Forex Trading: Price Zones
Karolin Boroden is the adviser for trade on goods markets and the technical analyst specializing on the analysis of time and the price of Fibonacci. She specializes on “synchronization” or merges of ratios as the prices and time that provides high probability of successful accomplishment of intra-day transactions at rather low risk. Karolin Boroden has been involved in trade since 1978. She worked on the basic trading platforms, including the Chicago stock exchange, the Chicago board of trade, New York stock exchange and COMEX.
She also held seminars within four years on advanced methods of trade, using ratios of Fibonacci, both on time axis, and on a price axis of the market. Now Karolin Boroden manages advisory service on “day trade” from Scottsdale, the State of Arizona that includes regular renovations on the Internet in a mode of real time and live comments. Its service specializes on S&P, but includes many other markets of indexes and treasury obligations of the USA. She holds own seminars on trade within a year in various American cities.
The majority of traders heard about use of separate price ratios of Fibonacci (type of levels of restoration) to help to specify potential levels of support and resistance in the market. Many traders however are less familiar with concept of “groups” of these levels and other price ratios to specify trading installations for an input in the market with high probability and rather low risk.
For this trading strategy, trading installation on an input arises, when the trader sees coincidence, at least, three price ratios of Fibonacci which unite in frameworks concerning a narrow price range. This coincidence of price ratios will specify key price support or a zone of resistance for a potential trading input.
These projections of Fibonacci will be made of “key” maxima and minima of the fluctuations obvious on a certain schedule which we analyze. It is required a few abilities for a choice of key maxima and minima which will approach for creation of these groups. To find “group” of ratios, we use price recoveries, price expansions and projections of Fibonacci from all key maxima and fluctuation minima on a certain schedule.
To do these projections, we use the ratios specified nearby Fibonacci. As soon as we have specified one of these price “zones”, we use signals for an input in the market against a certain price zone of Fibonacci. Pay attention that many of these zones are broken every day. For this reason we use signals for an input in the market. It increases our chances of success.
If zone isn’t going to be kept for long time you won’t see a signal on an input against it. When we really see a signal against a zone and the transaction appears unsuccessful, our risk is extremely well certain by zone borders (Stop warrants can be placed above or below extrema of this zone.).
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