Lazy Fib-swing Scalp

2016年10月13日

this is my strategy i use for quite some time with just the help of the Fibonacci extension tool and some common sense.

we just need 2 things :

• an established trend (hh-hl-hh) this is VERY MUCH a optical thing, the more clear the trend is, the higher the success rate
  
• SILENCE !! (this works best in Asia Session US afternoon session and off session) especially on smaller timeframes.
  

change the Fib extension to show the following values:
-5, 0, 38.2, 83, 121

- draw from last recent high to low .. and move the extension into the pullback .
- measure distance between -5 and 38 (for money management)
- place pending order at the 38% line
- as price move deeper into the pullback .. keep adjusting the extension and move the pending order to keep it on the 38 line.
- if price reverses .. do nothing .. wait the order to be filled.
- TP1 at 83% (this is not a fib number .. its aim is to 89, but experience has shown that 93 is much more easy to archive and it's still more than 1:1 ratio)

in my experience on shorter timeframes, its better to get out of the trade, once the momentum is lost.
fixed TP will take a lot of potential away .. (many times the price goes easy to 121 or 161)
but this is something one can feel based on how the price reacts in realtime

here is some example videos:
youtube.com/watch?v=1YKHaDdLkfY&index=1&list=PLTIropM8Wc6kIVXU7gVQ5PYi0oScsPv_L
youtube.com/watch?v=RPLMZElx7Q8&list=PLTIropM8Wc6kIVXU7gVQ5PYi0oScsPv_L&index=5

2016年10月13日

ノート

this works best on smaller timeframes .. like 2-7 minutes on a quiet market

2016年10月13日

ノート

Volatility is to avoid in this strategy, since the stoploss is very tight.

this is perfect for the quiet times instead