learning how working with fibonancy and support resistance
Forum on trading, automated trading systems and testing trading strategies
Fibonancy with pation
Fadlillah Al Farisyi, 2016.11.08 13:33
Something Interesting in Financial Video March 2014
Sergey Golubev, 2014.03.26 11:37
ok sergey my brother....
i have no indicator modification, thats all just standar indicator that mt4 have. just MA 5 and 10 and bolinger band 20.... the fibonancy we take the point from the candlestick that break the support or resisteance to the highgest or lower tail of the candle. happy to share...
Something Interesting in Financial Video January 2014
Sergey Golubev, 2014.01.04 07:21
Lesson 1 -- Fibonacci Number Sequence
The Fibonacci Sequence is most likely the most influential series of
numbers in the world. It is also likely that you encounter the numerical
pattern everyday. This mathematical series was discovered by Leonardo
Fibonacci of Pisa in the early thirteenth century and was outlined in
his book, Book of Calculations. 1, 1, 2, 5, 8, 13, 21, 34, 55, etc. are
the "golden" numbers that are found in geometry, art, anatomy, music,
biology, botany, conchology, and even trading. After the two starting
values, each following number is the sum of the two proceeding numbers.
Fn=Fn-1 + Fn-2How does this relate to trading? The ratio of any
number to the next larger number of the sequence is 62% (or specifically
61.8%), the "Golden" ratio. The inverse of that Fibonacci ratio is 38%
(or specifically 38.2%). Mathematical psychologist, Vladimir Lefebvre
suggested that traders exhibit positive and negative evaluations of the
opinions they hold about the market. These negative and positive
evaluations have direct correlation with the retracement percentage seen
in market analysis.
If you are interested the Fibonacci Sequence you may also want to obtain more information on Elliot Wave and W. D. Gann.
Sergey Golubev, 2014.06.13 07:43
Traders can use the Fibonacci tool available in most trading platforms
to define the move, and then levels at the proper intervals of .236,
.382, .500, .618, and .786 can be drawn in. So, when prices move down to
the .236 line, we can say that 23.6% of that trend has been retraced.
Or if prices move down the .618 level, 61.8% of the trend has been
Indicators: Fibonacci retracement
Sergey Golubev, 2014.01.31 11:05
The 3 Step Retracement Strategy (adapted from dailyfx article)
Find A TrendlineBefore we can consider trading a pricing swing, we need to first be able
to find market direction as well as support or resistance. This issue
can be solved by creating a trendline. These areas can be found on a
chart by either connecting to highs or lows, then extrapolating their
direction on the chart. In a downtrend traders should look for price
action to be declining under trendline resistance, while in uptrend
prices should be advancing above trendline support.
Once market direction and trendline resistance is identified, we need to
identify an area to enter into the market. This can be done by finding a
confluence of resistance using a Fibonacci retracement. These
retracement values are displayed as a percentage of the previous move as
measured from swing high/low in a downtrend. Much like our previously
drawn trendline, these retracements can pinpoint areas where the market
may turn. Traders should look to see where these two values converge and
then plan to enter the market.
Now that we have a plan to enter the market on a price swing, traders
will need to identify when it is time to exit the market. This is always
the third and final step of any successful strategy! In order to manage
risk, traders should first consider where to set a stop order. In a
downtrend like the USDJPY daily chart, traders should consider placing
this value above resistance. On the chart below stop orders have been
placed outside of resistance, above our current trendline and previous
Something Interesting to Read January 2014
Sergey Golubev, 2014.01.13 06:04
Fibonacci Trading: How to Master the Time and Price Advantage: Carolyn Boroden
Product Description :
Made famous by the Italian mathematician Leonardo De Pisa, the Fibonacci
number series holds a Golden Ratio that is universally found in nature
and used by architects, plastic surgeons, and many others to achieve
“perfect” aesthetic proportions. Now, in this groundbreaking guide,
noted technical trading advisor Carolyn Boroden shows you how Fibonacci
pattern studies can be used as an extremely effective method for
achieving greater profitability in stocks, futures, and Forex markets.
Fibonacci Trading provides a one-stop resource of reliable tools and
clear explanations for both identifying and taking advantage of the
trade setups naturally occurring in the markets that will enable you to
reach the highest rate of profitable trades. Inside, you'll find a
unique trading methodology based on Fibonacci ratios, and the author's
personal experience analyzing and setting up the markets in real time,
which makes this practical volume invaluable to the self-directed
Complete with detailed charts and insightful graphics in each chapter, Fibonacci Trading features:
Fibonacci Trading also provides a four-step formula for applying the
covered techniques in a highly effective approach. Flexible enough for
all markets and trading styles, the formula helps you focus your newly
developed knowledge and skill sets into a solid trading methodology,
defined trading plan, successful trading mindset, and disciplined
trading approach that stacks the odds for profit in your favor.
This hands-on guide is packed with a wealth of actual trading
situations, setups, and scenarios that bring the four-step formula to
life so you can immediately use it in the real world.