Recent content by ferenci84

If Your sl can stay above the upper line (on h4, peak around 02.26 12:00 and around 03.10. 16:00), that on the end of the day, will be above 50, it seems safe.

I think, it'll go up, to at least 48, perhaps 49.50 before turning.

Oil and Nasdaq Chart8: Oil M30 chart. The 50% (non-fibonacci) level, where the price stopped, is between a multiple-tested top, and a sharp-reverse bottom. I saw later the chart, and already the price have gone toward, but stopped twice this price. In trading, when You see a level, where the...

GOLDEN Ratio I just made the analysis for the tomorow tradning, :smart: and I found a quite beautiful example. Gold futures daily chart, look at the picture attached! As I said, the larger the timeframe, the more precise is the turn about a fibonacci or other level. This is an example of this...

Example For my posting I will attach some example. This example is the Nasdaq future, M5 chart. This fibonacci using helps to find multiple reason for the trade. In this chart you can see, that I put just one fib on the top to retracement, and I can see two reason of the turning. This is a 62%...

First: I'm not speaking english correctly. Please, be tolerante, and if You don't understand anything, ask. I'm researching the fibonacci numbers and systems in other areas. (mainly in music) My view is, that as it is teached, it is a little far from the reality. I tell you the basic theory...

What broker do you use?

work on rules Oanda and has 0.9 pip spread, and ECN brokers has even little. It is 2:1 risk to reward ratio, and the price should move 2 pip without move back 1 pip. On a good breakout, that is possible. Let's work on the rules. In the trend high probability breakout is, if there was a...