my system is:
after any divergence of price with (momentum) i take momentum 30.... we take previous high to the low just before divergence in up trend ,,, or the previous low to the high just befor the divergence happen (in downtrend),,, and use fibonacci extensions----> so it must rebound to 100% ratio after a fibonacci level ,,,examples
(the problem is
1- how to use stop loss ...
2- at which level it will rebouned)
the problem is
it can rebouned from nearly these levels
how could i know the level ...
or how could i make my money managament to earn in any level
golden ratio (1.618)
Upload images on the forum. Otherwise it will disappear after 1 month for example the thread will be empty.
any suggestions please
the probability of this system is about 98%
till now in forex it didn't lose,,,
but the problem (which level u'll enter)
if i enter at 618 it may go to 1111 then rebouned or 1800 or even 29.9
these high levels are rarely seen ----> but it they have been seen
and if i didn't enter the market ,,, at 6.18 .. it may rebouned from it
big problem here
but what to say (it will rebouned )(if God ordered)(en shaa allah)