Use of Fibonacci Retracement tool to trade the 61.8 ratio for Binary, Nadex, Forex + possible sell trade on the ETX Capital platform. The strategy is quite simple.
www.connectwithshiva.com
Comments
Shiva, you can`t immage how your vids are usefull! The more I watch, the more I understand where I can enter safely
Hi Shiva, this is an excellent video. It's very clear. You mentioned about double bottoms and that beyond that, market will climb up to at least....? Sorry I didn't quite get that part. In another part, you also mentioned that once it climbed up, it will drop usually by 50% from the peak? Can you share a bit more? Thanks.
Hi guys I wonder if someone trade this strategy 3-7 gmt as I would like to trade with someone as I think that it could be useful to share your experience?
Hey Shiva. Ive been testing this for almost 3 months now. In your previous video you explain to trade on the second candle. Wait for the first candle to hit 61.8 and take the trade on the next candle. For some time ive been testing first and second candles. For the second candle setup i wait for the first candle to finish above, at, or below 61.8 For the first candle setup waiting for a good entry once it passes ive found it to be 46% win rate. On the second candle setup ive found it to be 74% win rate. I also traded the 61.8 setup only when the first candle hit 61.8 and retraced below or 61.8 only. If the first candle crosses and stayed above 61.8 i avoided the trade. This has given me 88% win rate. Done 210/240 trades in that format. I hope this help other trades. Keep up the great work Shiva and thanks again for getting me started on Fib.
Hi Shiva, thx for the video. For binary in 15 mins bar, how many candles do you recommend to call/put normally, say if the candlestick bounces from the 61.8%?
Shiva* sorry may bad
Hello Shyva how are you? Really big fan of your channel as you now! Always great stuff. Because of this 61.8 strategy I have been really motivated, so this week I have been studying a little about Fibonacci expansions. So, as you explained have more confluence points around 61.8 is essential.(I totally agree and think that emas are really good - 200 my favorite) So in your opinion there is something that good to have near the expansion lines? Thanks a lot for all the videos, next thing is learning more about Elliot waves! Cheers
thanks! I really appreciate it. I'm sure it's something stupid I'm doing wrong that you can help with!
Always spot on brother...thank you. I've connected with Market Traders Institute for additional learning and they use the Fibonacci's and retracement as a primary means of following and anticipating the market. It has brought order to my charts. I have taken your advice and begun to trade Forex, first in Demo form, and this past week, using genuine, real, greenbacks! I'll keep you apprised of my progress.
Shiva, good video as always!!!Thanks for sharing
Hi Shiva, I sent you an email in regards to setting the proper time zones on your template. It seems the Asia market is giving me some issues because of the time frame bumping to the next day.
thank you so much
Shiva, How Do I get the Green and Red Support and resistance lines?
Thanks Shiv, gonna give it a go now.
so basically I will wait for a bit of wick and a bar to be closed below 61.8 and open a position of 15min expiry in the next Candlestick? please confirm. thank you.
Hey brother! I am a bit new to your channel but I love it so far. Just installed the subliminal messages on my computer and I think its already working :) Do you have a video tutorial about metatrader and how to set up those nice squares that show which session currently is on? Cheers from Sweden!
Thank you Shiva, much appreciated. One question, I've noticed in the last few videos that you're using a few more EMA lines since your original 15min strategy videos, could you please at some point make mention of these new EMAs, their settings and relevance.