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Attachments: Simple & Consistent Fibbing Method
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Simple & Consistent Fibbing Method

  • #181
  • Mar 9, 2010 9:19am Mar 9, 2010 9:19am
Is there a summary post for this method? ie what levels to use for fibs, entry points based on certain criteria etc. Some charts open the 3:15 candle and for others its the close of the candle. If my charts open the 3:15, do I use the 3:00? Just a sample.
this is a great looking method with clear definable ins and outs based on logic???(scarey term to use in forex)
Thanks to all for their input.
  • #182
  • Mar 9, 2010 9:21am Mar 9, 2010 9:21am
Quoting aswilled
I have to wait. Fell asleep during last swing. Woke up to money and price running...
That has a nice sound! Keep it up!
Hero Traders Live to see their Accounts Die!
  • #183
  • Mar 9, 2010 9:23am Mar 9, 2010 9:23am
Wow, nice goin' Simone! .
  • #184
  • Mar 9, 2010 9:23am Mar 9, 2010 9:23am
Quoting mavrix
Is there a summary post for this method? ie what levels to use for fibs, entry points based on certain criteria etc. Some charts open the 3:15 candle and for others its the close of the candle. If my charts open the 3:15, do I use the 3:00? Just a sample.
this is a great looking method with clear definable ins and outs based on logic???(scarey term to use in forex)
Thanks to all for their input.
Find bobkus threads on this site. It will teach you all you need to know. I learned this over the week end and started making money at the open and haven't stopped.
A. Finesse Williams Making Millions One Pip At A Time!
  • #185
  • Mar 9, 2010 9:24am Mar 9, 2010 9:24am
Quoting apxsolutions
Wow, nice goin' Simone! .
Thanks apx!
Hero Traders Live to see their Accounts Die!
  • #186
  • Mar 9, 2010 9:25am Mar 9, 2010 9:25am
Can anyone tell me how to copy my screen and place it in a thread? I have a mac.
A. Finesse Williams Making Millions One Pip At A Time!
  • #187
  • Mar 9, 2010 9:25am Mar 9, 2010 9:25am
Quoting aswilled
Find bobkus threads on this site. It will teach you all you need to know. I learned this over the week end and started making money at the open and haven't stopped.
Dont say that so loud aswilled, your broker may hear! lol
Hero Traders Live to see their Accounts Die!
  • #188
  • Mar 9, 2010 9:28am Mar 9, 2010 9:28am
Quoting aswilled
Can anyone tell me how to copy my screen and place it in a thread? I have a mac.
Not sure if this will work for the mac, but I use a screen utitility called YASCU, you can download it. It captures and saves in JPG format. You then need to upload it via somewhere like www.Imageshack.us

Copy the link generated, Click Insert Image and paste the link, when typing your post.
Hero Traders Live to see their Accounts Die!
  • #189
  • Mar 9, 2010 9:35am Mar 9, 2010 9:35am
Quoting simoneg
Not sure if this will work for the mac, but I use a screen utitility called YASCU, you can download it. It captures and saves in JPG format. You then need to upload it via somewhere like www.Imageshack.us

Copy the link generated, Click Insert Image and paste the link, when typing your post.
Thanks. Will try.
A. Finesse Williams Making Millions One Pip At A Time!
  • #190
  • Mar 9, 2010 9:41am Mar 9, 2010 9:41am
Quoting mavrix
Is there a summary post for this method? ie what levels to use for fibs, entry points based on certain criteria etc. Some charts open the 3:15 candle and for others its the close of the candle. If my charts open the 3:15, do I use the 3:00? Just a sample.
this is a great looking method with clear definable ins and outs based on logic???(scarey term to use in forex)
Thanks to all for their input.
Thanks mavrix! You will need to go through the Bobokus thread to understand the fib levels, and then visit the summary at the beginning of this thread!
Hero Traders Live to see their Accounts Die!
  • #191
  • Mar 9, 2010 9:50am Mar 9, 2010 9:50am
To All Nubies... I would like to offer a word of advice before you start practicing this method. I suggest you learn a currency. What it does and when, to what news at what times. Then the holy grail to trading... at that is: support and resistance. Without this prior experience (not knowledge) you might find it hard to apply this concept. If not, you just saved yourself six months of steps to becoming a day/swing trader.
A. Finesse Williams Making Millions One Pip At A Time!
  • #192
  • Mar 9, 2010 9:53am Mar 9, 2010 9:53am
[quote=simoneg;3534475]I will be off for a bit again. But I would like to get some feeback as to whether the method is being clearly explained, any strengths, weaknesses, suggestions for improvement, please share.

Hi Simoneg

Been following the thread for the last day or so and looks to be a very good method. To help clarification would it be possible to post a chart summarising todays trades with entries & exits explaining why the trades were taken. Think this would be very helpful.

Thanks
Wise men say only fools rush in ...
  • #193
  • Mar 9, 2010 9:59am Mar 9, 2010 9:59am
Quoting aswilled
To All Nubies... I would like to offer a word of advice before you start practicing this method. I suggest you learn a currency. What it does and when, to what news at what times. Then the holy grail to trading... at that is: support and resistance. Without this prior experience (not knowledge) you might find it hard to apply this concept. If not, you just saved yourself six months of steps to becoming a day/swing trader.
Yes aswilled! But it is important to remember that what the 50% breaches do, is help to identify those key support/resistance levels to trade (enter on).
Hero Traders Live to see their Accounts Die!
  • #194
  • Mar 9, 2010 10:03am Mar 9, 2010 10:03am
[quote=Arnyboy;3535069]
Quoting simoneg
I will be off for a bit again. But I would like to get some feeback as to whether the method is being clearly explained, any strengths, weaknesses, suggestions for improvement, please share.

Hi Simoneg

Been following the thread for the last day or so and looks to be a very good method. To help clarification would it be possible to post a chart summarising todays trades with entries & exits explaining why the trades were taken. Think this would be very helpful.

Thanks
Thanks Arnyboy! I will work on some charts later today. Once it gets to 6:45am or so I am not able to post charts from where I am. What I do however is, from 3:00am, post chart setups and continue with narration throughout the day.

I welcome others who are becoming comfortable with the method to post their charts throughout the day so others can benefit.

Thanks!
Hero Traders Live to see their Accounts Die!
  • #195
  • Mar 9, 2010 10:07am Mar 9, 2010 10:07am
Arnyboy, if you go back to post #124, you will see that charts were posted with explanations for entry and exit for the first 2 short trades. Also post #137 explains our first long entry.
Hero Traders Live to see their Accounts Die!
  • #196
  • Mar 9, 2010 10:24am Mar 9, 2010 10:24am
Thanks, just been back through post 124 & understand, would be good to see & understand the US session trades later if poss.

Thanks again for your time an explanations.
Wise men say only fools rush in ...
  • #197
  • Mar 9, 2010 10:29am Mar 9, 2010 10:29am
Your'e welcome Arnyboy! Will work on those for you!
I will work on some charts later. aswilled it would be good if you could post some yours to help share the weight on the shoulders

Much appreciated!
Hero Traders Live to see their Accounts Die!
  • #198
  • Mar 9, 2010 11:48am Mar 9, 2010 11:48am
Hi all, I wont be trading tomorrow. May take other positions today and post but wont be trading again until 3:00am Thursday!

Please let the FREE sharing continue so others can benefit.

Happy trading!
Hero Traders Live to see their Accounts Die!
  • #199
  • Mar 9, 2010 12:43pm Mar 9, 2010 12:43pm
Quoting simoneg
Not sure if this will work for the mac, but I use a screen utitility called YASCU, you can download it. It captures and saves in JPG format. You then need to upload it via somewhere like www.Imageshack.us

Copy the link generated, Click Insert Image and paste the link, when typing your post.
Hello Simoneg,
Hello all.

Thank you for making this flower bloom so wonderfully. Do continue to care as you share.

Will certainly look at that utility.

Before it is too long, because psychology is different for live from Demo-ing, a friendly inquisition: I am currently both live and demoz who are with me? Live or Demo, simple show of hands will do. Something I wish to share in parting for now {Never Intentionally Loose PiPs or $$}.

Bless
  • #200
  • Mar 9, 2010 1:00pm Mar 9, 2010 1:00pm
Fibbing the previous high of 1.5085 to today's low at 1.4935, we see the next breach level (50%) at 1.5010. A close above this level will create strong support and lead to further buying towards 1.5060 to 1.5070. Entries would therefore be sought after above this level. If anyone is able to draw this fib and highlight this level please do.

Thanks!
Hero Traders Live to see their Accounts Die!
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