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Fibonacci Trading with Bobokus

  • #6,421
  • Oct 16, 2008 4:07am Oct 16, 2008 4:07am
Quoting Wallboroff
why did you choose to go short on cable?

If u draw ur intraday according to the last movement down,u'll see that price has gone below the intraday short.I entered based on that.
  • #6,422
  • Oct 16, 2008 4:46am Oct 16, 2008 4:46am
Quoting hiswords
Are u still holding your aud/usd?
Yep

I am still in it short
  • #6,423
  • Oct 16, 2008 5:16am Oct 16, 2008 5:16am
Quoting Shermenator
USDJPY short...

Attachment

Audusd

Attachment
Shermantor.
Your charts from different currencies with your pending trades and triggered ones are very brave and educational even if most of us can not manage more than one currency . It helps us to understand and apply Bo's system to the other majors .
  • #6,424
  • Oct 16, 2008 5:21am Oct 16, 2008 5:21am
Quoting Shermenator
Yep

I am still in it short

Sherm,do u still thunk that the market will have enough momentum to pull it to low?

I have taking out about 50% of my trades on it,in profit anyway
  • #6,425
  • Oct 16, 2008 6:14am Oct 16, 2008 6:14am
Quoting alex12
Shermantor.
Your charts from different currencies with your pending trades and triggered ones are very brave and educational even if most of us can not manage more than one currency . It helps us to understand and apply Bo's system to the other majors .
Alex,

Yes I agree wholeheartedly with you and I second everything you say. Thanks a lot Shermenator
  • #6,426
  • Oct 16, 2008 6:28am Oct 16, 2008 6:28am
would that crazy spike in usd/chf, even though it started late 10/15, necessitate pulling the intraday fib on to the move instead of the 10/15 values?
  • #6,427
  • Oct 16, 2008 6:46am Oct 16, 2008 6:46am
As long as you guys learn I am happy
  • #6,428
  • Oct 16, 2008 6:49am Oct 16, 2008 6:49am
Quoting lmturek11
would that crazy spike in usd/chf, even though it started late 10/15, necessitate pulling the intraday fib on to the move instead of the 10/15 values?
Hit dowtrend pivot ...major resistance

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 30 KB
  • #6,429
  • Oct 16, 2008 8:19am Oct 16, 2008 8:19am
http://i340.photobucket.com/albums/o...k/eurusd-1.gif
  • #6,430
  • Oct 16, 2008 8:31am Oct 16, 2008 8:31am
Quoting lmturek11
http://i340.photobucket.com/albums/o...k/eurusd-1.gif
I'm in this one as well.
  • #6,431
  • Oct 16, 2008 9:40am Oct 16, 2008 9:40am
This EUR trade looks pretty good!
Attached Image (click to enlarge)
Click to Enlarge Name: euro retr.oct.15.gif Size: 19 KB
  • #6,432
  • Oct 16, 2008 10:32am Oct 16, 2008 10:32am
Nice job ...The Euro is reacting very nicely again today. You can go ahead now if you havnt already and place a stop above the previous candle highs to protect profits.
  • #6,433
  • Oct 16, 2008 1:17pm Oct 16, 2008 1:17pm
Get off @ 1.3414 . 72 pips profit today!

Thanks Bo
  • #6,434
  • Oct 16, 2008 1:39pm Oct 16, 2008 1:39pm
Quoting speedarad
Get off @ 1.3414 . 72 pips profit today!

Thanks Bo

Its best to just get out of it ...running sideways for too long now, and dont want to get caught in it, if it retraces now.
  • #6,435
  • Oct 16, 2008 5:49pm Oct 16, 2008 5:49pm
another day another misery. Put stop sell below the last wave, hit it and retraced all the way to intraday pivot. what went wrong now?
Attached Image (click to enlarge)
Click to Enlarge Name: new-3.jpg Size: 296 KB
  • #6,436
  • Oct 16, 2008 7:33pm Oct 16, 2008 7:33pm
Quoting Bobokus
Its best to just get out of it ...running sideways for too long now, and dont want to get caught in it, if it retraces now.
if the market will be like now for a hole week ,should the intraday be ,until the market risk our target,(t1)?
  • #6,437
  • Oct 16, 2008 7:36pm Oct 16, 2008 7:36pm
Quoting jasius
another day another misery. Put stop sell below the last wave, hit it and retraced all the way to intraday pivot. what went wrong now?

The short entry was signalled several hours before. Where you placed your entry, you were placing it at the low point of a ranging period that lasted around 6-7 hours without making any progress in either direction. When you see this type action again just stay away until you see some smoother movement.
Since this action in the ranging period weve seen nothing but a bullish tone but at this point is untested since we havnt seen it bounce from support yet, In the event it breaks long from todays Intraday level you have to treat it as a scalp...take a few pips and get out. We would want to wait and see if and when it retraces from where it is now if support levels hold if they do we can have more confidence in taking long positions and hold them longer. This gives us some confirmation that there is enough buying present to support this pair.In fact it may be too late to try and enter long on GBP since it has broken the long level of todays Intraday already, we need to see it retrace now for a test of support. If and when it does retrace and support fails you have to treat the short as a scalp since it has signaled a long condition andd a short would be another reversal. The reasoning is if support fails a short condition is untested, we would look for it to retrace from the short condition and see a rejection to give us confidence that sellers are present.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpentry.gif Size: 25 KB
Click to Enlarge Name: gbpentry2.gif Size: 30 KB
  • #6,438
  • Oct 16, 2008 11:38pm Oct 16, 2008 11:38pm
hello bo,i posted some comment though shermenator answered some but i was thinking you were going to comment on my other questions...but anyway,i want you to help me clarify something...please can you post your daily chart for both gbp/usd and eur/usd? i am sorry for the stress but i will be very very glad if you can help post them...i want to see your fib on the daily chart to clarify somethings on my chart.

happy pips taking
  • #6,439
  • Oct 17, 2008 2:08am Oct 17, 2008 2:08am
This is my current long

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #6,440
  • Oct 17, 2008 2:13am Oct 17, 2008 2:13am
Quoting Shermenator
This is my current long

Attachment
stop/ target? ....why did you enter here?...what did you see on the fibs?

thanks
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