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Fibonacci Trading with Bobokus

  • #7,441
  • Dec 30, 2008 3:11am Dec 30, 2008 3:11am
Thanks, yesterday was a good-ish day.
  • #7,442
  • Dec 30, 2008 5:29pm Dec 30, 2008 5:29pm
Quoting jicjoc
Im with you on EU short. Lovely 4 hour pin about to close on 1.43 area
I was watching that but stupidly didn't take it. Working this week and was distracted from watching closely enough. I need to take breaks at 9am and 1pm when working so I can get the new 4H opens.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,443
  • Dec 30, 2008 9:04pm Dec 30, 2008 9:04pm
Hi,

I want to try Fibonacci but my broker Oanda does not have this indicator. I have a live account with Oanda. I can use charts from any meta trader platform and use Oanda for trading. But, I don't like this approach as the prices and times are different between two brokers. Is there any one here who uses Oanda for trading and use Fibonacci indicator in other environment? Otherwise, Can you please suggest any good meta trader for mini account in US?

thanks,
-FX_California
  • #7,444
  • Dec 30, 2008 9:38pm Dec 30, 2008 9:38pm
Oanda charts do have the Fibonacci indicator. You should see an "/" next to the Buy Sell buttons on your chart. Left click it and you'll see the Fibonacci tool.

Trade Well,
Brent


Quoting FX_California
Hi,

I want to try Fibonacci but my broker Oanda does not have this indicator. I have a live account with Oanda. I can use charts from any meta trader platform and use Oanda for trading. But, I don't like this approach as the prices and times are different between two brokers. Is there any one here who uses Oanda for trading and use Fibonacci indicator in other environment? Otherwise, Can you please suggest any good meta trader for mini account in US?

thanks,
-FX_California
  • #7,445
  • Dec 30, 2008 10:30pm Dec 30, 2008 10:30pm
Thanks. I forgot to check. I just opened a live account but still want to play with demo untill I feel comfortable and become consistently profitable. May be it will never happen. Well, will still try.
Quoting forex2stay
Oanda charts do have the Fibonacci indicator. You should see an "/" next to the Buy Sell buttons on your chart. Left click it and you'll see the Fibonacci tool.

Trade Well,
Brent
  • #7,446
  • Dec 31, 2008 3:38pm Dec 31, 2008 3:38pm
Alright wish you guys the best for 09 and I will start trading again next week....take care guys
  • #7,447
  • Dec 31, 2008 3:45pm Dec 31, 2008 3:45pm
  • #7,448
  • Edited 6:54pm Jan 2, 2009 4:54am | Edited 6:54pm
I had a sell stop as you can see (blue line) in the early asian session after watching the price action and I decided to scalp into the intraday. I am up over 200 pips now and trailing my stop until market takes me out or I reach my target.
Attached Image (click to enlarge)
Click to Enlarge Name: 15.JPG Size: 182 KB
  • #7,449
  • Jan 3, 2009 6:10pm Jan 3, 2009 6:10pm
Hope everybody has a great Holiday season and wish you all a very prosperous 2009!
  • #7,450
  • Jan 3, 2009 6:15pm Jan 3, 2009 6:15pm
For anyone interested I have a few updated charts on the longer TFs with the fibs applied!
In this case in order to capture the previous uptrend on GU we need the weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: uptrend.jpg Size: 127 KB
  • #7,451
  • Jan 3, 2009 6:25pm Jan 3, 2009 6:25pm
For last short we can scroll down to daily.Observe the blue lines from the uptrend fib (prev. chart)
You'll have also the template with all the fibs on them ,updated.
This is for GU only.Start with higher TF and go down to 1hr.
Attached Image (click to enlarge)
Click to Enlarge Name: downtrend gu.jpg Size: 110 KB
Attached File(s)
File Type: tpl fibo 2009.tpl   6 KB | 472 downloads
  • #7,452
  • Jan 3, 2009 7:02pm Jan 3, 2009 7:02pm
A rejection from the intraday levels(1hr chrt) could signal a continuation of the downtrend if will see a close below 1.4377 (Intraday low).A rejection of this level means that mkt. could go in range.
I will look to go long only if I see a close about 1.4614 on 1hr. with Fridays high initial target!Unless mkt. rich T1 on the upside we can not talk about the possibility of a trend reversal from a larger point of view.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr..jpg Size: 111 KB
Click to Enlarge Name: 1hr..jpg Size: 121 KB
  • #7,453
  • Jan 3, 2009 7:13pm Jan 3, 2009 7:13pm
Good stuffs there speedarad, thank you for sharing
  • #7,454
  • Jan 3, 2009 7:37pm Jan 3, 2009 7:37pm
Eur looks caught between fibo levels on Daily and of course, hourly as well.
This "=" Range.I believe if it will be a thrill to see how price is going to react on this levels! Is the recent uptrend gone break 1.4619? if we get a close above this level on a daily ,then maybe the down trend retracement (red fib ) is over for now and we may challenge the old 1.6035 (uptrend high blue fib).
Price will tell us.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 132 KB
Click to Enlarge Name: eur 1hr.jpg Size: 123 KB
  • #7,455
  • Jan 3, 2009 7:40pm Jan 3, 2009 7:40pm
Quoting xcov
Good stuffs there speedarad, thank you for sharing
Thank you .

I'm just updating some stuff Bobokus presented in the past ,nothing new.
  • #7,456
  • Jan 3, 2009 7:57pm Jan 3, 2009 7:57pm
Here is a look at 4hr. I add the retracement (purple) fib and I'm measuring the last up move as you can see. A rejection of this levels(purple) could signal an up move.
I hope it doesn't get to confusing ! Just try to make it easier for those who follow Shermanator's trades that he probably gonna put them up on Sunday night.
I attached the template as well.
Remember this one is good for EU only and start from Daily so you can see all the fibs on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 4hr.jpg Size: 125 KB
Attached File(s)
File Type: tpl eu 09.tpl   6 KB | 421 downloads
  • #7,457
  • Jan 4, 2009 6:45am Jan 4, 2009 6:45am
Many thanks for your fine work, speedarad.
  • #7,458
  • Jan 4, 2009 7:59am Jan 4, 2009 7:59am
Bobokus, I went to your website and must say it is very impressive. I would like to be on the email list for more info. I am curious about the additional fib training and the other aspects of being in Trade Kings. Did you ever get the training CDs completed or are they still " in the works" ? Keep up the good work.
  • #7,459
  • Jan 4, 2009 12:32pm Jan 4, 2009 12:32pm
Quoting speedarad
For anyone interested I have a few updated charts on the longer TFs with the fibs applied!
In this case in order to capture the previous uptrend on GU we need the weekly chart.
Its wrong bud pull it to 1984s low
  • #7,460
  • Jan 4, 2009 12:37pm Jan 4, 2009 12:37pm
Quoting speedarad
Here is a look at 4hr. I add the retracement (purple) fib and I'm measuring the last up move as you can see. A rejection of this levels(purple) could signal an up move.
I hope it doesn't get to confusing ! Just try to make it easier for those who follow Shermanator's trades that he probably gonna put them up on Sunday night.
I attached the template as well.
Remember this one is good for EU only and start from Daily so you can see all the fibs on the chart.
Also this fibb is the swing the major 4 hour swing meaning not the most important levels....your placing the swing fibb to the main swing
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