Introduction And How To Setup A Powerful Fibonacci Retracement Trading System Fibs 101...

A Birds Eye View Of The Fibs 101 Trading System

Hello traders and rehabilitated felons. I trust all is well for you and yours. I'd like to introduce you to yet another powerful trading system using the famous fibonacci retracement tool.

I've practiced this system in my demo account and have had great results. In fact it is the only system I have been able to be consistently profitable with and I have tried a fair amount of them sense I started this journey roughly two years ago. I did not create the system. It was introduced to me by a fellow blog member who posted it on the forum at Luckscout.com. You can find a forum thread under the professional and experienced traders section. I am not going to explain it here in great detail because I am still  new to the system and he was kind enough to mentor us for free through the forum. So I will direct you to the  information and the rest is up to you my friends.

A very general overview is you will be using the Fibonacci retracement tool found on the mt4 trading platform provided by Metaquotes. Basically once you understand how to set it up it's a simple abcd system.

• A being a swing high or low,

• B being the other swing high or low,

• C being the trigger or entry

• D being the target. 

You will be amazed at how accurate these line create money for you. Then again the fibonacci golden ratio is found in everything in the universe even your DNA! And it works on the forex chart and any other chart your trading.

You can sign up for your free luckscout account. Then head to the forums and look for the thread fibs 101. Oh and don't forget the little people when the money starts rolling in. Share this system freely as it was given freely! Enjoy and Happy Trading. Here is a sneak peek!

This is how you reset the fibs in the mt4 platform: First pull up the levels.

Fibs 101 Level

Delete the 2.168, 4.236, ect. leaving the presets as shown above.

Fibs 101 level replacement

Add the new fibs 101 levels.

Fibs 101 Proper Levels

Price Chart featuring the Fibs 101 trading system

The above example show how the system works. As you can see there from right to left we have the fibs set up for an up trend so the A point starts the bottom and chases the trend up to your B point. A weeks later we see a candle formation form at the 786 level or your C point/ Trigger.  A 786 signal gives you a 127% target which was filled. You can see that I reset the fibs to the new high and low in the opposite direction after the fulfillment. There was a weak candle stick formation around the sweet spot 61.8 level giving us a target of 162%. Exciting Indeed!

Here is a nice win with the fibs 101 system.

Here is the only pic we have seen of this mysterious Professional fibs trader who was kind enough to take the time to share a powerful trading system with the group on the forum. Thanks Mr. mysterious!

Mysterious Fibs Trader