Forex System Auto Trading

leveragefx December 25th, 2009 at 2:02 am

We have many other tools we use which show us the currencies STATISTICAL strength/weakness and that tells us the odds of it hitting the profit targets. We also always trail a stop to get us out with smaller profits when targets aren’t hit. You can also draw trendlines under the lows of the up bar. There are 3 other exit methods we use, feel free to come to our 2 weeks of free classes and learn them. Impossible to fully explain here without you seeing our charts.

leveragefx December 25th, 2009 at 3:17 am

Absolutely. We teach in our classes clusters of Support/Resistance including Fib clusters you’re referring to ( Fib Retracements and Targets) + Previous Days/Weeks/Months highs & lows, & Weekly / Monthly Pivots. A cluster for those who don’t know is when MULTIPLE areas of support/resistance are within a tight 10 to 30 pip area or zone. Markets typically reverse at these.

In fact we do this multi time frame analysis each day for all of our mentor students and the ZONES show up on the charts.

cherylish1 December 25th, 2009 at 4:42 am

impressive….I want to learn more. This is a great video- well done easy to understand & you keep it simple- thank you!!

leveragefx December 25th, 2009 at 5:23 am

That’s easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling.

IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I’ll give you a week of our classes free.

masmir016 December 25th, 2009 at 7:20 am

Great , very clear and simple explaination
on Fibonacci Retreacements, easy to understand

smklakken December 25th, 2009 at 8:35 am

Excellent explanation of Fibonacci

wwwForexsigcom December 25th, 2009 at 9:29 am

The Fibonacci strategy can be very profitable if you know how to correctly implement it.

leveragefx December 25th, 2009 at 10:14 am

Yes, this is exactly what we teach our traders. There are indeed Fib patterns off of different time frame trends and when they line up they are called FIB CLUSTERS. Buying Fib cluster support or selling Fib cluster resistance are some of the highest probability trades.

We also teach which Fib level to buy/sell based on our FX Multimap trend strength and where the currency is on longer term charts.
Our new FX Power Index trend tool also improves accuracy.

flipearl13 December 25th, 2009 at 11:07 am

amazing video! the key to fibonacci trading is identifying which highs and lows to trace. watched this video over and over for a week and i’ve been making an average of 30pts each time i get in. try using the macd together with this and you may see a signal for a great retracement.

takadapapa December 25th, 2009 at 11:45 am

great video. Thank you.
5 stars!

forextrainer December 25th, 2009 at 12:29 pm

very nice video

leveragefx December 25th, 2009 at 1:59 pm

The 1.618 is a Fibonacci profit target to exit your trend trades at and consider counter trend IF there are other factors such as other support/resistance there and how far overextended the trend is. In doing a counter trend trade at that level I typically will look for at LEASE a 38% Fibonacci pullback to look to exit at. That should be an area to LOOK for an exit. The actual exit is often a much bigger profit than this as you need to use trailing stops.