Fibonacci Trading with Bobokus

I am long from the break of the intraday high and I am fallowing with my swing fibb...second I like the w formation we have......also if my swing fibb support fails i will trade it back to my intraday levels



My swing fibb has been pulled to the high of the really borke the intraday high

same setup but EUR/USD long on the break ... its pulling back right now and hope for continuation

GOOD LUCK!!!

Be aware of the daily retrace ment fib that just got impaceted...
Also place a swing fibb and you can what holding your trade i would only hold this trade long since price my reverse....the good thing is that price reversed yesterday and it established streght by hitting its intraday t1...Also move your swing fibb from price 1.5842 1.5302...

I did not take the break of this hi because of this fibb Purple one

I am still in my long on gbp/usd....i Have pulled my swing fibb up to the highest candle so i can have the major support levels of this swing and also get closer to the market so I am readier for the reversal.......this swing will keep me in my trade...second i have a daily chart 38.2 matching up with the 61.8 fibb as support....Thought we are going up against a daily chart 61.8 the double bottom and the w formation plus the reaction of a daily major trendline is teeling price should go look for the trendline ...I will close 80 percent of my trade at this swing extensions....but would look at how price react at the previous swing i had...

we are also going up against a 61.8 fibb from price 1.9697 to 1.9473...

Good morning everybody, It looks like cable is going to repeat wot it did three days ago. presently, price is trying to break previous day high, we've seen penetration and not yet broken, and we've also seen rejection. Interestingly, price is at a key point on 4hr, 61.8 of last swing, seem its all working together, and stoch is O/B trying to cross. I have inner fib drawn as usual, if resistance holds then we might see great drop for Cable as we saw it two days ago. Any comment will be highly appreciated.

Thanks for point it out i was so focus on the 1hr didnt even see that R point

Sherm cable is looking good !!!!

At 9640 swing got hit...
closed 80 percent of trade ...will let market take me out tight stop on the remaining positions.

I have placed this wing fibb just to guard my 20 percent left in the trade...
Very tight ....just to guard...i whant to see price action ....because I am not will lilling to hold this trade thrue a retracement...since my entry was about 25 pips below...I am happy with my trade and will keep the pips in the bank. I dont whant to over expose my account and once again not having a postion is also having one and sometimes it can be better than having one.( I got this from someone smart in this thread lol)



This is not the reversal swing I am looking at since its o tight .....this is just to see fast momentum in price and see when is the right moment to close the remaining 20 percent of my trade.

Closed 20 percent left with 5 pips not willing to give it back lol

Sorry for cluttering the thread guys....

A lil bit late to the party this morning.....just have to wait for the retail news coming out from UK then will make my move.

Nice one to you all that has been catching the early pips......sometimes they are the sweetest and get you in a good frame of mind for the rest of the day.

I dont know if this will help,i have an ebook on trading psychology and emotional free trading ,if you are intrested PM me wth ur email address and i will attach it for you.Thanks i googled for woodie and got the ebook from their site thanks a g8t deal.

Seems such a morning here,i can see an unforeseen skyrocketing in major currency pairs,got some little pips on the positive side though,am now waiting for a long journey south on cable since it has failed to break the retracement.Av a good trade day

Final update for me till at least tokyo session...

I have updated my intraday even thought the day is far from ending since the market has well finished yesterdays movement and i will now focuse more on this swing for whats left of the day...

Price is already testing its support levels...I have placed my swinf fibb to see the next resistance and we are in fact impacting once again a 61.8 fibb...price action will let us know if that 61.8 fibb is the fibb that might not allow the levels of support to hold but only time will tell and fundamentals.
Also be aware of the major resistance to the left. And also be awarte of the bearish trendline coming down...and be aware of how the trendline matched up with a powerfull 38.2 fibb...resistance fibb... infact if levels do hold today as support prevent it from going to its targets

My swing fibb i find usefull right now is from 9850 to price 9407...61.8 resistance its a breack on a 1 hour chart but this is a fibb thats made on more time so i look at as a pierce in the larger perspective.

Also be aware of this fundy 8:30am USDhttp://www.forexfactory.com/images/m...mpact_high.gifUnemployment Claims

This is what should determine weather price is reacting to the swing fibb 61.8 as resistance or are support levels hold for whats left on the day NY seesion...based on this we might see a failure of support levels later on when I am sleeping based on the forcast expected good for the dollar .After so much movement tonigh I am expecting the market to consolidate untill the next sentiment in the market to be released today.

dear bobokus:
is my swing fib right? so i am waitng for the price to retrace to test the intraday fibs.
so when to take the short. the price break the swing short fib or swing low.
regards

I am not BO my freind but i will try to answer this to my best...Your light blue fibb and red fibb are tears of resistance that you can be checking by simply moving your swing fibb around...thats what i do...in other words I know about those 2 fibbs you placed but at the moment i dont need it Since price is not in that zone.

I have placed a swing fibb here...to see whats holding the market at the moment. Today i will not take the break of the high since we have that resistance above and we have a downward trendline....I rather simply miss the trade then simply be in one i dont like. Second thing is if price brakes the low of the cadle ago i will be shorting back to my intraday levels with a mental stop right above the intraday high...
And then i would pull my swing fibb from the intraday high to lowest candle to the pullback of the intraday to see if my short is worth the hold ...

Once again I am not short in...I am waiting for a conformation by having the breack of the low of an hour ago...And i would treat like a scalp back to my intraday levels...

I am short I got 8 pips...lol...Tight stop looking for the intraday levels...
I got pulled in the low of the previous candle..

short at 107.67 break of intraday short,all d best

Lordgbengs,

that was a risky trade to take, u anticipated and plan well but u should have waited for a candle to open at intra-day short before u can go in but then anything can happen.

am also waiting patiently on this currency, seems it has pontentila since cable is sleeping

success Ore!