taken yet we have left some open in case we catch a nice. This is because the market ranges more at the 89 fib than it does trending so we lock in the greatest portion of the profit early rather then later. OK you hopefully have the basis of this system. Share your opinion, can help everyone to understand the forex strategy. OK lets me get on and describe. So 100k cap entre l'afrique de transport forex start with 30 30k or 30 lots fibo is set to 30 TP so 30 lots - 30 9 lots TP on 1st fibo 21 left second fibo hit now.3 so round this to 6 leaves 15 lots Third fibo hit. Im open to serious ideas to improve this system but please I dont wish to include any indicators to aid the SMA break.
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Jurik JMA is then Google. Also one can see the greatest portion of the order is taken at the 1st fib. 4) The last 50 of position is held until we get opposite signal on the other side of the tunnel at about the second fib level. The benefit of 4 hours is you get good nights sleep, can go out during the day for many hours and so basically are not tied to the PC all day. The only thing I don't like about a long trade when the price closes above the sma is that it is still a gamble on how far the price may rise above the 55 sma. I think trading shorter time frames is a crapshoot because the price movements in shorter time frames are in my opinion just random noise. We want the market to exhaust itself before we enter. In other words, we book half the position for a profit. So the last lot left open begins a free trade. Perhaps you will trail the market with a stop, or look to get out, for example in a bull run, with a violation of the previous days low. Overlaid on the same chart are fibo number sequence lines where we take profit.
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