Here is my template for GBP with the fibs on it already as well.The range fib and the swing fib are on the chart but not placed since we have no move to put them on as of yet
Attached File(s)
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
fibonacci trading log 2 replies
Need help Bobokus Fibo template 1 reply
Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
DislikedBob,
How are you doing? Your thread is very informative about fibs. I was wondering were you got your fib drawing tools. Do you have them available on FF or can you direct me to where I can down load the tools for MT4.
ThanksIgnored
DislikedI'm up to back testing from Nov 1 thru Nov 9 with swing breaks and I count 174 pips earned after spread. This includes accounting for potential slippage losses noted on spikes that trigger an order and sail toward targets. I assume worst case and deduct the spike. Sometimes this results in something like +3 pips out of a possible +27 move in my notes. And of course lots of subjectivity on how to update swing levels as time progresses in the day.
In those 9 days the swing pivot has been highly respected. After an order is triggered, the closest I've seen price come to getting stopped out is 8 pips of security, 10, and then the rest of the trades all stay around 20 pips away from a stop level.
There are 14 trades documented so far.
I think next I'll switch over to a week full of whipsaws maybe in October and see how it looks. I expect the rest of november's backtrading to be as successful as the first 9 days.Ignored