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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I dont use the autobox indicator, personally i draw the boxes manually with the rectangle tool on the MT4 platform. Ill set up a template for ya though and post here in a few.
I dont use the autobox indicator, personally i draw the boxes manually with the rectangle tool on the MT4 platform. Ill set up a template for ya though and post here in a few.
Hey Bo, thanks for posting the templates. One question though, do you look at the pairs other than the Cable using the 4H tf? Because all of the templates appeared in the H4 tf. Is this cos the pairs are more volatile?
Hey Bo, thanks for posting the templates. One question though, do you look at the pairs other than the Cable using the 4H tf? Because all of the templates appeared in the H4 tf.
Thanks in advance.
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I look at the 4 hour but I trade from the 1 hour timeframe, dont know why they came up as 4 hour.
I look at the 4 hour but I trade from the 1 hour timeframe, dont know why they came up as 4 hour.
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Oh ok. I think one of them came up as daily. However, you view the charts in 4H, so your intraday and longer term fibs follow the 4H? Especially since the intraday for the 4H is the "intraweek fib".
Oh ok. I think one of them came up as daily. However, you view the charts in 4H, so your intraday and longer term fibs follow the 4H? Especially since the intraday for the 4H is the "intraweek fib".
Do you then draw your swing fibs on the 1H?
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The Uptrend,Downtrend and Retracement fibs are Daily fibs.,The Intraday and Swing fibs are drawn on the 1 hour timeframe that I trade from, I only switch the chart sometimes to a 4 hour to check the 4 hour waveforms.
It feels good to be back @ FF again. Long time ago was the last post I made here. Since then i have had great results last year but I guess something has just gone wrong because the best i can do is to breakeven.
I was considering talking online trading courses, blah... blah..., but i just had the chance to look the approach of this trading courses and are based on MM, some S&R, etc... but Fibonacci were only used as a "general" tool.
I have been developing an strategy using tick charts and ONLY Fibos... so my dilemma is: Should i just focus on Fibs... or do complimentary studies using other things?
Something inside tells me that Fibonaccis and the WAY u use them are the "Holly Grail"; not in the traditional way of course, because in NO WAY u could automatize the computer to CHOOSE THE RIGHT FIBS! but... i am completely sure that if u draw always the right ones, there would be NO losses at all! (at least theoretically).
No, I am not a newbie here... and yes... less and less I rely in other things more than Fibs...
A question to this honourable thread:
"Should I give a shot to learn TONS of things about indicators and stuff?"
OR
"Should I ONLY focus on Fibs and try to gather all info about HOW TO USE THEM?"
I mean it... when i say i FEEL deep inside i dont need anything else... i am serious...
It feels good to be back @ FF again. Long time ago was the last post I made here. Since then i have had great results last year but I guess something has just gone wrong because the best i can do is to breakeven.
I was considering talking online trading courses, blah... blah..., but i just had the chance to look the approach of this trading courses and are based on MM, some S&R, etc... but Fibonacci were only used as a "general" tool.
I have been developing an strategy using tick charts and ONLY Fibos... so my dilemma is: Should i just focus on Fibs... or do complimentary studies using other things?
Something inside tells me that Fibonaccis and the WAY u use them are the "Holly Grail"; not in the traditional way of course, because in NO WAY u could automatize the computer to CHOOSE THE RIGHT FIBS! but... i am completely sure that if u draw always the right ones, there would be NO losses at all! (at least theoretically).
No, I am not a newbie here... and yes... less and less I rely in other things more than Fibs...
A question to this honourable thread:
"Should I give a shot to learn TONS of things about indicators and stuff?"
OR
"Should I ONLY focus on Fibs and try to gather all info about HOW TO USE THEM?"
I mean it... when i say i FEEL deep inside i dont need anything else... i am serious...
Thanks for ur help people.
Good trading to all.
iiivb
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There really is no way to escape losses they are simply part of the game, fibs arent the holy grail either or the way I use them..."I wish they were", I have losses just like everyone else. Fibs can help trade in a support and resistance sense of trading the market that you can be successful at though. There is nothing wrong with using indicators, its the application of indicators that dont fit into the trading style of each trader. I would keep indicators to a minimum as too many and they will conflict. Me personally i wont trade anything less than the 1 hour timeframe, the best way to describe my personal style is I trade the Daily fibs from the 1 hour timeframe with the Intraday and Swing fib.
Hi Bo,
I know, I know, I'm supposed to go to page 109, and start there...but Mom says I need to read the whole thread to understand what I need to do....So far she's been right on! Anyway, I was going to do the exercise you suggested in post #59. I've been following along on this thread all day. My chart has been the GBPJPY, so I have all these special fibs drawn on this chart. Is there a way to make them my defaults, or do I need to re build them on every chart. Your exercise calls for the GBPUSD Chart.
Thanks,
ppm
Hi Bo,
I know, I know, I'm supposed to go to page 109, and start there...but Mom says I need to read the whole thread to understand what I need to do....So far she's been right on! Anyway, I was going to do the exercise you suggested in post #59. I've been following along on this thread all day. My chart has been the GBPJPY, so I have all these special fibs drawn on this chart. Is there a way to make them my defaults, or do I need to re build them on every chart. Your exercise calls for the GBPUSD Chart.
Thanks,
ppm
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I just save a template with all the fibs on it, and just transfer them 1 at a time to another chart or pair...ie each time you view the properties(levels)of a fib it becomes the default. View ones properties(levels) and move it, then view the properties (levels) of another to make it the default and move it...repeating the process until you move all you plan to move or transfer to another chart.
There really is no way to escape losses they are simply part of the game, fibs arent the holy grail either or the way I use them..."I wish they were", I have losses just like everyone else. Fibs can help trade in a support and resistance sense of trading the market that you can be successful at though. There is nothing wrong with using indicators, its the application of indicators that dont fit into the trading style of each trader. I would keep indicators to a minimum as too many and they will conflict. Me personally i wont trade anything less than the 1 hour timeframe, the best way to describe my personal style is I trade the Daily fibs from the 1 hour timeframe with the Intraday and Swing fib.
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Bobokus,
Thank you for talking the time to reply. I am thankful for ur insight.
Hi Bo,
I know, I know, I'm supposed to go to page 109, and start there...but Mom says I need to read the whole thread to understand what I need to do....So far she's been right on! Anyway, I was going to do the exercise you suggested in post #59. I've been following along on this thread all day. My chart has been the GBPJPY, so I have all these special fibs drawn on this chart. Is there a way to make them my defaults, or do I need to re build them on every chart. Your exercise calls for the GBPUSD Chart.
Thanks,
ppm
Ignored
If you look for my posts in the thread, you will see a script I posted that will allow you to easily put the various fibs on your chart. It allows you to choose the colors and names easily and will do some preliminary placement for you, though you will need to adjust them manually once they are on your chart. It's a timesaver tool.
Or maybe you can just look at the attachments. It's called MT4-Bobokus-Fibos.mq4. My post has the explanation for it though.
Thank you Bo and everyone...I sure am going to read from the
beginning. So far on a few demo trades have been successful, this
may not be the holy grail, but sure helps placing/exit trades at the
right spots.
Fibonacci Trading with Bobokus
