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Fibonacci Trading with Bobokus

  • #3,781
  • Jun 8, 2008 3:55am Jun 8, 2008 3:55am
Hi Bobkus.

I really appreciate ur professionalism and applaud ur achievement, i' quite new to fibo trading and i am an intra trader, i like too know when u will post the 4hr and 1hr setup...pls hw and where can i find the 62 envelope on the MT4 platform.

Men u guys are a great job.

thomas
  • #3,782
  • Edited 8:40am Jun 8, 2008 8:25am | Edited 8:40am
Dear bobous:
I am still studying the fibs. i still have some probloms.
so how to conduct the "buy dips" and " sell hally", do you mean to put the buy stop and sell stop at the fib levels. as shown in the picture, each candle has long up tail, how to entry the short operation.
i am sorry to bother you again.
regards
yours sincerely ztdep
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I need time ,I need money, I need more patience
  • #3,783
  • Jun 8, 2008 8:47am Jun 8, 2008 8:47am
another excellent lecture of the bobokus
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File Type: pdf bobokus.pdf   488 KB | 1,723 downloads
I need time ,I need money, I need more patience
  • #3,784
  • Jun 8, 2008 9:17am Jun 8, 2008 9:17am
Quoting 2ndnature
Hi Bobkus.

I really appreciate ur professionalism and applaud ur achievement, i' quite new to fibo trading and i am an intra trader, i like too know when u will post the 4hr and 1hr setup...pls hw and where can i find the 62 envelope on the MT4 platform.

Men u guys are a great job.

thomas
The 62 envelope is an oscillator, just select the indicator icon on the menu bar and then oscillators in the drop down menu. Youll see envelope just select it and set it to the parameters described. You can use anywhere from a 50 to a 100 and get the same effect on the 1 hour...62 is just a happy medium setting. What you want from it, is to use as a trending indicator not necessarily to trade from it. Its not really necessary unless you need the aid in seeing the trending moves.
  • #3,785
  • Jun 8, 2008 9:58am Jun 8, 2008 9:58am
Quoting ztdep
Dear bobous:
I am still studying the fibs. i still have some probloms.
so how to conduct the "buy dips" and " sell hally", do you mean to put the buy stop and sell stop at the fib levels. as shown in the picture, each candle has long up tail, how to entry the short operation.
i am sorry to bother you again.
regards
yours sincerely ztdep
This is a turning point in Cable, the longer term up trend was showing some weakness here and the shorter term trend was down since this high here, you would be looking to sell the rallys and continue to do so until the Long level of the retracement fib is broken by a Daily candle opening above it, here it is penetrated but not broken and this candle closes as a low hammer indicating a possible short, the entry is the break of this Daily candles low, I would have used a sell stop in this case.
You can set sell limits at the levels but is more risky in the sense your not waiting for any confirmation rather just assuming the levels will hold price short. Dont forget there is nothing magical about the fib levels no matter what you read or hear, they are simply a tool that shows the balance between long and short conditions.
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  • #3,786
  • Jun 8, 2008 7:35pm Jun 8, 2008 7:35pm
Price has over moved and it is a bullish Bias since our intraday levels our bullish. I will trade this back to the retracement levels only if price shows me this at a later time. Also be aware that 9777 holds major resistance and you do not whant to give back your profits if we do have a bounce of our intraday levels ...Seems to me like we should get a retracement back to our intraday levels to begin with and then i will be looking for a bounce of the levels.

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  • #3,787
  • Edited Jun 9, 2008 3:41am Jun 8, 2008 7:42pm | Edited Jun 9, 2008 3:41am
This is an addition to my post above.

Also if price breaks the low of 9682....that swings target match up with our intraday long....
That means we should have alot of buying pressure based on that fact.
Second be aware if this does happen you will be stairstepping down and i would place a trendline and wait for the break of the before considering a long of my intraday leves...

This picute just shows what I am talking about and to be aware of.
Only place this trendline if 9682 goes out

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I amin short on the break aiming for my intraday long
I lost in the short 38 pips

Then took the break of high and made 40 pips

net tonight on gbp/usd 2 pips lol
  • #3,788
  • Jun 10, 2008 1:46am Jun 10, 2008 1:46am
gu has stalled on its downward trend exactly at the pivot of the last big downward move. Looks like there could be a big break back up again
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  • #3,789
  • Jun 10, 2008 4:17am Jun 10, 2008 4:17am
sorry for the gigression,pls does anyone has an indicator that calculates the average daily range of currencies pls attach it,tnx
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,790
  • Jun 10, 2008 5:25am Jun 10, 2008 5:25am
sorry for the gigression,pls does anyone has an indicator that calculates the average daily range of currencies pls attach it,tnx
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,791
  • Jun 10, 2008 6:33am Jun 10, 2008 6:33am
sorry for the gigression,pls does anyone has an indicator that calculates the average daily range of currencies pls attach it,tnx
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,792
  • Jun 10, 2008 7:22am Jun 10, 2008 7:22am
sorry for the gigression,pls does anyone has an indicator that calculates the average daily range of currencies pls attach it,tnx
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,793
  • Jun 10, 2008 7:38am Jun 10, 2008 7:38am
Quoting lordgbengs
sorry for the gigression,pls does anyone has an indicator that calculates the average daily range of currencies pls attach it,tnx

Its probably better to look for an indicator in the metatrader forums, you'll find alot of indicator threads there, or simply open one to request the indicator your looking for.
  • #3,794
  • Jun 10, 2008 7:54am Jun 10, 2008 7:54am
sorry for the gigression,pls does anyone has an indicator that calculates the average daily range of currencies pls attach it,tnx
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,795
  • Jun 10, 2008 8:11am Jun 10, 2008 8:11am
tnx 4 d advice i appreciate
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,796
  • Jun 10, 2008 7:05pm Jun 10, 2008 7:05pm
Bo,
I have read your thread for over two months now and this is my first ever post on FF. You make me realize that trading for a living is possible.Thanx for all you do - -have been enjoying your thread and learning a lot. Do you make your living doing this or this and something else? Skunny's thread was awesome too. Does he still teach and if so where can I locate him? You two guys rock!
  • #3,797
  • Jun 10, 2008 7:35pm Jun 10, 2008 7:35pm
Quoting snaveman
Bo,
I have read your thread for over two months now and this is my first ever post on FF. You make me realize that trading for a living is possible.Thanx for all you do - -have been enjoying your thread and learning a lot. Do you make your living doing this or this and something else? Skunny's thread was awesome too. Does he still teach and if so where can I locate him? You two guys rock!
Im glad youve gained something from the thread then, Skunny has moved on to greener pastures though.
  • #3,798
  • Jun 11, 2008 2:00am Jun 11, 2008 2:00am
Bo,pls Can I Hear Your View On Gbpjpy.poor Network Service Distance Me From The Thread Since.olorunloniemi.
  • #3,799
  • Jun 11, 2008 6:41am Jun 11, 2008 6:41am
the major seems to be quiet wat is happening,i guessed cause there is no news,or.................wat?
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,800
  • Jun 11, 2008 7:31am Jun 11, 2008 7:31am
Quoting olorunloniem
Bo,pls Can I Hear Your View On Gbpjpy.poor Network Service Distance Me From The Thread Since.olorunloniemi.
My take is that alot depends on what happens with the USD/Yen and if it can continue to rally on the Dollar strength weve had here this week. If it continues we should see Geppy trickling up since Cable will most likely continue to make steps down. But if the USD/Yen can continue to make new highs it should help prop Geppy and pull it along with it, Cable will cause dips in it. As long as this continues you can buy the dips, but until both pairs make headway in the same direction the steps up may be in smaller chunks.
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