Fibonacci Trading with Bobokus

Quoting AZ-Heat

Disliked

Hi Bo,

Would you call this a real good set up?
A failure with two dojis at the 61% Intra day fib,
and possible head / shoulders

Thanks

AZ

Ignored

Quoting CindyXXXX

Disliked

HI all

I'm relatively new top this thread but been trying to comprehend it all over the last few days... I've read almost all the posts and watched all the videos but still quite perplexed as to how this all goes togeather.

I understand bits and pieces but it's like a giant jigsaw puzzle for me.

Any suggestions?

Am I the only one confused here?
Cheers

Cindy

Ignored

Quoting Riddle

Disliked

Bobokus what do you thing about using fibo channel to trading ?

Ignored

Quoting sundowner

Disliked

Thanks for the very informative thread on support and resistance trading Bobokus. It's very generous of you to spend your time sharing your expertise.

Brilliant idea you had to always pull your fibs from the top down.

I could be way off base, but this morning (PST) I placed a swing fib on the Eur/Jpy, low 158.90 - high 159.89 which turned out to be the Daily Long target 2....in my reckoning at least.

The price bounced off the swing long fib (159.50) and shot staight to swing target 1 (160.24). Very nice, but as I said, I could have been off base and just got lucky with the targets.

Regardless, it was encouraging to watch the price respect the levels.

Thanks again.

Ignored

Quoting Tulkas

Disliked

Hey Bo,

Can it really be this simple? No stochs, no MACD, no MA's?! Been devouring this thread and am really amazed to see it work. Thanks!

How's this for a USD/CAD setup this morning? Correct entry? (arrow)

Steve

Ignored

Quoting galaxymom

Disliked

Hi Cindy, first let me ask if you skipped to page 109, or did you work through from page 1. I found that it was essential to start at the beginning and work through. From there you have to do the exercises! you have to zoom out the daily chart, find the trend - up or down, and put a fib on it, and so on and so on. You just have to get in there and get your hands dirty, so to speak, if you will ever understand it. Study Bo's charts, try to duplicate them. These steps will help you start to find the frame of the puzzle, then you need to do the vhands for what ever pair or pairs you want to trade, a minimum of 1 years history per pair, more is better. Keep asking questions, post your charts. The puzzle will be easier and easier to finish.

Ignored

Quoting Bobokus

Disliked

Your chart isnt displaying , but Ill post a quick one here and just compare it to yours. In this case I have mine reversed, with my Intraday on the movement of Friday and the Swing measuring the move up from last Wednesday. I would like to see some retracement before entering here since there hasnt been any since last Wednesday and taking the break of fridays high is too risky with the Retracement Long fib sitting at 1.9720. I am looking to buy into this if the Support shown from the Swing fib here hold and we get a bounce from its levels.

NM I see it now, yes I am looking at the same thing

Ignored

Quoting CindyXXXX

Disliked

HI all

I'm relatively new top this thread but been trying to comprehend it all over the last few days... I've read almost all the posts and watched all the videos but still quite perplexed as to how this all goes togeather.

I understand bits and pieces but it's like a giant jigsaw puzzle for me.

Any suggestions?

Am I the only one confused here?
Cheers

Cindy

Ignored

Quoting TradeStar

Disliked

Ho Bobokus,

Long Retracement of swing fib is at 1.9575 right? Not sure what is the level you are referring to by 1.9720.


Thanks much

TradeStar

Ignored

Quoting Bobokus

Disliked

I was referring to the Retracement Fib drawn on the daily chart, the Long fib of it is at 1.9720. The swing Long your talking about is the fib drawn from fridays high back to wednesdays low.

Ignored

Quoting CindyXXXX

Disliked

Thanks Bob

Trying to cram your 5 years of knowledge plus 200 plus pages of this thread isn't an easy thing to do in just a few days!

I am determined to get my head around it though to add to my own system for better confirmations.

Do you still offer the private tutorials I noticed at your wesite? If so whats the deal?

Cheers

Ignored

Quoting TradeStar

Disliked

Thanks much Bobokus.
Yes, I see it now.

What if price breaks the Friday's high and also closes (daily bar) above the 9720 mark, without testing the Swing Fib levels. Should we get in or Pass.

Given the Swing and daily retracement levels, in this case, is there any value addition with the intra day fib levels. In other words, where would we take the intraday levels into consideration.

May be you discussed these things in various stages during this thread. Since I am getting the hang of it in this example, I am asking this.

Please accept my apologies if this is annoying to go over again.

Thanks again
TradeStar

Ignored

Quoting CindyXXXX

Disliked

Another tedious question from me!'

Just wondering what charts you guys use... I don't have the option of renaming my fibs - only the numbers - very confusing for Bos' technique!

Are there any good free ones out there?

Ignored

Quoting Bobokus

Disliked

Its no problem, you can take the break of fridays high or rather the break of 1.9720 but you may have to suffer some drawdown, since it stands the chance still of retracing some, the retracement today from this move up it made from wednesday has so far been shallow indicating the pressure to the topside is still strong and may be that way until 1.9720 is reached or breached...then we may see some decent retracing so it can build momentum again.

Ignored