DislikedDon't think I want to mess-up with your thread; I know this is yours and your technique is being discussed here... I just wanted to bring-up some feedback... hope doesn't bother you...
iiivbIgnored
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
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DislikedDon't think I want to mess-up with your thread; I know this is yours and your technique is being discussed here... I just wanted to bring-up some feedback... hope doesn't bother you...
iiivbIgnored
DislikedHello Bobokus,
Give us some time to absorb your method. Many who are familiar with fibs still have to adjust to your application. (Me).
I'm glad to see you here.Ignored
DislikedI would like to open a thread to discuss trading based on fibonacci, I know there are alot of traders out there including myself who trade with nothing but Fibs and I would like to share, along with gain some knowledge with other Fib traders. I have tried numerous methods but about a year or so ago I started looking more and more at fibs and began to see the repetitive nature and how price reacted to them. I have become pretty successful with Fibs now and think I can give something back, because I remember how hard it was to get started trading Forex with no experience.
Originally Fibs were very confusing so I simplified them to some degree and have had developed my own strategy with them. More or less a Fib breakout type strategy.
If there are any of you interested here is a sample of what my strategy looks like within the chart and we can discuss more if there are any traders interested. For the most part I only trade GBP/USD, but I have been known to take on a few others.
Ill post the actual strategy in the next coming post as well as open the thread to any questions.Ignored
DislikedThis is where we stand currently, im done for the day with good amount of pips and gonna sit the rest of the day out...time to go play.Ended with 142 pips today from 3 shorts and 1 long on the retracement...not bad huh!. If you look at the chart im posting you can see why ive closed the long now, we have retraced to the 50 fib...from the move down (Intraday fib now)may see more fib traders shorting again here but im done...Keepin what i got. If this continues down into tonight we may be moving our Range fib up to the current down move....
Later.....Bo'Ignored