The Fibo forex scalping strategy is a profitable yet simple trading strategy that is easy to understand, even for absolute beginners.
In you are not convinced to the correction equality itself, maybe you can consider it, once it will be present in the place where other supports or resistances are, like trendlines,
Fibos etc. (look at our NZDCAD).
Of course this would not be a valid Favourite
Fibo entry, since the retracement was greater than 50 %.
Excellent piece on the use of
Fibo Retracements, a tool every trader should know and use.
Your platform should offer you that, together with a lot of time frames for those multiple symbols, a lot of popular technical indicators (sma, stochastics,
fibo and etc.), possibility to copy other traders, back testing terminal to test your strategy, news feed to know what fundamental data comes out and when and a few other features.
While people use
fibo ratios on the price, the ratios could be used on the time element as well.
Thanks Justin, valuable info, before I started with PA trading, I religiously believed in trading
FIBO's and Daily Pivots, well, needless to say, intraday trading and scalping was not for me.
My question is, after seeing the pin bar on daily and looking for confluence to trade from... do you also go lower to look at a 1 hr chart for entry or just stick with
the fibo retrace / entry on the 4 hr candle.
but after reading this, I can surely see
that FIBO retracement will further sharpen the decision making, exact entry point as a second confirmation
In terms of customer protection,
the FIBO group has also been able to assure their customers of the company's commitments to protecting their interests.
This is achieved by
the FIBO group through the acquisition of operating licenses from several jurisdictions such as the Financial Services Commission in the British Virgin Islands and Cyprus Securities Exchange Commission (CySEC).
There are 4 different types of trading accounts available at
FIBO group.
The commission charges and spreads which are applicable at
FIBO group depend on the type of trading account which the trader is trading from.
For any traders who is looking for a reputable and reliable broker,
FIBO group is worth considering.
We are looking for a continuation to the 0.382
Fibo / slope support @ 0.8759 and then the greater target (0.500
Fibo) of 0.8732.
From our review, we find that
FIBO group is deserving of the high praises that it had received from online forex trading community.
Nevertheless the commission rate and spreads at
FIBO group are very competitive with the minimum spread starting at 0.01 pips.
FIBO Group Holdings (Financial Intermarket Brokerage Online Group) is an online forex broker that was established in 2011.
With
the FIBO group, forex traders can be assured that the services that they receive are of the highest international standard.
In addition as a CySEC regulated broker, traders at
the FIBO group are covered under the Investors Compensation Scheme.
To ensure that their clients trading needs are adequately met,
FIBO group has provided 3 main types of trading platforms for them.
I would like to have some shortcuts for drawing objects like square,
fibo etc..
As you can see this trade is like 75 % in profit however price got to a different level of supports and
Fibo which I will review later in this post.
These are FortFS, IC Markets, RoboForex, AxiTrader, Oanda Europe, TradeView Forex, FxPro, Pepperstone, FxPrimus,
Fibo Group, MaxFX, LiteForex Europe, Vantage FX, FxGrow, GBE Brokers, Solidary Markets FX, TradingForex, Tickmill, Traders Trust, Fidelis Capital Markets Cyprus, GKFX, Exness, FXOpen, XM, Forex4you, ThinkForex, and InstaForex.
Fibo Gorup is an offshore forex broker with licenses from the offshore Financial Services Commission (FSC BVI) and CySEC, as
FIBO Group Holdings Ltd..
Offshore forex broker
Fibo Group has jumped on the cryptocurrency bandwagon by announcing the launch of trading in CFDs on BTC, ETH, LTC, ETC, ZEC, DASH, XMR.
TITLE:
FIBO: Financial Industry Business Ontology.
The ultimate resistance is produced by 61.8 %
Fibo at $ 8,100, which is still out of reach.
The 23.6 %
Fibo is currently the short term resistance level $ 695.
From the longer - term perspective, LTC / USD is locked in a range as long as it stays below $ 187 (50 %
Fibo).
On the intraday level, a sustained break below local support at $ 158.50 will spoil the picture and push the price to $ 153.00 (March 19 close); it is followed by 61.8 %
Fibo at $ 144.00.
On the upside, ETH / USD needs to get back above $ 500 to reduce immediate selling pressure with the ultimate bullish goal set at $ 570 (61.8 %
Fibo).
The resistance levels are generated by 50 - DMA at $ 9.930, psychological $ 10,000 and 50 %
Fibo at $ 10,266.
On the downside, the support is seen and at $ 10.266 (50 %
Fibo) and at $ 10,000.
The support is still at $ 10.266 (50 %
Fibo) and $ 10,000.
NEO / USD is trading at $ 126.50, well below 38.2 %
Fibo and 50 - DMA at $ 129.00, which darkens the short - term technical picture.
On the downside, the support is created by 50 %
Fibo on $ 10,266.
On the downside, the support area is created by 38.2 %
Fibo at 128.00 and 50 - DMA.
The support lies at $ 153.00 (Sunday's close); it is followed by t61.8 %
Fibo at $ 144.00.
From the longer - term perspective, LTC / USD is sidelined as long as it stays below $ 187 (50 %
Fibo).
Once it is cleared, the next upside targets - 82.80 (100 - SMA on the hourly chart) and 86.00 (61.8 %
Fibo retracement)- will come into focus.
Currently, the picture looks bearish as BTC / USD dropped below $ 8,000, which coincides with 61.8 %
Fibo retracement.