The Bladerunner is a forex price action trading strategy that uses pure Price Action to find entries. We use candlesticks, pivot points, round numbers and good old support and resistance levels when trading this strategy.No off-chart indicators (those appearing below the chart window in their own window, e.g. RSI, stochastics, MACD etc) are necessary, but you may include your favorite if you find it useful or feel more comfortable having some extra confirmation. Some people might wish to incorporate Fibonacci levels and that’s fine, too.The only indicator I do use with this strategy is an on-chart indicator, the 20 EMA. An alternative is to use the midline of the standard 20 Bollinger bands. Either works well, in fact you can use both to trade it as a Bollinger band EMA strategy. The examples here will be using the 20 EMA. This setup can be traded on any pair. It can also be traded on any time frame, but the examples below are from 5 min charts.It can be traded at almost any time of the day, but obviously some times are more reliable than others. For example, the early part of the Asian session may provide a decent break out and retest giving an entry, whereas the Asian afternoon session can be very slow. Then, when London opens the price may be too erratic and volatile to give any reasonable entries for any strategy.Later again, after the initial flurry of news announcements has passed and price has settled, you may once more get a reliable entry or two. You will therefore have to adjust this strategy to the times when you are able to trade it.The strategy is named Bladerunner because the 20 EMA acts like a knife edge dividing price. If price is above the EMA, and respecting it, and retests the EMA, it will likely reject to the long side. And if price is below the EMA, and respecting it, and retests the EMA, it will likely reject to the short side. A few examples below might help to clarify:

If price is below the 20 EMA, our bias is short and we would be looking for price to move up and hit the 20 EMA, reject and then move down.However, if price pierces the 20 EMA and closes convincingly above it, we deem price to have switched polarity and now our bias changes to long. (This can be seen occurring at the right of the above picture). From now on we would be looking for price to move down and hit the 20 EMA, reject and then move up.An example of one definite and one possible losing trade:

Essential entry parameters for this setup are:

- Price must break out of consolidation or a range prior to entry, i.e. it must be trending
- Price must then retest the 20 EMA successfully

The concept of Overlapping Fibonacci in forex trading strategies is one that most traders come to after having used Fibonacci for some time. Typically, they will be using Fibonacci retracements or extensions looking for a confluence of a Fibonacci level with other signals such as support and resistance, pivots etc. The idea of overlapping Fibonacci is likely to be an exciting discovery. Why?

Because very often that is all you need in order to trade: two strong Fibonacci levels at an area of known support and resistance for example, will very likely yield some kind of usable reaction. Many traders find the simplicity of this strategy appealing, and use nothing else in their trading.As usual, giving chart examples will probably be the best way to illustrate the concept.

Take any chart with a reasonable run up or down in price, combined with several moderate retracements along the way, and just start drawing Fibonacci on that chart:The above example shows two sets of Fibonacci drawn in a strong downtrend. The yellow Fibonacci lines are a result of drawing from the high at the top left of the chart and down to the swing low indicated by the first white circle. The blue Fibonacci lines are a result of drawing fibs from a lower swing high (that coincidentally formed a double top) to the same swing low as that of the yellow Fibonacci.

You can see two possible entries at the confluence of the yellow Fibonacci 38% retracement level, combined with the blue Fibonacci retracement level of 79%.The above chart shows a similar situation in an uptrend. Again, the white circle indicates an opportunity to enter on a bullish engulfing candle pattern at the confluence of the 79% and 38% retracement levels.

Note that the confluence can consist of any of the Fibonacci retracement levels, from 38% to 50% to 62% to 79%.There is also the opportunity to take trades based on confluences that occur at Fibonacci extension levels, and the process for arriving at those confluence identifications is the same: on any chart draw Fibonacci lines (with extension levels enabled) and look for levels that overlap.

The Daily Fibonacci Pivot Strategy uses standard Fibonacci retracements in confluence with the daily pivot levels in order to get trade entries. My preferred parameters are the 38% or 50% Fibonacci levels in confluence with the daily central pivot. The examples following show entries at the 38%, 50% and 62% Fibonacci retracement levels in confluence with the daily central pivot.As with all free forex strategies, there are many possible interpretations and variations. My particular take on this strategy is as follows:

- Look for an entry on any currency pair where the average true range for the last five day period has been exceeded in the previous day’s trading session
- At the start of the current trading session draw fibs:
- From the previous days low to high, if price is currently above the current day’s central pivot
- From the previous day’s high to low, if price is currently below the current day’s central pivot

- Look for a confluence of Fibonacci retracement levels with the daily central pivot
- If price retraces to the confluence identified, either enter at market or wait for a confirmatory candle signal to occur at the confluence before entry.

Obviously, it is more risky to enter before getting the confirmatory signal, but such an approach gives a greater possible reward to risk ratio.

Let’s have a look at a few charts to see how this works.

The first chart shows a long entry at the confluence of the 38% Fibonacci retracement and the daily central pivot:

It was possible to enter either way here, either by buying at the first touch of that level, or waiting for the morning star candle formation to form. Both entries would have given a possible target at the 127% Fibonacci extension level, which was easily reached.The suggested stop loss for these trades is behind the Fibonacci level one level away from where you take the trade. In this case it would amount to the 50% retracement level, with a few pips extra thrown in for buffering.

The next trade shows the reverse setup of the previous trade, with a sell occurring at the confluence of the 38% retracement and the daily central pivot:This was a nice set up given the big drop that occurred in the previous trading session. That drop signified a change in sentiment which would have added weight to the decision to sell.

Another example, again, a sell after a long run down the day before:This time the sell occurs at the 50% retracement level, although it is not in perfect confluence with the daily central pivot. Still, a nice evening star pattern occurred with both the daily central pivot and the 50% retracement level being respected prior to entry,

The last example shows a confluence of the central pivot with the 62% retracement level, plus old lows at the left of the chart:This is an example of the fact that any pivot level can be used in confluence with the daily central pivot. In this case price retraced to once more retest the entry-level on the next day, but you should have had profit taken out of the trade by then, if not having exited at full profit.

As always with any new strategy, and in particular free forex strategies, remember to fully back test and live test in a demo account before going live with this particular play, if you decide it is a good fit for you.