A thread to discuss trading using Fibonacci retracements, expansions, and zones.
(This thread replaces the "new mouteki method" thread which is no longer active)
(This thread replaces the "new mouteki method" thread which is no longer active)
Trading Fibonacci Time Zones and Support and Resistance? 20 replies
Trading with REAL support and resistance (Big volume zones) 10 replies
Trading setups around SR Zones 183 replies
Trading highly probable fib zones method 2 replies
Deep Fib Zones with Daily High/Lows 20 replies
hi to fib Zones traders
A: in default setting you have both up and down trend fib zones. if you doesn't need one of them, you can false it.
http://i37.tinypic.com/2dmcbqw.jpg
B: to have stable levels and prevent form relocating fib levels after MT4 platform restart, after setting fib levels in the chart you must remove indicator from your chart .that to stay levels in your chart this key must be true.
C: to delet one of up or down trend fib levels after attaching both in the chart without removing other trend levels, attach indicator to chart, turned true that trend delet key and remove indicator from chart.
http://i34.tinypic.com/9742tf.jpg
enjoy trading fib zones.
DislikedHi guys!
Thanks monkey for starting this thread.
Been backtesting a few charts (daily and 4hr) manually and out of 226 trades there's a success rate of over 84%!!
Definitely something in these fib levels..
Been trading a few years now and have always known about fibs, expansions, fans,etc, but something as simple as fib levels seemed to elude me. Grateful to Mouteki for this revelation.
Anyone know of any other traders that have used the f. levels successfully?Ignored
http://i37.tinypic.com/30hmxk6.gif
best regards
DislikedI don't don't know if these zones,fe's,retracements pertains to gold or silver charts. I'm lookin at my gold chart on the fxxd platform and looks like it has bounced back up to the 38.2 retracement area and right below it is a an extension. Right now i'm going to plot my zones and see what it looks like.. This on the 4 hour chart. Take care,TexIgnored
http://i35.tinypic.com/1z56y5t.gif
best regards
DislikedHi guys!
Thanks monkey for starting this thread.
Been backtesting a few charts (daily and 4hr) manually and out of 226 trades there's a success rate of over 84%!!
Definitely something in these fib levels..
Been trading a few years now and have always known about fibs, expansions, fans,etc, but something as simple as fib levels seemed to elude me. Grateful to Mouteki for this revelation.
Anyone know of any other traders that have used the f. levels successfully?Ignored
DislikedThat is great to know, thanks for the work, sounds like it took some time. And I assume that this is completely without any fundamental analysis involved?
Any chance someone can come up with a good EA to draw -everything- and give alerts? I know it is easy enough to do it manually, but an EA that you could run on 20 currency pairs with 2 minutes of work would be really useful and cool....Ignored