Analysis and signal

forextrader1990

forextrader1990

I post analysis and signal here based on the strategy I posted in this thread:
https://www.elitetrader.com/et/threads/a-strategy-that-is-a-secret.339655/

How I trade?
For example, In an uptrend trend line, When the price breaks out the trend line, after 50 pips, I buy. I put 40 pips TP and put the SL, 50 pips in below of the 161.80% of the Fibonacci.
The SL is big but I have to put a big SL. And it profits about 95%.
If the price touched the 161.80%, I buy again. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the Fibonacci.
If the price touched the first SL, I buy again. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the Fibonacci.
Sometimes 161.80% of the Fibonacci is near to the break point. In these cases, I use the 261.80% instead of the 161.80%.
I work in the H4 time frame. But sometimes I trade in the daily time frame and the first trade will be on a different point. For example 100 or 150 pips.
 
Last edited:
Sell EURUSD: 1.1092
TP: 1.1052
SL: 1.1332

eurusd-h4-fxcm-australia-pty-2.png
 
Sometimes the first SL is so big. In these cases I may trade about the middle between the first trade and the 161.80%. I put the TP on the first TP and put the SL, 50 pips in below of the 261.80% of the Fibonacci. (Uptrend trend line)
 
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