Fibonacci Trading with Bobokus

Does Me Daily Fib Are In The Right Place

Does Me Daily Fib In The Right Place?

We should see some nice apportunity today to the long side...

I hane my Down Trend High @ 2.0153

do you draw your fibs according to bo's system?...IF so, what do these fibs mean?... what direction are you trading in here?

i looks at that chart, and see 5550 would have been a nice short, of course its easy to say that in hindsight.

EU coming down to its 50/200 ma's on 1hr...lets see if it holds.

bullish downward wedge on usdjpy 1hr

Your not placing your fibbs at key highs and lows at times ....pick the key levels everyone will trade

YES I TRADE BOBOKUS SISTEM.I PLACE FIB IN A DAILY AND 1 H CHART.FIRST I PLACE DAWN TREND O UP TREND ,SENCOLY IF I NEED I PLACE THE RETRACEMENT .ALSO I PLACE ANOTHER FIB IF I NEED IT ,TO WACH THE ILNNER LEVOL OF THE UP TREND O DAWN TREND , IN A BIGER TIME FRAME .IN 1 HOUR INTRADAY AND SWING .

YEA IAM EXPENTING DOWN BUT YOU NEVER KNOW .

I brake of this candles high is good for longs....only for a scalp dont marry a position...longs are scalps at the moment....

gbp usa iam expenting long ,let is what happen

your trendlines are wrong....your grabbing 2 random highs.....dont expect market makers to hold longs so nicely yet...theirs more places you will find sellers then buyers... let it develop

Eur Usa The Same Up Let See If The Retrasement Hole

That trendline your drawing is trendline that has no attention build around it ...meaning not many traders will be trading it or paying attention to it. And price can break it if for any reason we go into some bitt of consolidation it will be ignored. Aslo if the market begins to widen that trendline wont have any meaning.Focuse more on either support or resistance holds from the levels and look at the bigger picture.

COULD YOU PLEASE LET KNOW WITH ONE OF ME TRENDLINES ARE WRONG.

Both of them are wrong my friend.

hi boyeros .just to shed sme light though its not the purpose of this thread the trendlines.sorry bo

what i am waiting for...

Alright here is what I see in the GBPUSD with a bitt more in depth....you guys probably wonder why I have so many fibbs at time but they all have importance and they all show me market direction as well as strength and weakness..

Alright to begin with the market is making some what of an attempt at double bottoming at the low of Novermber 13 showing a possible shift of moement or at least temporary buyers ...second price has been navigating in the daily chart between S1 and R1 making a range ......third a break of yesterday high will make the market begin to trade higher but can only be treated as scalp...also price found imitidiate buyers at the 61.8 uptrend fibb from the monthly chart .....also price is building support in the 1 hour chart creating some sort of double bottom/support as well and price is also attempting to trade higher in the 4 hour chart as well as we had a deep retracement into the last move down in the 4 hour chart showing a slow down in momentum ....and daily chart created a long wick at the bottom give in you a quick summarry of all the stuff I just said lol....every fibb matters its just the abilty of the trader to know how to use it as long as it does not cause confusion....some will get it and some wont