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  • #2,241
  • Feb 14, 2008 5:13am Feb 14, 2008 5:13am
Quoting Mukesh
Ok, I understand. Can you please tell me (or post) which is
the latest template being used.

Thanks.
Mukesh
My 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.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,242
  • Feb 14, 2008 5:41am Feb 14, 2008 5:41am
FWIW 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...?
Attached Image (click to enlarge)
Click to Enlarge Name: hrly fibs - 14th (1) feb 08.gif Size: 20 KB
  • #2,243
  • Feb 14, 2008 6:11am Feb 14, 2008 6:11am
Quoting ChowClown
FWIW 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...?

I started my demo today and earlier in the day made 42 pips,
could had made more had I not exited, it hit T1.
Anyways trying to understand how it goes.

Here's how my chart looks on M30, which is same as yours, so I guess
I am on the same page as everyone is. I will continue demo for a while
to get the hang of it. ... Thanks to Bo.

Mukesh
Attached Image (click to enlarge)
Click to Enlarge Name: sh_1038.gif Size: 14 KB
  • #2,244
  • Feb 14, 2008 6:14am Feb 14, 2008 6:14am
Quoting galaxymom
My 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.
If 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.
Mukesh
  • #2,245
  • Feb 14, 2008 6:22am Feb 14, 2008 6:22am
Quoting Mukesh
If 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.
Mukesh
First, if you apply the template to other pairs, you lose the fibs because of the difference in the price action.

To change the properties of fibs, lines, text, shapes, etc., you draw you fib or object, left click on it until the white boxes appear, then right click on it and a drop down menu will appear, select properties, and under levels you can change the color of the fib, you will see the Mt4 settings, you want to delete the 27 and 74 levels, add -.382 and -.618, in description, you need to add the label of the fib, Intraday, Swing, etc., then to the ones you added they are the targets 1 and 2 respectively as well as the 138 and the 162. if you want the price value you type a space and then %$ after each description. You should find all of this in the first few pages of the thread and the videos in post #1.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,246
  • Feb 14, 2008 6:39am Feb 14, 2008 6:39am
Quoting galaxymom
Here you go, Templates for GU, UJ, and GJ.
Thank you so much for templates & info on how draw fibs!
Infact I did start from post #1 but then jumped
to page 109 as it was highlighted there by Bo....and nothing with
regards to making of fibs mentioned on pages 109 onwards....
I think I will go through from beginning during the weekend.

Thanks.
Mukesh
  • #2,247
  • Feb 14, 2008 6:45am Feb 14, 2008 6:45am
Quoting galaxymom
Here you go, Templates for GU, UJ, and GJ.
GJ...just has too much action, what tf is best to trade of?

Thanks.
Mukesh
  • #2,248
  • Feb 14, 2008 7:08am Feb 14, 2008 7:08am
Quoting Mukesh
GJ...just has too much action, what tf is best to trade of?

Thanks.
Mukesh
Bo 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 Learning
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,249
  • Feb 14, 2008 7:20am Feb 14, 2008 7:20am
Quoting Mukesh
I 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.
Mukesh
you must rename the fibo with name "Up Fibo","Down Fibo","Retracement Fibo", or "Daily Fibo",
Success is the small sum of efforts, repeated day in and day out.
  • #2,250
  • Feb 14, 2008 8:02am Feb 14, 2008 8:02am
I 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!
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,251
  • Feb 14, 2008 8:19am Feb 14, 2008 8:19am
Your amazing, and fearless.
Quoting galaxymom
I 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!
  • #2,252
  • Feb 14, 2008 8:24am Feb 14, 2008 8:24am
So wait......are these just different lots on the same market move? For example, you wrote
GU 1.9605 - 1.9641 = 36
1.9575 - 1.9615 = 40
1.9597 - 1.9628 = 31

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?
Quoting galaxymom
I 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!
  • #2,253
  • Feb 14, 2008 8:28am Feb 14, 2008 8:28am
Quoting galaxymom
Here you go, Templates for GU, UJ, and GJ.
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.
  • #2,254
  • Feb 14, 2008 8:33am Feb 14, 2008 8:33am
Quoting galaxymom
I 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!
Are we good or what?
Anytime you need help,just gimmi a ring!
  • #2,255
  • Feb 14, 2008 9:35am Feb 14, 2008 9:35am
Quoting Jared
So 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?

Here'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.
Attached Image (click to enlarge)
Click to Enlarge Name: gu entry.gif Size: 23 KB
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,256
  • Feb 14, 2008 10:11am Feb 14, 2008 10:11am
Yup you definitely have to go through the ENTIRE THREAD. I've been reading this like mad, making notes as I read the thread. I reread if I don't understand and I think you could say I'm definitely getting better. I started when this thread was in the 140s but have since gone back and read until the 50s the past 1 wk or so.

Quoting galaxymom
Bo 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 Learning
Heres my template. I don't know if its 100% correct but you can just tweak it for your own use.

Quote
Originally 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.
Attached File(s)
File Type: tpl gu.tpl   7 KB | 467 downloads
  • #2,257
  • Feb 14, 2008 10:13am Feb 14, 2008 10:13am
Quoting galaxymom
Here'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.
I 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.
  • #2,258
  • Edited 10:31am Feb 14, 2008 10:29am | Edited 10:31am
Quoting Jared
I 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.
Right, I closed the first at the Retracement Pivot, the 2nd at the Leg long Fib level and the 3rd at the Intraday High level, just short of each for error and spread.

Bo has said many times that the GJ is just a cross of the GU and UJ, and you can find different ones that give the formula as to how each of those effects GJ's movement. I put it in the middle, I do draw the Trend and Retrace Fibs and the Intraday and the Swing, it helps me visually to monitor what's happening, but you do not need to fib GJ.

The other thing is I seldom use stops unless I can't monitor it, more of that Fearless thing. LOL I have always used large S/L or trailing stops if I do.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,259
  • Feb 14, 2008 10:37am Feb 14, 2008 10:37am
Quoting Jared
I 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.

There ya go, GBP/Yen isnt a major pair currency to its own Its a cross pair. Its the value of the GBP/USD vs USD/Yen
or GBP/USD x USD/Yen, the value of it is detirmined by the 2 major pairs that make it up and the reason it doenst always match up to fibs.
Same way Euro/Yen is the value of Euro/USD x USD/Yen....same thing
  • #2,260
  • Feb 14, 2008 11:53am Feb 14, 2008 11:53am
Have you a actualy Template with GJ and GU?And can you help me with the Fibo Autobox Indicator, who are setting the file?To the MQ Expert/Indicatorsfolder?
Thanks, and best regards
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