Learn Forex GBP_Yen S&R, Bobokus.com
Saturday, May 29th, 2010 at
2:33 pm
GBP_S&R1
Tagged with: Currency • education • fibonacci • mt4 • Trading • Training
Filed under: Learn Forex
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could you tell me what software are you using?
Metatrader 4 platform, the fib tool can be customized from the tools properties. There is also a quick video (custom fib tool) that describes how to set the fib retracement tool up
thx
thanks it’s nice really , so simply you are using the fib insted of the S and the R lines , really i found out that the greatest tool is the fib level thanks , but using the candel sticks patterns is really great too with the fib and the trend , thanks for all
Your Welcome
Great Video, how do you zoom in and out like that? Can’t figure that out. Also, how do you highlight the areas in question. Great work. What website do you have?
Its a feature of the video recording program. The highlighted areas on the charts are just simple rectangle boxes (standard in the MT4 platform) meant to keep your attention on the part of the chart and fib levels you want to pay close attention too. My website isnt completed yet, all thats up right now is a store front.
Great work the trading community needs people like you.I have a question about the support and res. fib. relabeling them don’t see a video on that. Thanks again
Its the video labeled “Custom Fib Tool”.
You know I started with your ideas just two short weeks ago and after just two days I was making big pip numbers. I can’t thank you enough for all your help!! I havn’t had a loosing trade in over a week. It really makes so much sense. Thanks again…
Your welcome, soon youll be seeing the market from a different perspective and it will begin to make sense.
One of my favorite tools of all trading, along with the fib timezones there is no lag. and lag is what we dont need.
so where is your entry and exits? how do u manage your losses. u did not explain
This video is only meant to show the use of a fib retracement tools inner levels as support and resistance points. Entry’s are found from the action or reaction of price to these levels. In Trending markets you look to target the extensions of the tool 138.2 and 161.8 levels. In ranging markets you target previous natural support and resistance points. Stop’s are determined by previous natural support and resistance points.