Fibo Fibo Fibo 14 replies
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How do differentiate between Fibo and Fibo TimeZones? 4 replies
DislikedYess Strong trader Red fibo is sell yellow fibo is sell and green fibo which is mentioned also shows sell.So three sell. But Entry price according to first excel sheet still not reached if we put entry order during franfurt open. How do you measure the extereme ? I know its alerady crossed green fibo zone 6 price value.Is that is the sign that price is reached extreme?Ignored
DislikedSimply going by my previous post whereein I posted the hpfz indicator. Just a page or two back. Here is what we see: AU - Sell, Sell, Sell. Price moves UP at open, hits fibo zone resistance band 1 at 1.0487 ( line D at 1.0479) and then bounces back. I use the IIMARROWS indi to take the trade. This does not repaint. Trade sell at 1.0486. Price right now at 1.0457. PROFIT: 29 pips. GREAT. EU - Buys, Sell, Buy, hence BUY signal Price moves DOWN at open, hits B at 1.2802, move forther down to hit Fibo Zone at 1.2794, goes to a low of 1.2789, bounces...Ignored
DislikedPardy, Can you tell me whats the Signals Right Now as we approach 4 pm cst. My new day opens in 10 minutes please. I am in houston, tx, usa. Appreciate your help.Ignored
DislikedI shall be looking for new signals in 1 hr 5 min time, i.e. 11 pm London time. No hurry, since at this time price hardly moves much, so things like broker price difference should not have much material effect. Plus I only take the trade in direction suggested by the spreadsheet once price has moved to the opposite Line or Band and the IIMWARROWS gives a signal in trade direction.Ignored
DislikedSimply going by my previous post whereein I posted the hpfz indicator. Just a page or two back. Here is what we see: AU - Sell, Sell, Sell. Price moves UP at open, hits fibo zone resistance band 1 at 1.0487 ( line D at 1.0479) and then bounces back. I use the IIMARROWS indi to take the trade. This does not repaint. Trade sell at 1.0486. Price right now at 1.0457. PROFIT: 29 pips. GREAT. EU - Buys, Sell, Buy, hence BUY signal Price moves DOWN at open, hits B at 1.2802, move forther down to hit Fibo Zone at 1.2794, goes to a low of 1.2789, bounces...Ignored
DislikedPardy, you worte this: EJ - Buy, buy, buy. NO SIGNAL TO ENTER TRADE I do not follow EJ but 3 buy are the best signal you can get, think of itIgnored
DislikedYes, but the way I am looking at it is that I will only take a trade in the recommended direction IF price hits the opposite fi zone/ Line, with the entry confirmed by the IINWARROWS indi. So, its not an indi based trade, it follows the recommendation of the spreadsheet, the retrace if you like to a fibo zone or line, THEN only it takes a trade in the direction specified if confirmed by the IIMWARROWS indi which is quite good. Sure, the trade may still go against you, nothing is 100%, but I think with the rule above, the odds are in your favour....Ignored
Dislikedthat's ok, trading the extremes has the best R/R, so go on doing what you are doing... but just try to ask you this: if I could know when is time to wait for extremes and when is not? couldn't it be another odd in my favor? please interpret this "if question" only as a point to think onIgnored
DislikedSure, you are right, grateful for any further insights you could offer. So far, I have really only looked at something that might be simple, with a good r/r, and upwards of 50 pips a day. If a trade does not hit, so be it. Early days yet, but this seems to fit the bill and might help others. In fact, I intend to do a bit of backtesting soon as I get some time to see if this can be a valid way of trading going forward. hence I had requested if someone had done a backtest to disclose simply what the recommendation was each day. based on that, you...Ignored
DislikedHi Appologies if this is considered a noob question but could somebody explain how to link the spreadsheet to MT4 in order to get a live feed. I am on Alpari ("http://www.forexfactory.com/brokers.php?broker=auk") UK. Any help would be greatly appreciated. Thank you.Ignored
DislikedPardy, Can you tell me whats the Signals Right Now as we approach 4 pm cst. My new day opens in 10 minutes please. I am in houston, tx, usa. Appreciate your help.Ignored
DislikedHi Appologies if this is considered a noob question but could somebody explain how to link the spreadsheet to MT4 in order to get a live feed. I am on Alpari ("http://www.forexfactory.com/brokers.php?broker=auk") UK. Any help would be greatly appreciated. Thank you.Ignored
DislikedI get for pair: yellow red green sig as under: EU: buy,sell,sell, hence sell GU: buy,sell,buy, hence buy EJ: buy, buy, buy, hence buy AU: buy,sell,sell, hence sellIgnored
DislikedI get for pair: yellow red green sig as under: EU: buy,sell,sell, hence sell GU: buy,sell,buy, hence buy EJ: buy, buy, buy, hence buy AU: buy,sell,sell, hence sellIgnored