Criticial Points
Fibonacci retracement numbers: 1,2,3,5,8,13,21,34,55,89,144,233,377
I was using 34,55,89,144,and sometimes 233.
There is one critical number that you start with and then you do the math.
Example: USD/CHF 12800+34=12834, 12800+55=12855 etc.
12800-34=12766, 12800-55=12745 etc.
This is how you arrive at the starting point using two moving average lines.
Set "moving average exponential" to 144, the second to 169. These lines can
be very close togather or 15 pips apart. Lets say you are looking at the
EUR/USD chart, and you have your MAE lines on it. It best to average the two
price numbers at the end of each line.
Example: Top line is 12150 (use the end of the line)
Bottom line is 12138
Use 12144.
12144-34=12110, 12144-55=12089, etc.
**** If the price moves above/below these lines, its time to recalculate.
**** Very often the price will aproach and bounce off the closest 144 or 169 line.
**** Heres something that you will want to monitor. Add a third MAE and set at
12. When all three lines meet, the possibility of a very strong move is eminent.
Tuesday, October 7, 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(63)
-
▼
October
(46)
- Forex Trading Indicator - MACD Dots - Forex Signals
- Forex Signals - Pac_Man - Forex Trading System EA
- Enhanced BASIC Synergy FOREX EXPERT ADVISOR
- Profit Forex trading method #2
- Forex Trading Method Number ONE
- Forex Trading - Forex Live -on- the - News Webinar...
- Free Forex Signals - Final offer - Is it possible ...
- Easy forex trading MA System
- How to use Presets for your forex expert.
- To refresh forex EAs and or forex Indicators witho...
- How to tell forex Experts from forex Indicators
- Handy hedge free forex strategy
- EuroX2 - Forex Automated trading
- The Importance of the Money Management
- MetaTrader 4 Forex Backtesting F.A.Q.
- MetaTrader Forex Brokers List
- How to put a forex Indicator in a chart.
- For all which want reliable backtest
- DOCUMENATION for WRR_ZUP_INFO_v02 .mq4 forex Indic...
- Forex Trading ECN Lesson
- RSI-R2 – SUPER RSI forex Expert Advisors Frequentl...
- Intersection of fast and slow lines. forex lessons
- NoahDePhan, 10Pips
- A New Exit Strategy - The ATR Ratchet By Chuck LeBeau
- Elder Stops
- Forex Education - Forex EA Testing Setup and Proce...
- How to Insert and activate an forex Exper Advisor?...
- Forex Automated EA - Forex strategy ...
- How to trade Heikin-Ashi - Forex Signals
- How to tell forex trading Experts from forex Indic...
- TRANSCRIPT OF AUDIO FILE #4496 OF PHILLIP - FOREX ...
- 4H MACD PRICE MOVEMENT RULES – FOREX SIGNALS
- THE BALANCE LINE TRADES
- Adding a Magic Number to an automated forex tradin...
- How to add a Magic Number to a FOREX AUTOPILOT EA
- How to add alarm to any forex trading indicator
- How I use Murrey Math
- forex trading strategies - HAS Forex Trading Scalp...
- 3 Simple moving average Fractal forex system
- Here I will give you a description of the simple t...
- Forex Trading - ATCF forex trading System
- The 4 Hour MOMENTUM TUNNEL FOREX TRADING METHOD
- MACD Forex Indicator
- Forex Trading Criticial Points
- Forex Trading Strategies
- Forex Trading System - 1 HOUR TUNNEL METHOD BY VEGAS
-
▼
October
(46)
No comments:
Post a Comment