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Here an indicator you can use to enter trades. Been profitable with it. Just wait for signals. Thats all. You'll find the template attached too for the settings.
I use it on the 30m and 1hr Chart. Good Luck and milk the markets!!!
Here's a manual way to set your Take Profit AND and Support & Resistance levels using the Fibonacci tool. You need to add these levels first (11.4)..(88.6) to your Fibo tool.
Go to you 4h chart, draw your Fibonacci, from your highest high to your lowest low and vice versa...
If you not sure...
GUYS!!!! Wait...Always thought of playing around with this but never got around to it. Maybe because of my trading style. Anyway. Here's another set of Critical Levels that work Great for swing traders of Day traders who can hold onto a trade:)...Use the same indicator with this set. Practically...