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Trading Fib Zones

  • #41
  • Oct 9, 2008 10:06am Oct 9, 2008 10:06am
I completely agree Cindy.

Since we're dealing with fibs, here's an entry to consider based on fib action, setup a fib on the most recent swing action around the level of the fib zone being considered. If a candle opens below the 38 retracement after breaking thru that level for longs, or above the 62 retracement level after breaking thru that level for shorts, then buy or sell.

Quoting CindyXXXX
Yeah sorry to go on about it I won't say another thing just don't know why you'd even mention the name of that "club"....

Yeah I got a problem with him and many other people do to. So if I even suspect for a second you might be one of his "chronies" I won't hesitate to voice my opinion in hope that it saves unsuspecting newcomers to the thread from any waste of time and money. This is just my opinion..

Before we get into a thread cluttering debate about this can I ask we just leave it at that.
  • #42
  • Oct 9, 2008 10:16pm Oct 9, 2008 10:16pm
Hey Me, Your indicator is working perfectly fine. The double click did the trick.

Thanks,Tex
  • #43
  • Oct 9, 2008 11:34pm Oct 9, 2008 11:34pm
Hi,
After reinstall MT4 my fibo retracements line doesn't show price. How can I doing? I need add in indicator % $ or % price$. I don't remember... Please help me.
  • #44
  • Oct 9, 2008 11:41pm Oct 9, 2008 11:41pm
Quoting fx1618.com
Hi,
After reinstall MT4 my fibo retracements line doesn't show price. How can I doing? I need add in indicator % $ or % price$. I don't remember... Please help me.
%$ does the trick.
  • #45
  • Oct 9, 2008 11:59pm Oct 9, 2008 11:59pm
Anyone in the swissy -she just broke the 277 fib zone out of my T5 - let's see if it will take the 377 out.
  • #46
  • Oct 10, 2008 12:39am Oct 10, 2008 12:39am
Hello

I would suggest if someone who is most comfortable and successful post on every Sunday new zeros...Everyone can give opinion of course...if zeros can be supported with fundamentals, sentiment...

mima
The Market pays you to be disciplined
  • #47
  • Oct 10, 2008 3:21am Oct 10, 2008 3:21am
Quoting me_sa245

hi to fib Zones traders


there is an indicator that plots fib zones in your chart.
this indicator let you to have one of up or down fib zones or both them.

A: in default setting you have both up and down trend fib zones. if you doesn't need one of them, you can false it.


http://i37.tinypic.com/2dmcbqw.jpg


B: to have stable levels and prevent form relocating fib levels after MT4 platform restart, after setting fib levels in the chart you must remove indicator from your chart .that to stay levels in your chart this key must be true.


C: to delet one of up or down trend fib levels after attaching both in the chart without removing other trend levels, attach indicator to chart, turned true that trend delet key and remove indicator from chart.


http://i34.tinypic.com/9742tf.jpg



enjoy trading fib zones.

Nice, thanks for sharing...
  • #48
  • Oct 10, 2008 3:50am Oct 10, 2008 3:50am
Quoting tex123
Anyone in the swissy -she just broke the 277 fib zone out of my T5 - let's see if it will take the 377 out.
I was in the swissy but bailed out based on euro weekness. Stupid me!
  • #49
  • Oct 10, 2008 10:34am Oct 10, 2008 10:34am
Quoting Yaad
%$ does the trick.
Yaad, thank you very much.
  • #50
  • Oct 13, 2008 11:59am Oct 13, 2008 11:59am
Here is a my look at USDJPY
1 red line - SL
2 red line - Entry
3 red line - TP
Attached Image (click to enlarge)
Click to Enlarge Name: uj-www.fx1618.com.gif Size: 10 KB
  • #51
  • Oct 13, 2008 12:11pm Oct 13, 2008 12:11pm
Nice thread, keep it up.
  • #52
  • Oct 13, 2008 3:07pm Oct 13, 2008 3:07pm
Quoting me_sa245

hi to fib Zones traders




there is an indicator that plots fib zones in your chart.
this indicator let you to have one of up or down fib zones or both them.

A: in default setting you have both up and down trend fib zones. if you doesn't need one of them, you can false it.


http://i37.tinypic.com/2dmcbqw.jpg


B: to have stable levels and prevent form relocating fib levels after MT4 platform restart, after setting fib levels in the chart you must remove indicator from your chart .that to stay levels in your chart this key must be true.


C: to delet one of up or down trend fib levels after attaching both in the chart without removing other trend levels, attach indicator to chart, turned true that trend delet key and remove indicator from chart.


http://i34.tinypic.com/9742tf.jpg




enjoy trading fib zones.

Hi All,


As I see MetaTrader got another decimal place in the price quote so now for example EURUSD is quoted as 1.35955 bid 1.35970 ask. This affects the above indicator so "Point" in the mq4 code should be changed to "Point*10". I have not had time to fully investigate on this whether this solves the problem caused by the new decimal place completely. Could someone verify whether my solution is good or not and whether the indicator works properly this way? Thanks.
  • #53
  • Oct 13, 2008 3:22pm Oct 13, 2008 3:22pm
Can someone help me with eur/cad analysis on the 4hr. The strong uptrend makes me want to go long, yet the strong sell off makes me want to short any 50 to 61.8% retracements.....whats the right call on a chart like this?

thanks
  • #54
  • Oct 13, 2008 7:12pm Oct 13, 2008 7:12pm
Quoting big_pipin
Can someone help me with eur/cad analysis on the 4hr. The strong uptrend makes me want to go long, yet the strong sell off makes me want to short any 50 to 61.8% retracements.....whats the right call on a chart like this?

thanks
Perhaps it might retrace to 1.5713 or 1.5775 before heading further south but I could be wrong, sorry I don't the trade EurCad...

Quoting GammaTrader
Hi All,


As I see MetaTrader got another decimal place in the price quote so now for example EURUSD is quoted as 1.35955 bid 1.35970 ask. This affects the above indicator so "Point" in the mq4 code should be changed to "Point*10". I have not had time to fully investigate on this whether this solves the problem caused by the new decimal place completely. Could someone verify whether my solution is good or not and whether the indicator works properly this way? Thanks.
I got IBFx MT4 build 218 and I'm looking at the EurUsd and it only has 4 digits after the decimal point. Perhaps you are using FxPro or a similar broker that adds more digits...
  • #55
  • Oct 13, 2008 10:49pm Oct 13, 2008 10:49pm
Quoting big_pipin
Can someone help me with eur/cad analysis on the 4hr. The strong uptrend makes me want to go long, yet the strong sell off makes me want to short any 50 to 61.8% retracements.....whats the right call on a chart like this?

thanks

strong support - fibo 23.6, however, probably I would sell... below 1.55


.
Attached Image (click to enlarge)
Click to Enlarge Name: ec(www.fx1618.com).gif Size: 10 KB
  • #56
  • Edited Oct 15, 2008 10:39am Oct 14, 2008 7:11am | Edited Oct 15, 2008 10:39am
Hey i haven't noticed this thread. I am also a fan of fib zones trading who have been very disappointed with the mouteki-scam thread. But whatever, I'm glad some of us are still trading this way.

What are your views on the EUR/USD ?
I think it would be very nice if it retraces to 1.3880... notice how the 987 level is also a recent support zone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.gif Size: 17 KB
  • #57
  • Oct 14, 2008 1:28pm Oct 14, 2008 1:28pm
Hi,
Please, can you explain rules of mouteki method?
  • #58
  • Oct 14, 2008 4:29pm Oct 14, 2008 4:29pm
Sorry you will have to find by yourself because we're not allowed to talk about him anymore neither to post links related to his website I think. But it's easy, try Google.
  • #59
  • Edited Oct 15, 2008 10:41am Oct 14, 2008 4:36pm | Edited Oct 15, 2008 10:41am
Take a look at gbpjpy :

There is also a very nice bearish pinbar on the daily chart, I just entered the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.gif Size: 17 KB
  • #60
  • Oct 14, 2008 6:11pm Oct 14, 2008 6:11pm
Quoting boomswitch
Take a look at gbpjpy :

There is also a very nice bearish pinbar on the daily chart, I just entered the trade.
Please fix or delete your chart image size.
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