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- fx4live replied Nov 14, 2007
Wow!! Well done jr2007...Maybe we can tweak the system a bit by following the trend like you did....Bravo bro... image image
- fx4live replied Oct 17, 2007
I have experienced that during news time turn out better, most of the TP get filled but i suppose better not to trade during news time.
- fx4live replied Oct 17, 2007
Chris, Your chart is correct. Irrespective Low come before High or High come before Low. The upper band must be broader than the lower band, get what i mean ? Hope don't confuse again.. image
- fx4live replied Oct 17, 2007
bhale, ha ha..."wait till cows come home", i like it image Thanks for sharing bro. One suggestion from me :- One may adopt putting a SL to breakeven on those trades set on fib level the moment it turn +ve.....re-place the orders if stopped out ...
- fx4live replied Oct 16, 2007
There is no right or wrong here, nyxxo. We are open for discussion. All orders that placed in this system are buy limit orders/pending orders (1 direction, interest positive trading only). Up to you how you trailing stop on Lo fib when it turn ...
- fx4live replied Oct 16, 2007
nomoretoxic & Mike, take a look of my result, that is when i started... Mike, SL up to each individual jurisdiction....i don't use it at the moment but will protect the bulk of my existing profit..set someway down in case of real big unwind. Just ...
- fx4live replied Oct 16, 2007
Chris, Beautifully drawn !!..i like your chart, it is far better described than my own version. Well done mate...!! image image
- fx4live replied Oct 16, 2007
Hi Maliac ..please refer to my previous post :- url
- fx4live replied Oct 14, 2007
You are right, there is difference plotting fib from BTTM to TOP and from TOP to BTTM. coz, this determine the retracement levels. In my case here, i only plot 1 directive irrespective whether the candles start from LO to HIGH or HIGH to LO, your ...
- fx4live replied Oct 14, 2007
Yes, right from the Monday's session Lo/Hi. Looks strange here...my Oanda's fib has a inverted of your fib chart. In that case your second chart is the correct one to plot......hope this help image
- fx4live replied Oct 14, 2007
More picture :-
- fx4live replied Oct 13, 2007
1. anytime except SAT & SUN...so long as 15 pips above current price.. 2. you are right not every day is "SUNDAY"...take a closer look at smaller timeframe like 5min, 15min or 30 min, you will see how price bounces and how this make possible for ...
- fx4live replied Oct 11, 2007
aelimian, to answer your questions :- 1) on every Tuesday 2) Yes, if price went up above the Fib level, i re-draw the Fib. and re-position the pending orders. 3) Yes, i have, even if i close out all of them, i'm still in profit but i decide to stay ...
- fx4live replied Oct 10, 2007
Chris, that's right..i use 1Hr USDCHF chart. I first plot the Fibo. Ret. levels on the swing low and swing high point (not sure North Finance will give you an inverted fib??) but anyway The retracement levels will be formed as seen in the pic. Place ...
- fx4live replied Oct 10, 2007
Still collecting pips on a daily basis image image 20/9/07 +150 pips 21/9/07 +50 pips 24/9/07 +75 pips 25/9/07 +35 pips 26/9/07 +60 pips 27/9/07 +80 pips 28/9/07 +5 pips 1/10/07 +140 pips 2/10/07 +150 pips 3/10/07 +130 pips 4/10/07 +70 pips ...
- fx4live replied Oct 10, 2007
Hi All, As promised. Please find here... url No rude comments please...
- fx4live replied Oct 10, 2007
Thanks Chris.... Will try starting a new thread.....in fact i have summarised everything in 1 simple picture....hope it explain all.
- fx4live replied Oct 10, 2007
Hi All, I'm not sure whether this is the best method to use, i thought i would like to test further and see the result after a month or so. Since many of you are eager to know the method now than waiting, i'm now sharing it out but bear in mind that ...
- fx4live replied Oct 5, 2007
27/9/07 - 80 pips 28/9/07 - 5 pips 1/10/07 - 140 pips 2/10/07 - 155 pips 3/10/07 - 130 pips 4/10/07 - 170 pips
- fx4live replied Oct 4, 2007
3/10/07 - 130 pips 4/10/07 - 70 pips (running) image