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Fibonacci

EURCAD SHARK HARMONIC EXPLANATION EURCAD Shark Harmonic Pattern explained. - This is a explanation video on how to identify the Shark Pattern along with the target points and stop loss - Targets range from 30-60 PIPS As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below. Also feel free to share your opinion on this setup, or other setups that you have on your radar for the EURCAD. The more ideas we can generate the more informative these ideas become for newer traders. ~T$
Education
by OkayTrev
How To Plan Plan A Trade With Fibonacci Ratio ConfluenceHi Traders, In this video we will look at How To Plan Plan A Trade With Fibonacci Ratio Confluence. Fibonacci ratios are most powerful tools with they are used in right manner. We can use them in all sorts of market conditions and asset classes. Fibonacci confluence creates harmonic patterns and gives us very good reward risk ratio. The best thing is the possibility to pre-plan and quantify a trade with high accuracy. Please feel free to comment or ask questions. Hit the like button if you found value in this post. Thanks! :)
Education
by vikinsa
Trading Consolidation Profitably In Forex Markets With FibonacciTrading Consolidation Profitably In Forex Markets With Fibonacci and Harmonic Patterns (A Fibonacci Confluence Tutorial) Hi Traders, In this videos we look at how to trade consolidation periods profitable using fibonacci and harmonic patterns. Apart from using support and resistance, trend lines and channels, we can use the power of fibonacci ratios. Best thing about fibonacci ratios is that we can pre-define targets or make a fairly accurate prediction about market's move. We can can quantify trades in advance. Fibonacci is one the main tools that I use in my confluence trading. Fibonacci is the first tool that pick to start my analysis. Feel free to post your comments or ask questions. Sorry I ran out of time so I will create another part. If you find this useful please Give it a like and share with fellow traders. Like, Share and Comment. Thanks
Education
by vikinsa
How to Draw Important BTC Price Action Levels I like to draw important price action levels on charts to look for reactions. These include: Yearly Open Monthly Open Weekly Open Weekly High Low Confluence Major Fibonacci Retracements BTC CME Gaps (use BTC1! daily chart) Support Resistance zones Keep in mind that I'm more concerned with the area than the specific price. I tend to wait to see a reaction before trading a level. I put more value on yearly and monthly over weekly and more value on fibs over weekly levels. Recent price action has more value if we get a reaction. This may or may not apply to you depending on your style. You may find this useful even if you don't trade price action as it can still be a good area to take long term trades. Good luck everyone!
BITSTAMP:BTCUSDEducation
by rzmb44
10
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.
Education
by Henri111
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 Referral Links Bitmex 10% fee discount for 6 months www.bitmex.com TradingView (50% off after trial period ends) tradingview.go2cloud.org Tip Jar BTC: 1FgEeDDMF7QKydQPJVCDjp7ypjREp8XG6c LTC: LM9KsXz7GUxCN9g9EjTC8ayviDEmBK14rw
BITFINEX:EOSUSDEducation
by SemiQuant
26