Fibonacci Trading with Bobokus | Page 340 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Fibonacci Trading with Bobokus
Exit Attachments

Fibonacci Trading with Bobokus

  • #6,781
  • Nov 5, 2008 5:25am Nov 5, 2008 5:25am
Quoting Shermenator
Nice charts bud...looks like mine...I like how we always work as a team...
And get on skype lol

Alright here is what I did tonight...

I took a long at the break of 5 a clock candle long since that was the only valid entry tonight....their was a never a short in this currency unless you traded tokyo and thats something I dont do ....after my entry I was able to take some profits based on price action and 3 hours after my trade I saw I was cought in a range so I place my target at breakeven and reached...I will step aside and let the market decide itself...

Attachment
I think I have save fibs, just wondering where you Green Support levels are being plotted if you don't mind me asking.

Thanx
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #6,782
  • Nov 5, 2008 5:54am Nov 5, 2008 5:54am
Quoting Shermenator
Nice charts bud...looks like mine...I like how we always work as a team...
And get on skype lol

Alright here is what I did tonight...

I took a long at the break of 5 a clock candle long since that was the only valid entry tonight....their was a never a short in this currency unless you traded tokyo and thats something I dont do ....after my entry I was able to take some profits based on price action and 3 hours after my trade I saw I was cought in a range so I place my target at breakeven and reached...I will step aside and let the market decide itself...

Attachment
Long at breakout, since I treat it as a scalp I took half off at about 30 pips and letting the other half run for now.

Regarding your 4hr fib, I measured the last down swing, whereas you seemed to measure the previous bigger upswing....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #6,783
  • Nov 5, 2008 6:07am Nov 5, 2008 6:07am
Quoting TheLegace
I think I have save fibs, just wondering where you Green Support levels are being plotted if you don't mind me asking.

Thanx

Here is my 4 hour chart view...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #6,784
  • Nov 5, 2008 6:10am Nov 5, 2008 6:10am
Quoting islandtrader
Long at breakout, since I treat it as a scalp I took half off at about 30 pips and letting the other half run for now.

Regarding your 4hr fib, I measured the last down swing, whereas you seemed to measure the previous bigger upswing....

I measured both swings....they are both valid...simply once swing breaks and then they all start applying bullish direction.....its like a scale we now have more bullish support levels at the moment....some fibbs that used to be resistance are now support...and nice breakout you took I took it as well and scaled out on it as well....your sick men haha...get on skype lol...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #6,785
  • Nov 5, 2008 9:22am Nov 5, 2008 9:22am
hello bo,thx for the reply ,but the post on post 6752 is for eurusd chart, i asked for the chart of GBPUSD...will be glad if you can help me out.

happy pips taking
  • #6,786
  • Nov 5, 2008 10:27am Nov 5, 2008 10:27am
can someone help me with their predictions for UJ off a 1hr or 4hr chart? I'm bearish but the entry still seems unclear.
  • #6,787
  • Nov 5, 2008 10:45am Nov 5, 2008 10:45am
Quoting bjpumping
hello bo,thx for the reply ,but the post on post 6752 is for eurusd chart, i asked for the chart of GBPUSD...will be glad if you can help me out.

happy pips taking

Sure, sorry I thought I had posted both the Euro and GBP. Very siilar picture though.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1105.gif Size: 18 KB
  • #6,788
  • Nov 5, 2008 10:52am Nov 5, 2008 10:52am
Quoting big_pipin
can someone help me with their predictions for UJ off a 1hr or 4hr chart? I'm bearish but the entry still seems unclear.

Direction is still unclear, alot still depends on US markets. Support has held down to 98.45 a break there and we should see if test the support levels from the retracement again.
Attached Image (click to enlarge)
Click to Enlarge Name: yen1105.gif Size: 19 KB
  • #6,789
  • Nov 5, 2008 11:48am Nov 5, 2008 11:48am
long eu off 2974
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.JPG Size: 199 KB
  • #6,790
  • Nov 5, 2008 12:56pm Nov 5, 2008 12:56pm
Looks as if both the Euro and GBP will fall short of reaching T1 from the bounces last night and another test of support before we see them go long again. If we are seeing the high and low of the day already its safe to pull up your Intraday tools to measure todays movements.
  • #6,791
  • Nov 5, 2008 5:47pm Nov 5, 2008 5:47pm
Quoting Bobokus
Looks as if both the Euro and GBP will fall short of reaching T1 from the bounces last night and another test of support before we see them go long again. If we are seeing the high and low of the day already its safe to pull up your Intraday tools to measure todays movements.
Hi Bob , i would like to be sure about BREAK LOWS & HIGHS that includes the wick of the candle or just the body?

I appreciate your help!!!Thanks
  • #6,792
  • Nov 5, 2008 5:51pm Nov 5, 2008 5:51pm
Quoting focuson
Hi Bob , i would like to be sure about BREAK LOWS & HIGHS that includes the wick of the candle or just the body?

I appreciate your help!!!Thanks
The wicks count.
  • #6,793
  • Nov 5, 2008 6:19pm Nov 5, 2008 6:19pm
Quoting Bobokus
The wicks count.
THANKS ...For your answer
  • #6,794
  • Nov 5, 2008 6:28pm Nov 5, 2008 6:28pm
[quote=focuson;2329479]Hi Bob , i would like to be sure about BREAK LOWS & HIGHS that includes the wick of the candle or just the b
Since market did not risk our tarket on moday ,i placed a resistance fib waiting for T1 ,trading scalper.
Bo in this case should i wait only 3 day for moday's tarket and star with a new intraday today?
Bo do i have to replace the resistance fib ?(today)

Bo since moday situation i were trading whit the intraday and swing (scaper),were i trading with intraday ?

if any of me question does not make sence let know
reward
  • #6,795
  • Nov 5, 2008 7:20pm Nov 5, 2008 7:20pm
Today is a day that if price continues to drop or go sideways we might have a shoot at trading it back to our swing levels...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 35 KB
  • #6,796
  • Nov 5, 2008 7:48pm Nov 5, 2008 7:48pm
[quote=Shermenator;2329629]Today is a day that if price continues to drop or go sideways we might have a shoot at trading it back to our swing levels...

[A

TTACH]166269[/ATTACH][/quote


Could you post your 1H chart for ERU/USD ?? THANKS!!
  • #6,797
  • Nov 5, 2008 10:40pm Nov 5, 2008 10:40pm
Bo or someone can you give me advice on this failed eu trade ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.JPG Size: 222 KB
  • #6,798
  • Nov 5, 2008 11:56pm Nov 5, 2008 11:56pm
Quoting Bobokus
Sure, sorry I thought I had posted both the Euro and GBP. Very siilar picture though.
hello bo , one questions, if I want to use fib in 4 H , it has to be in the High & low of that TF????
I'm have been improved my way of used Fibs , but I have to be sure in all TF.
once again THANKS
  • #6,799
  • Nov 6, 2008 1:09am Nov 6, 2008 1:09am
similar situation on eurusd to gbpusd, I'd like it to test the recent lows for a long opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
  • #6,800
  • Nov 6, 2008 2:04am Nov 6, 2008 2:04am
Quoting big_pipin
Bo or someone can you give me advice on this failed eu trade ?
In my opinion theirs 2 ways of managing this trade....the first 1 is if you measure the first wave that in your picture broke the trednline and price bounced on the fibb levels but did not have enough strenght to reach for its targets showing a slowdown in momentum being cause by a larger resistance fibb in the daily...once this information is recepted at the moment you planed on taking the trade 2 things the could had come to your mind and that is step aside because a slowdown in momentum, or come in with a smaller position because of the previous reasons. Also when you take a loss dont always look for an error in your analysis sometimes its simply a bad trade and you have to just move on and take the next trade.
35 traders viewing now