My Fibonacci trading system

Hi.Everybody.

First My English very bad..

Sorry.....

I want share my system

Becasuse from I trading until now.

I learn many knowlage in this forum..

I want thank you many people.

My teacher "brian" and "钟馗耍刀" and some one and my wife.

Them help me

I think My system near "prefect".


the system have some feature(sorry my english)

1.follow trend
2.have small stop loss
3.have big profit

you need
1.wait.found chance
2.money management(a trading 1%-2% risk)
3.get profit~!

OK.Let's go








you need some tools

1.mt4
2.kd
3.macd
4.i will update g7_usd(a pairs strong:weak indicator)

the indicator pataments set "6303590".Because thank you indicator writer.
Thank you him

Becasue my english very bad..
I will add some chart in the example.



set finish mt4 chart






G7-usd is a pairs stong weak indicator

I use this tool

traing very strong and very weak pairs


a line = a pair

red=jpy
white=usd
yellow=aud












blue=gbp

purple=chf

green=cad
pale=eur

the system can trading every pairs and gold.You can trading you like pairs.
like me.I like trading eur/usd or gbp/usd.

but if pairs entry box.like 1 mouth ago.
eur/usd entry the "1.4800-1.5000" box.
you can use g7 usd to find another pairs.

Because Strong pair/weak pair.Can create trend.
the system is a follow trend system
So you need look g7 usd to find chance




first example

yesterday.

2009.12.18

like you look 3.jpg

12.18 JAPAN OPEN MARKET

x/usd entry box.small

but jpy stong>1 and aud weak<1

so afternoon i choose trading aud/jpy


open aud/jpy load teamples


Oh i want say..I am look time frame 15mintures

chart



money is near you pocket.......



if you find pairs strong>1 and weak<1


1.print a vertical



2.print a fibonacci retracement



3.wait price retracement........

38.2% is first resident
61.8% is secent resident(61.8% have strong resident)

if 38.8% resident break

price next will go to 61.8%


Oh no..

Upload FileYou have uploaded the maximum of 7 files

forunm manager?

can you change my upload chart right?


Because upload file not>7 attachments.

next continue in 7th thread

1-2% risk is toooooo small.
no system needs this kind of risk control.unless you can make 2 or more trades everyday...

control risk~
only for live in the forex world forever.No more.

in the market
first not get profit
first is live.

Please let wjq explain his system before you start pulling it to pieces

thanks for sharing.

test your system for a couple of months, and keep yourself to that 1-2% risk rule.

good luck!

Risk is for the individual to decide upon. There is no such thing as too small or too great. There is only profitable traders and non profitable traders.

who can tell me how to upload>7 attachments??

who can help me.....



continue 1st thread



aud/jpy

38.2% fibonocci retracement breakout

i wait 61.8% fibonocci resident.





61.8% retracement sussces resident the price~!

look you kd

if kd>75. oversold you maybe use 1.5-2% risk
if kd<75 not oversold you maybe use 0.5-1% risk

like 500$ in the example.20 pips stop loss

500*1%=5$/20pips=0.025 lots


look you macd(change 1 hour frame)


macd <0 is strong.

entry:

61.8% or 38.2 resident the price sussces! I like trading 61.8% resident

because profit big.

a bar highest<priview bar.



20 pips stop loss

another question

where is the target???


good question




you need another fibonocci tools

fibonocci expansion

print swing highest to swing low

print another swing highest

you will know price next target



1st target is swing low fe 61.8%
2nd target is swing low breakout 100%

look chart.
so beautiful

prefect~!




in this example

stop loss 20pips

profit 83pips

risk:reward=1:4


if you is a safe trader

first target get.

you can close 40% lots

live 60% to get 2nd target


if down trend strong.you look

wait your all lots to get 2nd target!!

2nd example

continue last example

still trade aud/jpy


last trade i get 80pips

wait .....

price go to first swing fibonacci 100%

this is a signal

trend may be change


.....

Ok

wait the price retracement


like 1st exapme

1.print a vertical



2.print a fibonacci retracement



3.wait price retracement........

38.2% is first support

38.2% sussce suppot the price~!

you look your chart or this chart

you can look~!!

fibonacct retracement very import~!



look the kd

oversold....very prefect

macd in this example i am not use(macd i only reference trading but this system fibonacci is import)

becasue this stop loss still very small




entry

1.38.2% support the price sussces
2.a bar lowest<priview bar.
3.kd oversold

stop loss
38.2% lowest -5pips

15pips



where is target???

look chart



Fibonacci expansion

tell me 1st target...
2nd traget
3rd target..


FE61.8% is my first target

FE100% is my second target




so beatuful....

so prefect....

wahaha.......

fe 100% target i think it's only a time problem..

in this example

risk 10pips

reward 123pips

if succes

risk:reward

1:12

3 example

yesterday eur/usd

eur/usd a short trend down 85pips

retracement 40pips

50% resident price....stop loss put 50% +5pips

kd overbought

risk:reward 1:8

4 example

my teacher use fibonocci retreacement and expansion

frame in gold

4 hour

not say more...

look chart..

you can know gold maybe next target..........

1:20.......2 weeks...


if 2nd target fe 100%

risk:reward 1:40





















OK
My system shareing finish

if you want any example

everyday i can find to you

hope everyone everyday get 100pips~!

goodbye.



i belive a good system

need not very more indicator

macd kd fibo enough

simple is best......

where can download your fib Indicator,thanks!

......
Mt4 self have......




print a swing high to low.

you will know the tool how to use

tips:

if your g7-usd

only show a line

you will set paraments



if you you don't show 7 lines

you will show all pairs

wjqblog, Great presentation! Simple high reward low risk system!

I like it!!!!! Thanks for sharing, I will try it!!!

Hi! Finnaly nice system here. Tell me one thing please, why do you draw(print) vertical line? Is that because you want to mark where the pair is above and bellow 1 on g7 indicator or that is help to yourself to put fibonacci?
Thanks!

Thank you your repost

If you get more pips.....
en....i will add some new update.

it can get more pips

like 1st example
aud/jpy

a long trend....you will get 123pips

but if you add lots...

you will get near 160pips

about add lots........i will look the thread post.

hope everybody can get some infomation to help us get pips.

Hi.
Yes only mark.
Because when i found chance

i will chance time frame to 1h.look macd..

mark i will know trend start in h1 frame where.

put fibonacci

find a trend swing highest and swing lowest

Hi Wjq,

We met in fx998 before, you shared a great idea here and I found it works on my system too! Thank you very much.


Look at these pictures you will find the way we trade is very similar!

I want to point out that why FE doesnt work sometimes and I use 折线图 with fibo together to find the precise entry of the day. I hope we can tranfer more idea later. My QQ 394242964.

yes fibonacce use any time frame.m1 i don't test.....i don't know..but in 4h day..the conrect near 90%.but m15 support more entry chance.h1 for me...so long time.....
in this example

if me

if i trading 1h frame



i have 2 trade
first maybe stoploss(if you get profit.change stop loss to open price)
second maybe get fe 61.8%

i want say

this is only draw.......not 100% conrect.
second trade near 61.8% traget.

i don't know why i have 2 trade chance.

normal...
i only have 1 chance.

maybe news.maybe another..i don't know.
and because you time frame h1(3day have 2 chance)
if you change m15.you will get more chance.

look gbp history.

for me
eur like a sheep.
gbp like a lion.


i like eur more.





about market reverse.
i suggest use stoploss.

lock order.....
if you can unlock order.OK.

Hi wjq
thanx for what looks like an interesting system, I am sure that I will have some question soon.
In the mean time, just so that I don't misunderstand things can you confirm or correct the following please
1. Find pair of currencies one strong (+1 or better) one weak (-1 or better )

2. Mark a vertical line at that point

3. Draw Fib retracement from swing High/Low to that point

4. Wait for the retracement to 38.2 or 61.8

5. check Stoch for over bought / sold

6. Entry with SL other side of fib line

7. Target, Draw Fib expansion 1st target 61.8, 2nd target 100

8. 100% retracement can signal reversal so apply steps 2 -7

I hope I am understanding this correctly please let me know If I am missing something
Thank you
best regards
Dave