Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Trade Naked Candlesticks strategy 15 replies

Naked price trades 11 replies

Trading naked or keep it simple stuff.... 20 replies

SIMPLE EA for a simple method needed!! 1 reply

Attachments: Nearly Naked (Simple Trades)
Exit Attachments

Nearly Naked (Simple Trades)

Quoting shahab8b
This is an example for how to use confluence levels:
shahab8b

Thank you very much for great example! It's a beautiful chart.

Pls allow me to ask one more question. On an attached chart, the major trend fibo levels are almost useless after the price starts going down. In this case, would you use a minor trend fibo levels for both selling and buying as long as you recognize confluences? If so, 4 entry points (2 sells and 2 buys) are valid, you think?

Or do you re-draw the major swing fibo? Let's say the bottom @1.25?

Again thank you very much! It helps me a lot get a much better idea about fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: fib4.jpg Size: 226 KB
Quoting Forexgogo
shahab8b

Thank you very much for great example! It's a beautiful chart.

Pls allow me to ask one more question. On an attached chart, the major trend fibo levels are almost useless after the price starts going down. In this case, would you use a minor trend fibo levels for both selling and buying as long as you recognize confluences? If so, 4 entry points (2 sells and 2 buys) are valid, you think?

Or do you re-draw the major swing fibo? Let's say the bottom @1.25?

Again thank you very much! It helps me a lot get a much better idea about...
1) You are drawing your fibs upside down. 2) You need to recognize that we are not talking about exact science here. If that was the case, all librarians would be billionaires. I am attaching a few chart to give you some perspective.
Attached Images (click to enlarge)
Click to Enlarge Name: eu a.gif Size: 26 KB Click to Enlarge Name: eu aa.gif Size: 23 KB Click to Enlarge Name: gu.gif Size: 27 KB
AU: short setups on the chart
Attached Images (click to enlarge)
Click to Enlarge Name: au.gif Size: 19 KB Click to Enlarge Name: au1a.gif Size: 24 KB
Quoting shahab8b
AU: short setups on the chart
makes sense to me:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-04_19-23_OANDA.jpg Size: 79 KB
" It may mean something. It may mean nothing at all "
EU: short setup
Attached Image (click to enlarge)
Click to Enlarge Name: eu 2.gif Size: 28 KB
Quoting shahab8b
EU: short setup
Hey Shahab,
Great charts. Thanks for answering those questions. I couldn't have answered them any better. I've been traveling and just landed an hour or so ago, so I haven't been able to post. I'll get up an running in the morning.
It's nice all my old pals posting again.
i dont want to repost myself all over the place...there are a bunch of setups here.

Quoting shahab8b
EU: short setup
my take on EU:

http://www.forexfactory.com/attachme...0&d=1352075400
" It may mean something. It may mean nothing at all "
Quoting shahab8b
1) You are drawing your fibs upside down. 2) You need to recognize that we are not talking about exact science here. If that was the case, all librarians would be billionaires. I am attaching a few chart to give you some perspective.
shahab8b

Thank you very much for great examples!! Now I understand fibos have subjective aspects -- different people may draw it differently (like TLs).

I follow your COT thread, too. I really like your charts
Dear my mentors Saxon and shahab8b,
This is my take on EU -- long @ 38, 50, or 61.
If this is not bad, how should I expect to do? For example, should I wait until it comes down to 61 (most confluences Fib, round #, SR...) Or I enter at any points if the PA turns?

Thank you very much in advance!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 209 KB
Quoting shahab8b
AU: short setups on the chart
AU: short trade update; the 2nd limit was missed.
Attached Images (click to enlarge)
Click to Enlarge Name: au1a.gif Size: 24 KB Click to Enlarge Name: au2.gif Size: 22 KB
Quoting Saxon
Hey Shahab,
Great charts. Thanks for answering those questions. I couldn't have answered them any better. I've been traveling and just landed an hour or so ago, so I haven't been able to post. I'll get up an running in the morning.
You're welcome Saxon!
Quoting calderone
It's nice all my old pals posting again.
Yea, it's been a while!
Quoting Skynet
i dont want to repost myself all over the place...there are a bunch of setups here.



my take on EU:
Nice chart
Quoting Forexgogo
Dear my mentors Saxon and shahab8b,
This is my take on EU -- long @ 38, 50, or 61.
If this is not bad, how should I expect to do? For example, should I wait until it comes down to 61 (most confluences Fib, round #, SR...) Or I enter at any points if the PA turns?

Thank you very much in advance!!
Technically you can. You may want to wait and see the PA at those levels (conservative and textbook approach), or just set set a limit order (more aggressive and also risky)
I don't know if it goes up or down.... if going down, fib38 is a good point for long -- SR, 1.5900...
Your thoughts?
Attached Images (click to enlarge)
Click to Enlarge Name: gu 1.jpg Size: 151 KB Click to Enlarge Name: gu day.jpg Size: 239 KB
Quoting Skynet
makes sense to me:

update. I didnt even get an entry...price didnt retrace all the way to my preferred entry point. oh well.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-05_12-19_OANDA.jpg Size: 82 KB
" It may mean something. It may mean nothing at all "
Quoting Skynet
update. I didnt even get an entry...price didnt retrace all the way to my preferred entry point. oh well.
It happens, sometimes if I have a lot of confluence to back my limit orders-I will set stacks.......some will get hit but not all of them.
Expecting last short move today, entry 2800, exit or maybe reverse 2760/2750
SDPAFX(dot)com Knowledge-Base
Coming down??
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 173 KB
0 traders viewing now