What we want is to add another leading indicator to our arsenal that confirms the divergence signal for us. That other leading indicator is the Fibonacci Levels. Yes, fibonacci levels are widely used by professional traders and they are strong leading indicators. When price bounces from either the 38.2%, 50% and 61.8% levels, it is a strong signal that the retracement is over and the trend is going to resume itself. However just like candlesticks, you cannot use these fibonacci levels alone in trading. You need to use them in conjunction with other indicators like the MACD and the Stochastic. This is precisely what we will do when we add these fibonacci levels to our divergence based swing trading system.

In the above screenshot, a bearish divergence pattern is appearing on the GBPUSD H4 chart.The date is 1st May. Can we further confirm this signal before we enter into a short trade. Yes, we can rather we should always confirm this signal further with another indicator before we enter into a short trade. Take a look at the following daily chart screenshot.

What we have done is connected the most recent swing high with the swing low and drawn the fibonacci levels. MT4 automatically draws these levels so you don’t need to worry about them. Take a look at the 50% level. On 1st May, price bounced off from that exact level which was pricely 1.5606. Next day it couldn’t break that level and made a high which was 1.5590. The third day also it couldn’t break it and made a high of 1.5600. This is a strong indication that price is not able to break above this 50% fibo level.

So the divergence pattern that is appearing on the H4 timeframe as shown in the first screenshot is being strongly confirmed by the price being bounced back by 50% fibo level. We entered into a short trade at 1.5582. Our risk was 24 pips. We continue in the trade as there is no bullish divergence pattern appearing yet on the H4 timeframe as shown in the first screenshot above. Now take a look at the following screenshot.

As you can see in the above screenshot, we connected the last swing low with the swing high this time. MT4 automatically drew the fibonacci levels. A divergence pattern is in the process of being formed on H4 timeframe. If you take a look at the above screenshot, price is right now 1.5170 while the 61.8% fibo level is at 1.5127. So next week the price is going to bounce of this level before a bullish divergence pattern appears. Right now we are in a profit of 412 pips. We had entered into a trade on 3rd May and today it is 18th May as I am writing this post. The price is going to touch the 61.8% fibo level which is at 1.5127.  So you can see by using fibonacci levels, we can predict the important areas of support and resistance where price action has got a high probability of bouncing off. Now it is always a good idea to join the swing low and the swing high or the swing high and the swing low of a long term trend. This is precisely what we did on the daily timeframe. Read this Investopedia article on how to avoid top 4 fibonacci retracement mistakes.  We also use Fibonacci Projections and the Fibonacci Extensions in confirming our signals. More on that in later posts. Download this FREE PDF that explains how to set these Fibo Levels properly on your MT4 platform as there are some shortcoming in the default fibonacci levels on MT4.

As you can see this Forex Supreme Scalper System uses 6 powerful indicators that will keep you away from a choppy or a sideways market. Take a look at the following screenshot.

The sidways market filter will tell you when you can trade and when you should avoid trading. Now the developers of this scalper system are so confident that they are giving full 60 days of no questions asked money back guarantee so that you can test drive this system on your demo account. Test this Scalper System on your demo account for at least one month. Check the performance especially the winrate and the average size of the win as well as the average size of the loss.  All the six indicators should confirm before you pull the trigger. The interface is user friendly plus there is an alert function that you can use. This alert function will inform you when there is a trade setup so you don’t need to monitor the charts all the time. Below is another screenshot of this Forex Supreme Scalper System in action, this time on M1 timeframe!

Nel Hettie is the perfect person to teach you how to develop your winning trading strategy. Over the years she has mentored small group of traders. For the last 6 years, she is working as  a professional forex coach also. In the last 10 years, she has witnessed many market cycles and has the experience and knowledge that can help other traders. This is what she says:” Know yourself,  know the market and know your strategy.”  And this is what Forex Global Profit is all about. Forex Global Profit Course comprises of 4 modules which are:

1-Module 1: Forex Fundamentals And Background.

2. Module 2: Indicators and Strategies Library.

3. Module 3: The Most Critical Component Of Forex Global Profit

4. Module 4: Forex Global Profit Toolbox

Hettie is also giving 60 days of no questions asked money back guarantee. So you have nothing to lose if you want to test drive her Forex Global Profit Course.

Expert Ebook #1 – Pro Binary Tips
Expert Ebook #2 – The Binary Formula
Expert Ebook #3 – Easy Trader eBook
Expert Ebook #4 – Fixed Odds Financial Betting System
Expert Ebook #5 – Binary Options – The Simple Lesson
Binary Software #1 – Auto Binary Bot
Binary Software #2 – Binary Arbitrages *HOT*
Binary Software #3 – Binary Genetic *NEW*
Binary Software #4 – Binary Cash BOOK KEEPER
Bonus FOREX Software #1 – Forex SEER System
Bonus FOREX Software #2 – SR Ally System
BONUS – The Investment Guardian PACK

For example the Easy Trader eBook comprises of 51 pages while Fixed Odds Financial Betting System comprises of an incredible 345 page eBook. Auto Binary Bot is a software that generates accurate trading signals. OVER 34 PRODUCTS ALONE plus you have got full 60 days of no questions asked money back guarantee. So if you don’t like the quality of the products in this Binary Options Trading Firesale, you can always ask for a refund.

1.117 page how to book that will teach you everything that you need to know.

2. The SM Squeeze Indicator used in his Fractal Squeeze Strategy that will make trading a snap for you.

3. The Key Levels indicator used in his system that will predict how far the market will go during a day.

4. The Asian Sessions Indicator that helps in trading breakouts that take place after the slow Asian session is over.

5. Easy to use video tutorials that will help you install and use these indicators.

6. A safe money management system that will keep you in profit always.

7. You will also get strategies that work in all market conditions.

This SM Squeeze Indicator will help you position for the big market moves. This SM Squeeze Indicator will tell you when the market will stop ranging and start trending. Something very important for a day trader! Trix Ichimoku System for scalping and the Fractal Swing Strategy have also been explained in detail in the Book on Forex Trading.

Forex Infobot is perfect for intraday traders. Average profit during the testing phase was around 59 pips. On download, you will also get a user guide which will explain in detail step by step instructions for the entire installation process. There is a 30 days money back guarantee. So you can test this Infobot on your demo account thoroughly for a few weeks.

The lot size will increase if the fuzzy indicators agree on the direction of the market and it will decrease if the fuzzy indicators disagree on the market direction. Andrea Salvatore is an expert programmer. He tested different pools of these fuzzy indicators to refine the basic strategy. You can read about the PercivalFX EA trading strategy, Andrea has explained it in detail on his blog about automated trading. He has also posted detailed Strategy Tester Reports of this EA on his site that you can take a detailed look. Below is another fuzzy indicator in action!

The equity curves of PercivalFX EA trading different currency pairs seems to be smooth. If you get interested in this EA after reading the details of this fuzzy indicator strategy, you can download it and test it on the demo account. Testing the EA on the demo account will give you a fair idea of how solid this fuzzy indicator strategy is. If you get a good performance during the forward test, you can think about trading live with this PercivalFX EA.

As you can see it gave a series of signals that could have made you +115 pips, +15 pips, +55 pips and +10 pips. According to Karl Dittmann, his Super Fast Indicator does not repaint and works on any timeframe and can trade any currency pair. It can easily make something like 150 pips daily. Karl Dittmann is giving you 30 days to test drive his Super Fast Indicator on the demo account and check for yourself how it works. If you find the performance of this Super Fast Indicator poor, you should get a refund from Karl Dittmann immediately.

James Dude calls his Price Action System an unstoppable pip pulling machine. In this Price Action System Forex Price Action Video Course you will learn how to grab quick pips whenever you want. How to improve your winrate plus the only entry technique that you will ever need and you will also get a complete exit strategy for every entry. You will also learn how to trade the big trends. James Dude will also teach you advanced never seen before tactics that will slingshot your profits. And you will only need 10 minutes to trade daily with his Price Action System.When you download this Price Action System, you also get the following bonuses from James Dude:

1. Sucker Strategy that predicts the market turning points with uncanny accuracy.

2. Trade Template Cheatsheets that will help you double and even triple your winrate.

3. Trade Tracker Cheatsheet that will help you track your trades.

Do you get any sense in which direction the market is moving when look at the above chart. Now take a look at the following screenshot of the same price action using Forex Renko Charts!

When you look at the Forex Renko Chart of the same price action, you get a much clear much picture of where the price action is moving and when it is going up and when it is reversing and going down. Now below is another screenshot that shows the lagging nature of most forex indicators!

As you can see in the above screenshot when the indicator gives the buy/sell signal most of the move has already taken place. This Forex Renko Charts FX Trading System will give you a specific setup on the Forex Renko Chart on any timeframe that will tell you when to buy/sell. When you download this system, you will get a manual plus a FREE Forex Renko Charts package that you can install in just 10 minutes on your MT4 platform. Jerry is also going to show you which size of renko bars to use and which timeframe to use when scalping, swing trading and position trading.