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Abstract:“One Tool To Rule Them All”
Lets Talk about something I learned which seems pretty interesting and effective on the Forex Markets.
As we the title suggests this tool is like the RING from the (LORDS OF THE RING).
If Used Correctly with Patience Believe me you are in for lots of pips.
Lets Talk About Buying and Selling.
When Do We Buy A Product?
Ans: When Its Offered at a Discount.
When Do We Sell A Product?
Ans: When It Reaches a Premium Price.
Forex Is the Same!
But Its Designed So we (RETAIL TRADERS) Dont Know when its offered at a Discount or a Premium Price.
A Computed Algorithm Delivers these Prices to the Banks and Institutes through a system called
INTERBANK PRICE DELIVERY ALGORITHM (IPDA)
The Prices for The days are set in this algorithm before each trading day then the price moves accordingly and reaches its destination after giving these Retail traders losses and banks and Institutes Profit!
Okay. So Enough About the Markets Lets Talk How to Identify when the Banks and Institutes are going to buy or sell.
That Is Where the Tool Comes In The (Fibonacci)
Oh Wait Not This Fibonacci thing again.
But Wait!
We are not talking about the Classic Old Fibbo.
The Altered Fibbo Levels!
We are not going to use them as confluence Instead We are going to identify is Pair offering a
DISCOUNT OR A PREMIUM PRICE to the banks and the Institutes!
The TOOL
SETTINGS
Level = 100%
Level = 0%
Level = 0.5% {EQUILIBRIUM}
Level = 0.62%
Level = 0.70% {OPTIMAL TRADE ENTRY}
Level = 0.79%
Q:How to USE?
1. TIMEFRAME
WEEKLY AND MONTHLY FOR THE BIAS.
Daily Is the most Important Timeframe As the Banks and Institutes Trades of a Daily Timeframe.
2. ENTRY
Take The TOOL From Swing Low To the High Or Vise Versa.
Then Wait for Price to Be Offered At any Discount Or Premium Price
It Can Be from anywhere to 50% to 0.79% Level
Once the Price Reaches these Levels Go down to lower Time Frame Such As H4 and then Wait For Rejection and Enter.
This Tool can Be Used to Determine:
ENTRY
TAKE PROFITS
KEY LEVELS
If Used Proper It Can Result In Great Deal Of Profits.
EXAMPLES
GBP/JPY DAILY
Another Example…
NOTE: 50% Is Not the Key! Price Can Brought at any of these levels
Example:
NZD/JPY Daily
As the Example Above Shows The Price went all the way down to 0.79% level before the Big Orders Came along and then the Price went all the way up 670Pips!
That is why its important to wait on the h4 for rejection and always go Break Even after Securing first TP…
Take Profit: MAIN TARGET IS THE 0% Level. Secondary Target Can Also be Predicted through the TOOL!
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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