Trend analysis
I would like to open a thread to discuss trading based on fibonacci, I know there are alot of traders out there including myself who trade with nothing but Fibs and I would like to share, along with gain some knowledge with other Fib traders. I have tried numerous methods but about a year or so ago I started looking more and more at fibs and began to see the repetitive nature and how price reacted to them. I have become pretty successful with Fibs now and think I can give something back, because I remember how hard it was to get started trading Forex with no experience.
Originally Fibs were very confusing so I simplified them to some degree and have had developed my own strategy with them. More or less a Fib breakout type strategy.
If there are any of you interested here is a sample of what my strategy looks like within the chart and we can discuss more if there are any traders interested. For the most part I only trade AUD / USD, USD / CHF, but I have been known to take on a few others.
Ill post the actual strategy in the next coming post as well as open the thread to any questions.I have become interested in Fibs in the last few months and would definitely be interested in seeing your strategy.
Trend analysis
AUD / USD, H1
The Australian dollar has updated a maximum at 0.9160, which is a correction to reduce to the uptrend support line. Expected continued decline in the dollar subject to further downward correction. When you update the maximum should reflect the continuation of growth.
Indicators in overbought zone.
Forecast depreciation.
USD / CHF, H1
Swiss franc flat market has struck an intermediate downtrend and traded in a range of levels of resistance - 1.0304 and support - 1.0251. Expected to increase in rate after the breakdown level of 1.0304. When breakdown support level 1.0251 will signal to the depreciation.
Indicators oversold.
Forecast appreciation.
07.01.2010 Analytics in pairs AUD / USD, USD / CHF
AUD / USD, H1
Course on the Australian dollar breaks the uptrend line support, as well as the level of 0.9172. Break not yet established and correction may happen to increase. With the breakdown will be signal to reduce the rate to the level of 0.9088.
Indicators in the area of sales.
Forecast depreciation.
USD / CHF, H1
Swiss franc traded at the downtrend resistance line, which is expected in the range of correction for the decrease in the breakdown will be signal to increase rate to the level 1.0381.
Indicators in the area shopping.
Forecast epreciation.
AUD / USD, H1
Australian dollar flat market tested the level of 61.8, and then struck again, and this level of testing the level below. Provided that at least at the level of 100.0, will not be updated, the course will again grow, as is possible in flat mode range.
Indicators in the middle zone.
Forecast appreciation.
USD / CHF, H1
Swiss franc traded in a range of levels of resistance - 100.0 and support - 61.8 in fletovom condition. With the breakdown level of 100.0 appears to increase the signal rate, if the rate of return in the range of levels of 50.0, we should expect further reduction of the downward trend.
Indicators in overbought zone.
Forecast depreciation.
18.01.2010 Analytics for pairs of EUR / JPY, GBP / JPY
EUR / JPY, H1
The currency pair was confirmed by correction of the level of 161.8. The course continues to rise to the level of 100.0, from which the correction is expected to decline. When breakdown rate will continue to rise to the level of 61.8.
Indicators in the area shopping.
Forecast depreciation.
GBP / JPY, H1
Adjusting the level of 0.0, the rate continues to grow and is traded in the range of the level of 61.8. Expected correction of the level of 61.8 to 38.3 level, after which the rate will rise again after the breakdown level of 61.8, with a view to the level of 100.0.
Indicators in the area shopping.
Forecast appreciation.
18.01.2010 Analytics in pairs AUD / USD, USD / CHF
AUD / USD, H1
Course on the Australian dollar struck downtrend resistance line, forming a new upward trend.There is a signal to open long positions on a new upward trend with a view to the level of 0.9323.
Indicators in the area shopping.
Forecast appreciation.
USD / CHF, H1
The Swiss franc strengthened against the U.S. dollar, adjusting the level of 1.0293. There was a breakdown of the support line uplink. A new downtrend with a signal to the depreciation. The aim will be the level of 1.0237, with the breakdown of which will be an additional signal at the lower rate.
Indicators in the area of sales.
Forecast depreciation.
EUR / JPY, H1
The currency pair was confirmed by correction of the level of 161.8. The course continues to rise to the level of 100.0, from which the correction is expected to decline. When breakdown rate will continue to rise to the level of 61.8.
Indicators in the area shopping.
Forecast depreciation.
GBP / JPY, H1
Adjusting the level of 0.0, the rate continues to grow and is traded in the range of the level of 61.8. Expected correction of the level of 61.8 to 38.3 level, after which the rate will rise again after the breakdown level of 61.8, with a view to the level of 100.0.
Indicators in the area shopping.
Forecast appreciation.
by: Home page (FOREX FIRST NEWS)Appreciate your effort to share with us.
From your thread, it seems that you use only FibRT to do the real time trading. Is this enough ?
08.02.2010 Trend Analysis
Analytics in pairs AUD / USD, USD / CHF
AUD / USD, H1
As the Australian dollar downtrend is formed with a signal to the depreciation. After passing through the 0.8603 support level at least updated at 0.8577. At this stage of development occurs through the breakdown of resistance, resulting in a signal appeared at the opening of long positions with a view to the level of 0.8780.
Indicators in the middle zone.
Forecast appreciation.
USD / CHF, H1
The Swiss franc is in an uptrend. After testing the resistance level of 1.0796, the rate adjusts to the decline. There is a breakdown of the support line with a signal to reduce the rate to a level of 1.0643. The upgrade will be the maximum signal to continued growth.
Indicators in the area of sales.
Forecast depreciation.
Analytics of pairs GBP / JPY, USD / CAD
GBP / JPY, H1
Rate for the currency pair traded in a range of levels of 23.6, from which the expected downward correction. In the long term rate will rise to the level of 50.0, but the upgrade will be the minimum signal to the depreciation.
Indicators oversold.
Forecast appreciation.
USD / CAD, H1
Course on the Canadian dollar fell by testing for the second time pyatidesyatiprotsentny level. Bears are still likely to master the situation. Signaled to the depreciation will be the breakdown of the level of 61.8.
Indicators in the area of sales.
Forecast depreciation.
12.02.2010 Trend Analysis
AUD / USD, H1
The Australian dollar strengthened against the U.S. dollar, despite the fact that the dollar has strengthened relative to other major currencies. Rate for the currency pair struck a downward trend line and, as seen in the graph, resulting in an uptrend with the signal to increase. It is also possible correction of the level of resistance of 0.8929.
Indicators in overbought zone.
Forecast depreciation.
USD / CHF, H1
In the currency pair as there was breakdown of the downtrend resistance line, but in the direction of the U.S. dollar. The course approaches the level of resistance of 1.0796, which is expected to reduce the correction. At this stage of the course is traded on the possible models of the uptrend, which will enter into force after the new maximum 1.0796.
Indicators in the area shopping.
Forecast appreciation.
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I would like to open a thread to discuss trading based on fibonacci, I know there are alot of traders out there including myself who trade with nothing but Fibs and I would like to share, along with gain some knowledge with other Fib traders. I have tried numerous methods but about a year or so ago I started looking more and more at fibs and began to see the repetitive nature and how price reacted to them. I have become pretty successful with Fibs now and think I can give something back, because I remember how hard it was to get started trading Forex with no experience.
Originally Fibs were very confusing so I simplified them to some degree and have had developed my own strategy with them. More or less a Fib breakout type strategy.
If there are any of you interested here is a sample of what my strategy looks like within the chart and we can discuss more if there are any traders interested. For the most part I only trade AUD / USD, USD / CHF, but I have been known to take on a few others.
Ill post the actual strategy in the next coming post as well as open the thread to any questions.