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Fibonacci Trading with Bobokus

  • #4,581
  • Jul 28, 2008 3:03am Jul 28, 2008 3:03am
i got +30
  • #4,582
  • Jul 28, 2008 3:04am Jul 28, 2008 3:04am
I have closed with 30 pips.....goodway to start the week....
goodnight guys dont like the fact price could not close below swing low...
I can hold to previos candles high but simply wont.....Happy with pips.

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  • #4,583
  • Jul 28, 2008 3:09am Jul 28, 2008 3:09am
Quoting bksujal
i got +30
excellent made the same amount
  • #4,584
  • Jul 28, 2008 3:33am Jul 28, 2008 3:33am
Quoting Shermenator
excellent made the same amount
great
  • #4,585
  • Jul 28, 2008 8:23am Jul 28, 2008 8:23am
Don't think how far its gonna go, then you'll expect to go there. Just let price show you where it's going.

Happy Pippin'
KC

Quoting xscamx
i am short too.... how far do you think it can go
  • #4,586
  • Jul 28, 2008 11:35am Jul 28, 2008 11:35am
Quick question for ya Bo,
Would it have been a valid entry on the open of the candle above the swing long after the nice bounce off the Intermediate long (provided I have the fibs drawn in the right locaton)? The area of entry, stop and profit areas are within the boundries of the daily pivot and long I noticed also.


KC
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  • #4,587
  • Jul 28, 2008 3:29pm Jul 28, 2008 3:29pm
We have se a bulllish intraday for today...though keep in mind no targets got hit yesterday so we might be up for another reversal....though price would have to show me this first...keep in mind we had a nice bounce last night on the retracement pivot and we also have a swing 61.8 fibb as support from the 4 hour swing...remeber though let price show what way is right dont force it into what you think is right...

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And last take a look at this article from Bloomberg.com

Dollar Falls as Financial Losses Pare Bets on Fed Rate Increase

http://www.bloomberg.com/apps/news?p...refer=currency
  • #4,588
  • Jul 28, 2008 7:50pm Jul 28, 2008 7:50pm
Quoting kc8flq
Quick question for ya Bo,
Would it have been a valid entry on the open of the candle above the swing long after the nice bounce off the Intermediate long (provided I have the fibs drawn in the right locaton)? The area of entry, stop and profit areas are within the boundries of the daily pivot and long I noticed also.


KC
Certainly, After seeing that Cable failed to follow though short from breaking short out of the Intradays levels, it cound have been an indication that a reversal was beeing attempted. It would have fit right along with the conditions we are facing this year as well.
  • #4,589
  • Jul 28, 2008 7:55pm Jul 28, 2008 7:55pm
Quoting Shermenator
We have se a bulllish intraday for today...though keep in mind no targets got hit yesterday so we might be up for another reversal....though price would have to show me this first...keep in mind we had a nice bounce last night on the retracement pivot and we also have a swing 61.8 fibb as support from the 4 hour swing...remeber though let price show what way is right dont force it into what you think is right...

Attachment

And last take a look at this article from Bloomberg.com

Dollar Falls as Financial Losses Pare Bets on Fed Rate Increase

http://www.bloomberg.com/apps/news?p...refer=currency
Keep in mind you may have to go with the break of the high as well if price doesnt retrace to the Intraday long, with the small amount of retracement that looks likely, just follow behind it closely and look to stop and reverse if it cant make any headway on a break of the high. Let price action detirmine your move.
  • #4,590
  • Jul 28, 2008 7:56pm Jul 28, 2008 7:56pm
Quoting kc8flq
Don't think how far its gonna go, then you'll expect to go there. Just let price show you where it's going.

Happy Pippin'
KC
Good mentallity...!
  • #4,591
  • Jul 28, 2008 7:59pm Jul 28, 2008 7:59pm
Nice job securing those pips today everyone...30-50 pips today was a good take.
  • #4,592
  • Jul 28, 2008 8:09pm Jul 28, 2008 8:09pm
To me cable seems to be in a big triangle consolidation.. With a double inside bar on the daily...
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,593
  • Jul 28, 2008 8:59pm Jul 28, 2008 8:59pm
Quoting Bobokus
Keep in mind you may have to go with the break of the high as well if price doesnt retrace to the Intraday long, with the small amount of retracement that looks likely, just follow behind it closely and look to stop and reverse if it cant make any headway on a break of the high. Let price action detirmine your move.
Bo you would not consider taking the break of the previous candle for example if momentum pick up....or only untill price brakes the intraday high...
I know its early but just as an example....
  • #4,594
  • Jul 28, 2008 9:10pm Jul 28, 2008 9:10pm
Quoting Shermenator
Bo you would not consider taking the break of the previous candle for example if momentum pick up....or only untill price brakes the intraday high...
I know its early but just as an example....
Tonight looks like an asian box type trade would be the best move at this point.
  • #4,595
  • Jul 28, 2008 11:10pm Jul 28, 2008 11:10pm
hey guys.... i looks like its going to be a bullish day... what do you guys think... i plan to take a long position but i not sure when....
  • #4,596
  • Jul 28, 2008 11:57pm Jul 28, 2008 11:57pm
Looking at my chart, I would say that we're still range bound, price is bouncing around the envelope. I say wait til price reveals what it's going to do....


Quoting xscamx
hey guys.... i looks like its going to be a bullish day... what do you guys think... i plan to take a long position but i not sure when....
  • #4,597
  • Jul 29, 2008 12:12am Jul 29, 2008 12:12am
Quoting kc8flq
Looking at my chart, I would say that we're still range bound, price is bouncing around the envelope. I say wait til price reveals what it's going to do....

what envelope setting do you use
  • #4,598
  • Jul 29, 2008 12:45am Jul 29, 2008 12:45am
well i am confused right now.... i have a swing for a buy and sell..... how do you know which one to take......i would not want to end up with a loss today... so i am going to wait and see what happen... any of you guys have an idea on do you determine the trend... it would make a difference in deciding to go long or short
  • #4,599
  • Jul 29, 2008 1:05am Jul 29, 2008 1:05am
Quoting xscamx
well i am confused right now.... i have a swing for a buy and sell..... how do you know which one to take......i would not want to end up with a loss today... so i am going to wait and see what happen... any of you guys have an idea on do you determine the trend... it would make a difference in deciding to go long or short
Bo talked about the Asian box.. Means sit on your hand for now.. we're in the middle.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,600
  • Jul 29, 2008 1:15am Jul 29, 2008 1:15am
Quoting GreatYves
Bo talked about the Asian box.. Means sit on your hand for now.. we're in the middle.
ok i ll keep quiet till london opens and see what happens
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