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Arrash’s Fibo Scam

By

Arrash

This technique is called ‘Fibo Scam’ because it use Fibonacci


Retracement and candle Bullish Engulfing (BUE) or Bearish
Engulfing (BE). Suitable to use in Timeframe M30, H1 and H4.

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signals
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Bullish Engulfing

• Above show how candle Bullish engulfing look a like


• See the shadow and candle situation !! If shadow candle is
not more than shadow candle, this setup won’t work.
• The color of the candle is up to up to you guys.
• When the candle has turned like this, we can mark this
candle as an our entry area.
Bearish Engulfing

• Above show how candle Bearish engulfing look a like


• See the shadow and candle situation !! If shadow candle is
not more than shadow candle, this setup won’t work.
• The color of the candle is up to up to you guys.
• When the candle has turned like this, we can mark this
candle as an our entry area.
Setting FIBO :
Ways to use FIBO SCAM for BUE SETUP
1. Identify the market movement which is uptrend.
2. Find BUE in chart. Like picture below
3. Mark FIBO SCAM on candle BUE only from high to low.
From shadow highest to the lowest
4. Mark the Fibo points on the chart using horizontal lines.
5. After marking the fibo points. Ways to use fibo with entry
fibo at the point ‘Soft Entry, Soft Entry and Hard Entry’.
Stoploss or cutloss at point SL. Each point has been named
during the fibo setting.

6. Take Profit is at point ‘Salary 1, Salary 2 or Salary 3’.


When the price is already exceeding point ‘Salary 3’ put
breakeven on private Salary 1 to hold to next point.

7. The Fibo Scam result for setup BUE.


Ways to use FIBO SCAM for BE SETUP
1. Identify the market movement which is downtrend.
2. Find BE in chart. Like picture below
3. Mark FIBO SCAM on candle BE only from low to high.
From shadow lowest to the highest.
4. Mark the Fibo points on the chart using horizontal lines.
5. After marking the fibo points. Ways to use fibo with entry
fibo at the point ‘Soft Entry, Soft Entry and Hard Entry’.
Stoploss or cutloss at point SL. Each point has been named
during the fibo setting.

6. Take Profit is at point ‘Salary 1, Salary 2 or Salary 3’.


When the price is already exceeding point ‘Salary 3’ put
breakeven on private Salary 1 to hold to next point.

7. The Fibo Scam result for setup BE.


This technique is easy to use but must follow the SOP first.
SOP incomplete causes this technique does not become.
Stoploss or cutloss from this fibo is thin only. The risk and
reward ratio in Technique is 1: 3. Stoploss or cutloss
according to the timeframe used. The larger the timeframe
used the greater the profit and stoploss. The recommended
timeframe is M30, H1 and H4.

This technique has been used 18 times and the result is 15


times Successful of those 18 Times.

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