"One Tool To Rule Them All"

Amarsaleem · October 20, 2020, 5:52pm

its fairly simple.
Swing low/high on the chart recent data only.
by that I mean the current swing cycle.
Understanding of the market structure is important. so when you look at it you can first identify the trend then look weather market creating (lower low) or (high highs) after knowing the structure you can draw Fibb and then wait for the retracement accordingly.

Just pick up the fibb and start trying it on the trading view or mt5 until it starts making sense for you.

Watch some youtube videos as well.

I hope that helps.

therealInsideBar · October 20, 2020, 11:51pm

Whoop, there it is.

Na champ, I rather not make myself dumber listening to this polony.

How good are inside bars. Even better when its a spinning top. You use your lagging fibs. I’ll make my decisions based on price and structure.

If you like I can explain it all on Zoom

Reality is I won’t take take this trade as you are already exposed to risk on a correlating asset (GBPJPY).
Identifying and filtering is your first two jobs. Execution of the trade which you seem focussed on is the easy bit but the sexy bit. Managing a trade is the final stage which you conclude nothing of.

As I said easy to post preeetty picture and talk trade talk.

Trendswithbenefits · October 21, 2020, 10:08am

@Amarsaleem, thought I’d give it another spin this afternoon on the GBPUSD 1 hour Chart…

Snaps back yet again… another trade using arbitrage and the F-R as a trendline 90+ pips…

That’s just lucky twice… surely!!!

Amarsaleem · October 21, 2020, 10:38am

Oh… It seems interesting… I did not know you can do that.
You mean this right?
FIbb Acting as a trend line

Thanks @Trendswithbenefits

Amarsaleem · October 21, 2020, 10:34am

I am not selling a course I just showed something which really helps in my trading. if you don’t like it kindly leave. your opinion have no value to me…
I don’t even understand why are you arguing with me? oh man the world is full of shite. sadly.

Trendswithbenefits · October 22, 2020, 3:55am

QuadPip · October 22, 2020, 12:08pm

Trends, what are you pointing out with this annotated graph?

Trendswithbenefits · October 22, 2020, 2:40pm

@QuadPip, Arbitrage Theory using the Fib. Retrace as a Trendline… So, so simple…

Snaps back yet again… another trade using arbitrage and the F-R as a trendline 60+ pips…

That’s just lucky three times in a row… surely!!!

Amarsaleem · October 22, 2020, 4:55pm

Good Luck… maybe its not luck and you have decrypted a secret Forex system

Best of luck

MattyMoney · October 22, 2020, 5:16pm

Very Nice!

MattyMoney · October 22, 2020, 5:17pm

Too bad he posted it, now it’s doomed!

Trendswithbenefits · October 23, 2020, 12:59am

This is not a strategy that I use… I see phenomena like this on a weekly basis when backtesting code… This concept is just plain and simple pattern recognition… Rocket Science to most here… but far more accurate than some of the “Close eyes…throw dart and hold” strategies posted ad nauseam in these forums.

As I have shown over and over and over again… think outside the box… FX Education is useless…

therealInsideBar · October 23, 2020, 7:46am

Solid gold right there

xRedStaRx · October 23, 2020, 7:40am

Once you realize the application of the fib tool in the institutional world, only then would you use it correctly.

[Edited for a Forums Violation]

Trendswithbenefits · October 23, 2020, 8:38am

@xRedStaRx, Welcome… Quality first post… Is that your GBPUSD 30min Chart (Below)?

“Throw everything babypips out of the window, this is one of the best advice you can get in your trading journey, and as a bonus, it’s totally free…” xRedStaRx

And yet here you are…a Gun Trader out of Kabul… Posting in a beginners forum… Nice!

Please, outline your strategy for using the Fib tool…as used in the Insto’s world.… Enlighten us.

Trendswithbenefits · October 23, 2020, 8:21am

Snaps back yet again… another trade using arbitrage and the F-R as a trendline 36+ pips…

That’s just so flukey… what… 4 times in a row…

Amarsaleem · October 23, 2020, 8:46am

Year 2056 Aliens have taken over the earth.
Meanwhile @Trendswithbenefits
“Oh Another Fluke wow NO#4506949”

Just learn to use anything properly you will have success. trust the process stick to a method… most of us change strategies after 1 loss. those who stick to it succeed in the long run.

We still have time Remove it quickly

Looking at that snap seems likes its working as a magnet…
Keep us updated if convenient

Trendswithbenefits · October 23, 2020, 9:02am

Hey @Amarsaleem, I’m being ironical… appreciate you starting the thread…

It’s easy while the GBPUSD is in an uptrend… the real test will come when it changes direction due to a weakening GBP or strengthening USD… A change of sentiment will prove whether this strategy has some on going merit… Happy to update and demonstrate a direction change…

BTW… I have said trade in some posts… I only had positions on the 1st (Long) and 3rd (Short) legs.

Amarsaleem · October 23, 2020, 9:06am

@Trendswithbenefits Welcome glad you came along…

We can easy determine the trend on HTF (Higher timeframe) and also predict the next trend channel using structure and Fibonacci.

If its ranging Don’t Trade, Hop onto another pair and take trade if its suiting the method…

Regards

therealInsideBar · October 23, 2020, 12:35pm

Capture

So its Friday champ. Neither have reached their TP. Although GPJPY might, but at this stage of the day I doubt it. Selling an entry strategy is one thing. A rose by another other name would still smell the same.

But how are you planning to manage these two trades. I know what I’d do but reeallly like to know what you’d do.