I am recently using a simple but super profitable system. I use different indicators for different purposes. I use Zup 71 indicator for automatic Fibonacci Calculations. Sometimes, I use All Stochastic to set at 6, 3, and 3 with 4hr, 30mins and 15mins. It helps me to identify when to open buy and sell grid trades with 10 pips get profit and when to go only one way and target bigger get profits.
For Auto supply and demand bounce levels, I like II SupDem tat must be set at forced time frame of 60mins. At what time the 4hrs stochastic or all the stochastic on all 3 timeframes i.e. 15mins 30mins and 4hrs, all the points towards a sell have now dropped from 100 to 90 to 80 to 70. Multi time frame fractal indicators are effective to help with drawing 4 hour trend lines.
At what time price is minimum 127% to 161.8% (or above) fib extension of the current up move and stochastic is at overbought and beginning to turn/point downwards on the 4hrs timeframe.
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