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  • #1,561
  • Jan 17, 2008 9:36am Jan 17, 2008 9:36am
Quoting Thexder
Only problem is now I've been up all night so often that it's 10:30am my time, and I'm overtired so I'll probably be awake like a zombie all day and sleep through Asia. I hope I wake up in time for London Calling.
Turn off the computer, find a comfortable spot and watch something boring on tv like Bloomberg youll be out in no time,
  • #1,562
  • Jan 17, 2008 10:33am Jan 17, 2008 10:33am
Heya Bo and all

Quick question for you Bo. Do you usualy put your longer TF fibs on swing of bars or single bar? (ex: High-low of multiple days/weeks or Previous single day/week candle)

also, wouldn't it be fun if we could all gather up in a live chatroom like Paltalk or something? Bo's could be the only one with voice right so we keep the confusion minimal. It Would be amazing. Just throwing ideas....

Maxwells

P.S: Bo, keep example up, learning alot from them. Tks again.

Edit: trying to fix typo since english is not my main language.
  • #1,563
  • Jan 17, 2008 11:01am Jan 17, 2008 11:01am
Quoting maxwells
Heya Bo and all

Quick question for you Bo. Do you usualy put your longer TF fibs on swing of bars or single bar? (ex: High-low of multiple days/weeks or Previous single day/week candle)

also, wouldn't it be fun if we could all gather up in a live chatroom like Paltalk or something? Bo's could be the only one with voice right so we keep the confusion minimal. It Would be amazing. Just throwing ideas....

Maxwells

P.S: Bo, keep example up, learning alot from them. Tks again.

Edit: trying to fix typo since english is not my main language.
I use a combination of fibs placed on specific times like you mentioned, where i will open a monthly chart and pull one on the last months candle, switch it to a weekly chart and draw one on the previous weeks candle, then switch it a daily chart to watch those, i dont trade those as much as I do the fibs placed on price.
The fibs placed on price i start with a daily, you see me reference to those as the uptrend fib, the downtrend fib and the retracement fib, after placing those i switch it to a 1 hour chart and trade the Intraday and swing fibs inside of those daily fibs.
  • #1,564
  • Jan 17, 2008 11:15am Jan 17, 2008 11:15am
man.. wats ur next target...???
  • #1,565
  • Jan 17, 2008 11:27am Jan 17, 2008 11:27am
Quoting bhesania
man.. wats ur next target...???
Done for the day, just have to wait now for everything to reset itself and look for another opportunity then, most likely the London session tonight.
If the levels of todays Intraday fib hold then we will be looking to buy the bounce.
  • #1,566
  • Jan 17, 2008 11:32am Jan 17, 2008 11:32am
Quoting Bobokus
I use a combination of fibs placed on specific times like you mentioned, where i will open a monthly chart and pull one on the last months candle, switch it to a weekly chart and draw one on the previous weeks candle, then switch it a daily chart to watch those, i dont trade those as much as I do the fibs placed on price.
The fibs placed on price i start with a daily, you see me reference to those as the uptrend fib, the downtrend fib and the retracement fib, after placing those i switch it to a 1 hour chart and trade the Intraday and swing fibs inside of those daily fibs.

so the monthly weekly is just to get the outside range?

also what is a fib based on price?

can u show a chart? or each chart?

thanks for everything


big fan

d
  • #1,567
  • Jan 17, 2008 11:34am Jan 17, 2008 11:34am
man i am short from 1.9600.. do u see this level comin back ...??
  • #1,568
  • Jan 17, 2008 12:01pm Jan 17, 2008 12:01pm
Quoting dagoods
so the monthly weekly is just to get the outside range?

also what is a fib based on price?

can u show a chart? or each chart?

thanks for everything


big fan

d
A fib based on price is a freehand drawn on just the waveforms themselves or swings, they can be drawn on a single swing or encompass several days or weeks of waveforms, The are what you see on my charts as the Uptrend fib, the Downtrend fib and sometimes the retracement fib. They are not drawn on a specific timeframe.They can be on price from anything to a single move in 1 day to several years.
A fib drawn tagged to a timeframe is drawn on say the high and low of a specific time ...like Dec 1st through Dec 31st that would be a monthly fib for December.
  • #1,569
  • Jan 17, 2008 12:04pm Jan 17, 2008 12:04pm
Quoting bhesania
man i am short from 1.9600.. do u see this level comin back ...??
Only if price falls below 1.9675 today does it have a chance, even then there is support below price now and it would have to work its way down.
  • #1,570
  • Jan 17, 2008 12:53pm Jan 17, 2008 12:53pm
Hi Bo

I was wondering of you would be able to expand on this a little more please.

Post 1519
When you see price break the low or high and it fails to reach the T1 level its the same sign of a slowdown in momentum and possible reversal.

Thank you
  • #1,571
  • Jan 17, 2008 1:11pm Jan 17, 2008 1:11pm
Quoting Forex It
Hi Bo

I was wondering of you would be able to expand on this a little more please.

Post 1519
When you see price break the low or high and it fails to reach the T1 level its the same sign of a slowdown in momentum and possible reversal.

Thank you
Heres 2 examples of the more obvious ones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp1.gif Size: 19 KB
Click to Enlarge Name: gbp2.gif Size: 15 KB
  • #1,572
  • Jan 17, 2008 1:39pm Jan 17, 2008 1:39pm
Hello again Bo

After reading this post 1519 last night price punctured my daily fib low and I put in a buy order and price retraced to the T1 target and has now punctured it.

Now should I be looking for a retrace back toward my daily low area or should I be looking to go to T2 area.

Thank you
  • #1,573
  • Jan 17, 2008 1:46pm Jan 17, 2008 1:46pm
Hey Bo,

So in a case like today we got a close/open below the short entry but it retreated right back to the pivot on the next candle you where still looking for the long since it did that and didnt stay short, correct?

Thanks
Shootist - Have Pip Shooters Will Travel
  • #1,574
  • Jan 17, 2008 1:48pm Jan 17, 2008 1:48pm
Quoting Forex It
Hello again Bo

After reading this post 1519 last night price punctured my daily fib low and I put in a buy order and price retraced to the T1 target and has now punctured it.

Now should I be looking for a retrace back toward my daily low area or should I be looking to go to T2 area.

Thank you
Show me where youve got the fib drawn at I can tell better from that.
  • #1,575
  • Jan 17, 2008 2:01pm Jan 17, 2008 2:01pm
Quoting Shootist
Hey Bo,

So in a case like today we got a close/open below the short entry but it retreated right back to the pivot on the next candle you where still looking for the long since it did that and didnt stay short, correct?

Thanks
What im looking at is if the Intraday levels of today hold up and support price an opening below 1.9675 is the cutoff i think, It may be ok if the Daily close today is above that, the reasoning is if price can be maintained above the Intraday levels we can start looking to buy dips and see price try to continue up. If they cannot hold or support price we will keep ranging and have to stick with scalping.
The other thing to watch are the levels of the Retracment fib pulled from the low of jan 11th its levels must be kept intact or hold in order for the retracement to continue up as well. They are the bigger picture vs viewing the market Intraday.
Attached Image (click to enlarge)
Click to Enlarge Name: retracement.gif Size: 26 KB
  • #1,576
  • Jan 17, 2008 2:27pm Jan 17, 2008 2:27pm
Quoting Bobokus
Show me where youve got the fib drawn at I can tell better from that.
Please forgive me Bo the grand baby called and wanted feed when I got back I mixed up the charts GBP/USD and EUR/USD.

But still I think by what I see from your chart this would be right once this happened then I should follow with the 4hr chart and so on.

Sorry i can't figure out how to upload chart yet. Sorry for my confusion.

Thank you
  • #1,577
  • Jan 17, 2008 2:39pm Jan 17, 2008 2:39pm
Quoting Forex It
Please forgive me Bo the grand baby called and wanted feed when I got back I mixed up the charts GBP/USD and EUR/USD.

But still I think by what I see from your chart this would be right once this happened then I should follow with the 4hr chart and so on.

Sorry i can't figure out how to upload chart yet. Sorry for my confusion.

Thank you
I understand, its no problem
To upload a chart first save it as a picture, then when you are making a post, scroll down below where you type the text and you'll see a button Manage Attachments, click on that then in one of the spots at the top, click browse then look for your picture in the platforms ,templates folder and just double click on it, when back at the post window click upload and once its uploaded it will post with the text.
  • #1,578
  • Edited 4:42pm Jan 17, 2008 3:50pm | Edited 4:42pm
Quoting Bobokus
I understand, its no problem
To upload a chart first save it as a picture, then when you are making a post, scroll down below where you type the text and you'll see a button Manage Attachments, click on that then in one of the spots at the top, click browse then look for your picture in the platforms ,templates folder and just double click on it, when back at the post window click upload and once its uploaded it will post with the text.
Thanks Bo

Now I khow how to upload a chart.

Anyway this is the chart I was talking about. Please excuse my fibs I just figured out how to change the name on them but have not done so on this chart and also the extra extentions they are from my experiment with fibs past. they still seem to work the way I want them to so I left them on. maybe just hard to brake away from.

Back to what I was trying to say about this. I read post 1519 and then had seen the 1600 and 1700 candle and thought that this was what you were talking about and took a short it worked out and it has now punctured the 80.9 and has gone back up.

I have been using daily, 4hour, 1hour and a swing fib to follow along. Is this correct.

Thank you

Sorry for the long edit.





I think this is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: chsrt gbp.gif Size: 18 KB
  • #1,579
  • Jan 17, 2008 4:43pm Jan 17, 2008 4:43pm
Quoting Forex It
I think this is the chart
It looks as if youve got your fib on an individual hourly candle, to me its too small a timeframe to use the fib across 1 single candle. That works great on the monthly and weekly candles, but on the hourly thats out of my realm.
On the 1 hour timeframe i use the fibs across the swings during the day.
The Intraday usually across the span of the day.
  • #1,580
  • Jan 17, 2008 4:50pm Jan 17, 2008 4:50pm
Quoting Bobokus
A fib based on price is a freehand drawn on just the waveforms themselves or swings, they can be drawn on a single swing or encompass several days or weeks of waveforms, The are what you see on my charts as the Uptrend fib, the Downtrend fib and sometimes the retracement fib. They are not drawn on a specific timeframe.They can be on price from anything to a single move in 1 day to several years.
A fib drawn tagged to a timeframe is drawn on say the high and low of a specific time ...like Dec 1st through Dec 31st that would be a monthly fib for December.

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