A Comprehensive Review of the Order Block Fib Retracement Indicator and Trading Strategy

The video presents a trading strategy based on these indicators. The strategy involves waiting for the price to retrace to a key Fibonacci level identified by the Order Block Fib Retracement Indicator. Once the price reaches this level, traders should then look for a confirmation signal from the Super Trend indicator. For example, a color change from red to green could indicate a buy signal. By waiting for this confirmation, traders can increase the probability of a successful trade.

Here is a breakdown of the video:

• The video introduces a new indicator called the Order Block Fib Retracement Indicator. This indicator is said to identify hidden order flow and predict potential price movements.
• The speaker recommends using this indicator with the Super Trend indicator, which is a trend following indicator.
• The video claims that by combining these two indicators, traders can identify entry and exit points for both long and short positions.
• The speaker presents a trading strategy based on these indicators. The strategy involves waiting for the price to retrace to a key Fibonacci level (such as 0.618 or 38.2%) and then looking for a confirmation signal from the Super Trend indicator (e.g., a color change from red to green for a buy signal).
• The video shows the results of backtesting this strategy on the EUR/USD currency pair. The backtest reportedly yielded a 78% win rate and a gain of 89% on the account.

It is worth mentioning that the Order Block Fib Retracement Indicator is available in the TradingView indicator library. Traders can easily access and use this indicator to incorporate it into their trading strategy. Additionally, the video recommends using the Fast Bull website for its economic calendar and other trading tools. These resources can provide traders with valuable information to make informed trading decisions.

However, it is crucial to note that this video is for informational purposes only and should not be considered financial advice. Trading involves risks, and viewers should always conduct their own research and seek professional advice before making any investment decisions.

In conclusion, the Order Block Fib Retracement Indicator, when combined with the Super Trend indicator, offers traders a potentially powerful tool for identifying high probability trades. The trading strategy presented in the video provides a systematic approach to utilizing these indicators effectively. However, it is important to approach trading with caution and always remember that past performance is not indicative of future results. Traders should conduct their own research, exercise risk management, and never invest more than they can afford to lose.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Trading involves risks, and individuals should always conduct their own research and seek professional advice before making any investment decisions.