Carolyn Boroden an adviser on trade in commodity markets and the technical analyst, specializing in the analysis of Fibonacci time and price. She specializes in "synchronization" or merger ratios as price and time, which ensures a high probability of successful implementation of intra-day transactions with relatively low risk. Carolyn Boroden has been involved in trade with 1978. She worked at the major trading floors including the Chicago Stock Exchange, Chicago Mercantile Exchange, the New York Stock Exchange and the COMEX.
Carolyn also conducted seminars for four years on advanced trading techniques using Fibonacci ratios, both on the time axis, and at the price axis of the market. Currently, Carolyn Boroden operates an advisory service for "day trade" of Skotsdale, Arizona, which includes regular updates on the Internet in real time and live commentary. Her service specializing in S & P, but includes many other market indexes and U.S. Treasury bonds. It conducts its own seminars on trade during the year in various U.S. cities.
Most traders hear about the use of certain Fibonacci price relationships (such as levels of recovery) to help determine potential levels of support and resistance on the market. Many traders, however, less familiar with the concept of "groups" of these levels, and other price ratios to determine the commercial installation to enter the market with a high probability and relatively low risk.
For the purposes of this trading strategy, trading system on entry occurs when a trader sees a convergence of at least three Fibonacci price relationships that come together in the relatively narrow price range. This coincidence of price relationships determine a key price support or resistance zone for a potential trade entry.
These Fibonacci projection will be made from the "core" of maxima and minima of oscillations, obvious at a certain schedule, which we analyze. It takes some skill to select the key maxima and minima, which would be suitable for the creation of these groups. To find the "group" relationships, we use a price recovery, the price of expansion and projection of all the key Fibonacci maxima and minima of oscillations at a certain schedule.
To make these projections, we use the ratio defined by the Fibonacci series. The ratios used most frequently: 0.382, 0.50, 0.618, 0.786, 1.00, 1.272 and 1.618. From time to time, we will use the 0.236, 2.618 and 4.236 as the ratio, to confirm the other levels.
Once we have identified one of these price structures, we use the signals to enter the market to a certain price zone Fibonacci. Please note that many of these zones are violated every day. That is why we use the signals to enter the market. This increases our chances of success.
If the zone is not going to kept, the length of time you will not see a signal at the entrance to it. When we see a signal to the zone, and the transaction is unsuccessful, our risk is extremely well-defined border zone (Stop orders can be placed higher or lower extremes of the zone.) My favorite signal for the entrance to these zones - commercial channel index (CCI ). Some people may prefer to use other tools to get the signal.
Let's look at some examples.
The first example - a 15-minute schedule of S & P E-Mini. Once we got over all the possible combinations of price ratios, "zone" is established within the boundaries of 1132.75 - 1133.50. This zone includes at least three Fibonacci price relationships. Min was formed at 1133.25, which was accompanied by a good rally to the handle at 1139.00 (see model "cup with handle" at number 34).
The following example - a 15-minute schedule ES. We have a match, at least four Fibonacci price relationships in this example, in the range 1118.90 - 1119.50. The actual minimum was set at 1119.50. We have received a signal to buy against the zone from the 3-minute schedule.
This is an example - a 5-minute schedule minikontraktov Dow. We saw a good price a group of 10,272 - 81. The actual minimum was shown at around 10280, which was accompanied by impressive for the market rally.
Our final example is a schedule EURUSD. We have seen that, at least three price ratios are combined in the range of 11810 - 13. The actual minimum was put at around 11,812.Again, remember that the price zone does not always work. In fact, many of them destroyed in a day, with only a pause. When you combine these areas with your favorite warning mechanism, serving as a filter, your chances of success greatly increase.
0 comments:
Post a Comment