Hello Hayseed, We define the pips move from the current price. To understand the concept please have a look at the indicator Orest is created. This will be based on the same concept but in the form of a pips heat-map. I've already emailed Orest ...

Simple indicator idea

15 min setup on gbpusd — 76.4 fib confluence with 0.5 RN and 17 pips below the other 76.4 fib confluence with the daily pivot. image

Simple fibs confluence setups

another small tf set up — Flip zone R match S2 became R and 23.6 fib. I think it's a risky trade since no more confluence behind but worth a try. image

Simple fibs confluence setups

15 min tf setup — 61.8 fib confluence with 000 RN. Below 2fibs confluence. Lower 38.2 fib close confluence with 0.75 RN. I placed the daily pivots on and the fibs confluence come on the same line with R1. image image

Simple fibs confluence setups

Also notice for the cadjpy there is fibs confluence and just lower than that there is a 50 fib confluence with a round number which could have given traders the confidence to enter trades just before the fibs confluence: image

Simple fibs confluence setups

The round numbers are considered psychological levels for traders. At the moment i just use them as orientation points. I like to have at least a 200 pips trend before placing the both fibs on and looking for confluence. In the same time i watch ...

Simple fibs confluence setups

Do you mean the dotted green lines? If so they are round numbers. Constin

Simple fibs confluence setups

I place yellow lines where the fibs confluence is. Constin

Simple fibs confluence setups

Hey Lcfxtrader, thanks for the links but the links don't work. Constin

Simple fibs confluence setups

update — Usdcad it's done well by hitting the tp target. The cadjpy and the nzdjpy missed the entries by a few pips and then hit the target (just a matter of bad luck). The gbpchf didn't hit the sl yet and is struggling to hit the tp. the ...

Simple fibs confluence setups

Thanks my friend, Well, adding more resistance or pivots to the confluence it's good but it's not guarantee that with all this the price is not going to hit the sl. we both have similar fibs confluence setups , you are adding more confluence to your ...

Simple fibs confluence setups

This one looks like the art of perfection if the price ever comes up. Two fibs at a round number: image

Simple fibs confluence setups

It's not perfect confluence but it looks like is heading there: image

Simple fibs confluence setups

Trade example — It's not a perfect setup but looks all right: image

Simple fibs confluence setups

I've tested this setup with 25 sl and 100 tp for a few weeks and these are the results: chfjpy -25 gbpjpy -25 gbpaud -25 usdchf +100 gbpaud -25 gbpcad +100 eurusd +100 audcad -25 eurusd -25 eurusd -25 eurusd -25 audusd +100 audnzd +100 gbpchf -25 ...

Simple fibs confluence setups

For a long confluence at the yellow line of 76.4 with 61.8 fib levels: image

Simple fibs confluence setups

This is similar with my setup: image

EURUSD

Flip zone with confluence image

EURUSD