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My Fibonacci trading system

  • #21
  • Dec 20, 2009 5:59am Dec 20, 2009 5:59am
I found we can trade not only the lines opening up but also the lines closing up to 0-1, see the pic below and there's another 61.8 chance
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  • #22
  • Dec 20, 2009 9:47am Dec 20, 2009 9:47am
Quoting Gladis Night
Hi wjq
thanx for what looks like an interesting system, I am sure that I will have some question soon.
In the mean time, just so that I don't misunderstand things can you confirm or correct the following please
1. Find pair of currencies one strong (+1 or better) one weak (-1 or better )

2. Mark a vertical line at that point

3. Draw Fib retracement from swing High/Low to that point

4. Wait for the retracement to 38.2 or 61.8

5. check Stoch for over bought / sold

6. Entry with SL other side of fib line

7. Target, Draw Fib expansion 1st...




1.trade you like pairs....when you like pairs entry box
(like japan open market,x/usd entry box.you can choose aud or jpy trade)
.you can use g7-usd find strong and week.

example

gbp/usd normail strong than eur/usd
maybe i choose trade gbp/usd

2.3.4 right

5.check kd status...if prefect you can do 1%-2% risk
if not prefect you can do 0.5%-1%
because the stop loss very small.
little risk/more profit....
i will trade.

6.7.8 right right right

market need rhythm

you target get.

wait..wait..look tv..have a rest...

market need rhythm

find next chance.


all right.

macd kd not very importmant.
the system importmant is fibonacci

little risk/more profit.




very importmant
any system

money mangerment

don't use big risk..

chance everyday have.
  • #23
  • Dec 20, 2009 9:51am Dec 20, 2009 9:51am
Quoting jon 1982
I found we can trade not only the lines opening up but also the lines closing up to 0-1, see the pic below and there's another 61.8 chance

yes

g7-usd use find chance
fibonacci+kd find retracement
macd find direction(if you don't like it.don't use)

I like trade eur/usd.
only use
fibonacci+kd find retracement

fibonacci>kd

if i find eur/usd not have chance



g7/usd find chance
fibonacci>kd>macd

this system importmant is fibonacci retracement and expansion


i use kd+macd for add win raido %

but this system risk/reward very good

if you don't use kd+macd

i think you still get great result.
  • #24
  • Dec 20, 2009 10:13am Dec 20, 2009 10:13am
hi wjq
how long do you trade this system and what about your live results ..winers and loosers percentage....
  • #25
  • Dec 20, 2009 12:14pm Dec 20, 2009 12:14pm
Quoting wjqblog
yes

g7-usd use find chance
fibonacci+kd find retracement
macd find direction(if you don't like it.don't use)

I like trade eur/usd.
only use
fibonacci+kd find retracement

fibonacci>kd

if i find eur/usd not have chance



g7/usd find chance
fibonacci>kd>macd

this system importmant is fibonacci retracement and expansion


i use kd+macd for add win raido %

but this system risk/reward very good

if you don't use kd+macd

i think you still get great result.
Buddy thanks for your answer although did not understand you perfectly.
Ok. Now, can you post one example in real time, for example, when you spot good oportunity post example with analysis. Then, when price retrace, when entered etc. Just post pic and short analysis why did you choose that pair.
IF your indicator can predict with good ratio what can happen in next move everything else is simple. But honestly I doubt in that. DO you trade that system for real? How are your results? Or just demo?
Thanks!
  • #26
  • Dec 20, 2009 12:44pm Dec 20, 2009 12:44pm
Quoting $aly
hi wjq
how long do you trade this system and what about your live results ..winers and loosers percentage....
Hi.I am not use many time.
begin i use fibonacci retracement

find market retracement

i use kd and my "market feel"
you know.
"feel" many time conrect..many time wrong.

so i lost many money

..

i use fibonacci because my teacher tell me
he use many time.he tell me he use 4 years.but don't use 15m
but i like 15mintues.
he teach me read a book <<Trading With DiNapoli Levels>>

book teach me some infomation.

you know only read book.you will get none..

only trade

trade+book=money.

now i can say

i have 60-70 win raidos

get money

stop loss*loss radios<profit*win radios

risk:reware in this system

many>1:3

so if i win radios<40%

i am still get money

you think?
  • #27
  • Dec 20, 2009 1:10pm Dec 20, 2009 1:10pm
Quoting wjqblog
Hi.I am not use many time.
begin i use fibonacci retracement

find market retracement

i use kd and my "market feel"
you know.
"feel" many time conrect..many time wrong.

so i lost many money

..

i use fibonacci because my teacher tell me
he use many time.he tell me he use 4 years.but don't use 15m
but i like 15mintues.
he teach me read a book <<Trading With DiNapoli Levels>>

book teach me some infomation.

you know only read book.you will get none..

only trade

trade+book=money.

now i can say

i have 60-70 win raidos

get money...
I think that every system that brings money is ok never mind how win ratio is, but I personaly do not want to trade on that way. Wjq, what do you think of implementing support and resistance level which you notice before? I mean if you see some good rebound from those levels noticed in past?? Because on gbp/usd example is obvious that old rules of changing role between support and resitance is in play. What do you think?
I am very big fun of support and resitance level(horizontal levels) and I have some system that can gives me exact support and resistance levels for some pairs. So please, if you can post some real time trades and if your fib levels match my support and resitance levels I can share here that system. Problem is that is not just simple indicator to spot those levles, it is indicator and knowledge. SO lets first if you want and have time, do some research.
THANKS!
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  • #28
  • Dec 20, 2009 1:15pm Dec 20, 2009 1:15pm
Quoting pilatus
Buddy thanks for your answer although did not understand you perfectly.
Ok. Now, can you post one example in real time, for example, when you spot good oportunity post example with analysis. Then, when price retrace, when entered etc. Just post pic and short analysis why did you choose that pair.
IF your indicator can predict with good ratio what can happen in next move everything else is simple. But honestly I doubt in that. DO you trade that system for real? How are your results? Or just demo?
Thanks!
Hi.OK..today
wait london open.

if i trade
i will post realtime chart

and result



yes real account.

oanda




Now Chinese network access forexfactory very slow.

later.i will update chart.
  • #29
  • Dec 20, 2009 1:57pm Dec 20, 2009 1:57pm
Quoting wjqblog
Hi.OK..today
wait london open.

if i trade
i will post realtime chart

and result



yes real account.

oanda




Now Chinese network access forexfactory very slow.

later.i will update chart.
Excellent buddy, thanks))!
  • #30
  • Dec 20, 2009 2:20pm Dec 20, 2009 2:20pm
Quoting pilatus
I think that every system that brings money is ok never mind how win ratio is, but I personaly do not want to trade on that way. Wjq, what do you think of implementing support and resistance level which you notice before? I mean if you see some good rebound from those levels noticed in past?? Because on gbp/usd example is obvious that old rules of changing role between support and resitance is in play. What do you think?
I am very big fun of support and resitance level(horizontal levels) and I have some system that can gives me exact support and...

sorry my pool english knowlage..

i don't know what you say........

sorry

are you means

support change to resident?

and

you think indicator only indicator

it not real support or resident???
  • #31
  • Edited 3:40pm Dec 20, 2009 2:55pm | Edited 3:40pm
Quoting wjqblog
sorry my pool english knowlage..

i don't know what you say........

sorry

are you means

support change to resident?

and

you think indicator only indicator

it not real support or resident???
Yes, I mean that support change to resitstance and vice versa. I wanted to say if g7 indicator is good in prediction future in some good ration like 80% everything else is simple with fibb's and stochastics etc. But I doubt that g7 can predict further move of particular pair because he shows what happen now in real time and if one pair goes down like eur/usd for example, g7 will show that eur is weak and usd is strong. Ok that is happening with any pair that moves.
But, problem is, if we can with high ratio of prediction by using g7 predict further move after retracement than we have good system, otherwise we guess like any other system. Everything else with fibb's is simple and only issue there is where to enter on 38,2 or 61,8......but, who says that price will continue in our direction if price on 15min candle time frame retrace from 38,2??? That is guessing more than anything else.
SO in other words, if we spot one pair strong and other weak and if after retracement price goes in our direction 8 times of 10, then we can say that g7 is good to be the base of prediction. And on other side if we spot a pair that doesn't have (strong/weak 1/-1)but make some move and if after some retracement we do not se that price go in our direction 8 of 10 times, than we can be pretty sure that g7 is good and we can use it for trading. Otherwise I do not see a good reason why to use g7 indicator.
  • #32
  • Dec 20, 2009 3:32pm Dec 20, 2009 3:32pm
Hi,is any way that i can use g7 on a daily chart??
  • #33
  • Edited 5:10pm Dec 20, 2009 4:50pm | Edited 5:10pm
Quoting pilatus
Yes, I mean that support change to resitstance and vice versa. I wanted to say if g7 indicator is good in prediction future in some good ration like 80% everything else is simple with fibb's and stochastics etc. But I doubt that g7 can predict further move of particular pair because he shows what happen now in real time and if one pair goes down like eur/usd for example, g7 will show that eur is weak and usd is strong. Ok that is happening with any pair that moves.
But, problem is, if we can with high ratio of prediction by using g7 predict...



so many english....

i will cry......

my pool english.....




"but, who says that price will continue in our direction"

good question..

this is importmant..



if you look

when g7 strong+1 week-1 status

in 15m

pairs many have a 50-70pips trend.may be 100pips


i am a day trader.

a day i maybe trade 5 chance.


i want say

trend not easy reverse.

change trend

need time..

time...

you see many "V" trend?

I means down 100pips and fast up 100pips?like a "V"(else news)

it's live.but little.(so we need stop loss)

many trend is continue.

1-down 2 retracement 3.down

classic 1-2-3 trade.

little risk big profit.



if you read book<<trading level>>

in first ..write tell me

he like kd+macd


macd tell direction(strong trader want direction)

kd tell retracement(week trader direction)

1h trend short 15m price up. you know how to do



in first thread

I write

this system is follow trend ......follow trend..


follow macd direction. kd+fibo find good price.


this is a good trade.


sorry my enlish..you know my means??


like this mouth.


eur/usd short.....

1h 4h day
macd short very strong..


any trader ....any time frame trader.

only have a strategy.


high price ...short eur/usd.

and some import price breakout

like eur/usd 1.488x 1.4800

1.476x 1.4700 1.4623 1.4600


some price..in 4h is priview lowest..

them breakout



them can add you win radio


g7 can help you find some you don't find breakout

then you maybe lost start trend pips.

for me ...this is money near pocket (start)


wait...wait.....wait retracement...entry..

good trade~!
  • #34
  • Dec 20, 2009 5:55pm Dec 20, 2009 5:55pm
Quoting wjqblog
so many english....

i will cry......

my pool english.....




"but, who says that price will continue in our direction"

good question..

this is importmant..



if you look

when g7 strong+1 week-1 status

in 15m

pairs many have a 50-70pips trend.may be 100pips


i am a day trader.

a day i maybe trade 5 chance.


i want say

trend not easy reverse.

change trend

need time..

time...

you see many "V" trend?

I means down 100pips and fast up 100pips?like a "V"(else news)

it's live.but little.(so we...
Ok I think I got your point. Just post some live examples today when London open, please......and please, post step by step like you described in first post...I am especially interesting in how you spot strong and weak currency. That means what time of day you analyze pairs, do you pay attention to news etc...thanks, see you on London open and good luck)))
  • #35
  • Edited 4:18am Dec 21, 2009 3:49am | Edited 4:18am
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now london open 2 hours
i say.
i very like trade eur/usd
Japan open until lodon open
down 1.4358-1.4280 near 80pips
so i draw a vertical
draw fibonacce ratracement ....
now wait....
38.2% or 61.8%? and kd valume?

let's see how it goes

in same time.
G7 usd tell me aud/usd may be breakout support.
you will wait it!
if breakout..wait retracement is a good entry





now have 2 chance

38.2 i test once stop loss miss 10pips (1/3 lots)
61.8 i test twice (100% lots everybody have himslef money managerment don't learn me.100% lots very dangerous.i have another account buy stop eur/usd in stop loss price)

kd volume near 75

see it later
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  • #36
  • Dec 21, 2009 4:03am Dec 21, 2009 4:03am
Quoting wjqblog
Attachment
now london open 2 hours
i say.
i very like trade eur/usd
Japan open until lodon open
down 1.4358-1.4280 near 80pips
so i draw a vertical
draw fibonacce ratracement ....
now wait....
38.2% or 61.8%? and kd valume?

let's see how it goes

in same time.
G7 usd tell me aud/usd may be breakout support.
you will wait it!
if breakout..wait retracement is a good entry
Excellent buddy, following your instructions, keep posting....as I see 38.2 doesn't hold so far will see 61,8(EUR/USD). What is kd valume??
  • #37
  • Dec 21, 2009 4:30am Dec 21, 2009 4:30am
According to my system good resistance for eur/usd is between 1,434-1.435...will see...
  • #38
  • Dec 21, 2009 7:21am Dec 21, 2009 7:21am
Can somebody please clarify the entry rules?
Drawing of fibonacci lines?

Is there any selective time to look for fibonacci high/low swing or we can go with any high/low swing during the any market session?

Regards
fasi
  • #39
  • Dec 21, 2009 8:06am Dec 21, 2009 8:06am
Hi
As I understand things (and I might easily be wrong) once you have identified your strong/weak pair the fib is drawn from the Hi/Lo imediately beforeto the next Hi/Lo . As we are waiting for a retrace this point may need to be adjusted. entry is then at either 38.2 or better 61.8 with confirmation of risk overbought/sold
best regards
" When the ship starts to sink, don't just pray. JUMP "
  • #40
  • Dec 21, 2009 11:07am Dec 21, 2009 11:07am
Quoting Gladis Night
Hi
As I understand things (and I might easily be wrong) once you have identified your strong/weak pair the fib is drawn from the Hi/Lo imediately beforeto the next Hi/Lo . As we are waiting for a retrace this point may need to be adjusted. entry is then at either 38.2 or better 61.8 with confirmation of risk overbought/sold
best regards

yes all right..

try this system
tell me result
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