FxboOM #1 Pro 624 Trading System TRENDS & CHANNELS: We have three types of trend; The Primary trend, The Secondary Trend and The[…]
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Start 2020 with this strategy proven to produce more than 70% success Leonardo Pisano developed a simple series of numbers that created ratios describing the naturalproportions of things in the universe. And these numbers have been used by traders now for many years! Your charting software should come with a standard Fibonacci retracement tool; however, youare the one that puts this on your chart. The bottom line is that many traders use this tool whichis why it is highly important to have a trading strategy that uses this. You are going to need to know where to apply these fibs. You will need to place them onthe swing high/swing low. A Swing High is a candlestick with at least two lower highs on both the left and right of itself. A Swing Low is a candlestick with at least two higher lows on both the left and right of itself. A quick thing to remember about this: if it is an uptrend you want to start with the swing low anddrag your Fibonacci level all the way up to the swing high. If it’s a downtrend you start with theswing high and drag your cursor all the way down to the swing low.Now, what if we told you there is a simple way to draw the Fibonacci retracement levels on your price chart. https://almofxcom.wpcomstaging.com/best-forex-brokers/[…]
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Think And Grow Rich has earned itself the reputation of being considered a textbook for actionable techniques that can help one get better[…]