My Fibonacci trading system

Sorry everybody


i think my system will update...

because today my teacher tell me some another importmant things.





so i think my system not prefect...

i want say "Sorry.If my system let you lose money.please stop use system.Because I will update better set than now"

Good bye

Looking forward to recieving more wisdom from you and your teacher

Wjq,
No system is perfect. I you play major league baseball and you only get a hit 30% 3 out of 10 you will make millions of dollars. I think trading is the same. with a minimum of 1-3 risk reward u only have to win 3 out of 10.
Try to get it as perfect as possible and it will not work 100% of the time. but if you keep the same rules it will work in the long run. Thanks brother. your english is great in my opinion.

Take a look at the EU 15 min. i missed this since i don't do 15 TF. but if you notice it hit below the 61.8 where the 21 EMA blue line is. with the trend and all. 10 pip stop with a 2 pip spread you you would almost TP is you are doing 1-3 risk reward. at 2.5% risk per trade that would be 7.5% gain in one trade. thats what i do personaly. I will trade this system demo for about 3-6 months. then i will incorporate with my current system. I have a very good feeling about it.

Federali

who sent this?

"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"


I got this on my email. well im not used to FF. but the sup res you just need to judge that yourself. Look up on FF how to find Sup and Res. plenty of post. The pivot indicators. there are a few. some do with sunday candle and some without sunday candles. This means some brokers don't count Sunday as a trading day so the pivots are a few pips off most of the time. i'll upload the pivot indicator i use.

Federali

Ok, here is a 15min and 1hr chart. the stoch over Bought up to 4hrs.
Now US session is about to start. Crazy Americans like to reverse everything. so we can expect some retrace. now if the trend continues later US session Long. Then we need to find a good entry with good risk reward. Also big news in 30 min. Same setup also on PJ. i'll try to post a chart also. So usually if big news coming out its better to wait for a big retrace. so 61.8 should be good risk reward. lets see what happens. keep an eye on the stoch when it get close to the 61.8.

Also look for some support around entry. Pivot, ema, Sup, trendline, ect. the more the better. This is what i am interested in. actually looking at it live and see what happens. it's always easier to got back and say "that was a nice trade". Find it, follow it, trade it(or not)

Federali

Hi wjqblog

Your idea G7 and Fib is a topnotch one. Stand your ground!
It's only a kind of interpretation, how it is with any strategy when you'll decide to make good money.

Kindest regards

&

ok nothing set up yet. got a EU15 and confirmation 1hr. look at fib. best entry is at the hr 50ema just below the 50 fib and the daily R1
1.4371-75 tehn do about a 15 pip SL. lets see what happens.
Federali

trying it out in the 5 min chart. enter at 53 SL is 60 only 7 pips, tp 21 pips at 32. once up 7 pips move SL to BE. entry was at the 38.2 fib. if i loose then wait for second entry at around 71 with 10-15 pip sl and 1-3 risk reward.

Federali

Ok, u guys get the picture???

Just hit TP. if you risked 2.5% on your account and u make 1-3 risk reward. u just made 7.5% in one quick 20min trade. now lets wait for a bigger retrace to 1.4371

perfect entry best to teach live as it happens.

federali

Ok another set up.
Hum... i don't know if the entry is 66 or 75ish... but since i am a big fan of small SL i will wait for 1.4372 and do a 10 pip SL. lets see if we get a pullback

Federali

yesterday

i operation eur/usd

i get near 200 pips.

Because I like trade eur/usd..

so .......

i update trading chart...and anaythys


so i say .i want update the system.the system not "prefect"

........but it need some draw lines.

Hello Wjqblog,

When will you update your strategy post??

nice system, dear. i will give it a try. hopefully pips will follow me

sorry i don't know how to add pics i've got the pic but not sure how to add it

It took me awhile but hope this helps

this is the indicator i used on my chart

I use this chart to check strengths and weaknesses

A very interesting system. I would like to test it in practice.

CADJPY, M15

I'll preferre the +2 / -2 Lines allowing for resistance-, and support Lines, pivots and in close contact with the essential fibonacci concept.
At 89.039 waiting for a pullback, yet price could rise at 90.29 (since that is the daily chart resistance level from 2009 August 07) and if the latter I've to apply new fibonacci retracement levels and monitor M5 to come in time with an Enter Short.

In this example CAD is the base currency and thus the "basis" for the buy/sell. If I believe that the Loonie will weaken (in the G7-concept parlance better to say "accommodate or "equate" or "compensate") against the Yen I would execute a SELL CAD/JPY order. By doing so I have sold CAD in the expectation that they will fall in value versus the Yen.

Read also this thread:
Powerful Fib based system

eTrader,