hi guys,
here's some of my fibo trading. Any comments would be appreciated =)
here's some of my fibo trading. Any comments would be appreciated =)
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Dislikedhi guys,
here's some of my fibo trading. Any comments would be appreciated =)Ignored
DislikedHey Thex;
Man you are working your butt off. Good for you.
Two things that might help.
1. On the Oct. problem. I have a rule, on the 30 minute chart. If I am not in profit within 5 candles I am out to live another day. It might work for you.
2. I have no gaps with either of my brokers on Oct.5 . I use IBFX and MBT.
Hope this helps.Ignored
DislikedI think I've been spending more time trying to print to a PDF than actually doing the back testing...I blame Vista. I've always had no trouble making a PDF and now the new elements are Office 2007 and Vista, suddenly no PDF's.
I've tried the old computer with XP on it, but office 2007 is on there too and it won't properly print from Excel to PDF at least on the pages I made with pictures plus text boxes, comes out white paper all blank screens.
So for now all I have is my transaction summary sheet to attach. Hopefully tomorrow I can transfer the screen shots and write-ups to Word and see if that lets me make a PDF.
I hate vista. Nothing but problems since June. Webcam disappeared, Sound card can't record, and PDFs don't exist.
I forgot to write somewhat of a legend in there for what the columns exactly mean. The swing fib levels are straight forward, the price of each swing fib trade observed, where T1 and T2 are the specific long or short values related to the trade direction.
Price Move is the general distance price travelled so I can see if it exceeded T2, how far did it go, or if it didn't make it to T2, how close did it come
Actual pip move is a calculation in pips from the break out (swing high or low) to the price move.
T1 and T2 range is a pip calculation of the distance from break out to each target (whether it makes it or not, it's just a range calculation).
Retrace before T1 hit is a price value obtained by following candles after break out on the 1 minute chart to see if it would have been stopped before hitting T1.
Proximity to pivot is a pip calculation of how close price came to getting stopped out based on the retrace price found. It helps gauge how strong or risky the move really was and if there are any stop placement tweaks that could help.
Trade result shows where price made it.
Daily T1 profit is the pip count earned by reaching T1, or lost by getting stopped out. It is calculated by summing the transaction of a given day and subtracting 5 pips per transaction for spread.
This exercise only takes profit at T1 to guarantee something is earned. By looking at how the targets were hit maybe something can be optimized to give more profits.
I still hate vista.Ignored
DislikedI gotta say the threads been a little busy this
Once i get back home Ill try and answer everyone questions
Thanks Skunny for helping everyone in my absense..Ignored
DislikedHere's 48 pages of swing break outs for October.
Beyond this research, combining it with other long term fibs or other support/resistance, or other trading methods entirely, it should have a lot of potential, but even just on its own it seems perfectly rewarding.Ignored
DislikedHere's 48 pages of swing break outs for October.
Beyond this research, combining it with other long term fibs or other support/resistance, or other trading methods entirely, it should have a lot of potential, but even just on its own it seems perfectly rewarding.Ignored
DislikedHey Bo, sent you a PM about the the great fibo find... it's so good we'll have to rename it Robonacci. (which is my first name for those that don't know)Ignored