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Fibonacci Trading with Bobokus

  • #6,021
  • Edited 2:41am Sep 26, 2008 1:52am | Edited 2:41am
Quoting hiswords
Is anyone short on both cable and fiber?i saw a rejection on intraday short on fiber and a break on short in cable.Hope am right!
I too went short on GU at open of 0100. Now just trying to decide where to TP. T1 looks a loooong ways away. Thoughts?

Got out at retracement of previouse 30min candle t2.
A lawn mower is not an effective tool to pick-up dog poop!
  • #6,022
  • Sep 26, 2008 3:19am Sep 26, 2008 3:19am
Hey guyz i havechicken out of the fiber and still holding all my positions on cable.Anyone with me?
  • #6,023
  • Sep 26, 2008 3:20am Sep 26, 2008 3:20am
well what i can say is that i am still shorting eur usd
  • #6,024
  • Sep 26, 2008 3:21am Sep 26, 2008 3:21am
Quoting hiswords
Hey guyz i havechicken out of the fiber and still holding all my positions on cable.Anyone with me?
Which pair is fiber?
A lawn mower is not an effective tool to pick-up dog poop!
  • #6,025
  • Sep 26, 2008 3:24am Sep 26, 2008 3:24am
This trade so far is going really well, price is moving a bit up though, but I am sure it will move back down atleast to the low, and then we'll see where the trade will go from there.

Good Luck
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #6,026
  • Sep 26, 2008 5:07am Sep 26, 2008 5:07am
I have closed 80% of my trade with good pips on the green,expecting the remaining percentage to get to intraday low.Also waiting for another entering sign,if not then am close for the week with a some good pips in the pocket already.
Happy Pipping guyz!!!!!!!!
  • #6,027
  • Sep 26, 2008 5:57am Sep 26, 2008 5:57am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I'm currently flat but I think cable is stuck right now between support at 8379, 8292, and 8200 and our intraday fibs. Swing resistance being tested right now. Also price seems to be having difficulty breaking the linear regression channel. My bets would be it moving up to test intraday levels.
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"Wishful thinking dies hard." Igor T.
  • #6,028
  • Sep 26, 2008 10:56am Sep 26, 2008 10:56am
Hi,
Today is that kind of day where u have to take out your profit as early as possible.I end the week with the green pips.
Is SHERMINATOR there?Been a long time i hear from you my pal.
  • #6,029
  • Sep 26, 2008 11:29am Sep 26, 2008 11:29am
Quoting hiswords
Hi,
Today is that kind of day where u have to take out your profit as early as possible.I end the week with the green pips.
Is SHERMINATOR there?Been a long time i hear from you my pal.
Yep, if your positive for the week and with it being friday its time to turn it off for the week.
I havnt seen or heard from Sherminator in a week or so.
  • #6,030
  • Sep 26, 2008 2:17pm Sep 26, 2008 2:17pm
Hi,
Today is that kind of day where u have to take out your profit as early as possible.I end the week with the green pips.
Is SHERMINATOR there?Been a long time i hear from you my pal.
  • #6,031
  • Sep 26, 2008 9:16pm Sep 26, 2008 9:16pm
Man these past days have been really hard for trading, the market is all over the place. Today I stopped watching my trade for 20min and I went from being up a total of 100 pips to up total of 16 pips, I was so mad, I wanted to see the lows tested, but I missed it when it touched the low and then just skyrocketed back up, pretty disappointing. But lesson well learned today, that price in very crazy market conditions the best thing to do is eliminate risk, so focusing on low levels rather than T2, but its allright valuble lesson learned today.

Overall these past 3 weeks have been great, net, net net gain. So I finally decided to get my live account working. I probably not ready to really start risking money, but atleast trading 10 cents a lot will help me grow, using real money will likely be a better experience, and then maybe in a couple weeks I can move into 1$ per pip and just work my way up from there. I just want to say thank you Bob and everyone else for the help. I'm finally going to start really trading starting monday.

Thanx For Everything
TheLegace.

P.S. Have a great weekend, cant wait to really start trading.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #6,032
  • Edited 10:11pm Sep 26, 2008 10:09pm | Edited 10:11pm
Greetings Bo,

I see that Monday's high on the intraday was pierced on Thursday, but I don't understand moving the intraday fib to Thursday's high/low. (from Monday's high/low)

What am I missing?

Thanks and regards
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  • #6,033
  • Sep 27, 2008 10:46am Sep 27, 2008 10:46am
Quoting sundowner
Greetings Bo,

I see that Monday's high on the intraday was pierced on Thursday, but I don't understand moving the intraday fib to Thursday's high/low. (from Monday's high/low)

What am I missing?

Thanks and regards
We wanted to keep the Monday Intraday because they continued to show support up until Thursday. The conditions for the week were ranging and on Thursday an attempt was made to break long which failed, the result of that is the Intraday levels from Monday that had been holding did break on the retracement from that failure.
This causes a shift in the value now to a lower level. If you move your Intraday to Thusday now you see the short term change in sentiment to a short condition with the levels from Thursday now resistance levels to price. The shift from Supportive market from Monday to a Resistive market on Thursday.
In the next charts Ill give some of the logic behind each days Intraday.
Its not a stupid question, remember the old saying "the only stupid question is the one that isnt asked."
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  • #6,034
  • Sep 27, 2008 6:56pm Sep 27, 2008 6:56pm
Greetings,

Thanks for the detailed response, Bo. I'll need to study it some when I get home. I can see there's a lot more to consider than I have been up till now.

Still, nothing worthwhile comes easy. Once again I'm impressed your grasp of this stuff and the depth of your response is most helpful.

Regards
  • #6,035
  • Sep 28, 2008 12:26pm Sep 28, 2008 12:26pm
We're finally going to get out of ranging phase, atleast for a while. There are so many news events this week, it's crazy, its just what the market needs. I'm kind of happy Im trading live at the moment, market really looks likes its gonna move this week and we can all seriously bank some serious pips I think, and hopefully it keeps momentum going for atleast a couple weeks.

I think market is ranging because the stupid federal government for the US havent decidided on the bailout, which I think is a really bad idea anyway.


Cheers and Good Luck This Week.
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #6,036
  • Sep 28, 2008 5:00pm Sep 28, 2008 5:00pm
Weve already had some preopen movement that has both the Euro and Cable trading lower, the Yen will open close to its Friday close.
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  • #6,037
  • Edited 5:36pm Sep 28, 2008 5:24pm | Edited 5:36pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Bobokus
Weve already had some preopen movement that has both the Euro and Cable trading lower, the Yen will open close to its Friday close.
For the pound, the low I show is 8279. Is that accurate? (My demo platform from european broker is down right now).

EDIT: Checked another source that shows 8263. Is that what you have Bo?

EDIT2: Oops, I see it now on your screen shot. Thanks.
"Wishful thinking dies hard." Igor T.
  • #6,038
  • Sep 28, 2008 6:08pm Sep 28, 2008 6:08pm
Quoting FxChi
For the pound, the low I show is 8279. Is that accurate? (My demo platform from european broker is down right now).

EDIT: Checked another source that shows 8263. Is that what you have Bo?

EDIT2: Oops, I see it now on your screen shot. Thanks.
GBP went as low as 1.8259 after the chart posted.
  • #6,039
  • Sep 28, 2008 6:18pm Sep 28, 2008 6:18pm
Please help me see this,i went short on both cable and fiber but did'nt take out the profit,now it's retracing and am presently on negative.Do you think i just need to hold as major support level still hold or what?
Happy pipping!!!!
  • #6,040
  • Sep 28, 2008 6:36pm Sep 28, 2008 6:36pm
Quoting hiswords
Please help me see this,i went short on both cable and fiber but did'nt take out the profit,now it's retracing and am presently on negative.Do you think i just need to hold as major support level still hold or what?
Happy pipping!!!!
Where did you go short at ?
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