AUTO FIBONACCI PIVOT POINT
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Thread: AUTO FIBONACCI PIVOT POINT

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    AUTO FIBONACCI PIVOT POINT

    As we all know, there are many types of pivot points, and they vary based on the parameter of formation. In pivot formation, the main parameter that is used is previous high, low, close open etc. Among all the pivot points i know, the Fibonacci pivot is the best. It basically uses the daily charts for all its parameter calculation. But this indicator is automatic in its placements of Fibonacci pivot lines.

    Time frame and pairs: This trading indicator would work for nay time frame and pairs, it is solely about the trader`s digression in usage.

    TECHNIQUES: This indicator shows several lines. Three are green (R1, R2 and R3); which stands for resistance on bullish trend, Three are red (S1, S2 and S3); which stands for supports at bearish trend, and One is tick blue line (Middle pivot).
    The Middle pivot (P) determines the direction of the market for the day. If the market breaks the (P) point to either side, it will attempts to further break either R1,R2 and R3, or S1, S2 and S3 depending on the direction the market takes.

    A good forex trader will take the advantage of each lines (R1, R2, R3, P, S1, S2 and S3), Because the market tends to be repelled or successful at that points. But a tight stop loss is suggested above or below the points depending on the direction of the market. HAPPY TRADING!

    Fibonacci Pivots.ex4

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    I know this trading indicator, it is very good, and it displays all the data on the trading chart by itself. It makes traders to understand more on how it is working if the trader gives it time to mature very well. If the middle pivot is broken, it will help in making another break towards the further upward or downwards support and resistance numbers.

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    Registered user High's Avatar
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    Quote Originally Posted by silverlady View Post
    I know this trading indicator, it is very good, and it displays all the data on the trading chart by itself. It makes traders to understand more on how it is working if the trader gives it time to mature very well. If the middle pivot is broken, it will help in making another break towards the further upward or downwards support and resistance numbers.
    Dear mate, trading indicator signal support is very helpful to trading graph . when we are use chart base any trading indicator use and get proper pivot point, that' fine. Middle level mean pivot point at trading graph. Daily trading time frame of weekly trading time frame base pivot point mention is very powerful point to create a live trading order. Pivot level from strong support or resistance level to be select and money management rules base creating order mostly get profit.

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    Quote Originally Posted by High View Post
    Dear mate, trading indicator signal support is very helpful to trading graph . when we are use chart base any trading indicator use and get proper pivot point, that' fine. Middle level mean pivot point at trading graph. Daily trading time frame of weekly trading time frame base pivot point mention is very powerful point to create a live trading order. Pivot level from strong support or resistance level to be select and money management rules base creating order mostly get profit.
    It is a great way to make money indeed, but one should not still take it for granted. The issue of the principles of its dealings is what is mainly good for the trader to take note. A trader should not let it be too light in maturity before they take the position, you should let the breaking on the point be more than 4 pips more before trading.

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    I think when we make a compination between two or tree strategies it may be so profitable . thus when we use the febonacci wit the pivot we are in the good way for the success itself . also we can use one of them to be filter to the other . in order to be sure of our points of entry

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    Quote Originally Posted by hosny55 View Post
    I think when we make a compination between two or tree strategies it may be so profitable . thus when we use the febonacci wit the pivot we are in the good way for the success itself . also we can use one of them to be filter to the other . in order to be sure of our points of entry
    Naturally, the Fibonacci pivot can not just work on its own if the trader is wise. The trading strategy I know with this is for the trader to understand the direction of the market for the day with the pivot points, while a systems like moving average or another will be the one that will show the entry and exit to the trader for the day.

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    Registered user lawners1791's Avatar
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    yes that different measure should be applied as referring of the customs on rules with the strategy on composing of the better on arrange with the confirmation on supporting of the good precise with the chance as to put of the decision on option of the fibo logics of the trading plan by the system.

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    Quote Originally Posted by lawners1791 View Post
    yes that different measure should be applied as referring of the customs on rules with the strategy on composing of the better on arrange with the confirmation on supporting of the good precise with the chance as to put of the decision on option of the fibo logics of the trading plan by the system.
    This is a priceless indicator for trading mainly on the daily chart, it is very important in knowing the mind of the market, I am not used to its trading always, but I have used it before now, and it is working greatly. It will tell you the breakout side of the market within the day, this is good for traders to use for validating trading exercise.

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    Registered user lawners1791's Avatar
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    yes as to work of the good focus as trader to defines of the entry points on referring of the further on challenging of requests to calls of the target completion as spending with the good arrange on managing of works with the evaluation on running of the fibo logics with the appeals.

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    Quote Originally Posted by lawners1791 View Post
    yes as to work of the good focus as trader to defines of the entry points on referring of the further on challenging of requests to calls of the target completion as spending with the good arrange on managing of works with the evaluation on running of the fibo logics with the appeals.
    Entry is the main thing I see with this system, if the entry is good, then you can be sure of other trading system telling you the next point of action. This is never a thing that is hard for nay trader to do, and doing trading might make things very easy with the way you are making light trading signal with this indicator.

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