The ''Pulse'' of an asset times Fibonacci: Ether Bottom BounceAnother example of how Fib Extensions manifest themselves.
And some thoughts on how to use/gauge a move based on Ripples.
Every move in a price chart starts with an ''Impulse'', imagine it like a ''Pebble''.
When the Pebble hits water it creates ''Ripples'' that are captured by the Fib Series.
Each Ripple has equal distances between peaks and troughs, or what I call the ''Pulse''.
Each Line has Gravity .
Each Line must be Tested.
Each Line has a Personality.
Every Asset Class behaves this way.
Every Time Frame shows these ripples.
Every Human Brain is susceptible to them.
This is a followup to my previous tutorial linked below.
That one has gotten very long with so many updates as examples.
PLEASE spend some time on the numerous examples in the first publication below:
Fibonacci
The ''Pulse'' of an asset times Fibonacci: Bitcoin Ordered ChaosEvery move in a price chart starts with an ''Impulse'', imagine it like a ''Pebble''.
When the Pebble hits water it creates ''Ripples'' that are captured by the Fib Series.
Each Ripple has equal distances between peaks and troughs, or what I call the ''Pulse''.
Each Line has Gravity .
Each Line must be Tested.
Each Line has a Personality.
2 line coincidence is Dependable.
3 line coincidence is Respectable.
4 line coincidence is Worshipable.
Every Asset Class behaves this way.
Every Time Frame shows these ripples.
Every Human Brain is susceptible to them.
He who understands this will be Humble.
He who embraces this will gain Precision.
He who ignores this will find only Chaos.
This is a followup to my previous tutorial linked below.
That one has gotten very long with so many updates as examples.
PLEASE spend some time on the numerous examples in the first publication below:
The ''Pulse'' of an asset times Fibonacci: ripples in XRP
Every move in a price chart starts with an ''Impulse'', imagine it like a ''Pebble''.
When the Pebble hits water it creates ''Ripples'' that are captured by the Fib Series.
Each Ripple has equal distances between peaks and troughs, or what I call the ''Pulse''.
Each Line has Gravity .
Each Line must be Tested.
Each Line has a Personality.
Every Asset Class behaves this way.
Every Time Frame shows these ripples.
Every Human Brain is susceptible to them.
This is a followup to my previous tutorial linked below.
That one has gotten very long with so many updates as examples.
PLEASE spend some time on the numerous examples shown in the original publication:
The "Pulse" of an Asset times Fibonacci: Ether's 14 step methodEvery move in a price chart starts with an ''Impulse'', imagine it like a ''Pebble''.
When the Pebble hits water it creates ''Ripples'' that are captured by the Fib Series.
Each Ripple has equal distances between peaks and troughs, or what I call the ''Pulse''.
Each Line has Gravity .
Each Line must be Tested.
Each Line has a Personality.
Every Asset Class behaves this way.
Every Time Frame shows these ripples.
Every Human Brain is susceptible to them.
This is part of my series of posts, highlighting the rhythmic nature to price action.
See the various ideas links below. In particular, check the numerous updates on this Idea :
The "Pulse" of an Asset times Fibonacci: GOLDEN extensionsHere is a Fib extension series you don't see very often.
Each major line is 1.618x (Golden Ratio) the previous.
Each minor line is 1.236x or 1.382x the last major line.
The ever expanding Ripples show continuous ACCELERATION.
Linear is more common, meaning VELOCITY but no acceleration.
Acceleration proves the existence of a continuous FORCE.
The DURATION of the Force is not project-able.
When the Force STOPS the Ripples will go linear.
Without a force Velocity will DECAY over time.
The above fib was initiated on the 1 minute chart:
So it was not just slapped on there.
It had an IMPULSE and showed a PULSE.
The 1.618 and 2.618 are KEY first clues.
.
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USD SHOULD FALL IN LINE WITH 30YR GOVERNMENT BONDSThe bond market is a place where traders can gauge the strength or weakness of a currency. Typically when looking at the US 30YR Government Bonds, if the price of the bonds increases it tells us that traders are willing to invest into the US economy for the long term. This then should show that the USD is likely to increase in price.
If the price of the bonds decrease it tells us that traders are unwilling to invest in the US economy for the long-term and that we should expect the price of the USD to fall.
Currently, the 30YR Bonds are struggling to increase any higher and we could likely see a fall in price back to the highs in May.
This tells us that the USD could fall lower in the coming weeks. Keep an eye out for this correlation and try looking at the past history using the compare tool here on TradingView.
Idea contains educational and backtest about my trading methodTriangles are drawn to define areas where the price will usually remains when buyers and sellers agrees on the price.
Buying at the bottom and selling at the top is a good idea but these are not the best entries and too risk.
You'll have better odds of a successful trade when buying or selling the breakout of that triangle.
Breakout system
GREEN rectangles = buy
RED rectangles = SELL points
NOTE : for educational purposes only
You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, etc
A 100 pip short based on a support-to-resistance flipFirst of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him.
I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them.
I'd love to see you try to find more examples. Feel free to post them in the comments and we can discuss them!
Things to look for:
- Same concept applies for longs, but inverse.
- The candle block you're using must precede a move that takes out a previous swing point (low or high).
- If the price does retrace to that block as you expect, but starts consolidating and pushes back into it repeatedly, it could be a sign that it wants to move back through it. The market is sometimes tricky like that.
Also, here's a bonus confluence factor - if you pull the fib retrace tool from the top to the bottom of the move, you can see that our block falls right between .62 and .79 fib levels. This is another good indicator to confirm your bias.
[DXY] How to use Fibonacci IndicatorHi 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 thing in this sequence is that every numbers is 1.618 of previous and 0,618 of next one. And as you know, 1,618 is the "Gold number" .
(Hope my english is not too bad haha)
1 - Choose a higher and lower price (downtrend) or lower and higher price (uptrend)
2 - Fibonacci will retrace different line at 23.6, 38.2, 50, 61.8, 78.6 and 100 %
3 - Theses line will be the next supports / resistances in the correction / bounce
You can use it to place the best order (BUY or SELL) and make more profit.
Ask me for any questions !
Thanks for your time.
Bitcoin - Sacred GeometryMade 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 made it 4 months ago and been closely observing it throughout this period.
The law of cause and effect states that every cause has an effect and every effect becomes the cause of something else. Every action has a reaction or consequence - as I am sure you will agree. It is one of the universal laws and can be applied anywhere.
Fibonacci spirals can be used in a wide range of different ways. It is a ratio coded by the same formulas that code anything from the atom, to the biggest cluster of galaxies and anything in between. I have seen many traders in the past who applied Fib spirals in order to identify potential supports / resistances / trends etc by choosing specific extreme data points on the trend. However, there is no concrete theory behind applying Fibonacci spirals , but generally speaking - past “extreme” or important market events is something you gotta look for when applying these.
This chart is based on past “extreme” market events which provide us with new data, most importantly where and when the future turning points can be expected.
In order to construct this chart, I chose ATH as the point A - (where the golden ratio is emanating out of the center) to be connected with other major events from the past. As the two points are generated - the golden ratio is being increased in width of points along the spiral from the center by multiplying the width by a Fib ratio for every quarter turn. The extent of the spiral then gives us a time frame where the future effect from previous cause can happen (this has been back-tested and the accuracy is impressive).
Here are some of the approximate key dates for Bitcoin:
17/11/2018
12/12/2018
20/01/2018
Daily Scan routine. Describing my daily scan routine. Also, I go over a couple recent trades I have taken, and why I decided to enter into the trade.
Support and Resistance Levels with auto Fibonacci Setup TutorialIdentify 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 so 8 lines due to pine limitations. I can post separate scripts for each method that allow more depending on user feedback)
Use Custom Time Frame? (M1, M6, M5 only work if viewing lower TF): Set a custom timeframe in minutes, then 1D for daily, 3D for 3 daily etc.
Calculation offset: How many of the most recent bars to ignore in the calculations.
Update Frequency: How many bars to wait until updating the lines since the last update.
Things to tweak.
I still need to test the methods, depending on that and feedback I can post separate scripts for each method that allow more depending lines or scrap some.
I'll tweak the parameters for using linebreaks to scrap them. Currently required a three close through it (so two in one direction and one in the other).
Fibs don't work on the static timeframe as I've reached certain restriction in the coding system.
Link to Indicator
Below are some examples using the default settings (which I have not optimized as of yet)
Method 1
Method 2
Method 3
Method 4
Method 5
Method 6
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how to identify abcd pattern
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 identifiable pattern. Basically, three steps are required:
1) identify impulse leg (in our case it is a steady movement from 108 to 113)
2) identify retracement (113 to 110)
3) projection of impulse leg from C point(110 - the end of retracement)
looking left, and identifying major levels of structure I underlined potential reversal zone where
the market is most likely to reverse.
When the market will reach this zone I will be looking for some confirmation.
Targets are based on structure.
Good luck!
Combining Fibonacci with TDIUsing 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
BTCUSD- Understanding Structures in the Crypto MarketHi 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 of heavy resistance/support. They might take a moment to get a grasp of, but once you understand how to define them, it becomes easy, and you'll be to start predicting where a run will end with scary accuracy.
To define a structure, you will essentially want to cover the .5-.618 region of a wave, although since waves rarely retrace exactly in that zone, you may want to expand your structures out a bit to cover wicks and outliers. Anyways, the easiest way to define your structure is simply by recognizing what our trend is. Would you be able to look at a chart and tell me when we've seen a bullish reversal or a bearish reversal? If not, it's quite easy; to spot a bullish reversal, look for a break above the previous high. To spot a bearish reversal, look for a break below the previous low. Obviously terms like "high" or "low" can be quite subjective, as there's a near infinite ways of looking at the charts, but having a bit of some background on Elliot Wave theory, Fibonacci retracements, and reversal candlestick patterns will help you recognize when a reversal is happening. The easiest way to try and find a reversal is by seeking out a definitive high and definitive low, and creating a Fibonacci retracement structure between the two. Let me go into detail a bit further below.
If you reference the first picture above the chart, you'll see 3 blue arrows with a Fibonacci and a purple box. This is showing what a bullish trend would look like. To set up this structure, you must determine what your wave of interest is. In this example, we create our points based on the first arrow. In an uptrend, you will start your retracement from the top to the bottom, rather than the bottom to the top. The reason you want to do this is because you are retracing DOWN, so you want your retracement wave to head to the .618 in its respective direction. Anyways, as you can see, the second blue arrow is a retracement wave, and you can see that it touches the .618, ends, and then proceeds to start the third wave. Because we made a bounce off of the .618, we have confirmed continued bullish momentum. if we were to do a convincing close below the .618, this would more than likely indicate that a trend reversal is commencing. Understand that at times, we can be faked out by this, but this is the nature of trading. If you have a good trading strategy, you don't need to worry about losing trades every so often, so it's better to put your faith into something that's quite accurate rather than trade with no strategy in play.
To keep in short (pun intended), whenever you are in a downtrend, the opposite applies to that of the uptrend; you will start your retracement from the bottom to the top. The same deal applies with the downtrend as it does the uptrend, in that a rejection of the .618 will most likely point to continued bearishness. Using these bullish and bearish wave structures are incredibly power tools that not only help you minimize losses, but they also give you the confidence to stay in a trade for longer than you might have realized was possible. Remember, if there's no clear signal of a trend change, then the trend will continue.
So with these tools in hand, I went through every noticeable wave structure since the 3000 dollar range and determined wave lengths, which can be done by finding .5-.618 regions that appear to have found a lot of activity. For the most part, determining your wave structure will come down to common sense, but it takes a bit of practice to know where a wave starts and where a wave ends.
If you look at each structure found in the chart, you'll notice they all start in different positions. I positioned each of them to reflect the date in which they first were established. As you can see, this is an incredibly powerful tool to have at your disposal, because it predicted the top in March, it predicted the top in May, and it predicted the top in July. Something tells me that this has predicted the top in September, too, but I'll let you guys figure that out ;). Additionally, the support structure (bottom purple bar) shows the rejection that we experienced in February, June, and August.
I don't want to give too many details about my opinions or thoughts on what we have here, because this is meant to be educational over anything, but I hope that this helps you guys get a better understanding of what makes the market move the way it does. Feel free to message me if you have any questions, and be sure to shoot this a like if you dig what you've read. Happy trading!
THE PIN BAR TRADING SETUP EXPLAINED :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 explain what a candlestick is. To interpret a candlestick, traders consider the following:
- opening price
- closing price
- the highest value
- the lowest value
The difference between the opening and closing prices is the body of the candle. Also known as the real body, it is bullish when the closing price is higher than the opening one, and bearish when is lower. The price action to the highest or lowest point is the shadow or the tail.
For a pin bar to form, traders look at the real body to be relatively small, and the tail of the candle much longer. In fact, the longer the tail, the better.
While not a general rule, savvy traders look for the following condition to happen before pin bar trading: the tail to be so long, so the real body fits at least two times.
Conventional wisdom claims that a bullish pin bar must have a green body (closing price bigger than the opening one) and a bearish pin bar a red body (closing price lower than the opening price).
The Pin Bar Trading Setup Explained :
For a single candle, the pin bar is an impressive reversal pattern. It shows a terrible battle between bulls and bears, signalling that the previous trend weakens.
Hence, for a bullish pin bar, a bearish trend must exist. And, a bullish trend is mandatory before a bearish pin bar forms.
A pin bar trading strategy when it reverses a bullish trend considers the following steps:
- measure the entire length of the pin bar, from the lowest to its highest point
- go short when the price breaks the lowest point
- place a stop loss order at the highest point in the bearish pin bar
- project the length of the pin bar minimum two times below the entry point
Sometimes the market reverses so aggressively after a pin bar that the pin bar trading strategy offers a greater risk-reward ratio than 1:2. To make sure they’re not missing the new trend; aggressive traders move the stop at break-even when the price reaches 1:1 rr ratio and trail parts of it as long as possible.
Fibonacci Ratios with the Pin Bar Trading Setup
Savvy traders have patience, and they know that any reversal pattern shows a conflict. The conflict or the battle between bulls and bears implies the market won’t reverse quickly.
After a bullish trend like the one above, bulls won’t give up that easy. That’s the reason why every pin bar trading strategy needs a stop loss.
However, a pullback is more than welcomed. In fact, pullbacks often happen after a bullish or bearish pin bar.
Fibonacci ratios help in finding an even better risk-reward ratio. Here are the steps to follow on the same bearish pin bar setup:
- measure the length of the bar, from its highest to the lowest point
- use the Fibonacci Retracement tool for finding the 50% and 61.8% levels
- wait for the market to reverse to the defined area
- go short with a stop loss at the highs
- keep the same take profit as in the original setup
This way, traders stay for the same take profit, but with a lower risk. Hence, Fibonacci comes to complement the unique pin bar trading strategy by offering an even greater risk-reward ratio. Not bad for a single-candlestick pattern, right?
FIBONACCI for beginners Part#3! How you can use FIBs!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.
Fibonacci "offstage" theory 4 beginners and advanced traders!#1Hey 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. :-)
Educational five wave with a 2.618 extension of wave 3This 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 actually wave three.
* The extended wave three itself is a five wave as well.
* An additional point that is clearly visible here is that the extension of this wave is the fibonacci ratio 2.618 of wave 1.
- Wave four falls within the boundaries of a retracement of 23,6% - 50% of wave three.
- Wave five is 61.8% of wave one till three.
* The other rules for wave five that I stick to are: wave 5 is an inverse 123.6 - 161.8% retracement or wave four or wave five has approximately the same length as wave one.
What makes this total wave special is the point where it ends. The connection with a higher timeframe that has arise here is beautifully displayed beneath here. This is the reason why I post the analysis here.
- On the daily timeframe i have drawn the fibonacci ratio 0.382 from a strong move up, happend between December 2016 and February 2018. The five wave up from above ended at the bottom of the 0.382 retracement (resistance).
This analysis i made is to give insight into what can happen, to look back when I discover a similar case. I do not give advice on what someone should do or should imply from this analysis. It is an important reminder for myself on what happened.