Let's see where the hourly bar is closing.
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
fibonacci trading log 2 replies
Need help Bobokus Fibo template 1 reply
Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
DislikedI see....since the sentiment on the dollar has changed a bitt fundamentally that suport might not be as powerfull since the sentiment overall has changed a bitt since last time that it served as support. Since the sentiment has changed a bitt the Big boys way of investing has changed as well. I think the bloomberg stuff you told me to read every day is working. I have learned much I am up 120 pips for the week with this trade thanks for the help Bobokus.Ignored
DislikedJust dont let the "experts" set a bias for you, you should trade without a bias and simply trade what you see. When you have a bias it tends to make you trade in that direction only.Watching the news reports is just to get a feel for what is going on in the other markets, they all affect each other. If your trading the major pairs you look for things on other markets that show either dollar strength or weakness. The same money just moves around to where ever the potential for profits are. There isnt an infinite supply of it. (unless your the Fed) you can print as much as necessary and pretend there is an infinite supply of cash.Ignored
QuoteDislikedJust dont let the "experts" set a bias for you, you should trade without a bias and simply trade what you see. When you have a bias it tends to make you trade in that direction only.Watching the news reports is just to get a feel for what is going on in the other markets, they all affect each other. If your trading the major pairs you look for things on other markets that show either dollar strength or weakness. The same money just moves around to where ever the potential for profits are. There isnt an infinite supply of it. (unless your the Fed) you can print as much as necessary and pretend there is an infinite supply of cash.
DislikedNice job everyone...Aad and Sherm you traded out your plan very nicely, it couldnt have played out any better. Now by following behind price with your sell stop (in a downtrend) your in sinc with the market, all thats in your way is yesterdays low. Just be carefule reading candle formations on the 1 hour, they are not as sure a thing as they are on higher timeframes.
Steve and Jono welcome to the thread !
And of coarse hello Galaxymom.Ignored
DislikedBobokus, can u provide link to where other market can be monitored.
thanksIgnored
DislikedHehe Kathy. I tried the thread soon after Bo started it but couldn't get to grips with multiple fibs.
I have this time, and hope to make my trading more accurate than simply pulling a fib over the most recent decent-sized swing and trading the bounce\refusal. It works; I just want it to work better.
The info Bo gives in the first few posts is invaluable. 10 pages or so into the thread and his supplementary stuff is like gold dust. I am enjoying myself.
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DislikedI wonder from where came that crazy move across the board. No news i can find had happen. Eur-yen, gbpusd, eurusd drope, 120 pips for eur-yen, rather unusual.. Did good pips out of it!Ignored
Dislikedhey guys i missed the whole down movement... was asleep too bad for me.... but may i ask what is expected to happen the rest of the day todayIgnored