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This is my review for this thread:
today
Tuesday, June 30, 2020, 12:46 GMT+2
I am
Buying GBP as first priority
Selling USD as first priority
Selling CAD as second priority
Buying JPY as third priority
Buying NZD as fourth priority
Buying CHF as fourth priority
please note
when you Sell NZDUSD, it is EXACTLY the SAME thing that you are Buying USD !!
when you Buy NZDCAD, it is EXACTLY the SAME thing that you are Selling CAD !!
therefore,
today
Tuesday, June 30, 2020, 12:46 GMT+2
i will
Buy GBPUSD (check priority above)
Buy GBPCAD (check priority above)
Sell CADJPY (check priority above)
Sell USDJPY (check priority above)
Buy NZDUSD
Sell USDCHF
Buy NZDCAD (i will use Smaller Lot Size on these, Lowest Priority !!)
Sell CADCHF (i will use Smaller Lot Size on these, Lowest Priority !!)
watch the magic happen in this space![]()
What should I do now, my friend?
EttingerALL the trades are in Serious Profit !!
I closed the Low Priority ones (Buy NZDCAD and Sell CADCHF) becuz i do Not care much about them making full profit.
This is just AMAZING !! These Fibonacci Buy and Sell zones = they are Pure Gold !!
![]()
hey sticky,so u are opening many op with different pair,and your margin lvl drop to 400%(below than mr ridzuan suggest >10k%)Everything in profit,this thing is a BEAST!
View attachment 120458
Its a long story but still trying this strategy,will explain later but for now yes I"m confident let see!hey sticky,so u are opening many op with different pair,and your margin lvl drop to 400%(below than mr ridzuan suggest >10k%)
i think u are so confidence with this filter indi/macdscalper right?
is there any problem before with this filter indi ,after it give u confirmation arrow?
thanks
can you guide mePlease DISREGARD/ignore the Binary+AM Combo indicator and do Not worry about using it as a filter-indicator as of today (30 June 2020), its developer is nasty, he put EXPIRY date on it so TODAY it suddenly started showing that it was a 2-week Trial indicator ! But be thankful and happy that we have 12 *OTHER* choices of filter-indicators so you can DISREGARD/ignore the Binary+AM Combo indicator and you do NOT have to use it as a filter-indicator anymore. The current BEST two filter indicators are MACDScalper and Aroon Oscillator, but guess what . . . I am No longer even using ANY filter-indicator as final confirmation at all, I am now fully depending ONLY on the Fibo Buy and Sell zones because I want to SIMPLIFY the strategy as much as possible and use the SMALLEST/MINIMAL things to execute it !!
What settings do you use for the fibonacci buy sell zones.?is it 240 or 2250
Ettinger
well i am Not a Robotic or Systematic trader. I am a choreographic trader. I prefer to move in a fluid/flexible movements, rather than in a rigid/robotic way by looking for PERFECT squares and rectangles ! LOL.
to answer your question, I use BOTH 2250 and 240
when I feel like taking a Loooooong-term trade that may last more than ONE day
I use
Fib_Period setting
of 2250
in the
AutoFibo Trading Zones_1
indicator
on H1 chart
exactly as ORIGINALLY given/shared by Mohd Ridzuan !!
but when i feel like taking short-term trades by scalping, on a small account or by using a high-frequency trading style, i REDUCE the
Fib_Period setting
from 2250
down to
240
in the
AutoFibo Trading Zones_1
indicator
on H1 chart !!
and with this REDUCED Fib_Period setting, i only see the past TWO weeks of Fibo zones (Buy and Sell zones) rather than seeing Fibo zones that are drawn based on the past 94 days of activity on the chart
so basically according to me, if you are trying to make MONEY for the Day (for today / Day Trading), Don't look at what the market did 3 or 4 months AGO or worry about where price reacted a Lot (Reversals and Rejections) 3 or 4 months AGO !! To wait for price to reach these levels it can require a Lottt of UN-necessary patience for someone who wants to make money (for today / Day Trading) because for Day Trading you want to ALSO take advantage of the small Daily price activity/reaction levels ! So for Day Trading, I want to look at where price has been reacting a Lot (Reversals and Rejections) over the past TWO weeks only !
BEAR in mind that when you count the most-recent 240 candles on H1 chart, you are indeed counting backwards to see the past TWO weeks of price activity/reactions, BUTTTTT if you switch the timeframe of that SAME chart to M15, you are now literally looking at ONLY the past 2.5 days of price activity on that SAME chart !! So I see a Lotttt of people making a mistake, they think that these settings are some PERFECT numbers !! When you have a period-setting of 2250 on H1 chart, the Levels you see are applicable ONLY to the H1 timeframe, the moment you switch that chart to view/look at it in ANY OTHER timeframe, even with that SAME period-setting of 2250, the Levels you see are now COMPLETELY DIFFERENT, they are NO LONGER related to the levels you saw on the H1 timeframe !!! I hope I am Not confusing anyone with this statement/story.
can you guide me
I want to try
well i am Not a Robotic or Systematic trader. I am a choreographic trader. I prefer to move in a fluid/flexible movements, rather than in a rigid/robotic way by looking for PERFECT squares and rectangles ! LOL.
to answer your question, I use BOTH 2250 and 240
when I feel like taking a Loooooong-term trade that may last more than ONE day
I use
Fib_Period setting
of 2250
in the
AutoFibo Trading Zones_1
indicator
on H1 chart
exactly as ORIGINALLY given/shared by Mohd Ridzuan !!
but when i feel like taking short-term trades by scalping, on a small account or by using a high-frequency trading style, i REDUCE the
Fib_Period setting
from 2250
down to
240
in the
AutoFibo Trading Zones_1
indicator
on H1 chart !!
and with this REDUCED Fib_Period setting, i only see the past TWO weeks of Fibo zones (Buy and Sell zones) rather than seeing Fibo zones that are drawn based on the past 94 days of activity on the chart
so basically according to me, if you are trying to make MONEY for the Day (for today / Day Trading), Don't look at what the market did 3 or 4 months AGO or worry about where price reacted a Lot (Reversals and Rejections) 3 or 4 months AGO !! To wait for price to reach these levels it can require a Lottt of UN-necessary patience for someone who wants to make money (for today / Day Trading) because for Day Trading you want to ALSO take advantage of the small Daily price activity/reaction levels ! So for Day Trading, I want to look at where price has been reacting a Lot (Reversals and Rejections) over the past TWO weeks only !
BEAR in mind that when you count the most-recent 240 candles on H1 chart, you are indeed counting backwards to see the past TWO weeks of price activity/reactions, BUTTTTT if you switch the timeframe of that SAME chart to M15, you are now literally looking at ONLY the past 2.5 days of price activity on that SAME chart !! So I see a Lotttt of people making a mistake, they think that these settings are some PERFECT numbers !! When you have a period-setting of 2250 on H1 chart, the Levels you see are applicable ONLY to the H1 timeframe, the moment you switch that chart to view/look at it in ANY OTHER timeframe, even with that SAME period-setting of 2250, the Levels you see are now COMPLETELY DIFFERENT, they are NO LONGER related to the levels you saw on the H1 timeframe !!! I hope I am Not confusing anyone with this statement/story.
Is this correct?
Please DISREGARD/ignore the Binary+AM Combo indicator and do Not worry about using it as a filter-indicator as of today (30 June 2020), its developer is nasty, he put EXPIRY date on it so TODAY it suddenly started showing that it was a 2-week Trial indicator ! But be thankful and happy that we have 12 *OTHER* choices of filter-indicators so you can DISREGARD/ignore the Binary+AM Combo indicator and you do NOT have to use it as a filter-indicator anymore. The current BEST two filter indicators are MACDScalper and Aroon Oscillator, but guess what . . . I am No longer even using ANY filter-indicator as final confirmation at all, I am now fully depending ONLY on the Fibo Buy and Sell zones because I want to SIMPLIFY the strategy as much as possible and use the SMALLEST/MINIMAL things to execute it !!
goodluck sir,im testing this macdscalper too,so far so good helping us minimize the ddIts a long story but still trying this strategy,will explain later but for now yes I"m confident let see!
goodluck sir,im testing this macdscalper too,so far so good helping us minimize the dd
Everything in profit,this thing is a BEAST!
View attachment 120458