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Fibonacci Trading with Bobokus

  • #4,201
  • Jun 30, 2008 1:03pm Jun 30, 2008 1:03pm
Quoting Shermenator
I believe he is thinking this because right now price is bouncing between the high and the intraday long. Its in a range so he expects to play the range.
Maybe he trade with indicator?
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,202
  • Jun 30, 2008 1:08pm Jun 30, 2008 1:08pm
Quoting GreatYves
Maybe he trade with indicator?
It can be but remeber that indicators are based on whaat price is showing all i see is resistace at high and support at the intraday long and see it like a range....
  • #4,203
  • Jun 30, 2008 4:04pm Jun 30, 2008 4:04pm
Quoting GreatYves
Bo the friday intraday hi-lo seems to be the ones that hold the road better with todays lo that touch fridays pivot and bounce, because of that should i lower my t1 to 9998 level?
No I would leave it as we have it.
  • #4,204
  • Jun 30, 2008 4:06pm Jun 30, 2008 4:06pm
Quoting mhughes104
I would feel uneasy entering a long to me it is just not worth the risk but on a side note I am looking to enter a short if it goes up some more


Also hi Bo you may know me by Ripcord
Good to see ya still around Rip, Im staying away until the next session too rangy now.
  • #4,205
  • Jun 30, 2008 7:47pm Jun 30, 2008 7:47pm
Quoting Bobokus
Good to see ya still around Rip, Im staying away until the next session too rangy now.
Yes Ive been poking my head in here but I dont trade GPB/USD to often and it looks like Im I wont be in a trade here tonight (price never hit my target point) well glad you doing well Bo looks like you have a nice following
Greed Kills
  • #4,206
  • Jun 30, 2008 9:27pm Jun 30, 2008 9:27pm
Quoting mhughes104
Yes Ive been poking my head in here but I dont trade GPB/USD to often and it looks like Im I wont be in a trade here tonight (price never hit my target point) well glad you doing well Bo looks like you have a nice following
Still trading yen crosses?. Its good to know some of the old gang is still around.
  • #4,207
  • Jul 1, 2008 12:33am Jul 1, 2008 12:33am
Yesterday i made +117pips,today i am going for +147pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 17 KB
  • #4,208
  • Jul 1, 2008 12:44am Jul 1, 2008 12:44am
I have taken a short since our intraday levels are bearish. Also price did not hit its intraday targets from yesterday and that shows weakness in the current bullish trend we had over the past days. And lastly price has gotten out of the Bullish LR channel built over the past couple of days. Overall look is bearish and I am fallowing my trade with the swing fibb.

Attached Image
  • #4,209
  • Jul 1, 2008 12:55am Jul 1, 2008 12:55am
This are how i have my orders. My stop is this swing high and so is reverse....

I am currently short in the market...

Attached Image
  • #4,210
  • Jul 1, 2008 1:02am Jul 1, 2008 1:02am
The eur/jpy retrace to my entry point where i set a SL ,so,i am out...
  • #4,211
  • Edited 2:11am Jul 1, 2008 1:33am | Edited 2:11am
I re-enter my short position at 166.45....
Come on... 0 1 1 2 3 5 8 13 21...

Update my SL was hitted again... -40pips,why i didnt took my +40pips when i could? GREED!
  • #4,212
  • Jul 1, 2008 1:46am Jul 1, 2008 1:46am
hi..... i new at fibonacci.... if you dont mind bobokus could tell how do u enter and exit a trade... ada what would the sl be... if the trade went the other way
  • #4,213
  • Jul 1, 2008 1:59am Jul 1, 2008 1:59am
Quoting xscamx
hi..... i new at fibonacci.... if you dont mind bobokus could tell how do u enter and exit a trade... ada what would the sl be... if the trade went the other way
If you go to the first post of this thread you will find links to youtube videos explaining the Bobokus style of using Fibo
  • #4,214
  • Jul 1, 2008 3:22am Jul 1, 2008 3:22am
Quoting xscamx
hi..... i new at fibonacci.... if you dont mind bobokus could tell how do u enter and exit a trade... ada what would the sl be... if the trade went the other way
Maybe if you'd read the whole thread which is long and time consuming, you'd understand how you enter and exit a trade...


Spoon feeding is bad for your mental health
  • #4,215
  • Edited 6:09pm Jul 1, 2008 6:56am | Edited 6:09pm
Ok, SL 9917, TP 2043.

This have been a lost. But i should have look at the dalily chart i would have benn more cautious.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,216
  • Jul 1, 2008 7:15am Jul 1, 2008 7:15am
Quoting Shermenator
This are how i have my orders. My stop is this swing high and so is reverse....

I am currently short in the market...

Attachment
Woke up stopped out with 30 pips on the short but my buy stop hit its tp for 60 pips....
  • #4,217
  • Jul 1, 2008 8:21am Jul 1, 2008 8:21am
Dear bobokus:
i have a question to bother you.
as shown in picture, the "1" bar bounced from the support fib level, but i does not break the intraday long fib, if i want to 2 to complete, i think it is too late.
so what shou ld you do at this situation.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 115 KB
I need time ,I need money, I need more patience
  • #4,218
  • Jul 1, 2008 8:46am Jul 1, 2008 8:46am
why my chart has a big space ? please have look at it?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 79 KB
I need time ,I need money, I need more patience
  • #4,219
  • Jul 1, 2008 10:12am Jul 1, 2008 10:12am
I have updadet my daily chart to my stronger levels since price has decided to move back up ....

Daily chart..

Attached Image


Now this is my 1 hour chart.

You can take a short in the market now since price broke 61.8 and broke channel and rejected 61.8 from daily chart and dont forget to fallow it with your swing fibb if you do trade it but i will not trade it simply because time of the day. I rather miss a good trade then being in a bad one.

Attached Image
  • #4,220
  • Jul 1, 2008 10:27am Jul 1, 2008 10:27am
Quoting ztdep
Dear bobokus:
i have a question to bother you.
as shown in picture, the "1" bar bounced from the support fib level, but i does not break the intraday long fib, if i want to 2 to complete, i think it is too late.
so what shou ld you do at this situation.
regards

If you would have gone short from that Intraday short level break it would have to be a scalp since it is against the current trend and the larger fib levels are very close to it. The higher timeframe levels are always going to carry more weight and need to be respected or monitored when price is testing these levels. Once you see the larger fib hold as support, your simply witnessing a dip in price from most likely a news event, soon after the event and support held the current trend resumed. The very same thing may be occuring today...it will depend on where price closes today for us to get a better picture of the movement and our next play.Your 2 candle is not necessarily too late since the larger fib is signalling the bounce and trend resuming. You would still target the Intraday targets however on the long, since the Intraday will give you the projected amount it should be able to move in 1 day based off the amount of price measured from the previous day.
When you see dips or rally's in price the market is most likely moving to the orders that are pending from the larger players.
The gap on your chart is most likely from your brokers server going down momentarily.
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