Yes. Patience is the key. To repeat, for this strategy we set pending order at the confluence point: 1) FiboR 58% overlap/confluence Support Resistance(SR), or 2) FiboR 58% cross/confluence Trend Line (TL), or 3) FiboR 58% confluence with SR and TL

My Trading Strategy 1- Fibo Confluence

Hi chehab, tq for posting. Why is it complicated..?

My Trading Strategy 1- Fibo Confluence

Pending Order. Sell 1511

Trade Gold/Invest in Silver

Pending order.Sell Limit 1511 See FiboR 58% confluence with SR

My Trading Strategy 1- Fibo Confluence

Stop Loss & Profit Taking Level — For my Strategy1 - Fibo Confuence, stop loss & profit taking level is actually very simple and straightforward, the value is already fix. For xauusd, i choose sl & pt level 5 USD, or 500 pips. For other ...

My Trading Strategy 1- Fibo Confluence

Trading & Investing, any difference? — After learning from past mistakes, in my view we should not totally rely on using 'investing strategy' to make money. Even in the Gold & Silver. Although we foresee in the long term (think years) ...

Trade Gold/Invest in Silver

I understand what Webforex means by 'no indicators', 'purely price action' chart. Yesterday i just started a new tread in FF based on that. Its under Trading Systems: My Trading Strategy 1 - Fibo Confluence Everyone is welcome to explore more. Thanks

looking for trading system without indicators

Multiple Time Frame Trading — If you use multiple time frame for trading, for this S1- Fibo Confluence, the cross point at a higher time frame is more accurate than lower time frame. Suggestion: Use D1 & H4 to draw FiboR58% (50%-61.8%), ...

My Trading Strategy 1- Fibo Confluence

Using S1 with Candlestick/ Breakout Pattern comfirmation — This strategy S1 is usually done using preset or limit buy/ sell order. Set order at good confluence point 1) FiboR 58% cross TL or SR, 2) FiboR 58% cross both TL & SR Extension of S1 ...

My Trading Strategy 1- Fibo Confluence

When we use a trading strategy, initially we can test it out by either trading in demo, or live account with small lot size. We should make a minimum of 10-20 trades using the strategy, if it is a good system it should give us more winning than ...

My Trading Strategy 1- Fibo Confluence

During end of this April before the big fall of silver price, I heard that within 5 days US government raised 8 times the margin level to trade silver. This is one of the reason causing silver price 'crash'. Now US is changing regulations again, ...

Trade Gold/Invest in Silver

Exit Strategy — As like any trading system, when to exit a trade? We can choose from a various of exit strategies, including base on the Sl to Tp ratio: 1) Sculping, which Sl is bigger than Tp (or Sl>Tp) 2) Sl:Tp is 1:1 3) Sl<Tp for example ...

My Trading Strategy 1- Fibo Confluence

Money Management — For every entry, lot size can vary from 0.5% to 3% of account size. I choose 2% for this strategy.

My Trading Strategy 1- Fibo Confluence

Powerful System — Although I use Strategy 1 only to trade gold (xauusd), I believe S1 is a universal & very powerful system. This method can be extended to trade any forex pairs, commodities or even stocks. As well as any Time Frame.

My Trading Strategy 1- Fibo Confluence

I have just started a new thread in FF to explain about my 1st strategy S1. Its under Trading Systems: 'My Trading Strategy 1- Fibo Confluence' Everyone is welcome to view and post in the new thread. Thanks.

Trade Gold/Invest in Silver

SL to PT ratio is 1:1 — My SL to PT ratio is 1:1 I will post more S1 charts in the future. Everyone is welcome to view and post in this thread.

My Trading Strategy 1- Fibo Confluence

Price down after confluence point FiboR, SR x Trend Line. Actually there was Profit taking after 500 pips.

My Trading Strategy 1- Fibo Confluence

See eg. chart.

My Trading Strategy 1- Fibo Confluence

S1 - Fibo Confluence — S1 - Fibo Confluence To use S1, we need to know to draw Fibonacci Retracement 50%-61.8%(fiboR), Horizontal Support Resistance(SR), and Trend Line(TL). This system concept is base on moving price have a tendency to bounce ...

My Trading Strategy 1- Fibo Confluence