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My Fibonacci trading system

  • #121
  • Dec 23, 2009 2:32am Dec 23, 2009 2:32am
Quoting eTrader
Hello,

What color for Gold or no color defined for Gold ?
The last black color doesn't do anything...
eTrader,
Can't see any for gold , black does not appear to be allocated
" When the ship starts to sink, don't just pray. JUMP "
  • #122
  • Dec 23, 2009 3:20am Dec 23, 2009 3:20am
Quoting banzai
wjqblog or anyone, is this right for GBPCAD, Dec. 22nd, 2009?

1. I see CAD is strong, GBP is weak. Draw a vertical line.
2. Draw a Fibo
3. Price resists around Fibo 38.2
4. Draw another Fibo
5. Short @ Fibo (38.2) - 1.6940
6. Exit @ Fibo (100) - 1.6899.

Profit is 41 pips.
Hello

Use the Fibonacci Tool: Fibonacci Expansion for your profit target instead of the normal Fibonacci tool "Fibonacci Retracement"

Goto main toolbar and click on "Insert"
Drop down menu:
Menu Fibonacci---> Fibonacci Retracement
Menu Fibonacci--->Time Zones
Menu Fibonacci---> Fan
Menu Fibonacci---> Arcs
Menu Fibonacci---> Fibonacci Expansion

Choose "Fibonacci Expansion"

eTrader,
  • #123
  • Dec 23, 2009 3:22am Dec 23, 2009 3:22am
Quoting Gladis Night
Hi pj
EUR is Aqua
CHF is medium orchid

put cursor on line will tell you
Hello Gladis Night

I did not know touching the line would tel me the currency. You are the best. Thanks.
  • #124
  • Dec 23, 2009 3:25am Dec 23, 2009 3:25am
How to use Fibonacci extension:
Fibonacci Expansion

eTrader,
  • #125
  • Dec 23, 2009 3:26am Dec 23, 2009 3:26am
Quoting pj.waterloo
Can I use it to trade H4 and D (because my high commitment in work then family)?
Hello wjqblog & senior traders

Can I change the setting to trade Daily?
  • #126
  • Dec 23, 2009 3:55am Dec 23, 2009 3:55am
Quoting Pip26
Thanx for clarification.

If we wait for revere bar & Lower high than Previous bar high so do u think we will get the exact value of 61.8. I mean if we wait for the reversal candle to close then next candle will make lower high again in reversal direction and if we place our entry exactly on fibo values then we can miss it. so do u think it is okay if we place our entry below / above 10 pips of fibo value?
The entry is not exactly on fibo levels. I think it is the open of the bar after the reverse bar which has a lower high than previous bar.
  • #127
  • Dec 23, 2009 4:11am Dec 23, 2009 4:11am
Quoting Feihong
The entry is not exactly on fibo levels. I think it is the open of the bar after the reverse bar which has a lower high than previous bar.
Hello Feihong,

Thanx for your all clarification to me. i will post my today's chart with entry for more clarification.

Thanx a lot
  • #128
  • Dec 23, 2009 6:00am Dec 23, 2009 6:00am
How do you draw the Fibo extension line?
Do you make FE 61.8 equals to Fibo 0.0?
Attached Image
  • #129
  • Edited 6:34am Dec 23, 2009 6:14am | Edited 6:34am
Quoting banzai
How do you draw the Fibo extension line?
Do you make FE 61.8 equals to Fibo 0.0?
Hello Banzai,

This link will help you for drawing a Fibonacci Expansion

How to draw Fib Expansion

See also:
http://www.babypips.com/school/fibonacci_extension.html


Educational video:
How to trade with Fibonacci

eTrader,
  • #130
  • Dec 23, 2009 6:21am Dec 23, 2009 6:21am
Hi Banzai
Draw extension using the same points as you use when drawing retracement
" When the ship starts to sink, don't just pray. JUMP "
  • #131
  • Edited 7:29am Dec 23, 2009 6:50am | Edited 7:29am
Watch USDCAD M15 for a Short Trade
Still waiting for the Low
CAD = +2.34
USD = -1.07

Price 70 pips down

eTrader,
  • #132
  • Dec 23, 2009 7:02am Dec 23, 2009 7:02am
Good call, Thanx
" When the ship starts to sink, don't just pray. JUMP "
  • #133
  • Dec 23, 2009 7:04am Dec 23, 2009 7:04am
also USDCHF
" When the ship starts to sink, don't just pray. JUMP "
  • #134
  • Dec 23, 2009 7:23am Dec 23, 2009 7:23am
hi mate
this sems like a good system
my only question is how does the g7_usd works

sorry my dumm question but i am new in forex
I think that that indicator is good if we know how to work whit it
  • #135
  • Dec 23, 2009 7:29am Dec 23, 2009 7:29am
Hi.everybody

etrader and any trader.


you learn my system very well

you do better than me

i think this system is near"prefect"

and i think there everybody don't have any question

this system is very simple.

so I think future I don't repost the thread.

else any new question.


I think this system can help you get money


Good luck..




Etrader.Aud/usd trader(prefect).!
  • #136
  • Dec 23, 2009 7:38am Dec 23, 2009 7:38am
Hi wjq
Thanx again for sharing your great system
" When the ship starts to sink, don't just pray. JUMP "
  • #137
  • Dec 23, 2009 8:14am Dec 23, 2009 8:14am
Quoting wjqblog
Hi.everybody

etrader and any trader.


you learn my system very well

you do better than me

i think this system is near"prefect"

and i think there everybody don't have any question

this system is very simple.

so I think future I don't repost the thread.

else any new question.


I think this system can help you get money


Good luck..




Etrader.Aud/usd trader(prefect).!

Hi wjqblog,

Also thanks for your nice, simple and powerfull FX Trading System with the nice G7-USD indicator, which I like very much !

-Simple System
-Low Risk, High Profit
-Entry and Exit are well defined
-High confidence in using the system

Thanks for your Time and efford to learn us your great G7-USD system !

All the best and trade well,

eTrader
  • #138
  • Dec 23, 2009 8:20am Dec 23, 2009 8:20am
everybody

if you learn my system
and you get money
please rating my thread 5 star.
hehe.

thank you.I think my system can get the rating..
  • #139
  • Edited 8:56am Dec 23, 2009 8:38am | Edited 8:56am
hi,wjqblog,thank you for share the system,by the way,I have someting still puzzle.I would appreciate if you could tell me.

1 how to recognize the EUR(pale)and USD(white),they have the almost the same colour.
2 what are the two ma lines on you picture,EMA OR SMA (the parameter?)

thank you

bill
  • #140
  • Dec 23, 2009 8:52am Dec 23, 2009 8:52am
Quoting wjqblog
everybody

if you learn my system
and you get money
please rating my thread 5 star.
hehe.

thank you.I think my system can get the rating..
Hello wjqblog and all traders

I re-post my question.
How to set the setting for Daily time frame trading?
When I switch to Daily there is no display at all.
Or can this system use in Daily trading?

Thank you for your time.
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