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What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
fibonacci trading log 2 replies
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Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
DislikedMy spread is 5 too. I've been with 2 brokers and both had the same spread on everything.Ignored
DislikedBased on the candles leaning mostly to the intraday short side as you pointed out, Bo would call this one a scalp swing long, which is how I got myself into this one and now I'm just seeing what happens. I thought I was going to be knocked out for break even at first.Ignored
DislikedI didn't take this trade personally because of the close of the 17:00 candle of yesterday below the short fib but it looks to be working out for you!!Ignored
DislikedHi Bo,
the reason why your fib missed the target with some pips is that you have started your fib from the previous fib cycle (the last bar of it). So the measure is actually a combination of two fib cycles, which produces slightly false output. If you start the fib from next bar, the target will be met to the pip.
Studied fibs a couple of days now and came to conclusion that it is important to identify fib cycles. If you are able to do that it gives you very accurate results.
Thanks for a nice thread.
hi roc...good to see u! could you give alink to what u were reading about fibs thanks in advanceIgnored
Dislikedwhat pivot tools and fib tools are u using shootist? look interestingIgnored
DislikedBo thanks for you charts...can you do me a favor that would really help me out...would you mind telling me what particular candle and aproximate price when you entered on your charts...or in the case of the trade you missed where you would have entered on the first trade missed...I would really help me out to understand exactly where you entered the trades...or would have entered the trade..I just want to make sure
thanks
Greg DIgnored
DislikedHi Bo,
the reason why your fib missed the target with some pips is that you have started your fib from the previous fib cycle (the last bar of it). So the measure is actually a combination of two fib cycles, which produces slightly false output. If you start the fib from next bar, the target will be met to the pip.
Studied fibs a couple of days now and came to conclusion that it is important to identify fib cycles. If you are able to do that it gives you very accurate results.
Thanks for a nice thread.
RIgnored
DislikedJust thought I would post this chart showing the larger 4hr time frame. We have come back to the .382 "short" of the range fib (Bo, have I got the range fib correct?) and have reached the top of a down channel (subjective).
For me this says price should find it hard to move higher as there may way be plenty of sellers at this point. Could be a good shorting area. I guess the daily fibs will gives us our entry.
Any thoughts?Ignored
DislikedAnd looking at it now, all those candles of chaos were trapped in the intraday trade zone (Haven't used that terminology since around page 40 of this thread) and the successful long occurred not only on swing long scalp but on the break out of the intraday long level, so maybe it would be considered a normal valid intraday long trade, executed with the swing.
All I know is despite all my hesitations on taking this one, I heard Bo in my head saying (while chewing a piece of straw) "Don't worry, once it breaks out of the swing high it will most likely go on to at least T1, and even if all this craziness is news related, all that means is the process will be sped up. Support and Resistance either hold or they don't...have another glass...."Ignored
DislikedYes its a valid long entry meant to test 1.9718 for the 3rd time now, im thinkin they will break it this time. If they break it I will be looking for 1.9750/1.9770. If they fail again look for the same ole same ole of the past few days.Ignored