Sharing my systems

Hello,I thought I should start this thread because this system has worked so much to me.This is what you could call elliot wave trading but you're not exactly going by the waves,you're just looking at the last wave,put a fib on it,and it will retrace to the 50.0 %.Here's an example.As you can see,it retraced and after that you wait for another wave.

Hello,this system is a very easy system and works when traded right,that is

the reason i'm posting this thread.This system has somewhat to do with

wave trading,except your not following the waves,your looking for

retracements.The easy thing about this system is that is has no need for

indicators,just a simple fib.All you do is look for a simple leg down and put

your fib on the high and low and then look for a retracement the other

way.This is best done on 30min or 1 hr charts.This does not mean it will be a

high riser,just a simple move up or down.Here's an example.


,Best of luck ,Trader4ever

Here's a little more simplified version of my trading.

Sorry guys about the 3 month old charts.Does anybody know where I can save charts without having to download them.

One thing about this system is that it does not have to be a clean 5 candle 50 pip up or down move.It could be a rough 20 candle 15 pip down move.Just to leyt you know.

On that simplified version,you can see that you could draw fibs on every one of those moves.Every one of those moves consist on wave trading.

Here's another good example.

Just to let all of you know,if you are interested in this thread,I will be posting trades every day except maybe sundays and fridays at 5:00 o-clock est.So i'm very excited about my first trade.

Hi,this stratagy is so easy you don't even have to be a professional trader to trade it,It's kind of wave trading but easier.All you have to do is look for a nice move(IN CANDLES)up or down,throw a fib on it and look for a 50% retracement.Here's an example.

My real trading room thread is in the interactive trading forum if anyone wants to check it out.

I think we got a good short on eur us.

We definatly have a short on EurUSD.I'd try Sunday at 6:00 or 5:30.

Here's my thread where I give tradeshttp://www.forexfactory.com/showthread.php?t=134569

Fibo drawn in one hour chart and trading in 5 minute chart

compare the vertical line in the one hour chart and the same line in the 5 minute chart. seems you can prepare for trade in 5 minute chart

Nice crisp, clear concept and will be observing!
Thanks

Ok,ill call it a night here,see you tommarrow.

Just to let you know,I would apprciate it if any questions would be asked or any comments,I feel lonley

All you do is have to see the last leg,trade from 1 month to 40years,it not impossible to read the leg.

Simply ride the wave

ok, thanks for sharing this system. Always attracted to simple systems like this one.

Where do you place your entry/exit??