Fibonacci Trading with Bobokus | Page 400 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

fibonacci trading log 2 replies

Need help Bobokus Fibo template 1 reply

Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies

Attachments: Fibonacci Trading with Bobokus
Exit Attachments

Fibonacci Trading with Bobokus

  • #7,981
  • Jun 9, 2009 5:29pm Jun 9, 2009 5:29pm
Same thing on euro, we are in the middle of two resistance and support levels I'm watching, sell around 1.4160 and buy around 1.4000
Attached Image (click to enlarge)
Click to Enlarge Name: is2.gif Size: 34 KB
  • #7,982
  • Jun 9, 2009 5:32pm Jun 9, 2009 5:32pm
Same thinking bud...

Will be seeking to buy if we dip to the 6150 area....I like the current location to sell but time of the time of the day is not good as well as the price action. If we roll over I will most likely participate in the short tomorrow... If we go up I will be looking to sell around 6450 257957

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 43 KB
  • #7,983
  • Jun 9, 2009 5:33pm Jun 9, 2009 5:33pm
cleaner picture of a possible H&S....
longs and shorts possible let's see how it unfolds tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: is3.gif Size: 30 KB
  • #7,984
  • Jun 10, 2009 4:07am Jun 10, 2009 4:07am
Ok, I am getting back into trading and I am hoping some of you might help, I really appreciate it.

In the H4 picture I can see that there is a major resistance level being tested atm. It would easy to know if level was broken or held, but as for entry how would that work?

In the H1 picture I am seeing that there are some very minor lows being made while level is being tested. I am just curious how the entry could be made, and where intraday fibs would be setup here. And to enter do we wait for breakout or first rejection of level before entring, or we go in?

Thanx a lot.
TheLegace.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.june10-09.gif Size: 24 KB
Click to Enlarge Name: gu.june10-09.h1.gif Size: 29 KB
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #7,985
  • Jun 10, 2009 4:29am Jun 10, 2009 4:29am
Quoting TheLegace
Ok, I am getting back into trading and I am hoping some of you might help, I really appreciate it.

In the H4 picture I can see that there is a major resistance level being tested atm. It would easy to know if level was broken or held, but as for entry how would that work?

In the H1 picture I am seeing that there are some very minor lows being made while level is being tested. I am just curious how the entry could be made, and where intraday fibs would be setup here. And to enter do we wait for breakout or first rejection of level before entring,...
I wouldn't look for a buy at this area. Rather trying to find a spot to sell
  • #7,986
  • Jun 10, 2009 4:31am Jun 10, 2009 4:31am
Quoting islandtrader
I wouldn't look for a buy at this area. Rather trying to find a spot to sell
Yep he bought an ovoerbought market...market was to extended...we dont have enought buyers in the market to maintain price so high after such a bullish run
  • #7,987
  • Jun 10, 2009 4:37am Jun 10, 2009 4:37am
Quoting Shermenator
Yep he bought an ovoerbought market...market was to extended...we dont have enought buyers in the market to maintain price so high after such a bullish run
yes it seems unlikely that price goes higher without a retrace at least.... but if I were to buy the breakout I would wait for a bounce from 1.6440 although the next resistance at 1.6500 might dampen the run....
Attached Image (click to enlarge)
Click to Enlarge Name: is.gif Size: 39 KB
  • #7,988
  • Jun 10, 2009 4:39am Jun 10, 2009 4:39am
Quoting islandtrader
yes it seems unlikely that price goes higher without a retrace at least.... but if I were to buy the breakout I would wait for a bounce from 1.6440 although the next resistance at 1.6500 might dampen the run....

Yep I agree....we have to make sure our entry has alot of confirmation to it so we dont get cought in all of the wip the market has been giving to all the people trying to stand in front of the train.
  • #7,989
  • Jun 10, 2009 4:43am Jun 10, 2009 4:43am
I quickly realized that resistance was going to hold so I am looking to sell.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #7,990
  • Jun 10, 2009 4:45am Jun 10, 2009 4:45am
Quoting Shermenator
Yep I agree....we have to make sure our entry has alot of confirmation to it so we dont get cought in all of the wip the market has been giving to all the people trying to stand in front of the train.
Right, the news spike down might retrace and give us a nicer entry closer 1.6440
I don't chase the market, so I miss out on many setups but at least I get whipsawed less
  • #7,991
  • Jun 10, 2009 4:56am Jun 10, 2009 4:56am
I wouldn't mind if Euro would go up a bit more for a sell opp. around 4160...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
  • #7,992
  • Jun 10, 2009 4:56am Jun 10, 2009 4:56am
My 4hr chart looks so wired.It's probably missing data.Funny thing I'm pretty sure I have lt last night.
Other than that, I agree with Sherm and Island, we may start to see some sells kicking in.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp wired.jpg Size: 98 KB
  • #7,993
  • Jun 10, 2009 5:01am Jun 10, 2009 5:01am
Quoting speedarad
My 4hr chart looks so wired.It's probably missing data.Funny thing I'm pretty sure I have lt last night.
Other than that, I agree with Sherm and Island, we may start to see some sells kicking in.
Yeah looks like you're missing some candles on your chart

how come you only got 4 digits on IBFX? My demo has 5
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 31 KB
  • #7,994
  • Jun 10, 2009 5:27am Jun 10, 2009 5:27am
Quoting islandtrader
Yeah looks like you're missing some candles on your chart

how come you only got 4 digits on IBFX? My demo has 5
It's a live acc. and I always have it with 4 digits.
My demo has it with 5 thou. I had no idea way they didn't change it on the live acc.
  • #7,995
  • Jun 10, 2009 5:31am Jun 10, 2009 5:31am
I have Interbank with 4 digits....I just dont do the uptdate but mine is demo though since I trade live with GFT
  • #7,996
  • Jun 11, 2009 3:55am Jun 11, 2009 3:55am
Hi,
I find the system appealing being a user of fib,but i have problem gettig the pdf fle posted by Bob on page 1 downloaded.Each time i do it doesn't open on my computer.Is it a problem with my system or the file is corrupted.Can someone with a good version pls post it for me to download?Thanks!
  • #7,997
  • Jun 11, 2009 4:03am Jun 11, 2009 4:03am
Quoting jeffokes
Hi,
I find the system appealing being a user of fib,but i have problem gettig the pdf fle posted by Bob on page 1 downloaded.Each time i do it doesn't open on my computer.Is it a problem with my system or the file is corrupted.Can someone with a good version pls post it for me to download?Thanks!
Do you mean the fibtoolbasics pdf?

Try this....
Attached File(s)
File Type: pdf 071008_#1_Fibtoolbasics.pdf   555 KB | 1,776 downloads
  • #7,998
  • Jun 12, 2009 4:09am Jun 12, 2009 4:09am
looking to long in this area
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
  • #7,999
  • Jun 12, 2009 4:13am Jun 12, 2009 4:13am
I also like this level from the 4hr perspective...
let's see if 4030 area holds for now or if price just breaks through it
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 33 KB
  • #8,000
  • Jun 12, 2009 5:09am Jun 12, 2009 5:09am
8100 level slowly getting interesting
Attached Image (click to enlarge)
Click to Enlarge Name: au1.gif Size: 37 KB
31 traders viewing now