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Complex trading system #12 (Fibonacci + trend line confluence)



Submitted by User on November 4, 2009 - 10:32.

Hello,
My name is Raja.

Here is a low risk high reward strategy.

It works best on 4H and Daily chart for all currency pairs.

Buy or sell at the confluence of trend line support/resistance and 61.8% or 78.6% fib retracement of the latest swing.


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Submitted by Edward Revy on March 14, 2011 - 08:59.

An example of two opportunities to Short USDCHF:

at the points where the downtrend trend line crosses 61.8 Fibonacci retracement level and also at 50.0 level.

Kind regards,
Edward

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Submitted by Marc on July 25, 2011 - 19:31.

Hello all. I have a general understanding of the system but with the attached chart could you please explain what all the lines are on the chart. I see there is both a demand and supply trend line drawn and a green and orange line. What are these coloured lines? Thanks.

Marc

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Submitted by Marc on July 25, 2011 - 19:32.
Sorry I thought that I could attach a chart but I'm not sure how.
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Submitted by Marc on July 25, 2011 - 19:33.

And I posted it on the wrong method. I am not having a good day.

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Submitted by Edward Revy on July 26, 2011 - 12:36.

Hi Marc,

no problem.
Regarding uploads, you can forward all screen shots to

they will be published.

Best regards,
Edward


  
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