Pendidikan
Why Fibonacci is your friend in trading stock or Forex
This is a 60 min time frame, indicators required:
Stochastic oscillator with parameter 8,3,3
8 EMA & 20 EMA
When to buy if you missed the boat of EMA crossover on 16-Jun
Mind Read:
1) Any Fibonacci Retracement Level? Answer: 23.6%, 38.2% (=S1)
2) Wait for reversal signal (black up arrow), did it close above 8 EMA? Answer: Yes
3) Stochastic (8,3,3) shows price convergence
4) LONG during phase 1
When to sell ? (Reverse Thinking)
Retracement level from 5-Jun 15:00 to 20-Jun 13:00 was 23.6%, then I project another Fibonacci Retracement (grey colour) to let its 38.2% overlap to old one. Therefore I will expect the highest price will reach somewhere near $0.938.
By confirming this is the highest price, I draw two parallel orange trend lines. $0.938 is trapped.
Risk:
Stop-loss to be considered near S1 ($0.78), about 6%
Stochastic oscillator with parameter 8,3,3
8 EMA & 20 EMA
When to buy if you missed the boat of EMA crossover on 16-Jun
Mind Read:
1) Any Fibonacci Retracement Level? Answer: 23.6%, 38.2% (=S1)
2) Wait for reversal signal (black up arrow), did it close above 8 EMA? Answer: Yes
3) Stochastic (8,3,3) shows price convergence
4) LONG during phase 1
When to sell ? (Reverse Thinking)
Retracement level from 5-Jun 15:00 to 20-Jun 13:00 was 23.6%, then I project another Fibonacci Retracement (grey colour) to let its 38.2% overlap to old one. Therefore I will expect the highest price will reach somewhere near $0.938.
By confirming this is the highest price, I draw two parallel orange trend lines. $0.938 is trapped.
Risk:
Stop-loss to be considered near S1 ($0.78), about 6%
Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.