How to Trade with Fibonacci Fan - Identify trends | Forex
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How to trade with Fibonacci Fan - Identify trends. Identify trends to overview. Trade with Fibonacci Fan very easy, very simple: Step 1: I choose Gold chart H1. You can choose H4, D1 or W1. The larger time frame, the higher accuracy. Install the moving average MA89 and MA34. Step 2: Determine the two lines intersect MA89 and MA34. If the road crosses MA34 and MA89 from above downwards the current trend is decrease. Similarly, in contrast to the case above. The market tends to increase. Step 3: Using Fibonacci Fan determining the reversal of current trends. For downtrend, pulled the highest point to the lowest point. If the candle closes abobe line Fibo Fan 38.2, signaling a reversal of the current trend is cofirmed. The downward trend has now ended, started the trend to increase the price. Do the same with the uptrend. The regular practice you will discover many interesting things. Have any questions, suggestions, please leave a comment below the video. Share this video to everyone. Together research, to experience and discussion. HLO2 with Automatic Robot Trading System: http://jvz1.com/c/420759/181061 Reduce unnecessary losses and increase your olds of winning with this one easy tool: http://bit.ly/1mXTd9M Get 40+, 50+ and 80+ pip days...even before you've finished your morning coffee: http://jvz5.com/c/420759/188509
Comments
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My oh my, the music very soothing ..
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thanks.--Cam On Nhieu!!!
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thank you for sharing the information
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what settings are you using for the mas`? exponential, smooth, simple?
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Does it work in 5min or 1hour chart?
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Thanks for the video. you explained clearly that when you see the candle closed above 38.2, its the signal for up trend reversal. but u did not explain where to enter the trade and where to place you stop loss and take profit. please could u share more on these. thanks again.
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That sounds like great
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very interesting, great job, thank you for sharing
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thank for your video.
more video . -
thankoooooooo for your video.
i want more video about fibo FAN. please explain more. -
How do you know where to take profit once you find the trend? BTW awesome strategy!
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Thank you. Your technique make me double my account. Thanks again. Keep up the good work
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does it also work on currency ? or it only works for Gold?
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Good work, thnx. I'll experience it. ;)
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that's really a very nice presentation
But please tell me how to download this fibonacci fan in my metatrader 4 terminal,i couldnt find it in mine -
Just asking, until how many days we can pull the fibonaci fan (from highest candle to lowest / lowest candle to highest). For example, can we pull it just TWO DAYS from the crossing MA to analysis the next trend (reversal or continue the trend)?
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thnx bro..good stuff
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hello bro!
why ur Fibonacci Fan have 4 line(u have 38.2, 50.0, 61.8, 70.0)? but mine have only 3 line (38.2, 50.0, 61.8)?