Mom
"To conquer fear is the beginning of wisdom." – Bertrand Russell
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
fibonacci trading log 2 replies
Need help Bobokus Fibo template 1 reply
Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
DislikedOk, I understand. Can you please tell me (or post) which is
the latest template being used.
Thanks.
MukeshIgnored
DislikedFWIW here's what i'm currently watching (albeit using the 15min). Cleaner now, since the confluence of T1 hits (from active swings from the last few days) were delivered earlier in the session.
Closed a decent bag of pips from yesterday's longs at the T1s earlier, so taking BO's advice and will wait patiently now for the US news later, before trading again. Today's swing so far looks tempting (for longs) but i want to see a deeper dip before buying again. I'm guessing yesterday's resistance needs to be tested and switched to support before the next leg up.
EDIT: Tried what you suggested MPP, hasn't made much difference has it...?Ignored
DislikedMy suggestion is to go to the Paper Clip Icon, and go to the Attachments and look for the tmpl file there. Honestly, I don't use the template because I wanted to understand how to draw the fibs, label them, and then I know what is on my chart.Ignored
DislikedIf you don't use the template, how do you draw the fibs and label
them? I would like to learn that.
BTW, how do I use the template on other pairs?
Thanks.
MukeshIgnored
DislikedGJ...just has too much action, what tf is best to trade of?
Thanks.
MukeshIgnored
DislikedI dowloaded Fibo Autobox from an earlier post and put on gbp chart...
but don't see anything? someone please help, how do I make it work.
Thanks.
MukeshIgnored
DislikedI started trading again this week, demo for now. I thought I would post my trades here.
Tues/Wed After looking at where price was in relation to the Retracement Fib levels on the Daily chart, I was biased toward price going long. I decided to buy the dips on the 3 "sister pairs", GU, UJ, and GJ. I decided to close out the trades as price climbed and stalled at the different fib levels, better to bank, than take a chance of a reversal and loss.
entered - exit
GJ 210.51 - 211.00 = 49 pips
210.05 - 210.55 = 50
209.54 - 210.10 = 56
211.19 - 211.24 = 5
GU 1.9605 - 1.9641 = 36
1.9575 - 1.9615 = 40
1.9597 - 1.9628 = 31
UJ 107.43 - 107.60 = 17
107.19 - 107.45 = 26
107.05 - 107.60 = 55 for a total of 365 pips
For Wed/Thrus, I felt more cautious about the price action. I entered on GU and GJ for 2 buys on dips and one on UJ. Before FO, hubby decided he wanted to go out, so I set a very conservative TP for the 2 open GU positions just short of the Retracement Pivot, and set pending orders for GU with 5 lots just above the Retracement Pivot and a tp at the Intraday high, and and like wise Intraday High TPs for the GJ and UJ.
When I came home the GU positions had closed for a total of 105 pips, GJ closed with 121 pips and UJ was still open and retracing so I closed with 8 pips. I opened another 5 lot GU Long position to the Retracement Long fib line since it had come close and retraced, and I felt sure there was enough gas left to pierce it, and took a nap, for another 5 lots x 12 for another 60 pips Total for today = 294 pips.
This is so cool!! Awesome!! Thank you so much Bo!Ignored
DislikedI started trading again this week, demo for now. I thought I would post my trades here.
Tues/Wed After looking at where price was in relation to the Retracement Fib levels on the Daily chart, I was biased toward price going long. I decided to buy the dips on the 3 "sister pairs", GU, UJ, and GJ. I decided to close out the trades as price climbed and stalled at the different fib levels, better to bank, than take a chance of a reversal and loss.
entered - exit
GJ 210.51 - 211.00 = 49 pips
210.05 - 210.55 = 50
209.54 - 210.10 = 56
211.19 - 211.24 = 5
GU 1.9605 - 1.9641 = 36
1.9575 - 1.9615 = 40
1.9597 - 1.9628 = 31
UJ 107.43 - 107.60 = 17
107.19 - 107.45 = 26
107.05 - 107.60 = 55 for a total of 365 pips
For Wed/Thrus, I felt more cautious about the price action. I entered on GU and GJ for 2 buys on dips and one on UJ. Before FO, hubby decided he wanted to go out, so I set a very conservative TP for the 2 open GU positions just short of the Retracement Pivot, and set pending orders for GU with 5 lots just above the Retracement Pivot and a tp at the Intraday high, and and like wise Intraday High TPs for the GJ and UJ.
When I came home the GU positions had closed for a total of 105 pips, GJ closed with 121 pips and UJ was still open and retracing so I closed with 8 pips. I opened another 5 lot GU Long position to the Retracement Long fib line since it had come close and retraced, and I felt sure there was enough gas left to pierce it, and took a nap, for another 5 lots x 12 for another 60 pips Total for today = 294 pips.
This is so cool!! Awesome!! Thank you so much Bo!Ignored
DislikedI started trading again this week, demo for now. I thought I would post my trades here.
Tues/Wed After looking at where price was in relation to the Retracement Fib levels on the Daily chart, I was biased toward price going long. I decided to buy the dips on the 3 "sister pairs", GU, UJ, and GJ. I decided to close out the trades as price climbed and stalled at the different fib levels, better to bank, than take a chance of a reversal and loss.
entered - exit
GJ 210.51 - 211.00 = 49 pips
210.05 - 210.55 = 50
209.54 - 210.10 = 56
211.19 - 211.24 = 5
GU 1.9605 - 1.9641 = 36
1.9575 - 1.9615 = 40
1.9597 - 1.9628 = 31
UJ 107.43 - 107.60 = 17
107.19 - 107.45 = 26
107.05 - 107.60 = 55 for a total of 365 pips
For Wed/Thrus, I felt more cautious about the price action. I entered on GU and GJ for 2 buys on dips and one on UJ. Before FO, hubby decided he wanted to go out, so I set a very conservative TP for the 2 open GU positions just short of the Retracement Pivot, and set pending orders for GU with 5 lots just above the Retracement Pivot and a tp at the Intraday high, and and like wise Intraday High TPs for the GJ and UJ.
When I came home the GU positions had closed for a total of 105 pips, GJ closed with 121 pips and UJ was still open and retracing so I closed with 8 pips. I opened another 5 lot GU Long position to the Retracement Long fib line since it had come close and retraced, and I felt sure there was enough gas left to pierce it, and took a nap, for another 5 lots x 12 for another 60 pips Total for today = 294 pips.
This is so cool!! Awesome!! Thank you so much Bo!Ignored
DislikedSo wait......are these just different lots on the same market move? For example, you wrote
GU 1.9605 - 1.9641 = 36 @ 00:04
1.9575 - 1.9615 = 40 @ 12:21
1.9597 - 1.9628 = 31 @ 06:42
What time were these taken? I am just trying to follow along and see how aggressive your entries are, since you are fearless and all. Could you post a chart or two?Ignored
DislikedBo trades on the H1 tf, and I have found it to be the best over my trading experience, as well. I know Bo says to skip, but there is soooooo much wonderful information on trading in the first 40 or 50 pages, you would be missing a wealth of information for a very wise, experienced trader who is sharing so generously. My advise is: don't short change yourself by skipping or rushing through the material or the exercises. The pips will be there when you get through it and understand it.
Best Wishes, and Happy LearningIgnored
QuoteDislikedOriginally Posted by Mukesh http://www.forexfactory.com/images/buttons/viewpost.gif
Thank you galaxymom your templates for gbp/jpy and usd/jpy are working fine but when i apply gbp/usd template apart from RSI STOCHASTICS window nothing comes on chart except the live candles in magenta and maroon colour.Do i need to download any indicator in my custom indicators folder?Please help.Thank you.
DislikedHere's the entry's on a chart, with approximate candles marked for GU.
I posted the times above, I use fxdd and I believe times are GMT+2. The trading day changes at 4pm CST.
Hope this helps.Ignored
DislikedI see. You scaled in and waited for the market to move up and then scaled out. Where did you place your stops, below the short fib or pivot fib?
Personally I have had a rough week due to both platform problems and stops placed to close and getting whipsawed. I'm not using a demo acct either. I am going back to do some major vhands testing the next few days.
I like your idea of using the 3 sister pairs. I have had a hard time applying fibs to GBP/JPY, but now that you said that I am going to test fibs more on USD/JPY. If I can do proper analysis with fibs on GBP/USD and USD/JPY then I can probably tell where GBP/JPY is going to go, even without using fibs on it.Ignored
DislikedI see. You scaled in and waited for the market to move up and then scaled out. Where did you place your stops, below the short fib or pivot fib?
Personally I have had a rough week due to both platform problems and stops placed to close and getting whipsawed. I'm not using a demo acct either. I am going back to do some major vhands testing the next few days.
I like your idea of using the 3 sister pairs. I have had a hard time applying fibs to GBP/JPY, but now that you said that I am going to test fibs more on USD/JPY. If I can do proper analysis with fibs on GBP/USD and USD/JPY then I can probably tell where GBP/JPY is going to go, even without using fibs on it.Ignored