by User » Tue Jul 07, 2009 7:52 pm
Forum transfer: Submitted by User on April 7, 2009 - 21:00
On the screenshot I put Fractals indicator, which shows all swings high and low, so it becomes easy to connect them by using Fibonacci Expansion tool.
Example 1: price moves up, 3 points ABC were connected. Further up we had a chance to Short at FE 1.618 and later - another chance to Short at FE 2.0
Example 2 (as we speak): again we've connected 3 most recent ABC points with Fib Expansion tool, the price heads down. If it descends to FE 1.618 (which would be approx 1.3226), we will go Long.
Same chance will be presented at FE 2.0 and FE 2.168.
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- fib_martingale.png (6.18 KiB) Viewed 11571 times
Last edited by
User on Tue Jul 07, 2009 7:53 pm, edited 1 time in total.