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Fibonacci Trading with Bobokus

  • #3,641
  • May 27, 2008 7:51pm May 27, 2008 7:51pm
Awesome thread, i'm on page 4 so i'll probably be with you in a few days or so !
  • #3,642
  • May 27, 2008 7:59pm May 27, 2008 7:59pm
Quoting Kwackers
Awesome thread, i'm on page 4 so i'll probably be with you in a few days or so !
Welcome to the thread then.
  • #3,643
  • May 27, 2008 8:40pm May 27, 2008 8:40pm
Looking bearish overall levels are holding toady...we have a alot of resistance holding...i would persoanly wait for a break of the trendline before antything...

Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 49 KB
  • #3,644
  • May 27, 2008 9:00pm May 27, 2008 9:00pm
Can you highlight me in a simple way how to set an entry by looking at the prices and fibo. i still unsure...many thanks
  • #3,645
  • May 27, 2008 10:05pm May 27, 2008 10:05pm
Quoting Shermenator
Looking bearish overall levels are holding toady...we have a alot of resistance holding...i would persoanly wait for a break of the trendline before antything...

Attachment
The action today suggests a deeper test of support in the sense that weve had more than a 62% retrace on the previous day and the previous Daily low broken as well, confirmation would be a test of resistance that builds up above price when it goes down and twice today the Intraday levels have been tested and each attempt so far resulted in a lower high. A break of todays Intraday levels and we could see more of the action weve been experiencing over the past few weeks. Frankfurt/London sessions should get things moving again.
  • #3,646
  • May 27, 2008 10:11pm May 27, 2008 10:11pm
Quoting faridishak
Can you highlight me in a simple way how to set an entry by looking at the prices and fibo. i still unsure...many thanks
Entry's are detirmined by price reaction to the Inner levels of the fib tool...38.2/50/61.8. , for a safer entry you can wait for the break out from the levels by a candle opening above or below them, just be careful waiting on a candle to open since price can travel 50 pips+ before an opening, If so just let it go and wait for the next one. Trading in the direction of the current trending move will have a higher chance of success.
  • #3,647
  • May 28, 2008 5:05am May 28, 2008 5:05am
What is happening,eur/usd breaking the intraday low for the fifth time today and still retracing upward,without meeting any retacement fibs,do we just wait or take out all the short position. Still learning.
  • #3,648
  • May 28, 2008 6:52am May 28, 2008 6:52am
Quoting hiswords
What is happening,eur/usd breaking the intraday low for the fifth time today and still retracing upward,without meeting any retacement fibs,do we just wait or take out all the short position. Still learning.
I only see the 2 attempts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurointraday.gif Size: 25 KB
Click to Enlarge Name: eurointraday2.gif Size: 25 KB
  • #3,649
  • May 28, 2008 1:57pm May 28, 2008 1:57pm
interesting fibs, i decided to master it!!!
what is the meaning of "buy at wholesale and setll at retail"
regards
I need time ,I need money, I need more patience
  • #3,650
  • May 28, 2008 4:59pm May 28, 2008 4:59pm
Quoting ztdep
interesting fibs, i decided to master it!!!
what is the meaning of "buy at wholesale and setll at retail"
regards
You dont want buy something you plan to sell at the same price, you want to buy at a discount (wholesale) and sell it at its projected value (retail).
  • #3,651
  • May 28, 2008 5:30pm May 28, 2008 5:30pm
BO,

we didn't get to see any of our intra-day target hit. does that means that the present trend is weakening?

hoping to read from you
  • #3,652
  • May 28, 2008 6:54pm May 28, 2008 6:54pm
Quoting Naijafx
BO,

we didn't get to see any of our intra-day target hit. does that means that the present trend is weakening?

hoping to read from you
Yes, Cable has been sideways now since the open Monday, too much conflicting fundamentally again, looks like the reversals from one day to the next is back again.
  • #3,653
  • May 28, 2008 10:29pm May 28, 2008 10:29pm
Just wanted to say hello. Alot good stuff here and especially the latest explanations help alot.

Keep up the good work.

best
  • #3,654
  • May 28, 2008 11:30pm May 28, 2008 11:30pm
Dear Bobokus;
is my fibs right? i still have two fibs not drawed, support fibs and resisitance fibs, i want to know how to draw them
regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
I need time ,I need money, I need more patience
  • #3,655
  • May 29, 2008 12:09am May 29, 2008 12:09am
We have a bullish Bias based on our intraday fibbs...Though price is not showing any holding on the first level but expect more buying pressure to get added at 9765 to 9756 area many fibbs in that area hold at support.

Though the
Nationwide House Prices m/m
Might cause some failure of intraday levels and yet cause onther reversal day...

Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 51 KB
  • #3,656
  • May 29, 2008 1:53am May 29, 2008 1:53am
Dear Bobokus:
I want to know how to decide the target.
today, GBPUSD has big move, but i TP at the Introday pivot, but the price now has reached the introday low, so how to resolve this problem.
i only sell 0.1 lots.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 31 KB
I need time ,I need money, I need more patience
  • #3,657
  • May 29, 2008 2:31am May 29, 2008 2:31am
Quote
Dear Bobokus:
I want to know how to decide the target.
today, GBPUSD has big move, but i TP at the Introday pivot, but the price now has reached the introday low, so how to resolve this problem.
i only sell 0.1 lots.
regards

In my own opinion, wait for the last candle for a final retracement and pull your swing fib to gauge if you are still in good trade or you r eating dip into your profit.

Good run on GU but i missed it anyway.

remain blessed
  • #3,658
  • May 29, 2008 5:59am May 29, 2008 5:59am
Quoting ztdep
Dear Bobokus:
I want to know how to decide the target.
today, GBPUSD has big move, but i TP at the Introday pivot, but the price now has reached the introday low, so how to resolve this problem.
i only sell 0.1 lots.
regards

ztdep pls can you attach the indicator below ur chart that looks lik macd for me ,thanks i appreciate
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,659
  • May 29, 2008 6:39am May 29, 2008 6:39am
Quoting lordgbengs
ztdep pls can you attach the indicator below ur chart that looks lik macd for me ,thanks i appreciate
Dear friends:
it is not macd , it is the cci/
Attached File(s)
File Type: ex4 CCI_Woodie_Panel_Heart_v3.ex4   24 KB | 688 downloads
I need time ,I need money, I need more patience
  • #3,660
  • May 29, 2008 7:01am May 29, 2008 7:01am
Quoting ztdep
Dear Bobokus;
is my fibs right? i still have two fibs not drawed, support fibs and resisitance fibs, i want to know how to draw them
regards
Yes those were correct. The support and resistance fib are used the same way the Intraday and Swing are. An example is yesterdays Intraday was a support fib.
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