Monday, March 12, 2012

FIBONACCI - RIGHT ENTRY AND EXIT

Fibonacci trading tools are wonderful, but you can say that if you use them well, managing your entry and exit to ensure maximum profits and minimizing losses. Lot of approaches to using Fibonacci you can find online but in this article I have got something different and very profitable.

In the basic sense, when price retraces to some Fibonacci points we expect price to respond by continue the trend or we have a trend reversal. I have had terrible experience with this in the past until I introduced a filter as explained here.

The price continued the trend on getting to 50% fibo level. Now trend continuation could begin from 23.6 or 38.2 but trade at 50% became valid. I will show u why u have to wait till then. Change the timeframe to 15min and lets see.


Now this is not THEORY its real if you really want to learn start DEMOing and watch your chart to build your confidence. I told my students all the time. DEMO enough to convince yourself. Now at other retracement points no SELL until after hitting the 50% point you remain in trade until the 15min SCHAFF trend changes for your take profit or stoploss. 

Now before the trend was DOWN it was UP, let use see examples of the UPTREND. Take a look at the chart below:

Here market retraced to the 23.6 level and looking at the 15min timeframe, we have a BUY signal confirming that we can go LONG.

 Do your DEMO trading first and for Daily Analysis on Fibonacci please click here.

Regards.

Crystal Markets
http://crystal-markets.blogspot.com


10 comments:

  1. This blog is very nice and informative!
    I'm very impressive with your blog.

    Keep update...
    Thanks for sharing.
    Forex Market

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    1. thank you and God bless! You can follow dedicated fibonacci here http://crystal-fibonacci.blogspot.com/

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  2. Nice and very effective post provide , for all stock market investors . Please also provide some Ncdex Tips in commodity market .

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  3. Excellent material on fibonacci method of trading.I also like your writing skills.You are just natural.Meanwhile, I like to say Fibonacci is a powerful trading tool that transcends all markets.I like to use it both for entry and exit.So many creative uses of Fibonacci abound on the internet and they all work like fire.

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  4. There are so many ways to use fibonacci tools.Another effective way is to use it to determine the overbought zone in a downtrend and to find oversold area in an uptrend.

    Bosun
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