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Fibonacci Trading with Bobokus

  • #1,121
  • Dec 30, 2007 1:15pm Dec 30, 2007 1:15pm
Quoting sizzler
Hey Bobokus,


I popped by from the "other"(duh duh duhnn) thread and went through your stuff. I think you are incredibly well spoken and easy to follow despite what you think It is beautifully simple which is something I love.

I am nobody, but I would say you have put a lot of goodness in here and some rock solid fundamentals.

Does it ever get any simpler then trade the trend and buy low sell high?

Up until a few weeks ago I had never really worked with fibs and now they are fast becoming fixture in my style.

If I may, again being nobody, my OPINION is that a trader would be well served to take this methodology and possibly build off of it with price action try it... or overlay it on your current style... or don't it is gret the way it is.

You have put a lot of time and work into this and it is awesome hopefully people keep an trader's mind about it because they would be missing out if not. Thanks for your thread!

Sizz.
I appreciate that Sizzler, and yes sooner or later everyone that stays in this business will come to find its the simple things that work in the long run.
  • #1,122
  • Dec 30, 2007 1:33pm Dec 30, 2007 1:33pm
Quoting Bobokus
There are many factors that remain but I realise now its alot for someone to absorb and that I can be a little confusing and hard to follow, but I just dont know any other way to explain how this is done outside of a classroom type environment. I myself didnt realise how much information it takes to try and get how this worls across, and doing this with text and a few examples is difficult. I will try and answer everyones questions If you have them, and I hope I dont discourage you from learning fibs since they, to me are all you need next to learning price action.

I'm Confused

So, you take the high off the low and low off the high and enter a stop when you have a limit order in place on Thursdays before 5pm EST? What happens when my monitor is upside down or better yet, inside out? HUH? Smarty pants! You don't know everything now do ya?.

I would appreciate a 1000pg manual (with lots of pictures), when you get a chance.
Robonacci com
  • #1,123
  • Dec 30, 2007 1:39pm Dec 30, 2007 1:39pm
Quoting Skunny
I'm Confused

So, you take the high off the low and low off the high and enter a stop when you have a limit order in place on Thursdays before 5pm EST? What happens when my monitor is upside down or better yet, inside out? HUH? Smarty pants! You don't know everything now do ya?.

I would appreciate a 1000pg manual (with lots of pictures), when you get a chance.
No No No, you got it all backwards, you dont stand on your head to look at the monitor it makes you think its upside down.For you I dont think 1000 pages would be enough.
  • #1,124
  • Dec 30, 2007 5:35pm Dec 30, 2007 5:35pm
Looks like you've out done yourself with the charts and explaination that really give what's needed. I printed and studied the first 8 and now am seeing these others that I'm sure are just as informative. Fantastic job and thank you! You ever were thinking enough to put charts up that can printed out for offline time that doesn't burn through a ton of black ink cartridges. I'm loving it.
PipHunter
  • #1,125
  • Dec 30, 2007 5:39pm Dec 30, 2007 5:39pm
Quoting Pip Hunter
Looks like you've out done yourself with the charts and explaination that really give what's needed. I printed and studied the first 8 and now am seeing these others that I'm sure are just as informative. Fantastic job and thank you! You ever were thinking enough to put charts up that can printed out for offline time that doesn't burn through a ton of black ink cartridges. I'm loving it.
LOL, yea the black charts are ink intensive. These should be able to help a little in understanding what to look for in placing them and their use.
  • #1,126
  • Dec 30, 2007 5:52pm Dec 30, 2007 5:52pm
Quoting Bobokus
No No No, you got it all backwards, you dont stand on your head to look at the monitor it makes you think its upside down.For you I dont think 1000 pages would be enough.
Hey you clown, are we trading this mess over the next days? I think I might just wait for 08'. Just because it rhymes so nicely.
Robonacci com
  • #1,127
  • Dec 30, 2007 5:57pm Dec 30, 2007 5:57pm
Quoting Skunny
Hey you clown, are we trading this mess over the next days? I think I might just wait for 08'. Just because it rhymes so nicely.
Im staying out until after the holidays, I dont like having to hold one over a holiday and it would end up that way if I did so not till 08, Rhyme Master Skunny
  • #1,128
  • Dec 30, 2007 6:12pm Dec 30, 2007 6:12pm
Quoting Bobokus
Im staying out until after the holidays, I dont like having to hold one over a holiday and it would end up that way if I did so not till 08, Rhyme Master Skunny
I could probably pop a couple yen trades for 20-30pips but I'm not in the mood to possibly wait and manage a 30 pip trade for 3 days.LOL
Robonacci com
  • #1,129
  • Dec 31, 2007 5:24am Dec 31, 2007 5:24am
Ah tis a thing of beauty. You can see here price crossing to the other side of the "trading zone". It then falls back to test the pivot and the swing long. A buy on the breakout of the swing high and then a charge on to the Intraday target 1. Easy 70 pips. I didn't trade it being the holidays and all but damn I wish I had.
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  • #1,130
  • Dec 31, 2007 6:27am Dec 31, 2007 6:27am
Quoting Bobokus
The template is for GBP/USD if you put the template on another pair the fibs will be set to the price of cable.
I am use Mt4 platform
I put template on GJ pair, buat still naked.
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  • #1,131
  • Dec 31, 2007 9:39am Dec 31, 2007 9:39am
Quoting chou
I am use Mt4 platform
I put template on GJ pair, buat still naked.

The template was for GBP/USD only, just to follow along with the exercise.Its not going to show fibs on another pair they are way off the screen since they are different number values.GBP/USD is 2.xxxxx, GBP/Yen is 230.xxxx.
  • #1,132
  • Dec 31, 2007 9:51am Dec 31, 2007 9:51am
Quoting bodra
Ah tis a thing of beauty. You can see here price crossing to the other side of the "trading zone". It then falls back to test the pivot and the swing long. A buy on the breakout of the swing high and then a charge on to the Intraday target 1. Easy 70 pips. I didn't trade it being the holidays and all but damn I wish I had.
Yep,I didnt trade it either ..just dont like trading around holidays especially when the broker will close early.
But yes its a thing of beauty.
Sell off going on now it appears, curioius to see if support holds
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  • #1,133
  • Jan 1, 2008 8:03am Jan 1, 2008 8:03am
Bo, we made it to 08'. Let's make this a killer year bud!
Robonacci com
  • #1,134
  • Jan 1, 2008 8:47am Jan 1, 2008 8:47am
Quoting Skunny
Bo, we made it to 08'. Let's make this a killer year bud!
Already workin on that....whats that smell, its ..its .Early retirement.LOL
  • #1,135
  • Jan 1, 2008 10:12am Jan 1, 2008 10:12am
Quoting Bobokus
Already workin on that....whats that smell, its ..its .Early retirement.LOL
I wuz wonder'n what dat smeell wuz.
Robonacci com
  • #1,136
  • Jan 1, 2008 7:11pm Jan 1, 2008 7:11pm
Hi Bobokus I like to use Fibonacci methods as well with my trading. I start with the Monthly charts and move in to weekly , daily maybe intraday ( 60 Mins, 30 or 15).

The ratios can be very effective.

-cheers
Success To Your Trading
  • #1,137
  • Jan 1, 2008 7:42pm Jan 1, 2008 7:42pm
Quoting Cg985
Hi Bobokus I like to use Fibonacci methods as well with my trading. I start with the Monthly charts and move in to weekly , daily maybe intraday ( 60 Mins, 30 or 15).

The ratios can be very effective.

-cheers
I use the same, just dont like watching grass grow.
  • #1,138
  • Jan 2, 2008 4:59am Jan 2, 2008 4:59am
Quoting Bobokus
The template was for GBP/USD only, just to follow along with the exercise.Its not going to show fibs on another pair they are way off the screen since they are different number values.GBP/USD is 2.xxxxx, GBP/Yen is 230.xxxx.
Sorry my lack knowledge , i already put your template for GU, but my GU still naked. I use NF platform for it. Thx for your attention.
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  • #1,139
  • Jan 2, 2008 6:00am Jan 2, 2008 6:00am
Hi Bo,

In regards to the last series of posts, you said that as the price fell and broke the fib levels of the up move fibs, you adjusted your up move fibs back in time to keep the current price above the fib levels. At what point would you consider adding a down move fib set instead of just allowing the retracement to get bigger and bigger?

Bruce
  • #1,140
  • Jan 2, 2008 6:10am Jan 2, 2008 6:10am
Quoting chou
Sorry my lack knowledge , i already put your template for GU, but my GU still naked. I use NF platform for it. Thx for your attention.
The exercise started back in april I think scroll your chart back to that date.
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