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Fibonacci Trading with Bobokus

  • #2,161
  • Feb 7, 2008 10:23pm Feb 7, 2008 10:23pm
It's been hammering up against 1.9446 for 4 hours.

Ideas?
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #2,162
  • Feb 7, 2008 11:11pm Feb 7, 2008 11:11pm
Quoting Thexder
It's been hammering up against 1.9446 for 4 hours.

Ideas?
I'm waiting for the London open and trading the break of the range, then following it with fibs.
  • #2,163
  • Feb 7, 2008 11:23pm Feb 7, 2008 11:23pm
Quoting Jared
I'm waiting for the London open and trading the break of the range, then following it with fibs.
Sounds like I'm talking to myself. I hope we're right.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #2,164
  • Feb 7, 2008 11:44pm Feb 7, 2008 11:44pm
Quoting dieselpower
No offense, but your charts are really busy.

I would like to know how to keep track of what is what on your charts?
Color Coding
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,165
  • Feb 8, 2008 2:52am Feb 8, 2008 2:52am
This is nuts. I really know the system to be successful in forex. It is called "Follow your rules and you'll get your money".
  • #2,166
  • Feb 8, 2008 2:56am Feb 8, 2008 2:56am
Quoting Zelenin
This is nuts. I really know the system to be successful in forex. It is called "Follow your rules and you'll get your money".

what are your rules zelenin
  • #2,167
  • Feb 8, 2008 3:12am Feb 8, 2008 3:12am
Quoting joypips
what are your rules zelenin
Here are my rules

1) no drinking before 10 am
2) okay, only one drink but not before 9:30
3) Don't eat yellow snow
4) Don't pick bottoms cause you'll end up with stinky fingers
5) Risk management, Money management I should hire a manager
6) I almost forgot, I'm a rebel I don't live by rules.
7) When in doubt break rule 1.
Just Trade It
  • #2,168
  • Feb 8, 2008 3:16am Feb 8, 2008 3:16am
Quoting joypips
what are your rules zelenin
I trade MA cross and now with fibs I just changed my SL and profit targets, as they seem to be more "natural" to price action than my "lets take profit ... mmm... here. Aaaand i'll be stopped.... say.... over here"
  • #2,169
  • Feb 8, 2008 4:22am Feb 8, 2008 4:22am
do not open this blog guys. Waste of time. Just pop-ups / spam.
  • #2,170
  • Feb 8, 2008 4:27am Feb 8, 2008 4:27am
I sent a cleanup report
Just Trade It
  • #2,171
  • Edited 5:43am Feb 8, 2008 4:29am | Edited 5:43am
Am I correct with my analysis (see attachment H1) ... price broke swing fib high at 1.9452 (arrow) coming from inside the retacement zone (never opening/closing in the zone itself ... sign of upward momentum). Shot through T1 en gave 40 pips at T2 (mark) ...

What added to confidence was that T1 and T2 were situated in intraday retracement zone (coloured block) .... I presume that is where price wants to go to find serenity (I love John Denver)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_mth.gif Size: 19 KB
  • #2,172
  • Feb 8, 2008 4:40am Feb 8, 2008 4:40am
Quoting Big Wave Rider
Here are my rules

1) no drinking before 10 am
2) okay, only one drink but not before 9:30
3) Don't eat yellow snow
4) Don't pick bottoms cause you'll end up with stinky fingers
5) Risk management, Money management I should hire a manager
6) I almost forgot, I'm a rebel I don't live by rules.
7) When in doubt break rule 1.
what is snow yellow or otherwise sounds awful
i prefer sunshine and heat much more favourable for concentrating on bo's fibs. i'm a rebel too but only drink after 5.00pm aussie time

bo rules!!!!!
  • #2,173
  • Feb 8, 2008 5:50am Feb 8, 2008 5:50am
Thanks very much for taking your time to educate us. We inexperienced traders have learnt a lot from your techniques particularly fibo.

Ken
  • #2,174
  • Feb 8, 2008 6:57am Feb 8, 2008 6:57am
Quoting joypips
i'm a rebel too but only drink after 5.00pm aussie time

bo rules!!!!!
It's always 5:00 p.m somewhere
Just Trade It
  • #2,175
  • Feb 8, 2008 7:18am Feb 8, 2008 7:18am
Quoting bergwagter
Am I correct with my analysis (see attachment H1) ... price broke swing fib high at 1.9452 (arrow) coming from inside the retacement zone (never opening/closing in the zone itself ... sign of upward momentum). Shot through T1 en gave 40 pips at T2 (mark) ...

What added to confidence was that T1 and T2 were situated in intraday retracement zone (coloured block) .... I presume that is where price wants to go to find serenity (I love John Denver)

That would be correct, if price is rejected from the Intraday levels now just pull your swing to the point it gets rejected and the support levels from it will tell you if price can continue down or if price bounces from the levels of the Swing back to the Intraday levels...ranging
  • #2,176
  • Feb 8, 2008 8:53am Feb 8, 2008 8:53am
Hey Bo,

Can you tell me if this is right.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Feb. 08 07.50.gif Size: 22 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #2,177
  • Feb 8, 2008 9:08am Feb 8, 2008 9:08am
Quoting AZ-Heat
Hey Bo,

Can you tell me if this is right.
To me the short entry is 2 candle back from where your arrow is. The swing across the movement from the last high to the low of yesterday is just showing if price can continue down by breaking those levels, if they hold and price action shows price bouncing I would close the short and take what ive got, then wait for the next opportunity.
  • #2,178
  • Feb 8, 2008 9:40am Feb 8, 2008 9:40am
Quoting Bobokus
To me the short entry is 2 candle back from where your arrow is. The swing across the movement from the last high to the low of yesterday is just showing if price can continue down by breaking those levels, if they hold and price action shows price bouncing I would close the short and take what ive got, then wait for the next opportunity.

Like this?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Feb. 08 08.38.gif Size: 24 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #2,179
  • Feb 8, 2008 9:50am Feb 8, 2008 9:50am
Quoting AZ-Heat
Like this?

Correct, The candle opening after the one your arrow is pointing to is the entry.
  • #2,180
  • Feb 8, 2008 9:57am Feb 8, 2008 9:57am
Quoting Bobokus
Correct, The candle opening after the one your arrow is pointing to is the entry.
OK Thank You Bo,

I'm hoping I understand this, there more to learn!!!
I will probably ask more later.

Thanks again,

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
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