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Fibonacci Trading with Bobokus

  • #2,401
  • Feb 19, 2008 9:50pm Feb 19, 2008 9:50pm
Quoting disr
Bo, just wanted to find out if the new intraday trade is solely within the confines of yesterday's trading range? Because you mentioned not moving the intraday fib, and if you do not move it, why?

Also, do u do many trades buy stop or sell stop b4 u go to sleep, leaving the stop loss and tp levels?

Thanks.
Im leaving my Intraday on Mondays move because we are still seeing the rejection from its Short level and I'm using my swing to measure or follow these movements through today.
Yes a majority of my trades are from buy and sell stop or limit orders because im getting too lazy to get up and trade it. During trending moves they will hit like clockwork but here lately the trending moves dont last but a few days and the transition periods from trending to ranging are where im picking up my losses, if I would get up and trade it I could most likely get my percentage back up some.
  • #2,402
  • Feb 20, 2008 12:53am Feb 20, 2008 12:53am
Quoting ChowClown
...hrly might close below today's intraday short fib. I'll be taking the short and holding overnight with a wide stop with targets between 410-20.
I am still holding my short from last night. It hasn't stopped out yet. Same target. I put the stop at the high of the range, a little wide yes, but considering price action it seemed the best place to put it. I hope we break out of this range at the London open.
  • #2,403
  • Feb 20, 2008 1:48am Feb 20, 2008 1:48am
Hey, is anyone up for creating a new thread just for fibonacci analysis? Instead of cluttering up Bo's thread, we could have a seperate thread specifically for real time analysis.

Personally I like posting my trading ideas and analysis in real time and getting feedback as I am trading. If I recognize a good trade, then it will benefit others by posting. If I post a bad trade setup, then others might see it and make a comment to help me (and everyone else) stay out of a risky trade, as well as better understand fibonacci setups.

I am not talking about blind trade calls, but real time analysis kind of like some of us have already been doing on this thread. We could have it in the discussion section.

Institutional traders have the benefit of working with a group of other traders and bouncing ideas off them. Retail forex traders like us don't have that luxury. It's harder trading completely alone. More heads are better than one.
Perhaps we could come close to that group setting by having a thread dedicated to real time analysis.

I won't do it unless others will participate. What does everybody think?

It will be specifically Bo's strategy of fibonacci and price action. No clutter from other trading systems.
  • #2,404
  • Feb 20, 2008 1:58am Feb 20, 2008 1:58am
I'd be up for this, Jared. I think it's a good idea. I feel more familiar now with the market fib map, just need to navigate it more accurately to make consistent money.

I'm about to leave home for the office now, so will catch up later this morning (i'm UK based).
  • #2,405
  • Feb 20, 2008 2:02am Feb 20, 2008 2:02am
Quoting Jared
Hey, is anyone up for creating a new thread just for fibonacci analysis? Instead of cluttering up Bo's thread, we could have a seperate thread specifically for real time analysis.

Personally I like posting my trading ideas and analysis in real time and getting feedback as I am trading. If I recognize a good trade, then it will benefit others by posting. If I post a bad trade setup, then others might see it and make a comment to help me (and everyone else) stay out of a risky trade, as well as better understand fibonacci setups.

I am not talking about blind trade calls, but real time analysis kind of like some of us have already been doing on this thread. We could have it in the discussion section.

Institutional traders have the benefit of working with a group of other traders and bouncing ideas off them. Retail forex traders like us don't have that luxury. It's harder trading completely alone. More heads are better than one.
Perhaps we could come close to that group setting by having a thread dedicated to real time analysis.

I won't do it unless others will participate. What does everybody think?

It will be specifically Bo's strategy of fibonacci and price action. No clutter from other trading systems.
I believe this would be a great idea!
Especially for the newer people like myselfs.
This can be a good opportunity to learn a few things.
  • #2,406
  • Feb 20, 2008 3:04am Feb 20, 2008 3:04am
Quoting Jared
Hey, is anyone up for creating a new thread just for fibonacci analysis? Instead of cluttering up Bo's thread, we could have a seperate thread specifically for real time analysis.

Personally I like posting my trading ideas and analysis in real time and getting feedback as I am trading. If I recognize a good trade, then it will benefit others by posting. If I post a bad trade setup, then others might see it and make a comment to help me (and everyone else) stay out of a risky trade, as well as better understand fibonacci setups.

I am not talking about blind trade calls, but real time analysis kind of like some of us have already been doing on this thread. We could have it in the discussion section.

Institutional traders have the benefit of working with a group of other traders and bouncing ideas off them. Retail forex traders like us don't have that luxury. It's harder trading completely alone. More heads are better than one.
Perhaps we could come close to that group setting by having a thread dedicated to real time analysis.

I won't do it unless others will participate. What does everybody think?

It will be specifically Bo's strategy of fibonacci and price action. No clutter from other trading systems.
Yes, that's a good idea, count me in.

Thanks.
Mukesh
  • #2,407
  • Feb 20, 2008 3:24am Feb 20, 2008 3:24am
Ok, it looks like a few are interested so I created it. It can be found here

http://www.forexfactory.com/showthread.php?t=71089

Hopefully more will want to participate and contribute.

I am not doing this to take away from Bo's thread, but just to keep his thread free of clutter so that people who want to learn his strategy don't have to sort through it all in order to understand the concepts he is trying to teach.

I think a lot of us can benefit from this new thread because the best way to master something is to apply it to real life. Let's apply Bo's strategies to live trades and discuss them!
  • #2,408
  • Feb 20, 2008 6:49am Feb 20, 2008 6:49am
Quoting Jared
Hey, is anyone up for creating a new thread just for fibonacci analysis? Instead of cluttering up Bo's thread, we could have a seperate thread specifically for real time analysis.

Personally I like posting my trading ideas and analysis in real time and getting feedback as I am trading. If I recognize a good trade, then it will benefit others by posting. If I post a bad trade setup, then others might see it and make a comment to help me (and everyone else) stay out of a risky trade, as well as better understand fibonacci setups.

I am not talking about blind trade calls, but real time analysis kind of like some of us have already been doing on this thread. We could have it in the discussion section.

Institutional traders have the benefit of working with a group of other traders and bouncing ideas off them. Retail forex traders like us don't have that luxury. It's harder trading completely alone. More heads are better than one.
Perhaps we could come close to that group setting by having a thread dedicated to real time analysis.

I won't do it unless others will participate. What does everybody think?

It will be specifically Bo's strategy of fibonacci and price action. No clutter from other trading systems.
I think its a good idea, I'll post in it as well. We could use it to post the projections for the next days trading for many different pairs where i cant really do that here without confusing those that are just learning fibs.
  • #2,409
  • Feb 20, 2008 6:58am Feb 20, 2008 6:58am
Quoting Jared
Hey, is anyone up for creating a new thread just for fibonacci analysis? Instead of cluttering up Bo's thread, we could have a seperate thread specifically for real time analysis.

Personally I like posting my trading ideas and analysis in real time and getting feedback as I am trading. If I recognize a good trade, then it will benefit others by posting. If I post a bad trade setup, then others might see it and make a comment to help me (and everyone else) stay out of a risky trade, as well as better understand fibonacci setups.

I am not talking about blind trade calls, but real time analysis kind of like some of us have already been doing on this thread. We could have it in the discussion section.

Institutional traders have the benefit of working with a group of other traders and bouncing ideas off them. Retail forex traders like us don't have that luxury. It's harder trading completely alone. More heads are better than one.
Perhaps we could come close to that group setting by having a thread dedicated to real time analysis.

I won't do it unless others will participate. What does everybody think?

It will be specifically Bo's strategy of fibonacci and price action. No clutter from other trading systems.
I like the idea, see you all there, as well.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,410
  • Edited 7:57am Feb 20, 2008 7:28am | Edited 7:57am
Sun/Mon GJ for 41 pips X 5 lots and GU 5 pips X 5 lots and went to bed.

Mon/Tues Asian session I had GU for 30 pips x 5 lots and went to bed.
London session GU 11 pips x 5 lots and UJ 10 pips X 5 lots

EDit: NY Session, GU 20 pips x 5 lots UJ 10 pips X 5 lots
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,411
  • Feb 20, 2008 7:35am Feb 20, 2008 7:35am
Quoting galaxymom
Sun/Mon GJ for 41 pips X 5 lots and GU 5 pips X 5 lots and went to bed.

Mon/Tues Asian session I had GU for 30 pips x 5 lots and went to bed.
London session GU 11 pips x 5 lots and UJ 10 pips X 5 lots

LOL, Knockin em out arnt cha !!
  • #2,412
  • Feb 20, 2008 7:39am Feb 20, 2008 7:39am
Quoting Bobokus
LOL, Knockin em out arnt cha !!
I am really enjoying taking these conservative tp's with the bigger lots and not watching trades for hours for the same number of pips or even less. Whole new way of trading for me.

Wouldn't know where price was going, etc, without all you have taught me, Thanks, Bo
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,413
  • Feb 20, 2008 7:45am Feb 20, 2008 7:45am
Quoting galaxymom
I am really enjoying taking these conservative tp's with the bigger lots and not watching trades for hours for the same number of pips or even less. Whole new way of trading for me.

Wouldn't know where price was going, etc, without all you have taught me, Thanks, Bo
Your welcome. Really it isnt me its you all I did was show you how to use the tools.
  • #2,414
  • Feb 20, 2008 8:55am Feb 20, 2008 8:55am
Quoting Bobokus
I think its a good idea, I'll post in it as well. We could use it to post the projections for the next days trading for many different pairs where i cant really do that here without confusing those that are just learning fibs.
That's the idea. It is geared toward those who already know the basics of your strategy. Since it is a different thread it makes it easier for newcomers to your thread so they don't have to sort through it all.
  • #2,415
  • Feb 20, 2008 8:59am Feb 20, 2008 8:59am
Quoting galaxymom
I like the idea, see you all there, as well.

Good to see you over there. I'm sure we can learn a lot from you. You caught on to Bo's strategy really quick. I am more of the slow, drill it into my head over and over type, but I'm getting there.

I have been following Bo's thread for months and have gotten pretty good at catching small moves and scalps, but still haven't fully caught on to trading the larger longer time frame moves completely. More practice and more VHands I guess.
  • #2,416
  • Feb 20, 2008 10:44am Feb 20, 2008 10:44am
galaxy mom are u trading the 1 hour TF
  • #2,417
  • Feb 20, 2008 12:49pm Feb 20, 2008 12:49pm
Quoting hharrington
galaxy mom are u trading the 1 hour TF
Yes.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,418
  • Feb 20, 2008 1:19pm Feb 20, 2008 1:19pm
Bo,
Kindly help me check this fib's that i just pulled on gu after the moves.Thanks for ur kind gesture.
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  • #2,419
  • Feb 20, 2008 1:53pm Feb 20, 2008 1:53pm
Quoting hiswords
Bo,
Kindly help me check this fib's that i just pulled on gu after the moves.Thanks for ur kind gesture.
Very close, Just place your Intraday where you have your Black Swing fib at, and we want to follow with the swing this move up now, like posted here.. By follow I mean continue to pull the high of the Swing up until its stops making highs and in the event this last push up here breaks the high of the Intraday remove the Swing and place the Intraday on the high and low of the day today.
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  • #2,420
  • Feb 20, 2008 2:42pm Feb 20, 2008 2:42pm
Hi,
anybody tried to walk down the decline of GBPUSD on 4h TF? It's really amazing. In parallel to my normal fib trading I will now try to focus on entries within the 4 hour Fib - Trading zone.

Properly this gives more reliable entries and is less time consuming.... we will see...

Has anybody already tried that? Thanks for any hints in advance!
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