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ibonacci Application
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their profits and leave, new buyers will come in at specific levels using the Fibonacci
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of ICT Institutional Order Flow.
DOS ge ts
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2. Double click the fib and thereafter right click it.
eR OR RCo ae BR OR ULL ie Rl R Be eee
Levels Creer
0 reece)
et) Eee
ORSuT} %$ - 62% Percent
i am)
0.705 %$ - OTE - 70.5
0.79 %$ - 79 Percent
-0.62 Target 2
Oa Target 1
-1 Symmetrical Priceale) ACM) -le oR im ilOn
1. In ICT when we use the fib we place it from lowest body of the candle to the
highest body of the candle if we in a Bullish momentum (aiming to go Long)
The reason we are using bodies of the candle not highs and lows its because
the highs and lows differs as we use different brokers and they manipulate
price differently. Check your platforms you will see how highs and lows differ.
The bodies of the candles give us the exact sweet Spot or rathe OTE
(OPTIMAL TRADE ENTRY).
Pee ere aoe 1
should remember is what | said at the beginning of the Fib that when buys
take their profits and leave, New buyers get it at a retracement that's where
you also get it. It is also vice versa when in a bearish momentum.
3. When sellers leave and take their profits new sells enter at the retracement
levels. So, when we in a bearish momentum you place your fib from the
highest body of a candle to the lowest body AS PER RETRACEMENT.
PRACTICE!! PRACTICE!!! PATIENCE!!! DESCIPLINE!!!
After the steps that | showed you on how to use the Fibonacci this is a practical
example with a live trade running using the fib entry and moving your stop loss to
break even to lock your profits.
FIB EXAMPLE ON EURUSDval wt
day! tl Mt i My
MaeLook at where the entry is exactly at OTE.
For fib your entry levels should be at 79% OTE, 62% and the 70% levels. That's
where your entry should be after placing your fib
The Target 1, 2 and symmetrical Price are your Take profit zones. As price continues
to go down.
BE lee Palme ele eR MR Ue mire CRS}
Target 2 — second profit taking
Symmetrical Price — the highest profit zone price could reach.SechvsADeRoB: aa
CMMs RYAN) byes
PARAMETERS
NETH H4 Fibo 32876
Ray Right
Chamois
Point 2020.03.23 20:00 107.550550
Point 2020:03.26 08:00 106.297748
VISUALIZATION
Symbol! USDJPY
y
tna nie Tea
E0783
Style:
3/28
er) 0.0, 0.236, 0.382, 0.5, 0CORGm em cle A-a oOo Tey
EM MAORI)
0.0 0.0
0.236 PRG
0.382 I-32
0.5 50.0
Keys] Rs]
1.0 100.0
1.618 161.8
2.618 261.8
4.236 423.6
Style: eb
yMa2m3
@afk @ghanim94 they r normal fib number nd work same as
normal fibs...learn how to use fibs sweetspot is 70.5...ote is 61...
and other ote is 79.. dited 10:53 AM
ScoopFX1
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10:55 AM
Ma2m3
There realy is nothing special.its jus names given to fibonnaci
levels...
ICT FIB
0.0: %$ : ZERO
0.5:%5: 50%
0.62 :: %S : OTE
0.705 :: %S :: SWEET SPOT
0.79: %S$ :: OTE
0 :: %S :: ONE HUNDRED
Mie toi EX nL
1.62 :: %$ : EXT 2
2.0 : %$ : TWO HUNDRED