Start 2018 with this strategy proven to produces more than 70% success Leonardo Pisano developed a simple series of numbers that created ratios describing the natural proportions of things in the universe. And these numbers have been used by traders now for many years! Your charting software should come with a standard Fibonacci retracement tool; however, you are the one that puts this on your chart. The bottom line is that many traders use this tool which is why it is highly important to have a trading strategy that uses this. You are going to need to know where to apply these fibs. You will need to place them on the swing high/swing low. A Swing High is a candlestick with at least two lower highs on both the left and right of itself. A Swing Low is a candlestick with at least two higher lows on both the left and right of itself. A quick thing to remember about this: if it is an uptrend you want to start with the swing low and drag your Fibonacci level all the way up to the swing high. If it’s a downtrend you start with the swing high and drag your cursor all the way down to the swing low. Now, what if we told you there is a simple way to draw the Fibonacci retracement levels on your price chart. What if everything is done automatically? Well, our team at Trading Strategy Guides has developed a proprietary Fibonacci Golden Zone indicator that once placed on the chart it will instantly plot the Fibonacci retracement levels of the last swing. You’ll not need to pick by yourself the swing high/low levels as the Fibonacci Golden Zone indicator will do the job for you. Forex traders identify the Fibonacci retracement levels as areas of support and resistance. Because of this, the levels are watched by many traders, which is why the Fibonacci Golden Zone strategy could be a difference maker to your trading success. The Golden Zone is represented by the price area between the 38.2% and 61.8% Fibonacci retracement. Obviously, the 61.8% is the most critical number in our strategy. Now that we’ve learned the importance of the Fibonacci retracement levels and why they work in analyzing the financial market let’s have a look at the rules of the Fibonacci Golden Zone Strategy. Attached : Fibonacci Golden Zone DashBoard.ex4 Fibonacci Golden Zone.ex4 Fibonacci Golden Zone.tpl Fibonacci … Continue reading
Forex Trading Systems
Welcome to our collection of Forex trading systems, here you will find widely used systems by currency traders world wide. We have some manual systems such as “support and resistance” trading system and automated systems such as Forex Archinum.
All the download are free, we love to think that by offering you free ebooks, systems and indicators coupled with two bonus categories: Forex Trading Reviews and How To Guides – will make you join our IB community under the brokers we listed.
Price Trends You surely know what a trend is and you know that you see them on your charts over and over again. The trend is a core principle of the Forex market or any market for that matter and should always be taken into account when constructing your trading system. It is always easier to trade with … Continue reading