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9/41
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Introduction.
After publishing my first article two months ago,which was quite popular by the way ,I wanted to make a significant contribution to the community and started to search for brand new subject that has not been approached yet in the contest. To find that I searched all 66 pages of article library ,which has none less then 15 articles per page totaling to a mind-blowing number of 990 articles.
Although it took a while I found tha the subject which hasn’t been approached yet is my Fibonacci Fan Lines based Trading System which I have been using for years.

“Sometimes the things you are looking for, are right in front of your eyes.”

Fibonacci Fan Lines Trading System.
1.System Description

This system works by crossing Fibonacci Fan lines with Fibonacci Retracements (were possible) and can be used to estimate support & resistance levels, potential reversals, breakouts and can help you predict future trend movements , being one of the few instruments of it’s kind that can help you achieve that.
Also the system is a very good weapon for long term technical analysis and has outstanding results on 1 Day , 1 Week and 1Month time frames. …
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Metal_Mind avatar

Hello FX_DLG . No i don't use Fibonacci time but i will check it out , and tell you if i find somenthing interesting .

Metal_Mind avatar

Thanks Helga :)

Metal_Mind avatar

@northwave : for sure , i am still working at it .

Metal_Mind avatar

I would like to thank everyone for support !!!!!

99Natali avatar
99Natali 5 Nov.

Great job! I support you!

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5/35
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This system looks quite messy at first glance but principles are very simple. It is the product of many hours spent monitoring and trading. I hesitated at first – whether to publish it or not, but in the end decided that sharing different opinions with others will help to improve this system. And it is always a useful experience to „regroup“ all the thoughts by writing them all on paper.The system is based on mix of horizontal and ascending/rising (angular) levels. Levels where different lines coincides - creates entry and exit points. It is applicable on any time frame but its not very practical to draw all the new levels every time M5 or M15 time frame changes its micro trend. So I use H1, H4, D1 time frames mainly, which means - it is suitable for intraday scalping and for longer term position trading. I personally trade multiple time frames at once.This method works best with less volatile pairs as opening and closing price of the particular period is more important then highs and lows. So spiky and hyperbolic pairs like EUR/AUD or USD/NOK aren‘t very suitable.Here is a quick view to a general principle.EUR/USD Daily trend channel divided in fallowing Fibonacci retracements: 6 …
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SpecialFX avatar
SpecialFX 22 Sep.

If you are using moving averages to identify support/resistance levels then I would drop all EMAs and replace them for SMAs. EMAs have little validity, because they are rarely followed by institutionals and other large traders. Then the SMA55 should instead be 50, the SMA24 should be replaced for 20, and SMA12 for 10. The most used SMAs by large traders are 10, 20, 50, 100 and 200, this will give you stronger and much more reliable levels than the EMAs you are currently using :)

Likerty avatar
Likerty 24 Sep.

That is a BIG question what institutionals use..ANd I believe they all are different as we all are... For my EMA's works better - I use them more on the closing prices - not for spikes. 24 EMA on Hourly represents last 24 hours, and daily 12 EMA - last two days (with sunday bars) - so it's just a lgocial time periods. ANyway - it's just a secondary tool for confirmation...

Likerty avatar
Likerty 24 Sep.

12 EMA for last two weeks - typo..

alifari avatar
alifari 24 Sep.

nice read

Likerty avatar
Likerty 14 Dec.

For any additional questions/suggestions please contact me via twitter - twitter.com/VienasEdvinas

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31/68
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Hello everyone! My name is Trang. This is the first time I’ve ever participated Dukascopy Trader Contest. However, I'm happy that I'm still holding my position in the Top10 traders of this month.You guys can visit my contest blog by follow this link: Thanh_trang167's page - Trader contest In this series of posts, I will share with you my simple successful trading method. Check out my blog regularly for more info The first part of this series can be found hereIn this post, I will show you how I use Fibonacci tools and other standard indicators inside our great JForex platform to forecast a turning point and make a trade.Let’s start with a chart like this…First, I will add Zigzag indicator for it to show me the turning points mechanically without letting my own feeling affect my judgment.Now if you don’t know how to add an indicator into your chart, it is really easy.Look on the low left corner of JForex, you will see all your charts are located in Workspace windowRight Click the chart you want to add more indicators, select Add Indicator >> More...“Add indicator” window will open, now select “Alphabetical” and type the name of the indicator you want in “Quick filter” boxIn this cas…
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hoanghuy0910 avatar

but again, we dont know how far the market can go after actual top/bottom formed. So I hope you can make a post about using stoploss and dig into this problem.

hoanghuy0910 avatar

the best thing in your post is that you've carried it out in Jforex platform. So thank you very much! Keep it up!

flora1190 avatar
flora1190 27 Apr.

good luck for the last week

flora1190 avatar
flora1190 27 Apr.

hi there, I have a question, are you going to write the last article?

hoanghuy0910 avatar

I guess she would not. but let's see if she will.
I love to read these nice stuffs ;)

orto leave comments
26/100
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Fibonaaci Retracements:Fibonacci retracements are levels determined by the Fibonacci sequence to provide areas of support and resistance by drawing from the high to the low of a recent swing in price or vice versa. The most commonly used numbers are 23.6 (55/233), 38.2 (34/89) and 61.8(8/13 - 55/89) these numbers are expressed as a percentage of the move with 0.0% being the start and 100% being the end of the move.N.B. ALL good forex brokers have a Fibonacci drawing tool.(including Dukascopy)For example if GBP/USD had fallen from 2.000 to 1.000 (for ease of demonstration) the levels of support and resistance when price retraced would be 1.236. 1.382 and 1.618. These level are ones which you can trade around with a high Risk:reward ratio as these are strong levels which will be respected by ALL traders up to Institutional level.Applications of Fibonacci retracements:you can use Fibonacci retracements in many different ways:As a price target for a trade at which you think it would be wise to close for a profit as price could turn here.Using it as an are for a stop loss where you would place stop 5/10 pips the OTHER side of the line.You could trade a bounce with a very tight stop and …
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mielec avatar
mielec 20 Dec.

You know what is most interesting in your articles? THey are one after one after one in rankings. This is unique

AdrianWS avatar
AdrianWS 20 Dec.

Cheers everyone hope you all enjoyed reading and learnt something. Mielec I hope that means I am consistent if anything :)

FX_Swingtrader avatar

Doctorby if you have pivots lining up with fibs its very respected. However as before low liquidity can have dire effects on high R:R set ups. As always good stuff.

masterfxtrader avatar

nice article, very useful and a happy christmas. +1

AdrianWS avatar
AdrianWS 31 Dec.

Happy new year everyone, have a good and prosperous 2012.

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