Scribd
Upload
400 views5 pages

The Fibonacci "ABC" Profit System

The document introduces the Fibonacci "ABC" Profit System trading strategy developed by Leonard Shaw, Alberto Pau and Don Gulzaar Russell. The strategy uses Fibonacci retracement levels applied to swings between points A and B to identify entry points C for trades. It provides rules for determining entry signals when the price touches the 5 period moving average and 0.382 and 0.618 Fibonacci retracement levels. Take profit targets are placed at the 1.618 Fibonacci expansion level above or below point A, while stop losses are placed 4-5 pips above or below the 0.618 level. The strategy claims to help traders increase their profits from 10 pips a week to over 132 pips per

Uploaded by

ina171100
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
400 views5 pages

The Fibonacci "ABC" Profit System

The document introduces the Fibonacci "ABC" Profit System trading strategy developed by Leonard Shaw, Alberto Pau and Don Gulzaar Russell. The strategy uses Fibonacci retracement levels applied to swings between points A and B to identify entry points C for trades. It provides rules for determining entry signals when the price touches the 5 period moving average and 0.382 and 0.618 Fibonacci retracement levels. Take profit targets are placed at the 1.618 Fibonacci expansion level above or below point A, while stop losses are placed 4-5 pips above or below the 0.618 level. The strategy claims to help traders increase their profits from 10 pips a week to over 132 pips per

Uploaded by

ina171100
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

The Fibonacci ABC Profit System

Learn the Secret Code that took a handful of totally inexperienced traders from 10 pips a week to 132+ pip trades with little to no risk http://TheFiboCode.com

The Fibonacci ABC Profit System


Thank you for downloading this system. Im Leonard Shaw and together with Alberto Pau and Don Gulzaar Russell, we are offering you a Free system inspired by the Fibonacci numbers sequence, which can be found all around us in nature. The Forex market is no exception from this, therefore you can dramatically increase you trading results once you master it.

Leonard Shaw, Alberto Pau and Don G. Russell

Learn the Secret Code that took a handful of totally inexperienced traders from 10 pips a week to 132+ pip trades with little to no risk http://TheFiboCode.com

SETUP:
Time frame: any over 5 min and less than 3-4 hour charts. Currency pairs: any. Indicators: 5 period Moving Average RULES: Look at the price waves. Find the most recent swing high and the most recent swing low - these are the Fibonacci A swing and B swing. Using the Metatrader tool Pull the Fibonacci retracements from A to B. To know which direction to pull (up or down) simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions.

Once set, wait and watch the retracement from AB swing to unfold. During the retracement there are three conditions to be met in order to consider trading: 1. The price must touch the 5 MA. 2. The price must at least touch 0.382 Fibonacci retracement level. 3. The 0.618 Fibonacci retracement level must not fail. Here it means the price should not close below (uptrend) / above (downtrend) 0.618 retracement line. It can touch or poke it, but the level must withstand the "attack".

LONG ENTRY POINT: When all three criteria are met, enter once the candle is clearly closed above 5 MA

SHORT ENTRY POINT: When all three criteria are met, enter once the candle is clearly closed below 5 MA Lets call the entry point, point C (excluded from the chart below for sake of clarity, varies according to when you place the trade).

Learn the Secret Code that took a handful of totally inexperienced traders from 10 pips a week to 132+ pip trades with little to no risk http://TheFiboCode.com

STOP LOSS: Place the stop loss always 4-5 pips above (downtrend) / below (uptrend) the 0.618 Fibonacci retracement level. TAKE PROFIT: Place the take profit 1.618 Fibonacci expansion levels above / below point A.

Learn the Secret Code that took a handful of totally inexperienced traders from 10 pips a week to 132+ pip trades with little to no risk http://TheFiboCode.com

Good luck,

Leonard Shaw, Alberto Pau and Don G. Russell

Source: proprietary research adapted from Forex-strategies-revealed.com

Learn the Secret Code that took a handful of totally inexperienced traders from 10 pips a week to 132+ pip trades with little to no risk http://TheFiboCode.com

You might also like