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Fibonacci Trading with Bobokus

  • #7,161
  • Dec 10, 2008 10:40pm Dec 10, 2008 10:40pm
I have taken a good portion of my trade...no matter what happends its a winner
  • #7,162
  • Dec 10, 2008 10:51pm Dec 10, 2008 10:51pm
It's been a while since I've hourly scalped. I'm up +90 with +52 locked in. I miss the good old days last winter scalping all night.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,163
  • Dec 10, 2008 10:55pm Dec 10, 2008 10:55pm
Quoting Thexder
It's been a while since I've hourly scalped. I'm up +90 with +52 locked in. I miss the good old days last winter scalping all night.

Whats up man long time dont see you post...seems like everything is going great
  • #7,164
  • Dec 10, 2008 11:10pm Dec 10, 2008 11:10pm
Quoting Shermenator
Whats up man long time dont see you post...seems like everything is going great
Yeah I've been very busy since spring, working 3 jobs since then (2 at any given time) and trading higher time frames, but now that I'm getting settled and back in a routine I can't resist some scalping if the setup looks right.
This time last year I was sitting up all night 5 days a week but now I'm more of a guest trader. I post in my journal.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,165
  • Dec 10, 2008 11:29pm Dec 10, 2008 11:29pm
Quoting Thexder
Yeah I've been very busy since spring, working 3 jobs since then (2 at any given time) and trading higher time frames, but now that I'm getting settled and back in a routine I can't resist some scalping if the setup looks right.
This time last year I was sitting up all night 5 days a week but now I'm more of a guest trader. I post in my journal.

cool I will defently go and check it out....
  • #7,166
  • Dec 11, 2008 1:18am Dec 11, 2008 1:18am
Quoting Bobokus
Next once another trending

0.0 Intermediate Low
1.0 Intermediate High
.809 Intermediate R1
.618 Intermediate Long
.50 Intermediate Pivot
.382 Intermediate Short
.191 Intermediate S1
Same extensions as the previous fib.(optional)
You mean go long at 161.8% and go short at 38.2% or vice versa ?
Give me patience
  • #7,167
  • Dec 11, 2008 1:21am Dec 11, 2008 1:21am
Quoting Bullfx
You mean go long at 161.8% and go short at 38.2% or vice versa ?
He is not on forexfactory anymore my friend since he open his own site but let me see if I can help you out....those are the fibb numbers he has on the fibb tool...and it also depends on what market condition you have inrefrence in the other timeframes to know what fibbs you use
  • #7,168
  • Dec 11, 2008 1:24am Dec 11, 2008 1:24am
Could you give me an example.
Thanks
Give me patience
  • #7,169
  • Dec 11, 2008 1:39am Dec 11, 2008 1:39am
Quoting Bullfx
Could you give me an example.
Thanks

theirs to much to it...please read thread
  • #7,170
  • Dec 11, 2008 2:41am Dec 11, 2008 2:41am
Just close the other little part of the trade have very little running now...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 25 KB
  • #7,171
  • Dec 11, 2008 6:43am Dec 11, 2008 6:43am
Here is one of my very longterm short trades stop is huge so you will find me trading aginst it in other timframes...

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 23 KB
  • #7,172
  • Dec 11, 2008 7:27am Dec 11, 2008 7:27am
Alright guys take it easy...hope you guys saw my gbpusd trade...made 85 pips on it....

so far this week up 500 pips...

so far won 6 out of 8 this week...
hit rate is 75 % this week....
Growth is 13.6 this week...good week so far
  • #7,173
  • Dec 11, 2008 3:08pm Dec 11, 2008 3:08pm
Quoting Shermenator
My long ...sorry I was not able to post it earlier...


Attachment
Shermantor.

Did you take this trade based on the break of intraday high.
Why don't you draw your intradays on the charts anymore?
Would appreciate if you can clarify that.
  • #7,174
  • Dec 11, 2008 4:25pm Dec 11, 2008 4:25pm
Cable manage to move up today but the NY session proves to be very choppy generating lots of false signals(see the wigs on the hourly chart).
I will look to go long if there will be a rejection from the intraday levels(blue area) or a break out above 1.5079.Ideal for long would be a close above 1.5071 on the 4hr. chart which could target 1.5446 level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu set dec 10 1hr..jpg Size: 98 KB
Click to Enlarge Name: gu set dec 10.jpg Size: 114 KB
  • #7,175
  • Dec 11, 2008 4:35pm Dec 11, 2008 4:35pm
Euro has a much smother ride today so it may be easier to spot opportunities for tomorrow as well.Notice the blue line which is an important fib level from the Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eu set dec 10 1hr..jpg Size: 98 KB
  • #7,176
  • Dec 11, 2008 5:40pm Dec 11, 2008 5:40pm
Quoting alex12
Shermantor.

Did you take this trade based on the break of intraday high.
Why don't you draw your intradays on the charts anymore?
Would appreciate if you can clarify that.


Because I see them in my head lol and sometimes I forget....and really it depends on how I am trying to trade that night...sometimes I use the 1 hour chart simply to add to my longer termtrades or simply I scalp on it onr simply add to my 4 hour trades or make it trade of its own...it really comes down to what I whant to do with it
  • #7,177
  • Dec 11, 2008 8:41pm Dec 11, 2008 8:41pm
Hope you guys liked my usdchf trade from yesterday another winner lol ...trading can be so easy ...

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 24 KB
  • #7,178
  • Dec 12, 2008 12:23am Dec 12, 2008 12:23am
Quoting speedarad
Cable manage to move up today but the NY session proves to be very choppy generating lots of false signals(see the wigs on the hourly chart).
I will look to go long if there will be a rejection from the intraday levels(blue area) or a break out above 1.5079.Ideal for long would be a close above 1.5071 on the 4hr. chart which could target 1.5446 level.
What would justify a rejection and what time frame would you use to justify that rejecton or break through? Sorry for the elementry questions I am a newbie and i really am intrested in becoming efficient with the fib tool
  • #7,179
  • Dec 12, 2008 12:24am Dec 12, 2008 12:24am
Here is the eurusd short I just entered...seeking about 150 pips....stop is large..

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #7,180
  • Dec 12, 2008 12:47am Dec 12, 2008 12:47am
how large of a stop do you have shermenator
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