don't give up my friend...

Quoting philmcgrew

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1. Stop drawing your fibs backwards
2. Stop mindlessly taking profit at a fib level
3. Stop thinking that trading is perfect.

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Quoting stevenali

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i still need any good advise to make my trading perfect...

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Quoting jarroo

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Trading is never perfect (100%) But I like your style.

Have you read James16 Chart Thread?

I think your answers are in price action itself. Pin BBars, Inside bars, Outside bars, etc., would help your stlye a lot. check it out.

Jim

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Quoting stevenali

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sorry my mistake in previous post...

for example IF you have open position LONG which price is between Fibbo level 38.2% and 50% so the target price not 50% fib level, but the price at 61.8%

IF you have open position SHORT which price is between Fibbo level 123.6% and 100% so the target price not 100% but but the price at 76.4%

hope you can understand it

here is the chart

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Quoting et_phonehome_2

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Stevenali,

I understand the fib explanation, but I do not understand how its helps to determine the first and second level. I hope you don't mind clarifying it a little more to me...

Thanks,
ET

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Quoting TheWicker

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I don't doubt your generosity and I am sure you are trying to help everyone, but I doubt the stochastic will help you with this system. In your first chart you have the settings of 14,3,3 later on you have 20,3,3. Why has this been changed and why do you use these exact settings? Also your fibonnacis are not correct, you use it as an continuation entry on one screen but you drew a fibonacci retracement.

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Quoting stevenali

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I Always draw Fibbonachi Retracement of last week to find support resistance and to put my tp and sl in this week..

it's so simple, you can find this fibbo in Metatrader and draw fibbonachi by using HIGH anf LOW of LAST WEEK.

in the chart i give you my fibbonachi level for last week which i draw fib level using the privious week..

than you must add more the level, here is the level fibbonachi

0%
23.6%
38.2%
50%
61.8%
76.4%
100%..

to make me easy using it, i add the level from -100 to +200
so here is the level

-100%..
-76.4%
-61.8%
-50%
-38.2%
-23.6%
-0%
0%
23.6%
38.2%
50%
61.8%
76.4%
100%
123.6%
138.2%
150%
161.8%
176.4%
200%..



i made a little observasion by backtesting my mouteki modification methode from January 2006.. th results are surprising me

we have 103 transaction

21 transactions with Lose of 1393 pips
82 transactions with profit of 6653 pips

Profit is 5260 pips

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Quoting VyNNeR

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Are these results only on cable? If it is then its really a good result...futhermore i noticed if u try to use the 2nd level fibo as TP and 2nd level for stop loss ... most of the time its not a 2:1 risk reward ratio ... did u noticed that too?

Anyway thanks for your sharing

-Vynner

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Quoting granpa

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Hi Stevenali,

DiNapoli looks great, is any for MT4 can i download?

Thanks and your explaination is really good.

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