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Real Time Fibonacci Analysis

  • #41
  • Feb 20, 2008 11:46am Feb 20, 2008 11:46am
Quoting FXStarShip
Jared- would you be so kind as to post your fib indie. There are a lot floating around. Yours seems to hit the nail on the head
Thanks
Watch Bo's new video on how to set up the fib tool manually. http://www.forexfactory.com/showthread.php?t=50767 I'll post a template of my chart with the fibs on it. They might need to be adjusted, but it has all the different ones I think.
Attached File(s)
File Type: tpl fibs template.tpl   5 KB | 404 downloads
  • #42
  • Feb 20, 2008 12:26pm Feb 20, 2008 12:26pm
Cool-Thanks
  • #43
  • Feb 20, 2008 1:24pm Feb 20, 2008 1:24pm
Jared and all who participate, THANK YOU, thank you, thank you. I have always learned quicker and better hands on and in real time. This thread is such a great idea and it is exactly what I have hoped for. I have been following Islander and Bo faithfully and praise them and thank them for their generousity. Wow!
Thank you.
Mike
  • #44
  • Feb 20, 2008 6:55pm Feb 20, 2008 6:55pm
I'm a bit hesitant to post this trade. DO NOT FOLLOW ME ON THIS ONE! PLEASE!

I am long from 1.4927, not based on a break of a fib level, just a gut feeling with a small tp to 1.9440, my Swing High, with multiple lots. What I was looking at is support at 1.9412 has not been broken in over 6 hours, and there's a chance price will retrace to the Swing high which is resistance.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #45
  • Feb 20, 2008 6:56pm Feb 20, 2008 6:56pm
Quoting Bobokus
Good move dont jump on Cable short just yet the price action to me is saying its not done retracing yet, im on the sidelines as well for now.
the majors are all pretty much the same, the situation with the euro is the wide range its been running in since it made its overall high..its just making stair step type moves as in operates in this range, the best thing to do in the euro is play this range, zoom the euro out on the daily and you can see the ranging on the Daily chart since the high back in November.
But I use the type strategy with all the pairs I follow.
Cheers Bo.
  • #46
  • Feb 20, 2008 7:04pm Feb 20, 2008 7:04pm
Quoting galaxymom
I'm a bit hesitant to post this trade. DO NOT FOLLOW ME ON THIS ONE! PLEASE!

I am long from 1.4927, not based on a break of a fib level, just a gut feeling with a small tp to 1.9440, my Swing High, with multiple lots. What I was looking at is support at 1.9412 has not been broken in over 6 hours, and there's a chance price will retrace to the Swing high which is resistance.
Good luck GM. My guess it's 50/50 but if it's within your risk tolerance then you're trading your plan. Are you live or demo with the multi lot 'scalps'?

1am here now and need some kip. Until London open, Good night y'all
  • #47
  • Feb 20, 2008 7:06pm Feb 20, 2008 7:06pm
Quoting ChowClown
Good luck GM. My guess it's 50/50 but if it's within your risk tolerance then you're trading your plan. Are you live or demo with the multi lot 'scalps'?

1am here now and need some kip. Until London open, Good night y'all
Going live next week.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #48
  • Feb 20, 2008 7:19pm Feb 20, 2008 7:19pm
good luck mom.
i usually i dont touch cable til london open. anything can happen?
hope you make it!
  • #49
  • Feb 20, 2008 7:50pm Feb 20, 2008 7:50pm
Clean Clean Clean.... I apologize for not following bo's rules to the t, just wanted to offer my picture. I think cable is just about done completing her bear cycles. She could drop to 1.9306 to complete the weekly bear cycle.If she goes lowerthan1.9306 then the bear still rules. If things are a clean meet she'll head back north. Weekely big time target @212.33 for the upside. Just my view of things..We'll see!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
Click to Enlarge Name: gbpusdclean.gif Size: 22 KB
Click to Enlarge Name: gbpusdcleanweek.gif Size: 19 KB
  • #50
  • Feb 20, 2008 9:46pm Feb 20, 2008 9:46pm
I'm out with 6 pips.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #51
  • Feb 21, 2008 1:16am Feb 21, 2008 1:16am
Quoting galaxymom
Going live next week.
I was making a killing with my demo acct, but when I switched to real money I started loosing it! Funny how that works. I had other problems that weren't present on the demo like slippage too. Just keep in mind that real trading is different than demo. I would suggest starting out with very small mini lots and work your way up from there. I am still using mini lots, about $1 per pip. Once I get profficient with my trading and stop making dumb mistakes (like leave a pending order with no stop and forget about it, only to find out it was triggered when I wake up the next morning, at least I'm up 20 pips!) I'll dump a large amount of $ in my acct and start using real lots. Probably by the end of this year.
  • #52
  • Feb 21, 2008 1:20am Feb 21, 2008 1:20am
Quoting Jared
Watch Bo's new video on how to set up the fib tool manually. http://www.forexfactory.com/showthread.php?t=50767 I'll post a template of my chart with the fibs on it. They might need to be adjusted, but it has all the different ones I think.
thanks for your templates..keep posting your analysis ...how we use..
  • #53
  • Feb 21, 2008 1:21am Feb 21, 2008 1:21am
Looks like the classic long entry signal to me. New candle formed above a confluence of long fibs, the intraday and the swing fib long. Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: long.jpg Size: 98 KB
  • #54
  • Feb 21, 2008 1:41am Feb 21, 2008 1:41am
Creeping it's way up. Hopefully it has enough momentum to reach T1 of the intraday fib today (1.9556, green line)
Attached Image (click to enlarge)
Click to Enlarge Name: long2.jpg Size: 102 KB
  • #55
  • Feb 21, 2008 1:44am Feb 21, 2008 1:44am
hi jared. im steve from australia and i have been following along. congrats on this site. im very much a beginner trying to learn from you guys. did take that gu long but for no other reason that the hourly candle closed above the swing long. 1st take profit at 1.9500 and plus 28 currently with s/l moved to just under low of last candle. good luck jared. talk later. steve
  • #56
  • Feb 21, 2008 1:50am Feb 21, 2008 1:50am
Switching to a 4 hour chart, I pulled a fib from the high of Valentines day to the low of yesterday. It looks like there is possible resistance at 1.9505. Caution if it hits this level.
Attached Image (click to enlarge)
Click to Enlarge Name: vday.jpg Size: 114 KB
  • #57
  • Feb 21, 2008 2:02am Feb 21, 2008 2:02am
Quoting brisvegus
hi jared. im steve from australia and i have been following along. congrats on this site. im very much a beginner trying to learn from you guys. did take that gu long but for no other reason that the hourly candle closed above the swing long. 1st take profit at 1.9500 and plus 28 currently with s/l moved to just under low of last candle. good luck jared. talk later. steve
Glad to have you. Keep in mind though I am not an all knowing trader. I make mistakes. I'm hoping more people will get involved and post their analysis too so it's not just me. I think a lot of people don't because they think they might be wrong and don't want to loose face. Me personally I don't care. If I am wrong I am wrong. Even expert traders make mistakes. Bo said he has about a 65% win rate, tht means 35% bad trades. Just keep losses small and let profits run.
  • #58
  • Feb 21, 2008 2:05am Feb 21, 2008 2:05am
Yep. i see that. would never have thought of doing that in a million years. heheh thats why im here. steve
  • #59
  • Feb 21, 2008 2:09am Feb 21, 2008 2:09am
Quoting brisvegus
hi jared. im steve from australia and i have been following along. congrats on this site. im very much a beginner trying to learn from you guys. did take that gu long but for no other reason that the hourly candle closed above the swing long. 1st take profit at 1.9500 and plus 28 currently with s/l moved to just under low of last candle. good luck jared. talk later. steve


hi steve i'm also from aus good to see another aussie here and thanks jared this is a great compliment to bo's thread

joy
  • #60
  • Feb 21, 2008 2:14am Feb 21, 2008 2:14am
Quoting joypips
hi steve i'm also from aus good to see another aussie here and thanks jared this is a great compliment to bo's thread

joy
What time is it over there down under? I have to wake up at 1:30 am here in the US to start my day!
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