Fib which timeframe should I hold bias too?

In terms of fib if the 4hr and 1hr shows that price break the support and price is on the pullback however on the 15min price just broke resistance and is on the pullback which happens to be on the 38.2% off the 1hr fib. Which would you base your biase on? 15min uptrend or 1hr downtrend?

I have this problem after I saw David Peglar on Fxbootcamp. There are so many combination for price to go depending on the timeframe that you see? For such a scenario should i step back and let price decided then I just chase the trend?

Always bias to the higher time frame unless you are trading what you believe to be a reversal.

At the Daily price is rising after a pullback. On the 4hr price is falling after a pullback and on the 1hr price breaks resistance and now is on the pullback. So I am stuck to which fib on which TF I should be using.

So is everybody else, lol. This is a good thread for eu: http://www.forexfactory.com/showthre...77093&page=135

These guys really know their stuff and they, like me, are a bit stumped. We could really do with the fed increasing rates.

How do you know retracement on the daily is over, it may retrace further which would fit in with what the 4 hour is doing.

As far as time frame, what time frame do you normally trade?

I hope you seniors can see this chart.
If you notice on the 15min I have place a resistance with the tag 15min resistance broke. With that this is my trade plan.
I am just following my system not base on whether I am anti trend.
Trade Plan
15min resistance broke. I let price run and I wait for a retracement at 61.8% which is also the resistance turn support, however price hit my order and rise but afterthat a shooting star. I have learn to let price unfold until my reason for entering is gone which unfortuantely is the recent low of this fib at 132.50. I lost over 37pips.
My question is taken into consideration on the 1hr price broke support which is on the 133.59, using fib price is on the pullback which happens to get stall on the 50% off the 1hr fib which also happens to be on the CPP. Which unfortuantely happens for the 15min price to run its course and I am waiting for the pullback.
Which should I place my weight in following my signal? The 1hr support broken with price on the pullback to the 50% cum CPP mark or the 15min resistance broke while I wait for price to pullback to the resistance hopefully turn support which happens to be on the 61.8% and the 15min resistance broke?

I always lose pips to such conflicting weight.
Please help. If you notice I have advance from my MACD and Stoch and now playing on price action with S&R and Fibs. But I am nowhere near in appreciating my captial.
Will keep my post dated with more conflicting signals from Fri 25 Sept
Many thanks for those who reply.

I think it's going to carry on down.

This is Mon 12 Oct.
I would appreciate if you could enlighten me on the coming trade plans and why they fail.
This is the Daily chart if you notice price did break the recent low. So I wait for price to retrace.

None, don't bother with them they don't hold any predictive value and only work on a coincidence level of probability.

Stick to sweetspots 00 and 50 thats about the best you can get!!

Now if you notice on the 4hr price
Price broke the recent high at 1.4673 and made new higher high.
So if wait for a pullback of this 4hr break. I should go in off the previous resistance or either the blue (21EMA) or yellow (55EMA) dynamic support.

Ok so here is the deal. Which should I place my biase on?
The Daily or the 4hr. Looking at the Moving Averages. Trend is up. But looking at price on the daily price broke the recent support have shown a lower low but have not shown a lower high.
But on the 4hr price breaks the recent high and show a higher high.
Who should I choose or place my biase on or which entry should I go in?

2 things to ask, what is sweetspot?
Fib don't work on it on like any other lagging indicator? They only work if they overlap MA or Pivots or S&R?
Please elaborate.

Sweet Spots just 133.00 or 1.5800 for GU, or 1.5850 those work well, over 50% reversal rate if patience to spot S/R is used.

Fib's just don't work at all, yes they'll show you a case where by coincidence it worked and you'll think yeah great, but if you look at the entire chart you'll notice the market completely ignored most of them and to use them woulda of cost you, there aren't enough people working off the same numbers to make it work well.

Sweetspots are common and enough people use them to make them work thankfully.

Looks like I am stuck also. If round number push or pull price then what isn't it more like s&r most effective?

00 and 50 are working better than anything else, used as S/R points, everyones got them and there the same on every chart which kinda helps.

Have you ever looked at them on a close line chart? Many times when price overshoots a big number, the close is at the number.

I tried trading for a bit of a 3 ema with no real time price data, but didn't like it as you can't see the historic moves down to test and back up, which signify S/R.