Fibonacci Strategy - This is my first tool that I learn and I use it as my strategy.
I try to use every line percentage range as the point to know where the place will moves & how long.
Check this picture first.
In that picture I mark it as A-G
Actually, I can't find A if I didn't find B. So first I
see the trend & then I can draw my fibonacci.
The mark A means, In downtrend condition, when the candlestick break down the fibonacci 61.8, then candlestick should be continues down break in level 50or bounce up and will continue if it break the line.
The B mark means the probability to reveral from downtrend to uptrend.
It's in psychological zone (between 0 - 23.6).It's so dangerous.the candlestick could be bounce again and being false signal. Look at the mark C, it's bounce to down right? it's psychological zone effect. Until it bounce up again from 0 then break every line into D then being reversal down, if it break every lines it will be continues likes the picture until in mark E.
From mark E I see the candlestick goes up until the zone 2. So it will happen again the confusing price.. will be back.
Mark G is same, means the reversal signal until the close market. How about Monday in 7 september 2015? I don't know.. if its in 38.2 I can say it will up into next line, but can you see that? it's near 61.8 fibonacci which is contain psychological zone effects. I should see the opening price until half day. I need valid signal because I'm not high risk taker trader.
See you next post about new diary..
I try to use every line percentage range as the point to know where the place will moves & how long.
Check this picture first.
In that picture I mark it as A-G
Actually, I can't find A if I didn't find B. So first I
see the trend & then I can draw my fibonacci.
The mark A means, In downtrend condition, when the candlestick break down the fibonacci 61.8, then candlestick should be continues down break in level 50or bounce up and will continue if it break the line.
The B mark means the probability to reveral from downtrend to uptrend.
It's in psychological zone (between 0 - 23.6).It's so dangerous.the candlestick could be bounce again and being false signal. Look at the mark C, it's bounce to down right? it's psychological zone effect. Until it bounce up again from 0 then break every line into D then being reversal down, if it break every lines it will be continues likes the picture until in mark E.
From mark E I see the candlestick goes up until the zone 2. So it will happen again the confusing price.. will be back.
Mark G is same, means the reversal signal until the close market. How about Monday in 7 september 2015? I don't know.. if its in 38.2 I can say it will up into next line, but can you see that? it's near 61.8 fibonacci which is contain psychological zone effects. I should see the opening price until half day. I need valid signal because I'm not high risk taker trader.
See you next post about new diary..
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