Fibonacci Trading with Bobokus

Quoting Naijafx

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today i banked more than 100pips doing paper trade

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Quoting Naijafx

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Hello all, I bless the name of the lord for jet211990(shementor) for taking me on a live marathon tutorial this morning, our idea of rubbing minds worked perfectly. Am still learning this method with all due dilligence and i must say that it has advantage over any system i have used so far becoz, u can go either way the price goes by pulling your fib accordingly. I have perfected the act of using the intra-day and inner-swing fib. the inner swing fib did a perfect job this morning, when it couldn't sustain the earlier short move, it initiated the long move which hit its 1st and 2nd tgt with the help of the news. i am still having problem understanding the bigger picture but i know that i will do over-time since bo said it works just like the intra-day but with fib names differ. My advice to whoever that is trading this method is to master price action and drawing valid trendlines. these two tools helped me to see whot bo is seeing and understand the method fast. am learning very fast and today i banked more than 100pips doing paper trade while shementor banked 80pips Thanks BO, Chowclown,Olounloniemi et al for making me to understand fast but i still have more to learn to have perfect understanding attached are my screenshorts of how we tracked and tame the pips

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Quoting Naijafx

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Well am still learning and would continue to learn this method until i have full grasp of it. am a conservative trader, so i take my time to learn before committing my money.

But once am there, i can stake anything with confidence but am getting there and adding to my fibo weapon of mass-pip destruction.

CC, missing you in our meeting place

I know that u will recover the loss before the close of today's trading day and still be in profit. I believe in you!

mike

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Quoting Dcb

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Hello ChowClown,
I am sorry you had that loss. I have done the same thing many times. I have made the decision that I will only trade during the first 3- 4 hours of the London session, and not open a trade when I am not able to monitor it. I closed my G/U at 1.95770 because I did not like how the price was stalling. My gain was 43 pips. You will recover you loss.

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Quoting Naijafx

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Hello all, I bless the name of the lord for jet211990(shementor) for taking me on a live marathon tutorial this morning, our idea of rubbing minds worked perfectly. Am still learning this method with all due dilligence and i must say that it has advantage over any system i have used so far becoz, u can go either way the price goes by pulling your fib accordingly. I have perfected the act of using the intra-day and inner-swing fib. the inner swing fib did a perfect job this morning, when it couldn't sustain the earlier short move, it initiated the long move which hit its 1st and 2nd tgt with the help of the news. i am still having problem understanding the bigger picture but i know that i will do over-time since bo said it works just like the intra-day but with fib names differ. My advice to whoever that is trading this method is to master price action and drawing valid trendlines. these two tools helped me to see whot bo is seeing and understand the method fast. am learning very fast and today i banked more than 100pips doing paper trade while shementor banked 80pips Thanks BO, Chowclown,Olounloniemi et al for making me to understand fast but i still have more to learn to have perfect understanding attached are my screenshorts of how we tracked and tame the pips

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Quoting olorunloniem

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Naijafx, We are all grateful to the mentor - BO. Nice to see that you are getting it,the simplicity of the strategy may want to deceive but i tell u the strategy bank me quality fib daily and thank God that the picture is getting clearer. Tke your time to apply it to the larger fib you will see that it the same thing,the larger fib even helps to know the trend where the market is coming from and where is heading to. LOVE THE STRATEGY. Olorunloniemi.

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Quoting lordgbengs

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I want 2 thank you again for ur reply and also for making me blive i cld make money in forex,this is d second day of using ur strategy and i have been making money,i made over a thousand dolls 2day ,thank you,pls i will like to ask for where to put our stop loss and take profit,thanks for ur concern

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Quoting LePip

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Hi Bo,

Could you comment on the follow chart? Which of the three fibs (green, orange and purple) is the one to be watching at this point in time?

I see the purple one has broken support, but not the low of the swing. Also, is the fact that the purple fib broke support and indication that the orange fib is not going to meet its target?

Thanks again for all of your help.

LePip

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Quoting Shermenator

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the 61.8 fibb of the intrday levels seems to hold the most buying pressure the reason of this is because that the target of the swing fibb...

In order for me to take a long today i whant to see price slow down there and then price brake the trendline...that would show me that the stairs coming down have stalled....

Then place a counter fibb to the intrday levels and fallow price on the way up and look at the resistance fibbs...

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Quoting Shermenator

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Hey bud what does it mean to you when no intrday targets are hit for the day....

For example lets say you get a reversal of the intraday targets but it does not hit the targets what does that show you...?

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Quoting Bobokus

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Take the purple and orange ones off and move your Intraday from Monday to the high and low points of today, watch over that one first. Your swing will be from the high to whatever low it makes here. If we get another 100% retracement the larger of the 2 moves becomes your Intraday.

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Quoting Bobokus

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Just dont put too much weight on a trendline that steep on the 1 hour...sideways market can break it and give you the wrong impression.

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Quoting ChowClown

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I'm now short off yesterday's intraday, with stops currently above overnight resistance....going to let this run for now and will reverse on any break of resistance.

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