www.for-exe.com
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer

Fibonacci Numbers and Ratios,​ for Technical Analysis and Trading

12/1/2022

0 Comments

 
Picture
There is often much debate about Fibonacci ratios and which should be used for trading purposes.  Try searching the web and you'll be lucky to find a definitive list from a site that is 100% accurate or doesn't have pop-ups and click-bait all over them.  I'm often having discussions with my trading friends about which are the correct numbers, so with all that in mind, thought it would be a good idea to create a page dedicated to the subject; that also provides a one-stop reference point without the pop-ups and click-baits and, most importantly, explains how these numbers are calculated.

Here's the link: ​https://www.for-exe.com/fibonacci-numbers.html
0 Comments

Ethereum Daily Chart in the Golden Zone

10/1/2022

0 Comments

 
Picture
Ethereum USD is in an interesting spot at the moment - looking very much like an ABC back to the 4.  Thanks to Sergio, in our Skype Group, for pointing this one out on Friday,

The pink horizontal lines, to the right of the chart, are Fibonacci retracements clusters (using the Clusters tool that comes with eWavesHarmonics) going back to 2016 - they act as nice support zones.

I've used the ABC123 indicator, for the corrective move, along with the Fib Expansion and Fib Multiplier (a new addition that's in testing and showing remarkable results) to project the price-magnet clusters: the purple horizontal lines.

BTCUSD is in the bottom window - you can see how nicely correlated these instruments are and how BTC is also at support.

So we have ABC FE100 back to the 4, price is in the 'golden zone' of the up wave - the 50/62 - and it's at the demand zone:  several factors for confluence. Plus it looks like that's a possible small exhaustion gap to the cluster-cluster.

If ETH (or indeed the BTC) breaks current support, we can look to the FE127, right at the end of the 4 of the up-move, then the orange zones but, at least for now, this is looking like a nice discounted price to add some Ethereum to your portfolio.
0 Comments
    Subscribe to Newsletter

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    August 2021
    July 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013

    RSS Feed

Website design by Snorm
Subscribe to Newsletter
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer