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- galaxymom replied Sep 3, 2008
The concept of trading the Intraday levels is that we are trading the Daily chart on the H1 timeframe, therefore we use the High and Low of the previous day's price action to set our fib. You may also add the Support and Resistance Fibs to monitor ...
Fibonacci Trading with Bobokus
- galaxymom replied Sep 3, 2008
Ask away, BJ, that's how we all start. 1. On Sundays, the best thing to do is to have a demo account with a broker that gives the full day of trading feed, ex: FXSol or Saxo Bank. Then you can add a mark on your chart for any high or low that ...
Fibonacci Trading with Bobokus
- galaxymom replied Sep 2, 2008
Hi bjpumping, I'm not Bo, but I can help. 1. Yes you can fib any time frame. 2. In general you place the 0% and 100% on the low of the previous day and the High of the previous day, respectively (see example). 3. You can use Fibs with any pair, and ...
Fibonacci Trading with Bobokus
- galaxymom replied Aug 20, 2008
Do yourself a favor and start from page one. There will come a point where you can skip ahead, and maybe Bo can guide you to the newest template, etc. Or just click on the paper clip and look for the newest attachments. Best of luck.
Fibonacci Trading with Bobokus
- galaxymom replied Aug 7, 2008
It was the same for me, but I came back in January and mastered it with Bo's excellent help, it's the best stuff on the planet! Enjoy!
Fibonacci Trading with Bobokus
- galaxymom replied Aug 7, 2008
Hi, Jono, - great to hear from you. Glad to hear all is well.
Fibonacci Trading with Bobokus
- galaxymom replied Aug 5, 2008
Mitch you can try this one. If I remember correctly, you set it within say 5 pips of when you want to alerted. You'll have to play around with it. Hope this helps.
Fibonacci Trading with Bobokus
- galaxymom replied Jul 30, 2008
Out of the six pair I am trading, none seems to have direction, but this is not uncommon with NFP coming up Friday morning, but usually its Thursday that waffels.
Fibonacci Trading with Bobokus
- galaxymom replied Jul 29, 2008
Bo is no longer using the envelope. It is not necessary for trading well, but it is a guide to whether you should sell of buy depending on where price is in relation to the envelope. You may implement a Swing fib for a retracement of the Intraday ...
Fibonacci Trading with Bobokus
- galaxymom replied Jul 29, 2008
In my opinion, a short after a close below the Pivot, short from a double top formation, was a safe call, but remember a doji can be a reversal candle.
Fibonacci Trading with Bobokus
- galaxymom replied Jul 29, 2008
Not sure, but there was this release that: Merrill Lynch has just recently announced that they will offer common shares of their stock worth 8.5 billion. This could weigh heavily on the US equity market on tomorrow's open, and in turn on USD. and ...
Fibonacci Trading with Bobokus
- galaxymom replied Jul 29, 2008
I've recently worked my way out of it. It's pulled back and forth by it's cross pairs too much.
Fibonacci Trading with Bobokus
- galaxymom replied Jul 26, 2008
The very best and most important way to understand what Bo is teaching here is to go back to page 1, post 1 and work thru, don't skip to page 120 or any where else. There are very clear demonstrations by Bo as to set up, how to trade, etc., and if ...
Fibonacci Trading with Bobokus
- galaxymom replied Jul 24, 2008
Good for you, stay with the demo until you are comfortable with your decisions and then move to live and carry on just as if it were demo and you will do fine.
Fibonacci Trading with Bobokus
- galaxymom replied Apr 7, 2008
Bo is using the Trend Fib, Retracement Fib and if needed a Leg Fib on the Daily Chart ( See Pic). and on the H1 Chart the Intraday and the Swing Fibs (see pic) You can use the channel if you need it. He has revised the set he posted on the first ...
Fibonacci Trading with Bobokus
- galaxymom replied Mar 26, 2008
I'm not sure where, but there is an attachment with a summary that is excellent.
Indicator Free Trading - Skunny
- galaxymom replied Mar 22, 2008
The inner fib levels swerve as support and resistance. Most trade from a break of the High or Low. With a lot of practice and studying Price action you can learn to trade from other fib levels and with in them. Learn the basics first.
Fibonacci Trading with Bobokus