ChartFibonacci Grid Trading

1
This system is based off fibonacci grid trading, the grid its self is not a strategy just a way to look at the market, its very nice to have 72 charts on one screen and to see instantly what a pair is doing on 4 different time frames almost instantly.

Here is some explanation as to what the objects mean on the indicator.

The grid is a 2D representation of each time frame chart laid side by side. Each box (dark green, light green, dark red or red) represents a leading moving average (13 SMA - light green or light red and the 21 SMA as red and dark red) the 233 SMA is colored as a black box. As price crosses the moving averages it crosses the grid boxes and they are either green if price is above the MA or red if price is below the MA. As price moves either up or down and is trending it will cross the shaded blue or orange areas marked by the dark black numbers, if the time frame is trending up it will go into the blue zones or down into the orange zones, this makes it easy to tell what the market is doing on each time frame. Daily fibonacci pivots are added as well but these can be changed according to your trading plan.

Taking trades is pretty straightforward, shaded areas that line up across each time frame are the areas of value. As the shaded areas are darker and more time frames are lined up the stronger the level and more likely price will reverse. Exiting trades are up to your account size and trading plan, normally I exit at the 15 minute MA, or daily pivot. The interesting thing about the grid is there is no one way of trading it.
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Re: Fibonacci Grid Trading

2
Fantasydank wrote: Wed Jan 24, 2018 3:49 pm This system is based off fibonacci grid trading, the grid its self is not a strategy just a way to look at the market, its very nice to have 72 charts on one screen and to see instantly what a pair is doing on 4 different time frames almost instantly.

Here is some explanation as to what the objects mean on the indicator.

The grid is a 2D representation of each time frame chart laid side by side. Each box (dark green, light green, dark red or red) represents a leading moving average (13 SMA - light green or light red and the 21 SMA as red and dark red) the 233 SMA is colored as a black box. As price crosses the moving averages it crosses the grid boxes and they are either green if price is above the MA or red if price is below the MA. As price moves either up or down and is trending it will cross the shaded blue or orange areas marked by the dark black numbers, if the time frame is trending up it will go into the blue zones or down into the orange zones, this makes it easy to tell what the market is doing on each time frame. Daily fibonacci pivots are added as well but these can be changed according to your trading plan.

Taking trades is pretty straightforward, shaded areas that line up across each time frame are the areas of value. As the shaded areas are darker and more time frames are lined up the stronger the level and more likely price will reverse. Exiting trades are up to your account size and trading plan, normally I exit at the 15 minute MA, or daily pivot. The interesting thing about the grid is there is no one way of trading it.
Hey,

looks interesting.
maybe over the next couple of weeks you can give more examples of how you trade this method.
D.

Re: Fibonacci Grid Trading

3
Fantasydank wrote: Wed Jan 24, 2018 3:49 pm This system is based off fibonacci grid trading
Good stuff mate. Thank you for posting your files as well! :thumbup:
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