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Fibonacci Trading with Bobokus

  • #7,861
  • Mar 31, 2009 3:56am Mar 31, 2009 3:56am
Quoting Fana
Shermenator, thank you... so 24candles on 1H is all right? Now i dont know exactly what to trade... what has priority...
Dont go back to yestersteady and count 24 hour candles you would be to mechanical...look at yesterdays movement and look at what is controlling the market ...both timeframes are correct and both traders could win ...it all comes down to how you manage the trade
  • #7,862
  • Mar 31, 2009 8:12pm Mar 31, 2009 8:12pm
Looks like break to upside.
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  • #7,863
  • Mar 31, 2009 8:14pm Mar 31, 2009 8:14pm
I think its a bit too early to tell, It did break the resistance level, but I can't find any market sentiment. I am waiting for a breakout of some sort, either up or down, to show me where the market really is.
  • #7,864
  • Mar 31, 2009 9:38pm Mar 31, 2009 9:38pm
I'll take that 27 pips at t1, thankyou very much.
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  • #7,865
  • Mar 31, 2009 10:07pm Mar 31, 2009 10:07pm
This needs no explaination. As Classic as it gets.
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  • #7,866
  • Mar 31, 2009 10:52pm Mar 31, 2009 10:52pm
I like it when a plan comes together.
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  • #7,867
  • Apr 1, 2009 3:37am Apr 1, 2009 3:37am
Quoting kpt1956
I like it when a plan comes together.
look for bounce/rejection on trendline
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,868
  • Apr 1, 2009 6:30pm Apr 1, 2009 6:30pm
Still having a problem with understanding market setiment. I want to go long EU off the daily, but here is EU off the 1hr, showing support and resistance fibs...both fibs are being respected.

How do I use this in my aid to take the trade? I looked at the 4hr, and its very similar.

I could just take the break of highs or lows from the daily, but i dont want a "late" entry if i can get in sooner.
  • #7,869
  • Apr 1, 2009 6:31pm Apr 1, 2009 6:31pm
forgot the chart
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  • #7,870
  • Apr 2, 2009 2:31am Apr 2, 2009 2:31am
Quoting big_pipin
Still having a problem with understanding market setiment. I want to go long EU off the daily, but here is EU off the 1hr, showing support and resistance fibs...both fibs are being respected.

How do I use this in my aid to take the trade? I looked at the 4hr, and its very similar.

I could just take the break of highs or lows from the daily, but i dont want a "late" entry if i can get in sooner.
Euro is raging for a while now.It's difficult to take breakout trades on a daily chart.It's easier to either wait for the mkt to break out of this range or to scalp the mkt. bet S/R levels on lower TF.
But if you still don't see any opportunities look at GU .Is much more tradeble right now.
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  • #7,871
  • Apr 2, 2009 9:41pm Apr 2, 2009 9:41pm
yes i have about 150+ pips on gu right now, looking to add after this pullback
  • #7,872
  • Apr 4, 2009 6:51am Apr 4, 2009 6:51am
I tried to improve my charts, here is daily and H4... is it ok??? I think, that retracement from intraday high is possible. It coul go back down into trading zone and after that, can be possible to trade a break from it... In case when it wont go down, there can be break of intraday high, but i think, this wont happen... Thank you for comments.
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  • #7,873
  • Apr 4, 2009 6:54am Apr 4, 2009 6:54am
sorry for red fibo-it should be "range" and it is turned...
  • #7,874
  • Apr 4, 2009 11:49am Apr 4, 2009 11:49am
I am just searching throw forexfactory, trying to find out, how much money is normally possible to win monthly... Please, is it average 5,10,100...%. Thx.
  • #7,875
  • Apr 4, 2009 12:01pm Apr 4, 2009 12:01pm
Quoting Fana
I am just searching throw forexfactory, trying to find out, how much money is normally possible to win monthly... Please, is it average 5,10,100...%. Thx.

This is not a question that helpes you by being answered. Every trader makes different results.
  • #7,876
  • Apr 4, 2009 12:09pm Apr 4, 2009 12:09pm
Shermenator, thanks. I am trying to do my trading plan.. So if I will know, that 1000% per month is not possible, its also good info for me... If I will know, that normaly it is 5 to 20%, it maybe help me...
  • #7,877
  • Apr 5, 2009 8:52am Apr 5, 2009 8:52am
Quoting Shermenator
This is not a question that helpes you by being answered. Every trader makes different results.
Hello friend,
I like ur response to that question,sherm where av u been?
U neglect your friend
No shakings,just keep things going on
I miss you.
  • #7,878
  • Apr 6, 2009 8:33am Apr 6, 2009 8:33am
I took a short on EU a while ago, my long position stopped an reversed and I am seeing green pips for today.

Good Luck.
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #7,879
  • Apr 6, 2009 2:57pm Apr 6, 2009 2:57pm
The short I made on EU gave me about 99 pips, starting tommorow I am going to add on USDJPY to my regular trading.

Good Luck Guys.

TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #7,880
  • Apr 7, 2009 3:08am Apr 7, 2009 3:08am
Quoting TheLegace
The short I made on EU gave me about 99 pips, starting tommorow I am going to add on USDJPY to my regular trading.

Good Luck Guys.

TheLegace.


Nice one friend,
I also took the trade,am presently short on both fiber and cable.
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