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Fibonacci Trading with Bobokus

  • #7,481
  • Jan 5, 2009 8:58am Jan 5, 2009 8:58am
Quoting Shermenator
We should get a chance at taking an attempt at buying this puppy back up

Attachment
I'm buying the retracement back to intraday levels.
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  • #7,482
  • Jan 5, 2009 9:35am Jan 5, 2009 9:35am
As you can see cable is a mess today.
We should wait to see which way the mkt. wants to go.
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  • #7,483
  • Jan 5, 2009 12:12pm Jan 5, 2009 12:12pm
Quoting speedarad
I'm buying the retracement back to intraday levels.
I close my long at next bar because I was trading against a strong trend and mkt. fail to make a new high.
  • #7,484
  • Jan 5, 2009 1:29pm Jan 5, 2009 1:29pm
I wanna show you another trade a took earlier today to the short side.The entry is based on a technique called "The Red Hook" and I learned from Joe Ross.I didn't exactly worked the way I hoped but was still good for 24pips.
After the spectacular downtrend ,we have the 13.00 hr (blue) retracement bar.I put a sell stop below this bar.If the next bar is to the down side that means that the trend continue to be very strong.Next bar (14hr.) was also up,so I raised my order below this bar now.I got filled as you can see below the third blue candle.The trade is good to at least previous low or high (which just happened) and is a high probability trade.After the third bar ,entry is not valid anymore. Remember you need a strong trade to for this.If anyone is interested in this let me know and I will provide you with some links.
Attached Image (click to enlarge)
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  • #7,485
  • Jan 5, 2009 1:42pm Jan 5, 2009 1:42pm
Hey speedarad,

I had one sell order like yours and made some pips earlier today as well...



Quoting speedarad
I wanna show you another trade a took earlier today to the short side.The entry is based on a technique called "The Red Hook" and I learned from Joe Ross.I didn't exactly worked the way I hoped but was still good for 24pips.
After the spectacular downtrend ,we have the 13.00 hr (blue) retracement bar.I put a sell stop below this bar.If the next bar is to the down side that means that the trend continue to be very strong.Next bar (14hr.) was also up,so I raised my order below this bar now.I got filled as you can see below the third blue candle.The...
  • #7,486
  • Jan 5, 2009 2:01pm Jan 5, 2009 2:01pm
Quoting psneto
Hey speedarad,

I had one sell order like yours and made some pips earlier today as well...
Trading the Euro was sweet today.Let's see what will hapen tommorrow?!
Gu was good for the upside as well but the move got trigger kind of late in the day.
  • #7,487
  • Jan 5, 2009 2:45pm Jan 5, 2009 2:45pm
Quoting speedarad
Trading the Euro was sweet today.Let's see what will hapen tommorrow?!
Gu was good for the upside as well but the move got trigger kind of late in the day.
Yes, I almost set a pending order for GU but for some reason I decided not to do it and I missed that moviment. But that's ok, the market will be always there...
  • #7,488
  • Jan 5, 2009 3:57pm Jan 5, 2009 3:57pm
Quoting psneto
Yes, I almost set a pending order for GU but for some reason I decided not to do it and I missed that moviment. But that's ok, the market will be always there...
That's the discipline! Never chase a trade.Took me a while to apply it!
  • #7,489
  • Jan 5, 2009 8:00pm Jan 5, 2009 8:00pm
Quoting speedarad
I wanna show you another trade a took earlier today to the short side.The entry is based on a technique called "The Red Hook" and I learned from Joe Ross.I didn't exactly worked the way I hoped but was still good for 24pips.
After the spectacular downtrend ,we have the 13.00 hr (blue) retracement bar.I put a sell stop below this bar.If the next bar is to the down side that means that the trend continue to be very strong.Next bar (14hr.) was also up,so I raised my order below this bar now.I got filled as you can see below the third blue candle.The...
It sounds interesting .I would apprecite if you provide the link.
  • #7,490
  • Jan 5, 2009 9:25pm Jan 5, 2009 9:25pm
Quoting speedarad
I wanna show you another trade a took earlier today to the short side.The entry is based on a technique called "The Red Hook" and I learned from Joe Ross.
Oh...is that the Ross Hook I thought it was called? I read a document from somewhere like that a few years ago but back then I couldn't put the theory to much use because I wanted to see 5 indicators and a go/no go flashing light on my charts. I should look into it again. I wonder if he has published anything new since then...
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,491
  • Jan 5, 2009 10:54pm Jan 5, 2009 10:54pm
Looking foward to buying the eurusd withing 5 min...Ill let you guys know if I did it
  • #7,492
  • Jan 5, 2009 11:06pm Jan 5, 2009 11:06pm
Curtrently long in eurusd 3555 I am long

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  • #7,493
  • Jan 5, 2009 11:15pm Jan 5, 2009 11:15pm
Quoting Shermenator
Curtrently long in eurusd 3555 I am long
DO you have an exit in mind or seeing how it develops?
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,494
  • Jan 5, 2009 11:17pm Jan 5, 2009 11:17pm
Quoting Thexder
DO you have an exit in mind or seeing how it develops?
I am looking for about 40 pips
  • #7,495
  • Jan 5, 2009 11:21pm Jan 5, 2009 11:21pm
Closed it with 40 pip loss....will make them back if the ocation appears
  • #7,496
  • Jan 6, 2009 12:13am Jan 6, 2009 12:13am
Quoting Shermenator
Closed it with 40 pip loss....will make them back if the ocation appears
I did the same, but I closed with 20 pips loss ...
  • #7,497
  • Jan 6, 2009 1:15am Jan 6, 2009 1:15am
Hi Shermenator,

Isn't it not suppose to reach 1.3483 at the minimum before thinking of longs?
Sebastien
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  • #7,498
  • Jan 6, 2009 3:33am Jan 6, 2009 3:33am
Quoting OGW
Hi Shermenator,

Isn't it not suppose to reach 1.3483 at the minimum before thinking of longs?
Sebastien

well the market is not exact and theirs other levels of support and resistance coming from other fibb levels
  • #7,499
  • Jan 6, 2009 3:34am Jan 6, 2009 3:34am
just closed a good portion of my trade here in my aud long...recovered a bitt over 50 percent of my earlier loss today

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  • #7,500
  • Jan 6, 2009 3:40am Jan 6, 2009 3:40am
My Long on GU is up 13 pips, hope trade goes well, its my first trade in a really long while.

PS. Today is my birthday, I am 19 and I can finally buy beer.
"If voting changed anything, they'd make it illegal" - Emma Goldman
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