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My Fibonacci trading system

  • #201
  • Dec 28, 2009 11:57am Dec 28, 2009 11:57am
Quoting Zukkerro
Open 3 BUY

1. Target FE 61.5 (TP 47 pip)
2. Target FE 100 (TP 78 pip)
3. Target FE 161.8 (135 pip)


The amount of risk 3% (1% at 1 BUY)

Stop Loss 22 pip (Fibo 61.8)
Stop Loss - 3%
  • #202
  • Dec 28, 2009 12:09pm Dec 28, 2009 12:09pm
hi wiqlog Excuse my English ....
thanks for sharing with us your work ....
you post a new link for the indicator G7 usd .... or advise where to find it ....
I find it very interesting ...
  • #203
  • Dec 28, 2009 12:41pm Dec 28, 2009 12:41pm
Quoting catte
hi wiqlog Excuse my English ....
thanks for sharing with us your work ....
you post a new link for the indicator G7 usd .... or advise where to find it ....
I find it very interesting ...
That link

http://www.forexfactory.com/attachme...2&d=1261234382
  • #204
  • Dec 29, 2009 1:43pm Dec 29, 2009 1:43pm
Quoting pj.waterloo
Hello Steven

When I read your comments on "tf 4h and daily" this is truly attracted to me. If you may, would you share some good ebooks on "naked" trading in H4 and Daily (preferred). Thank you for your time.

Hi

PJ.waterloo

Sure,no problem..this time of the year ,i dont like to trade..just observing the market of course..kind of addiction i guess.. but anyways, as i said i trade naked...i came to this thread to see this g7 indicator..could be a big edge if its working..my problem with indicators,they always follow price..i am testing this one.So I will be around and posting my results..

happy new years to everyone!
  • #205
  • Dec 29, 2009 3:11pm Dec 29, 2009 3:11pm
hey steven how are you, just curious as to how you trade naked and are you successful trading that way and if so what are your methods if you dont mind sharing with me, i my self am not fond of indicators but am looking for another way to trade because price action setups sometimes take long to occur and the higher time frames are the best to watch and you might not get a good one for days so in looking for another strategy to be able to trade every day i came to this thread. i am still a noob, only trading for a year and would not say im successful yet at it but would love to be able to reads the charts a bit better.
  • #206
  • Dec 29, 2009 6:12pm Dec 29, 2009 6:12pm
nice presentation, and nice indicator of G7_USD to help find out potential trade which add edge of our trades.

I have some questions of your trade method.

1. how long you wait for your retracement to 38.2 and 61.8 after you draw Fibo expansion? if it takes too long, say 3 or 4 hours in 15 minutes chart whcih is more than 12 candle, is it still a valid setup?

2. do you wait a canle close break or just higl/low touch 38.2 or 61.8 and close in our favorable direction, then you jump in the trade?


Thanks, Henry
  • #207
  • Dec 29, 2009 9:59pm Dec 29, 2009 9:59pm
Hi Etrade.

I am intersting you stostic DS and 3in1

please update??


i want test

stostic ds and 3in1 do reverse market thank you
  • #208
  • Dec 29, 2009 11:46pm Dec 29, 2009 11:46pm
Hi dappa
have a look at thread "trade what you see not what you expect "
" When the ship starts to sink, don't just pray. JUMP "
  • #209
  • Dec 30, 2009 1:46am Dec 30, 2009 1:46am
Cheers wjqblog

Great indicator mate (g7 USD) soon as i loaded it on my mt4 platform i noticed two trade setups, one on the USD/CAD and another on AUD/USD and coupled with supp/ress indicator i've got and bam less than 30 min i had close to 50 pips up my sleeve. Once again wjqblog Thank you

Regards Ben
  • #210
  • Dec 30, 2009 3:40am Dec 30, 2009 3:40am
Quoting promethias28
Cheers wjqblog

Great indicator mate (g7 USD) soon as i loaded it on my mt4 platform i noticed two trade setups, one on the USD/CAD and another on AUD/USD and coupled with supp/ress indicator i've got and bam less than 30 min i had close to 50 pips up my sleeve. Once again wjqblog Thank you

Regards Ben

Hi.I think you don't use my method

only use g7 usd find trend


what indicator how to set supp/ress?(pivot??)

can you upload your trade chart let me see?

thank you
  • #211
  • Dec 30, 2009 5:08am Dec 30, 2009 5:08am
嘿!你好楼主
很高兴能在这里看到你的帖子
我是来自上海的一位交易者很想和你交个朋友
你的联系方式有吗？msn或者qq
you have to be out to be in
  • #212
  • Dec 30, 2009 6:58am Dec 30, 2009 6:58am
Ok, this is close to my style. LOVE risk reward. i never do less than 1-3. all you need is 3 wins and u still make $$. I will post some charts soon on live setups. That way everyone can fallow. i will most likely do 1 or 4hr. 15min for me is not possibel. I play to much golf. cant sit around the PC all day. Support, resistance, pivots, and EMAs can give you a pretty darn good trade. this is for the more experience traders. Look at the candle patterns/formation. But i know u want to keep it simple. so i think simple is better. but for you experience traders try looking at those thing. I have also found that at 38.2 50% or 61.8% fibs with some other signals work better. If i see a pivot, EMA, trendline, good candle pattern, ect at a certain Fib 38.2 50 61.8. good entry. the more indicators there the better chance of the trade working your way. This way you avoid more loses. sorry for lenthy post. but its been a while.....


Federali
  • #213
  • Dec 30, 2009 7:24am Dec 30, 2009 7:24am
Sounds great I cant wait to see your posts.

Are you Mexican police? I saw your name and LOVE Mexico...just wondering.
  • #214
  • Dec 30, 2009 8:11am Dec 30, 2009 8:11am
I request to all senior members and experienced trader of this thread to please keep this thread update with their charts / daily trade setups for newbies and junior members to understand this strategy well.

Thank you.
  • #215
  • Dec 30, 2009 11:55am Dec 30, 2009 11:55am
Quoting jflor100
Sounds great I cant wait to see your posts.

Are you Mexican police? I saw your name and LOVE Mexico...just wondering.
federali. ever seen the movie with martin lawrence "blue streak"
when i was in the military i was given that nickname. i was born in the great country of TEXAS and my parents are mexican. Too funny. yes i love mexico i;ll be in Cancun for spring break.

Im not much for posting but when i do have something sweet setting up i will post. i will do 1hr and 4hr so wont be many post for me. hope many others can post live any TF. That way we can see the trade develope.

federali.....ahay ahay ahay haaayyy!!!
  • #216
  • Dec 30, 2009 2:26pm Dec 30, 2009 2:26pm
Quoting wjqblog
in the market
first not get profit
first is live.
Hi wjqblog

Thank you for this productive idea with G7 and Fibo. I'll post some successful trading charts next year.

Compliment!

Kudo!

Tip of the hart!

Farewell!

Happy New Year for you, your family and other friends in this forum.

Forexcube
Attached Image
  • #217
  • Dec 30, 2009 4:15pm Dec 30, 2009 4:15pm
Hello to all,

Always was using Fibo but not combining it with G7. Good idea!
Used it for 50 pips on USDCAD yesterday. More info next year!
  • #218
  • Edited 6:22pm Dec 30, 2009 6:20pm | Edited 6:22pm
Ok, so check this out. All we need now is for a retrace and the Stoch not to be oversold. I don't like the time of day. I trade the US session but i had some time in my hands.

This is what i am talking about in my earlier post
Besides using the G7 indicator, fib, and Stoch i found some additional "signals" to add to the mix.

If you notice at the 38.2% retrace there is a Daily Pivot@ 147.87 and a Weekly R2 @ 147.78. pretty darn close to 38.2% @147.82
Also you will see a 21 EMA which is blue creeping up to that same level.
you could look at the candle pattern also if you would like.

In theory if we got a good push down next couple of hours that is a good place to buy. Good risk reward.

Next entry. if you look at the 61.8% retrace you will see that there is Supp there and also you will see a 50 EMA (gray line there) probably would move up by the time price gets there.
Just a few confirmations to add to a trade.

Let me know what you guys think.

Federali
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  • #219
  • Dec 30, 2009 7:15pm Dec 30, 2009 7:15pm
Hi,
I have downloaded the G7 indicator but is not working, no lines appear, through i have set the number as provided by WJQBLOG but still not working. Not sure is because of my OS which is Win 7. Anyone can help here?

Thanks.
  • #220
  • Dec 30, 2009 7:45pm Dec 30, 2009 7:45pm
what broker are you using. did go to post 13 and read some directions?
IBFX you will have trouble. i dont think it should matter if u have win 7.
Federali
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