*FIBAUS TREND TRADER with Alerts

22 Jun 2019Introducing the *FIBAUS TREND TRADER with Alerts

A Green wave signals a Long/Buy.
A Red wave signals a Short/Sell.

It works well with both Candlesticks and Heiken Ashi.

If you know how read candlesticks, it will help to verify the price direction.

I prefer Heikin Ashi as its a little smoother. You can also change Heiken Ashi average price to actual price in Tradingview (for more accurate price action).

All you need to do is set the alert and wait.

Always practice good risk management. The script is designed to maximize wins and minimize losses.

You can also use it with other indicator to make better trading decisions.

When buying or selling, I never buy at market price. Orders are to be placed inside blue are or whatever other technique you choose to use.

YELLOW CANDLES: These candles are important signals. They are telling you that the current price area is a possible reversal or bounce back for the current trend. Pay attention to these candles as they normally tell you what to do next.

TIMEFRAME: Trading anything are too short a timeframe is very risky as a true trend is difficult to establish.

FOREX: I use 4H, 8H, candles.
Pairs EURUSD, AUDUSD, NZDUSD,GBPUSD, GBPJPY, USDCHF.

CRYPTO: I mostly margin trade. My candles are 4H, 8H, and 1D.

For Alts use what you are most comfortable with but also add a 200 SMA/EMA (for the timeframe you are using).

CRYPTO,in recent times, is trading like Wall Street using the 200 sma/ema. Follow the big money tactics and you will be ok.

RISK MANAGEMENT- Only risk what you dont mind losing.

OTHER INDICATORS: I use it with another one of my indicators and pivot lines, The pivots give me clear support and resistance levels, which are my buying and selling targets.

Recommended Indicators:
a.Pivots ( use previous targets for more accuracy)

b. 200 SMA or EMA- This shows the strong trend movement.

Happy Trading,
FIBAUS