SELL GBPCHF based on Fibonacci and Super Signal

Here is another example how this Fibonacci and Super Signal trading strategy works. I want to show you how I open SELL GBPCHF on 8 April 2014 using this technique. I use H1 time frame since this timeframe is not too long to wait and its a reliable one to get minimum 10 pips per trade.

See the chart above, I draw my fibonacci retracement tool from the green arrow to the yellow arrow (circle marked). The idea is when the price move down and break level 61.8 it will continue to level 100 or even more. As you see, I got 30 pips on that trade. It takes few hours before the target was hit.

Fibonacci and Super Signal trading strategy

I want to introduce a simple and profitable trading strategy which utilize Fibonacci and Super Signal indicator. This Fibonacci and Super Signal Trading Strategy already give me nice result for the last few trading days

The idea of this trading system is to follow the current trend. If the trend is up, we wait for a pullback before we open a BUY position. Here is the example of this Fibonacci and Super Signal trading strategy

 

Trade result SELL EURJPY 4 April 2014

In few hours, my 10 pips target SELL EURJPY on 4 April 2014 hit the target. I got 10 pips. This trade was taken based on MACD and Stochastic indicator. Please read my previous post about this trade strategy.

Here is the previous post trading signal generated by MACD and Stochastic

In few hours, this is the chart of EURJPY

Testing to get 10 pips EURJPY 4 April 2014

Today is 4 April 2014 and I was opening SELL trade on EURJPY just trying to get 10 pips (13 pips including spread). This trade was taken based on the difference of MACD and Stochastic oscillator. MACD trend is down but the Stochastic is crossing above the MACD. So I hope it will continue to move down and 10 pips should be reached.

As you see the current H1 chart MACD show a down trend (MACD lines are below the zero level). But the Stochastic is travelling above the MACD zero line. Most of time, this condition indicate that the price will continue to move further down. But let see in few hours.

Cheers