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Simple & Consistent Fibbing Method

  • #161
  • Mar 9, 2010 8:05am Mar 9, 2010 8:05am
Quoting apxsolutions
Right, I understand. I'm not one for EAs either to be honest. However, the 3:15am time frame for me in EST is a little late for me to try and stay up . That's why I'm trying to see if there's some way to have it only trade the initial safe entries and then from there always take the most conservative profit taking.

~Steve
Ok cool apx.
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  • #162
  • Mar 9, 2010 8:19am Mar 9, 2010 8:19am
Can someone please fib the high of the 3:15am candle to this morning's low and tell me what price the 50% level is at?

Thanks!
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  • #163
  • Mar 9, 2010 8:20am Mar 9, 2010 8:20am
For the GBP/USD pair, it's 1.4982. For the EUR/USD it's 1.3571. For the USD/CHF its 1.077. Hope that helps!.
  • #164
  • Mar 9, 2010 8:24am Mar 9, 2010 8:24am
Question: If your trading on Monday during the US Session, do you use the low/high of Friday's data to the low/high of Sundays data to calculate where your fib entries/exits will be?.

Thanks much!..
~Steve
  • #165
  • Mar 9, 2010 8:28am Mar 9, 2010 8:28am
Quoting apxsolutions
For the GBP/USD pair, it's 1.4982. The low occurred at the 8:45am candle. Hope that helps!.
Thanks very much apx! That is the next breach level for adding long positions!
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  • #166
  • Mar 9, 2010 8:30am Mar 9, 2010 8:30am
Quoting apxsolutions
Question: If your trading on Monday during the US Session, do you use the low/high of Friday's data to the low/high of Sundays data to calculate where your fib entries/exits will be?.

Thanks much!..
~Steve
Hi apx, I use friday's data to determine targets for Monday. I completely ignore Sunday. But use the High/Low of Monday after midnight to determine entries towards friday's targets.
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  • #167
  • Mar 9, 2010 8:31am Mar 9, 2010 8:31am
Ok, not a problem. You quite welcome. By the way, your hitting it right now . Ok, thanks for the information on properly fibbing the entries and exits for Monday. I appreciate it!.

~Steve
  • #168
  • Mar 9, 2010 8:32am Mar 9, 2010 8:32am
Quoting apxsolutions
Ok, not a problem. You quite welcome. By the way, your hitting it right now .
Great, sorry about not specifying the pair, will make an effort not to be so biased next time.
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  • #169
  • Mar 9, 2010 8:38am Mar 9, 2010 8:38am
Hehe!.. not a problem . I figured you probably meant the GBP/USD pair since most of your charts showed this pair in your examples. Plus, that was really the only one that was hitting it retracement point at the time you asked. So it makes it rather easy to figure out. I just threw the other ones in there just in case if you wanted to look to trade them should they hit their respective points, as well .

I like to trade the EUR/JPY, CHF/JPY, CAD/JPY, and USD/CHF pairs myself. I use a bit of a different strategy, that works well also but I find that your entries are much better than my strategy. Thanks for sharing your wonderful method. Looking forward towards gaining some serious pips with it .

~Steve
  • #170
  • Mar 9, 2010 8:43am Mar 9, 2010 8:43am
Quoting apxsolutions
Hehe!.. not a problem . I figured you probably meant the GBP/USD pair since most of your charts showed this pair in your examples. Plus, that was really the only one that was hitting it retracement point at the time you asked. So it makes it rather easy to figure out. I just threw the other ones in there just in case if you wanted to look to trade them should they hit their respective points, as well .

I like to trade the EUR/JPY, CHF/JPY, CAD/JPY, and USD/CHF pairs myself. I use a bit of a different strategy, that works well also but I find...
The GBP/USD is my favorite pair. Sometimes I will trade the EUR/USD, USD/CHF or EUR/JPY, but love this one. This strategy works just the same on these and USD/JPY. I dont want to say all pairs as I have not tested it beyond those. Thanks apx! I am glad to know that it has helped you! The intention of the thread is to FREELY share so all can benefit! You certainly can make a lot of pips with this method. Just remember to take the profit when it comes ! Happy Trading!
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  • #171
  • Mar 9, 2010 8:47am Mar 9, 2010 8:47am
Yeah, I do add the GBP/USD from time to time as I used to love to trade that one and the EUR/USD as well. I still do, and, in fact, now that I'm aware of your method, I'll be doing it quite a bit more often too! . Don't have to worry about the profit taking. I'll just be happy to take it at the first level every time. I'm never a greedy trader. What I left on the table this time around comes back around on another trading day is how I look at it. For me, consistency is all that I'm after . Along with proper money management & the sky's the limit . Happy trading to you as well, sir!.

Thanks again!..
~Steve
  • #172
  • Mar 9, 2010 8:58am Mar 9, 2010 8:58am
Quoting apxsolutions
Yeah, I do add the GBP/USD from time to time as I used to love to trade that one and the EUR/USD as well. I still do, and, in fact, now that I'm aware of your method, I'll be doing it quite a bit more often too! . Don't have to worry about the profit taking. I'll just be happy to take it at the first level every time. I'm never a greedy trader. What I left on the table this time around comes back around on another trading day is how I look at it. For me, consistency is all that I'm after . Along with proper money management & the sky's the limit...
Good stuff apx! Only one probelm....I am "mam", not sir!
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  • #173
  • Mar 9, 2010 9:06am Mar 9, 2010 9:06am
Quoting simoneg
Good stuff apx! Only one probelm....I am "mam", not sir!
lol. Its banging the T1 from yesterdays fib. Then to T2 on the intraday. Its a waiting game now.
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  • #174
  • Mar 9, 2010 9:08am Mar 9, 2010 9:08am
I apologize, mam!. Its the internet. Sorry for the bias on my end! . No offense intended .
  • #175
  • Mar 9, 2010 9:09am Mar 9, 2010 9:09am
Quoting aswilled
lol. Its banging the T1 from yesterdays fib. Then to T2 on the intraday. Its a waiting game now.
Haha! Thanks aswilled! I have 3 positions open on this trade! Will take profit soon if I see any stalling!
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  • #176
  • Mar 9, 2010 9:10am Mar 9, 2010 9:10am
Quoting apxsolutions
I apologize, mam!. Its the internet. Sorry for the bias on my end! . No offense intended .
haha! apology aceepted apx!
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  • #177
  • Mar 9, 2010 9:11am Mar 9, 2010 9:11am
I reset the intra to 4934 - 4992 and it appears price is chasing the high of 5026, which is also the T3 resistance break for that range.
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  • #178
  • Mar 9, 2010 9:12am Mar 9, 2010 9:12am
Yep closed all three for +136pips. Up 193pips today.
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  • #179
  • Mar 9, 2010 9:13am Mar 9, 2010 9:13am
Quoting simoneg
Haha! Thanks aswilled! I have 3 positions open on this trade! Will take profit soon if I see any stalling!
I have to wait. Fell asleep during last swing. Woke up to money and price running...
A. Finesse Williams Making Millions One Pip At A Time!
  • #180
  • Mar 9, 2010 9:14am Mar 9, 2010 9:14am
Quoting aswilled
I reset the intra to 4934 - 4992 and it appears price is chasing the high of 5026, which is also the T3 resistance break for that range.
Yes, that sounds correct aswilled. Cant really fib to see, so better to be safe. Will see if I can take any other entries.
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