Fib 4Hour MTF Moving Average | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF moving average (price touch or nearby) alert 9 replies

MTF Moving Average 22 replies

Simple Moving Average Vs. Moving Average? 8 replies

MTF Moving Average 3 replies

Moving average MTF table 2 replies

Attachments: Fib 4Hour MTF Moving Average
Exit Attachments

Fib 4Hour MTF Moving Average

  • #81
  • Jan 28, 2009 8:09pm Jan 28, 2009 8:09pm
Quoting kareem
i trade it on the 15min. chart and check my trades every 2-3hrs., i use 25 TRAILING STOP for gpb/usd,gbp/jpy & 15 TRAILING STOP for aud/usd,eur/usd and did not have a losing trade yet WHAT A GUY THANKS ROB!!!
Great Kareem, i haven´t tried on the 15M, but i will give it a try keep up the good work.
  • #82
  • Jan 28, 2009 8:14pm Jan 28, 2009 8:14pm
robby would this be a correct short entry at 38.2 fib (stopped out at a 25 pip gain as 75 ts hit) and then a short once again at 61.8 and stopped out with a 25 pip gain once again (75 trailing stop hit)
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
  • #83
  • Jan 28, 2009 8:20pm Jan 28, 2009 8:20pm
Great thread you have here robby. Kareem, in using the 15m, what's the average candle count do you have when drawing your fibs? Obviously there will be more candles as opposed to the 4 hr. Or maybe you could post a chart or two.. Thanks.
  • #84
  • Edited 8:56pm Jan 28, 2009 8:22pm | Edited 8:56pm
Quoting fugly
robby would this be a correct short entry at 38.2 fib (stopped out at a 25 pip gain as 75 ts hit) and then a short once again at 61.8 and stopped out with a 25 pip gain once again (75 trailing stop hit)
Hi Fugly, first, that trade you pointed is too close to the weekend, i close all of my trades at 4:00 p.m friday (NY time), your fib should start from the pointed candle on the pict, and yes you are correct, should have a net of 50 pips+ if it were a regular day
Attached Image (click to enlarge)
Click to Enlarge Name: chartpng.png Size: 14 KB
  • #85
  • Jan 28, 2009 8:31pm Jan 28, 2009 8:31pm
Quoting miketodd
Great thread you have here robby. Kareem, in using the 15m, what's the average candle count do you have when drawing your fibs? Obviously there will be more candles as opposed to the 4 hr. Or maybe you could post a chart or two.. Thanks.
THIS I MADE 30PIPS GOT FILLED AT 3:24EST GOT ST OUT 8:30
  • #86
  • Jan 28, 2009 8:32pm Jan 28, 2009 8:32pm
Quoting miketodd
Great thread you have here robby. Kareem, in using the 15m, what's the average candle count do you have when drawing your fibs? Obviously there will be more candles as opposed to the 4 hr. Or maybe you could post a chart or two.. Thanks.
DON'T KNOW HOW TO ADD CHART NEED HELP
  • #87
  • Jan 28, 2009 8:35pm Jan 28, 2009 8:35pm
Quoting miketodd
Great thread you have here robby. Kareem, in using the 15m, what's the average candle count do you have when drawing your fibs? Obviously there will be more candles as opposed to the 4 hr. Or maybe you could post a chart or two.. Thanks.
***
Attached Image (click to enlarge)
Click to Enlarge Name: 38.2.gif Size: 15 KB
  • #88
  • Jan 28, 2009 9:09pm Jan 28, 2009 9:09pm
Hi,
I just stumbled upon this thread - was interested as I too use fib in my day trading method.

Just trying this out on E/$ - am I doing it the right way? Planning to go LONG at the 61.8% fib.

My question is : have I got the swing hi/low right for the fib? since it is very subjective, I could have started the fib two candles earlier than where it is now.
Attached Image (click to enlarge)
Click to Enlarge Name: fibmethod-eur.gif Size: 37 KB
  • #89
  • Jan 28, 2009 9:19pm Jan 28, 2009 9:19pm
Quoting denverdude
Hi,
I just stumbled upon this thread - was interested as I too use fib in my day trading method.

Just trying this out on E/$ - am I doing it the right way? Planning to go LONG at the 61.8% fib.

My question is : have I got the swing hi/low right for the fib? since it is very subjective, I could have started the fib two candles earlier than where it is now.
Hi Denver, you got the fib correctly, and as you can see you could have a nice bounce off the 38.2 for a couple of +pips also, and i would buy also on the 61.8
  • #90
  • Jan 28, 2009 9:21pm Jan 28, 2009 9:21pm
Quoting kareem
i trade it on the 15min. chart and check my trades every 2-3hrs., i use 25 TRAILING STOP for gpb/usd,gbp/jpy & 15 TRAILING STOP for aud/usd,eur/usd and did not have a losing trade yet WHAT A GUY THANKS ROB!!!
Wow this method looks simple and effective...Thanks for sharing too all
Question here...
Are you using the same Stops as the method on 4H...68 level and 68 + WHAT??? Or you just set a tralling stop of 25 in any of the two levels to say for G/U

How much Percent of you account you trade each time???

Thanks a lot...
  • #91
  • Jan 28, 2009 9:25pm Jan 28, 2009 9:25pm
i hope the pic makes sense, as you can see, i am almost all the time into trades, following the last swings
Attached Image (click to enlarge)
Click to Enlarge Name: GU current 1-28-2009.jpg Size: 102 KB
  • #92
  • Jan 28, 2009 9:33pm Jan 28, 2009 9:33pm
Quoting egejo
Wow this method looks simple and effective...Thanks for sharing too all
Question here...
Are you using the same Stops as the method on 4H...68 level and 68 + WHAT??? Or you just set a tralling stop of 25 in any of the two levels to say for G/U

How much Percent of you account you trade each time???

Thanks a lot...
Hi, the question should go to Kareem as he is the one trading it on the 15M, i trade 0.1 lot because of margin problems, and i have maximum of the 3 open trades in different currencies
  • #93
  • Jan 28, 2009 9:45pm Jan 28, 2009 9:45pm
Does anyone know why the name of the thread has changed to Fib 4Hour MTF Moving Average?...
  • #94
  • Jan 28, 2009 10:28pm Jan 28, 2009 10:28pm
Quoting egejo
Wow this method looks simple and effective...Thanks for sharing too all
Question here...
Are you using the same Stops as the method on 4H...68 level and 68 + WHAT??? Or you just set a tralling stop of 25 in any of the two levels to say for G/U

How much Percent of you account you trade each time???

Thanks a lot...
NO THE LARGER THE TIMEFRAME BIGGER THE TS,YES 25 TS ON BOTH LEVELS,5% OF MONTHLY END BALANCE (that just my money magn.)
  • #95
  • Jan 28, 2009 10:32pm Jan 28, 2009 10:32pm
Quoting robby2007
i hope the pic makes sense, as you can see, i am almost all the time into trades, following the last swings
i was thinking,trading with a broker that has a dealing desk ,u migth can beat them at thier own game,what do u think
  • #96
  • Jan 28, 2009 10:39pm Jan 28, 2009 10:39pm
hey robby , i think this system works better after wednesday (oz) when the market has sorted itself out
  • #97
  • Jan 28, 2009 10:45pm Jan 28, 2009 10:45pm
Quoting kareem
i was thinking,trading with a broker that has a dealing desk ,u migth can beat them at thier own game,what do u think
I have no clue what you mean
  • #98
  • Jan 28, 2009 11:16pm Jan 28, 2009 11:16pm
Quoting robby2007
I have no clue what you mean
bcause market makers create alot of movements,trying to hit stoplosses
  • #99
  • Jan 29, 2009 2:53am Jan 29, 2009 2:53am
Could you say me - These fibs are correct?

http://www.ii4.ru/images/513405111.gif
  • #100
  • Jan 29, 2009 2:56am Jan 29, 2009 2:56am
Hi Rob,

Just trying to understand how you pull your fibs. I see you have some very long term fibs on your chart in one direction and other shorter fibs pulled in the opposite direction. I must admit this is where most people, me included, get a bit confused with how fibs are pulled.

Ok, I have series of EURUSD 4 hr charts. The first one shows a fib pulled from the swing low to the swing high. In this case you would buy at the 38.2 and 61.8 fib levels. Price moves higher and the next chart shows the new swing high and low in the progression. Now price retraces back to the 38.2 fib and we buy again. The third chart shows that price goes higher and retests the last swing high but does not break that level. So my question here is do we pull a new swing high and low from points A - B or do we leave the last fib as is since it didn't break the previous swing high? If we do leave the original fib in place then would we buy again @ the 38.2 and 61.8 fibs, points C and D?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4hr example t1.gif Size: 21 KB
Click to Enlarge Name: eurusd 4hr example t2.gif Size: 20 KB
Click to Enlarge Name: eurusd 4hr example t3.gif Size: 23 KB
0 traders viewing now