hear y'all's opinions on this here chart.
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by Quicksilver80
Ordered Chaos : " every Asset Class behaves this way "Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. Confluence of 2 is Dependable. Congruence of 3 is Respectable. Coincidence of 4 is Worshipable. every Asset Class behaves this way . every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Embraces will observe Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
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by EuroMotif
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The "Pulse" of an asset times Fibonacci: Kiwi Chaos in OrderOrdered Chaos every Move is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. Confluence of 2 is Dependable. Congruence of 3 is Respectable. Coincidence of 4 is Worshipable. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Embraces will observe Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
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by EuroMotif
The "Pulse" of an asset times Fibonacci: Trillions workin 9 to 5workin 9 to 5 Reality is Stranger than Fiction, really. Rally of Euro was from Dollar, totally. Random is Something yet Sorted, only. did Euro really hit 9.618 exactly? did Euro return to 5.618 finally? did EuroMotif see this Clearly? the Dollar is in a Dulldrum. the Feds beatin a new Drum. the Govs been in shut Down. even a Terrible week does Nine to Five. even a Trillion coins will Flow to Order. even a Trader places his Order 9 to 5 and so Clear was the 1 thru 5 and so Normal is the AB n C and so Heavy the Purse to me. Chaos is not even a Thing. Order is not only a Fling. Believing is Seeing. Believing is Seeing. . . Ordered Chaos every Move is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, guided by Golden Ratio. every Ripple behaves like its forerunner, setting the Pulse. each Line adds to Gravity. each Line must be Tested. each Line has some Aspect. 2 line confluence is Dependable. 3 line confluence is Respectable. 4 line confluence is Worshipable. every Asset Class behaves this way. every Time Frame shows these ripples. every Brain Chord vibrates the same. He who Understands will be Humble. He who Embraces will observe Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Minutes? click the Links under Related.
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by EuroMotif