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  • #281
  • Jul 14, 2018 6:41pm Jul 14, 2018 6:41pm
Thank you very much, ikdenk!
i used only mt4, i was always wondering the tools he is using, silly me...
Money is made by sitting, not trading. Jesse L. Livermore
  • #282
  • Jul 15, 2018 10:55am Jul 15, 2018 10:55am
Well lets spice things up a little, Nut method has the potential to work and i think you might be profitable using is method, but there is more to fibs as what is shown here.
The market follows the fibs levels a lot you probably got to this conclusion already, but what most of you dont know is that fibs allow you to see market structure in a very clear way. From what i see in Nut method i can say that he is right that the 61 and 38 fib levels and the extensions are very important levels, also i can see that some of you had problems in finding where to place your fibs and well im not going to say that you are placing your fibs wrong because they can work with Nut method, but i will say that there are different ways of placing your fibs. Most of you place your fibs based on a high and a low, i place my fibs based on major support/resistance levels and this is key to draw fibs in a correct way. You have to think a little outside of the box and look at price and how price moves. Also from the fib that Nut showed i use it in a similar way i use the 0, 100, 61, 38 and the extensions both ways so the 161 , 138 , -161 , -138. Try on your charts to place the fibs in different ways and most important try to find logic as why you are placing fibs and how the price reacted to your fib levels.
  • #283
  • Jul 15, 2018 11:03pm Jul 15, 2018 11:03pm
Hi guys please anyone who can clarify for me this kind of strategy I'm trying to follow but I'm lost at the moment
Nut please post more chart s thanks
Will be back in 5years
  • #284
  • Jul 15, 2018 11:26pm Jul 15, 2018 11:26pm
Quoting Satraderma
Hi guys please anyone who can clarify for me this kind of strategy I'm trying to follow but I'm lost at the moment Nut please post more chart s thanks
Watch the video posted by Nut, it is easier to understand.
  • #285
  • Jul 16, 2018 7:58am Jul 16, 2018 7:58am
Quoting Satraderma
Hi guys please anyone who can clarify for me this kind of strategy I'm trying to follow but I'm lost at the moment Nut please post more chart s thanks
There is no strategy provided in this thread, there is only info on possible targets, profit taking areas.

It's simple fib targets, nothing complex.
  • #286
  • Jul 16, 2018 8:03am Jul 16, 2018 8:03am
Quoting Satraderma
Hi guys please anyone who can clarify for me this kind of strategy I'm trying to follow but I'm lost at the moment Nut please post more chart s thanks
here
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  • #287
  • Jul 16, 2018 8:10am Jul 16, 2018 8:10am
?
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  • #288
  • Jul 16, 2018 9:09am Jul 16, 2018 9:09am
Quoting Satraderma
Hi guys please anyone who can clarify for me this kind of strategy I'm trying to follow but I'm lost at the moment Nut please post more chart s thanks
First see post 227 and ensure you understand the model of the golden mean in both an upward and downward direction. See the charts of todays GBP/USD 15Min. The white line shows my initial starting point the green lines are my bid/ask lines.

Compare the second chart to the model in post 227
Cheers
Nut
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  • #289
  • Jul 16, 2018 1:07pm Jul 16, 2018 1:07pm
Quoting Satraderma
Hi guys please anyone who can clarify for me this kind of strategy I'm trying to follow but I'm lost at the moment Nut please post more chart s thanks
I have found posts 95 and 125 from FXState particularly helpful, especially the diagrams which you should print out for reference.
  • #290
  • Jul 16, 2018 3:46pm Jul 16, 2018 3:46pm
Quoting Nut
{quote} First see post 227 and ensure you understand the model of the golden mean in both an upward and downward direction. See the charts of todays GBP/USD 15Min. The white line shows my initial starting point the green lines are my bid/ask lines. Compare the second chart to the model in post 227 Cheers Nut {image} {image}
Why have you selected the green lines as your bid/ask? Can you elaborate on your reasoning. Thanks
  • #291
  • Jul 16, 2018 4:33pm Jul 16, 2018 4:33pm
Quoting gavblaze
{quote} Why have you selected the green lines as your bid/ask? Can you elaborate on your reasoning. Thanks
The green lines are the market price rate, its the gbp price at the time he took the screenshot. You still have a lot to learn but at least you found your way to a good Thread.
  • #292
  • Jul 17, 2018 5:21am Jul 17, 2018 5:21am
Quoting Nut
{quote} First see post 227 and ensure you understand the model of the golden mean in both an upward and downward direction. See the charts of todays GBP/USD 15Min. The white line shows my initial starting point the green lines are my bid/ask lines. Compare the second chart to the model in post 227 Cheers Nut {image} {image}
An update

The lower chart shows how you might take an internal measure looking for a minor bounce.
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  • #293
  • Jul 17, 2018 8:31am Jul 17, 2018 8:31am
Quoting Nut
{quote} An update The lower chart shows how you might take an internal measure looking for a minor bounce. {image} {image}
Post 292
https://uk.video.search.yahoo.com/se...6&action=click
  • #294
  • Jul 17, 2018 4:29pm Jul 17, 2018 4:29pm
This looks interesting Nut as it seems to make use of Fib "better". If you mentioned most of the books you read about it in books is trash (as most of our knowledge is also based upon), just curious if you picked this up from someone or some reference you could point to?

I'm still trying my wrap my head behind this though as I just browsed it quickly. (And subscribed).
"May the pips be with you!"
  • #295
  • Jul 17, 2018 7:54pm Jul 17, 2018 7:54pm
Quoting maikeru
This looks interesting Nut as it seems to make use of Fib "better". If you mentioned most of the books you read about it in books is trash (as most of our knowledge is also based upon), just curious if you picked this up from someone or some reference you could point to? I'm still trying my wrap my head behind this though as I just browsed it quickly. (And subscribed).
This is my own interpretation of Fib's. I adapted the model of the golden mean to fit my needs as this relationship is mathematically correct.
Regards
Nut
  • #296
  • Jul 17, 2018 8:10pm Jul 17, 2018 8:10pm
Quoting Nut
{quote} This is my own interpretation of Fib's. I adapted the model of the golden mean to fit my needs as this relationship is mathematically correct. Regards Nut
Sir you don't know how much you changed my life, thank youuuuu!~ This is the missing piece in my strategy. Now I know how to time my entries better and avoid huge drawdowns

Still kinda tricky when it comes to CHF pairs (at least for me), but highly helpful for the rest, not only in FX but I'm starting to apply this too in equities and cryptocurrencies
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  • #297
  • Jul 18, 2018 1:35am Jul 18, 2018 1:35am
My strong advise is never ever trade the CHF pairs because if you have been trading for a few years you will know that the Swiss Government/Bank has caused the biggest and most expensive financial cataclysm of any country/currency.
  • #298
  • Jul 18, 2018 2:49am Jul 18, 2018 2:49am
Quoting philhosk
My strong advise is never ever trade the CHF pairs because if you have been trading for a few years you will know that the Swiss Government/Bank has caused the biggest and most expensive financial cataclysm of any country/currency.
I could not agree more with your sentiment
  • #299
  • Jul 18, 2018 5:19am Jul 18, 2018 5:19am
Nut can you explain why you used that level the 0 level to draw the fib in post 288. It seems to be in the right place, but im curious because you choose a level that for me could easily passed unnoticed, i would probably look for the 100 or the 38 level because there appears to be some support resistance there and if i did that i would end with the fib draw in the wrong place.
  • #300
  • Jul 18, 2018 5:57am Jul 18, 2018 5:57am
Quoting STrading
Nut can you explain why you used that level the 0 level to draw the fib in post 288. It seems to be in the right place, but im curious because you choose a level that for me could easily passed unnoticed, i would probably look for the 100 or the 38 level because there appears to be some support resistance there and if i did that i would end with the fib draw in the wrong place.
Strading could you please contact me by PM.... YOUR PM is not activated
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