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Sharing my systems

  • #41
  • Dec 7, 2008 7:33pm Dec 7, 2008 7:33pm
Quoting Trader4ever
The difference is that you're not just throwing a fib,you're finding the leg,and wait for the retracement.
There's no difference. It's what fibo traders do. They put a trade after the retracement, in continuation of the current leg.

Again, nothing new.

Very hard sometimes to qualify this first leg huh??
  • #42
  • Dec 7, 2008 7:46pm Dec 7, 2008 7:46pm
Fine if you don't believe,but I do.
  • #43
  • Dec 7, 2008 7:50pm Dec 7, 2008 7:50pm
hi there,

i am new to this trading. what you mean by "throw a fib".. please explain, thanks in advance..

peace
  • #44
  • Dec 7, 2008 7:55pm Dec 7, 2008 7:55pm
It's not a matter of believing. Just don't be on denial, it's a straight out of the box fibonacci trading. Nothing wrong with it, just don't pretend to be different.

By the way, you got stopped on you last trade and your risk/reward was off balance.
  • #45
  • Dec 7, 2008 8:39pm Dec 7, 2008 8:39pm
You just had your first lesson. Trading live and trading yesterdays charts are different.
Simply, you tried to pick a top.
What I can't understand is why you would" ride it all the way" and set a 14 pip take profit on what you expected to be a complete leg?
Polishing my crystal ball
  • #46
  • Dec 7, 2008 8:55pm Dec 7, 2008 8:55pm
too funny!. Throw a fib....Yep. Sure...then the stop loss? 61.8% 70.7 78.6 ?? Then the flat pattern with a zigzag. YEp sure. get it easier. For a few dollars more; you get the expanded version of chaos!>
  • #47
  • Dec 8, 2008 2:25pm Dec 8, 2008 2:25pm
Quoting adeel316
hi there,

i am new to this trading. what you mean by "throw a fib".. please explain, thanks in advance..

peace


PUT A FIBBERNOTIC ON THE HIGH AND THE LOW!!!
  • #48
  • Dec 8, 2008 3:14pm Dec 8, 2008 3:14pm
Okay guys,we got -19,let's make up for it,i'm looking for a trade know,we'll make action in 30min or so.
  • #49
  • Dec 8, 2008 3:16pm Dec 8, 2008 3:16pm
check this trade out,wait for it to go to 68,then buy it.
Attached Image (click to enlarge)
Click to Enlarge Name: poi.gif Size: 31 KB
  • #50
  • Dec 8, 2008 3:18pm Dec 8, 2008 3:18pm
Check my thread for next trade.
  • #51
  • Dec 8, 2008 6:14pm Dec 8, 2008 6:14pm
Quoting adeel316
hi there,

i am new to this trading. what you mean by "throw a fib".. please explain, thanks in advance..

peace
Something to do with epilepsy

Seriously, it's an abbreviation for Fibonacci
  • #52
  • Dec 8, 2008 7:33pm Dec 8, 2008 7:33pm
Ok,we almost got a trade on eurusd
Short at 1.2930
take as many pips as you want,i'd try to go for at least 20.
  • #53
  • Edited 3:23pm Dec 9, 2008 5:09am | Edited 3:23pm
ok guts,nice trade,should have got a few pips pn yhat one.
  • #54
  • Dec 13, 2008 4:26am Dec 13, 2008 4:26am
If you cant post something help full , don't post at all !!!
This IS THE NEWBIE SECTION
  • #55
  • Dec 13, 2008 5:25am Dec 13, 2008 5:25am
  • #56
  • Dec 16, 2008 4:10am Dec 16, 2008 4:10am
Gee, was that your best shot???(LOL)
And after 33 posts you admit you know nothing about fx
Come back in 29 years when you've grown up a bit
  • #57
  • Dec 16, 2008 11:41am Dec 16, 2008 11:41am
Seems like you are gunning for an argument. What's the problem?
  • #58
  • Dec 26, 2008 7:09am Dec 26, 2008 7:09am
Hi guys,i'msorry I have not been able to post,i've just been real busy.Remember that EURCHF trade,well,it went down for its A,up a little for its B,and fell for its C.So,it should have a huge 5 waves up.Of course you'll need to put your fibs in,trade it right,and you should get some pips.Here's an example.
Attached Image (click to enlarge)
Click to Enlarge Name: poiuy.gif Size: 34 KB
  • #59
  • Dec 26, 2008 7:15am Dec 26, 2008 7:15am
Hi guys,i'msorry I have not been able to post,i've just been real busy.Remember that EURCHF trade,well,it went down for its A,up a little for its B,and fell for its C.So,it should have a huge 5 waves up.Of course you'll need to put your fibs in,trade it right,and you should get some pips.Here's an example.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1230296964
  • #60
  • Dec 26, 2008 8:36am Dec 26, 2008 8:36am
I know most of the market is not moving,but the U.S. has a non-Holiday,so,I'd like to squeeze in some pips.
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