A simple and elegant system graphic analysis for trading on any currency pairs and any timeframes. The FCP system is based on a graphic display of the psychology of market participants, expressed in the interaction of prices with TL, S/R, Fibonacci levels.
Advantages of FCP:
- Simplicity and, subject to proper money management, reliability.
- The ability to adapt to your strategy.
- May be in addition to your trading method.
- Versatility - any pairs, any timeframe.
- Clean charts.
FCP disadvantages:
- Requires some trading experience, not suitable for absolute beginners.
- MT4 is not the best software for graphical constructions.
- You can not immediately take and use.
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A few words of introduction to clarify.
Everything that I will give here will be absolutely free. And I hope that from your side there will be no requests for private educations. I do not do it. I have enough of my trade and those small pips that I receive every day. As you know, I don’t need to prove anything to anyone. Ask everything you want to know here, let it be useful for other participants in the thread.
I will not give screenshots of my account or statistics of my trade to convince you (this is my business and my private territory). If you are competent, you will understand the essence and potential of the method without this. You will need only examples of charts and deals. You will find them in my profile. I will also post charts with examples of FCP here.
I also have the right not to disclose absolutely everything to you, I owe nothing to anyone other than thanking those people who helped me and from whom I studied at one time. Consider me returning my moral duty.
You may ask why I give you for free what brings me money... First, the money is brought not by the system itself, but by experience and knowledge. Secondly, it is not completely free. You will pay for it with your diligence, discipline and hours of training in front of your monitor. He, who is ready to make an effort, will receive the result. At its core, the FCP system is simple, but it is impossible to explain it right away (I think it’s even harmful), so be patient and you will succeed. I will explain FCP gradually and over time (or maybe very quickly) you will understand everything.
In this thread we discuss only FCP. I think you know how to behave so that everyone is comfortable and the thread is useful for its participants.
I hope this thread will become a place of communication for fans of this system.
-----------------------------------------------------------------------------------------------------
The FCP system is based on a graphic display of the psychology of market participants, expressed in the interaction of prices with TL and Fibonacci levels. At the heart of FCP is the idea that the price, breaking out of a diagonal/horizontal channel or triangle, travels a distance equal to the projection of the FIBO levels on the channel width. We will start with the FIBO projection from the diagonal channel, built from the trend line, since this is the basis. In the FCP, for TL we will use the Sperandeo method (Trader Vic).
On the example of uptrend.
Find the last Highest Low (or bottom preceding the last maximum peak). Draw a beam from this point to the left. The first bottom that touches line the will be the second point. You got our trend line. Build the channel so that one of the sides coincides with the TL. Usually we get point 3 by placing a max (min) swing on the midline of the channel, but the best place for the point 3 would be a straight continuous movement as far as possible from point 1 or point 2. Measure the vertical width of the channel and build a FIBO grid equal to this width. When the price leaves the channel, place the FIBO grid so that the line 1.000 passes through the breakdown point of the TL. Lines 0.382 and 0.000 will correspond to our TP. Look for an entry after closing the signal candle at 1.000. SL is usually a few points above the level of 1.000 or extension 1.272.
My daily trading consists more of scalping on m5 or m1. However, I do not recommend starting with a timeframe below 1 hour until you have mastered the system well enough.
example
Time frame 4 hour
Advantages of FCP:
- Simplicity and, subject to proper money management, reliability.
- The ability to adapt to your strategy.
- May be in addition to your trading method.
- Versatility - any pairs, any timeframe.
- Clean charts.
FCP disadvantages:
- Requires some trading experience, not suitable for absolute beginners.
- MT4 is not the best software for graphical constructions.
- You can not immediately take and use.
-----------------------------------------------------------------------------------------------------
A few words of introduction to clarify.
Everything that I will give here will be absolutely free. And I hope that from your side there will be no requests for private educations. I do not do it. I have enough of my trade and those small pips that I receive every day. As you know, I don’t need to prove anything to anyone. Ask everything you want to know here, let it be useful for other participants in the thread.
I will not give screenshots of my account or statistics of my trade to convince you (this is my business and my private territory). If you are competent, you will understand the essence and potential of the method without this. You will need only examples of charts and deals. You will find them in my profile. I will also post charts with examples of FCP here.
I also have the right not to disclose absolutely everything to you, I owe nothing to anyone other than thanking those people who helped me and from whom I studied at one time. Consider me returning my moral duty.
You may ask why I give you for free what brings me money... First, the money is brought not by the system itself, but by experience and knowledge. Secondly, it is not completely free. You will pay for it with your diligence, discipline and hours of training in front of your monitor. He, who is ready to make an effort, will receive the result. At its core, the FCP system is simple, but it is impossible to explain it right away (I think it’s even harmful), so be patient and you will succeed. I will explain FCP gradually and over time (or maybe very quickly) you will understand everything.
In this thread we discuss only FCP. I think you know how to behave so that everyone is comfortable and the thread is useful for its participants.
I hope this thread will become a place of communication for fans of this system.
-----------------------------------------------------------------------------------------------------
The FCP system is based on a graphic display of the psychology of market participants, expressed in the interaction of prices with TL and Fibonacci levels. At the heart of FCP is the idea that the price, breaking out of a diagonal/horizontal channel or triangle, travels a distance equal to the projection of the FIBO levels on the channel width. We will start with the FIBO projection from the diagonal channel, built from the trend line, since this is the basis. In the FCP, for TL we will use the Sperandeo method (Trader Vic).
On the example of uptrend.
Find the last Highest Low (or bottom preceding the last maximum peak). Draw a beam from this point to the left. The first bottom that touches line the will be the second point. You got our trend line. Build the channel so that one of the sides coincides with the TL. Usually we get point 3 by placing a max (min) swing on the midline of the channel, but the best place for the point 3 would be a straight continuous movement as far as possible from point 1 or point 2. Measure the vertical width of the channel and build a FIBO grid equal to this width. When the price leaves the channel, place the FIBO grid so that the line 1.000 passes through the breakdown point of the TL. Lines 0.382 and 0.000 will correspond to our TP. Look for an entry after closing the signal candle at 1.000. SL is usually a few points above the level of 1.000 or extension 1.272.
My daily trading consists more of scalping on m5 or m1. However, I do not recommend starting with a timeframe below 1 hour until you have mastered the system well enough.
example
Time frame 4 hour
