Dear vahid,

I like very much your articles here and it is very interesting to learn more from your good explaination with simple language and easy to understand it. keep on teaching us from now onward we will surprise you by what we want to value your kindness toward so don't sending this beautiful lesson.

wel, i have some question on how to drag fibo on small tf such 5M,15M,30M. i don't understand what to do on small TF.

You say you drag the fibo only on the finish trend, what is mean by finish trend as there are so many mini trend i saw on the chart up and down.

for example how many time do we drag fibo on small TF when it is downtrend or uptrend as you say the price will go pass it very quickly.

and also how TF can be use properly in small TF.

suppose i drag the fibo on the TF1H that mean i use them only for that time frame to look for my entry so how?
i drag fibo on tf5m that mean I can use it for only that tf?

help me

abaj98

and also how did we know that there is a buyer or a seller move the market fast up and down so we follow them buy or sell?

Thanks my friend



There is no difference between big or small time frames in plotting the Fibonacci levels. I have already published two articles about different methods of using Fibonacci levels on the price chart:
http://www.forexoma.com/how-to-use-fibo ... k-trading/
http://www.forexoma.com/more-about-usin ... x-trading/

But it seems Fibonacci has to be explained more. So I will make some videos about it that will help you more.



You can not see the trend properly because you zoom in and your chart is so big and so you can not see the bigger picture. You see only a small part of the market. When you want to find trends, you should zoom out, as much as you can. Then you will see the trends.



I have two main ways to plot Fibs. One is plotting on a matured trend, from top to the bottom, in the way that 23.60%, 32.20%, 50% and 61.80% cover the matured trend, as well as the future movements of the market (which is not formed yet). The other way is plotting the Fibs from the top to the bottom of a range, which is broken and a trend is started after its break. So the 161.80%, 261.80% and 461.60% levels will cover the forming trend.

Again, please see those two articles to see the examples on the charts.



You mean "how Fib can be used properly in small TF" ?

As I said there is no difference in plotting Fibonacci in different time frames. From monthly to one minute chart, you can use the same methods to plot Fib levels.



Any time frame has its own trends. It is correct that small time frames move inside the big time frames but while a big time frame is uptrend, you can see a downtrend in a small time frame like 5min. When you plot Fib levels on a time frame, your entry and exit should also be based on that time frame.



I don't understand this question.

and also how did we know that there is a buyer or a seller move the market fast up and down so we.

Very sorry friend, i mean how to follow the big boy when they are time to long and short? how to know them are willing to buy uptrend and sell the downtrend? as you say that don't fight the trend and it is your friend.

again fibo one more time please i don't understand yet.

1. suppose i want to use 5m tf to find my entry and 1h use to find the trend. Qusetion here is that which tf do i use to drag fibo either 5m or 1hour or both of them need to drag fibo all. please explain detail.

2. as i mentioned before on my previous message, there is many mini trend going up and down. I saw and count 1 of the trend that is up is consist of 120cs bar and the shortest one the day is 30cs bar. Do i call this 2 trend a trend!!!!!!!

and the 30cs bar is already have 6 bearish and of them have a long shadow at the peak of this 30cs bar trend.

so to get clear of this, can i drag a fibo on this 30bar cs trend or can it classified finish trend because it end already going down for a retracement.

or you mean drag the fibo only on the finish trend like my 30cs bar just now before the new unfinish retracement right?

hoping you can help me my friend, i am very new to this no.1 business in the world. tq.

Price chart tells you everything. Big boys also follow the signals on the price chart. When there is a good sell signal, they sell and when there is a good buy signal, they buy. The difference is that they trade using bigger time frames and their stop loss and target orders are much wider.



If you want to use 1hr to follow the trend, so you should follow the Fib levels on this time frame and not on 5min.



Number of candles can not reflect the beginning and the end of trends. Trends are known through their waves. To learn how to determine the end of a trend, you need to learn Elliott Waves which is a complicated topic.

Can you submit the screenshot of your chart. So I can help you better.

thank you for your lightening respond just recently and i thought you are tired and sleep on the side of world.

To make our more board more attractive never say tired right friend vahid anyway thank alot to you and may god bless you always.

wel, here is a new question again.

According to your best experience friend, which numbers of fibo is the most powerful as resistance and support as you always experience since you are marvellous experience teacher of forex business.

the signal for beginning of a trend is when all line of bollinger band come close to each other right?

How to find the right point where to drag a fibo suppose my country time now is 8.00am which is low from yesterday high range. so question is that do i drag from yesterday high range to low range of 8.00am today which it is already retrace up now and it can be classified as finish trend right because it have 4 bull already.

after i drag a fibo for the first trend do i darg again for the next trend above the previous trend.

How hours do i use for the first time dragging fibo and what time it is still valid when i drag it in the morning of 8.00am.

as you said before, 0.00% is the begining of a trend and the number of fibo is 4.00% or more is it end. so to start dragging a new fibo to awaiting the last number of fibo to be finish right friend. correct me if i am wrong and quite stupid on this lesson.

Suppose i use 1 hour time frame how many pip do i reserve for stoploss, i think it is more wider then 5m tf right.

more question will be here in the next week.

thank you,

Thanks



61.80% and 161.80% levels are the strongest.



No, that denotes for a ranging market. For the beginning of an uptrend, making higher lows, and for the beginning of a downtrend, making lower highs is the best signal. It means after a range market, it starts making higher lows. So it means an uptrend is started. And visa versa for downtrend start.



We don't consider these things in plotting the Fib levels. The highest and lowest point of a trend and also the high and low price of a range market are two places useful for plotting Fib levels.



If there is a trend above the previous trend, it means the previous trend is continued and so both of them are from the same trend. The trend is not finished yet.



We don't consider time in plotting the Fib levels. We consider the price levels.



Market never tells you where it will finish a trend. So we can not have any rule for that. When we have a range breakout, the first target will be the 161.80% level. And if the trend is strong it will reach the 261.80% and then 423.60% levels. But sometimes it can not even reach the 261.80% level. Sometimes it goes beyond 423.60% level. It depends on the trend momentum.



We do not set stop loss based on number of pips. Please read the below article to learn about setting the stop loss and target orders:
http://www.forexoma.com/where-is-the-be ... it-orders/



You are welcome

Million thanks to you vahid you are really very kind people where there no people as kind as you , i really praised you the best friend which 1 should find on this world. thank vahid.

You are very welcome

Good night Mr. Vahid,

very long time left this forum as i am very with numerous work outstation and very tired now. next year if i have gain alot of experience with this business of fx i will turn it to be fulltime trader next year, so i hope friend Vahid can help me and advice me on how to use fibo ok as i am still not clear with it.

so here is my question for this time.

1. why the distance between 100% - 161.80% is so long without any number there. is that blank number between (100%-161.80%) is the one that call wave 3 !!!!!!!!, Please advice me

Hi,

There are some other Fib numbers between the numbers we have on the Fib levels we plot on our charts, but they are not that important.

When there is a range breakout, the distance between 100% and 161.80% is wave #3.

million thank to you friend Vahid,

will if the distance between 100% and 161.80% is wave #2 that mean we are measuring the retracement level of impulsive wave right?

so what percent do wave 3 belong to?

hope you friend never tired to us ok friend.

Wave #3 has the strongest movement. If the trend which forms after the breakout is so strong, the next waves will also have something to offer, but in most cases wave #4 and the rest are choppy and small. The meat is in the wave #3. It is very easy to catch wave #3. You find a range. You find its high and low. You wait for its breakout at the beginning of the New York or London session. You take the proper position and plot the Fibs in the way that 161.80% and 261.80% levels cover the direction of the breakout. If you enter right after the breakout, you will be in the #2 wave. When the breakout is strong, wave #3 will be continued even up to 261.80% level.

It's been while that no one post this.

I like Fibonacci. However still need some improvement. Vahid, I know you are a good guy. I like your article too.

Hopefully could attract more people to join your forum.

Thank you my friend. You are great

Hello Vahid,
I have a question about how to draw a Fibonacci levels more acurately? I have watched the videos that you have in the members section, and I have to say , that its a bit confusing. The problem is , that when you draw S/R lines on your charts, you use Line chart or CLOSED price data, right? but when you draw Fibonacci levels, you draw them using HIGHs and LOWs or upper and lower shadows. If Fibonacci levels give us S/R levels then should we draw them in a same way that we draw S/R & Trend lines (that is using a line chart)?

Appreciate your answer...
USP.

Hi,

Fibonacci levels usually show the support/resistance zones, not the exact support/resistance levels. That is what I consider the high and low price to plot Fib levels, to consider the market noise. This is something that I have learned through experience.