Support & Resistance
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The document discusses strategies for trading the USDCAD currency pair using support and resistance zones, Fibonacci ratios, and harmonic patterns. It emphasizes defining supply and demand zones from the 4-hour timeframe and trading within these zones to improve probabilities. Ratio trading focuses on finding price zones where multiple Fibonacci ratios complete within a small range. Harmonic patterns that form in predefined support and resistance zones can increase the probability of a reversal above 70%. Trend is relative while ratios are absolute. The conclusion advocates trading harmonic patterns in support and resistance zones to maximize success.
Support & Resistance
- 5. THE RATIOS
- 6. THE PATTERN
- 7. THE PATTERN
- 8. THE PATTERN
- 9. THE PATTERN
- 10. THE PATTERN
- 11. THE PATTERN : BUTTERFLY
- 12. THE PATTERN : BUTTERFLY
- 13. DID YOU SEE THAT ONE?
- 14. SUPPLY ZONE
- 15. DEMAND ZONE
- 16. SUPPLY & DEMAND
- 17. REVIEW S/R DEFINE SUPPLY AND DEMAND ZONES FROM THE 4H TIMEFRAME YOU ALSO LOOK LEFT WHEN CROSSING THE STREET, RIGHT? TRADING IN SUPPORT AND RESISTANCE ZONES WILL IMPROVE YOUR PROBABILITIES
- 18. REVIEW RATIOS RATIO TRADING IS ALL ABOUT FINDING A PRICE ZONE IN WHICH MULTIPLE FIBONACCI RATIOS COMPLETE IN A RELATIVE SMALL PRICE ZONE IN CONJUNCTION WITH SUPPORT AND RESISTANCE ZONES THE PROBABILITY OF A REVERSAL BECOMES EVEN HIGHER
- 19. REVIEW PATTERNS PRICE VIBRATES IN HARMONIC WAVES UP AND DOWN IN FIBONACCI M AND W TYPE FORMATIONS THESE PATTERNS REPEAT THEMSELVES ON EVERY TIME FRAME, ON EVERY MARKET IN EVERY MARKET CONDITION
- 20. SOME FACTS THERE IS NOTHING NEW TO TRADING, BUT THERE IS A NEW TRADER BORN EVERY DAY LISTENING TO PROPAGANDA. YOU DONT NEED FANCY INDICATORS. ALL YOU NEED IS YOUR EYES AND A HORIZONTAL LINE.
- 21. SOME FACTS TREND IS RELATIVE, THEREFORE IT DOES NOT EXIST. RATIOS ARE ABSOLUTE, THEREFORE THEY DO EXIST.
- 22. CONCLUSION TRADING HARMONIC PATTERNS IN PREDEFINED SUPPORT AND RESISTANCE ZONES WILL INCREASE THE PROBABILTY OF SUCCESS FAR ABOVE THE 70% THAT EACH HARMONIC PATTERN POSSES TREND DOES NOT EXIST
- 23. STOP LISTENING TO THE NEWS . IT IS IRRELEVANT TO TRADING.
- 24. DO YOU WANT TO BE A TRADER OR AN ANALYIST THAT DOES NOT UNDERSTAND THE FIRST THING ABOUT TRADING? OR A NEWS REPORTER?
- 25. TRADE WHAT YOU SEE, NOT WHAT YOU THINK.
- 26. MAY THE FORCE BE WITH YOU, ALWAYS.
- 27. FINIXTRADING.COM