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  1. #1
    Moderator Kolyo's Avatar

    Hot Geek Gold Strategy for Binary Options Trading !!!

    Check out the Geek Gold Strategy for Binary Options Trading – a unique article about and interesting and new gold trading strategy based on Fibonacci retracements, explained in details with many exemplary pictures and trades

    Originaly presented by Michael Hodges

    How the Gold Strategy Works

    I use Fibonacci to do most of the work for this strategy. Fibonacci Retracements are a great way to predict possible areas of support and resistance based on the Fibonacci Sequence and the Golden Ratio. The Golden Ratio is a numerical way to explain the relationships between objects in nature known to man kind for thousands of years. Basically the Fibonacci Tool is used to predict lines, or retracement levels, based on the height and magnitude of bull and bear markets.

  2. #2
    Senior Member dorrian's Avatar
    Very good strategy with great expected results! It should be tested for sure. I will do it immediately after the Christmas holidays finish On CT Demo platform first and than on other platforms too.

  3. #3
    Active Member rongold's Avatar
    The strategy looks quite good. I like the utilization of the fibo retracement to buy gold, last few months these didn’t work well for me, but I am sure it will produce much greater results next year!

  4. #4
    Specialist Member RCox's Avatar
    I am also a big fan of Fibonacci retracements, because I believe they are a great way of playing a trend while still allowing for a way to get in at better prices. The majority of the market's momentum is still behind you (either positive or negative) but the market has given back some of the move (made its retracement), which creates the potential to buy lower and sell higher. I am suspicious, however, of any technical strategy that ties itself to any particular asset. That isnt the way technical analysis is supposed to work.

  5. #5
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by RCox View Post
    I am also a big fan of Fibonacci retracements, because I believe they are a great way of playing a trend while still allowing for a way to get in at better prices. The majority of the market's momentum is still behind you (either positive or negative) but the market has given back some of the move (made its retracement), which creates the potential to buy lower and sell higher. I am suspicious, however, of any technical strategy that ties itself to any particular asset. That isnt the way technical analysis is supposed to work.
    you are right about that, this could just be called " a strategy that uses fibs" . I like to use them on Gold because the market is so big and they have been really accurate for predicting supports and resistances.

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