This Blog is basically created for Forex Traders to share their ideas, to help others and to get help from others. About me:- I trade Forex without using Indicators following Price Action. I got the basic from my own wife, then studied some ebooks and sites and practiced few brokers.I will start teaching from 1st Of August 2012 Insha Allah for free.U can add me in FB also. My Facebook ID is KhanFX.My.اُردو یا پشتو کے لیے ایڈمِن سے رابطہ کریں فیس بُک کے ذریعے یا بلاگ میں کمِنٹ کے ذریعے۔
Wednesday, 4 July 2012
How to trade editing Fibonacci Levels?
In Fibonacci we follow trend's direction but here U have to do the opposite of that. Like I drew from up to low but the most recent small trend in 1 Hr chart. No U can see the Entry Level , TP1,TP2 and SL... Try it on Demo first then apply to your real.
For this U have to edit Fibo Levels. Go to properties of Fibo, click on Fibo Levels. Do not edit Level but Descriptions. Copy these values one by one and paste in the descriptions values as shown in the picture.
TP2 Level 0.0 - %$
TP1 Level 23.6 - %$
38.2 - %$
Entry Level 50.0 - %$
61.8 - %$
SL Level 100.0 - %$
Upto here only, the rest if u want to put , so its ok.
-------------------------------------------------------------------------
1.618 - %$
261.8 - %$
423.6 - %$
There is Indicator also for this. it will draw itself everything for U but that normally works on EUR/USD 1 Hr and 5 Minutes charts. Others are not advisable. If U want to try, then
Download it from here for free>http://www.4shared.com/file/gcuN1Ldg/Vec-Scalperz.html
Subscribe to:
Post Comments (Atom)
One more thing that U have to find a proper completed trend, better short trend. If long then the entry will also be long.
ReplyDeleteI tried many times , it worked very well. Just put it proper way.
ReplyDelete