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My Fibonacci trading system

  • #261
  • Jan 5, 2010 12:15am Jan 5, 2010 12:15am
Hi Pip
I think your start is 6 candles past swing high and your retrace ia at the 50% fib. your might have to change that manually
" When the ship starts to sink, don't just pray. JUMP "
  • #262
  • Jan 5, 2010 12:19am Jan 5, 2010 12:19am
Quoting Gladis Night
Hi Pip
I think your start is 6 candles past swing high and your retrace ia at the 50% fib. your might have to change that manually
Thnx Gladis i got it
  • #263
  • Jan 5, 2010 12:43am Jan 5, 2010 12:43am
any simple fibo indi to plot the fibo retracement or fibo expansion instead of using the MT4 function to drag the lines on the chart ?
  • #264
  • Jan 5, 2010 12:46am Jan 5, 2010 12:46am
Quoting Pip26
I hope i m learning fibonacci.......
Seniors?????
Quoting eTrader

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,
Thanks to eTrader.
  • #265
  • Jan 5, 2010 1:04am Jan 5, 2010 1:04am
Quoting banzai
Thanks to eTrader.
Yes man he is a good teacher for me.....
  • #266
  • Edited 7:24am Jan 5, 2010 3:44am | Edited 7:24am
OK, check it out. missed the entry at 13-14 stupid slow oanda. anyways. So i entered at 11 SL is 10 pips and TP is 30. If u r hard core we might grab wave 5 down. to 91.24 is. much better risk reward. but i like profit. once up 10 pips SL to BE. Check it out. stoch not oversold, 50 Fib and hr 21 ema. Next entry would be 92.29.


UPDATE ok look at last chart. TP again. ok. so far 3 for 3. Some set ups have have not filled. I don't see any feedback in any of these trades i took. let me know if you guys want me to keep posting.
Federali

last update. with a 10 pip sl you would have made about 80 pips. 1-8 risk reward if you can pick wave 3. Look at the very last chart.
Federali
Attached Image(s) (click to enlarge)
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  • #267
  • Edited 6:58am Jan 5, 2010 6:43am | Edited 6:58am
Quoting promethias28
Just enter these numbers 6303590
Hopefully that helps

Attachment

I did what is suggested in Post# 1 and input the numbers and still no coloured lines appear. Only works in M30. I also have Zero Divide error message.

Also, Post#96, he mentioned find 13th thread, you know what he meant?

Thanks.

福 子 Victor V
  • #268
  • Jan 5, 2010 6:48am Jan 5, 2010 6:48am
Quoting camvcvoo
I did what is suggested in Post# 1 and input the numbers and still no coloured lines appear. Only works in M30.

Also, Post#96, he mentioned find 13th thread, you know what he meant?

Thanks.

Post#13
" When the ship starts to sink, don't just pray. JUMP "
  • #269
  • Jan 5, 2010 12:57pm Jan 5, 2010 12:57pm
Quoting Federali


UPDATE ok look at last chart. TP again. ok. so far 3 for 3. Some set ups have have not filled. I don't see any feedback in any of these trades i took. let me know if you guys want me to keep posting.
Federali

last update. with a 10 pip sl you would have made about 80 pips. 1-8 risk reward if you can pick wave 3. Look at the very last chart.
Federali

please do keep posting, mate.
  • #270
  • Jan 5, 2010 2:28pm Jan 5, 2010 2:28pm
You are doing well. I am impressed by your efforts.
I have tried it on a couple of occasions and it has done well. Although I like to retrace back to at least 50% when I put my orders. Other times it has not filled.
Beware to keep an eye on the higher time frames for a definitive trend.
Regards

UPDATE ok look at last chart. TP again. ok. so far 3 for 3. Some set ups have have not filled. I don't see any feedback in any of these trades i took. let me know if you guys want me to keep posting.
Federali

last update. with a 10 pip sl you would have made about 80 pips. 1-8 risk reward if you can pick wave 3. Look at the very last chart.
Federali[/quote]
  • #271
  • Jan 5, 2010 3:34pm Jan 5, 2010 3:34pm
Quote
How to get the name of the currency on the top of the chart as shown
in your image, which matches lines.( Also without any chart indicators how?)
thx for your co operation in advance
just copy and paste,these are the templates and indicators
http://www.4shared.com/account/dir/2...ng.html?rnd=45
  • #272
  • Jan 5, 2010 8:04pm Jan 5, 2010 8:04pm
Long @ 23.6 retracement
SL @ 38.2
1st TP @ FE 61.8
2nd TP @ FE 100.00

Closed my Half position at TP1 and half moved to break even.

Any suggessions about this chart??????
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 22 KB
  • #273
  • Jan 5, 2010 8:54pm Jan 5, 2010 8:54pm
Quoting Pip26
Long @ 23.6 retracement
SL @ 38.2
1st TP @ FE 61.8
2nd TP @ FE 100.00

Closed my Half position at TP1 and half moved to break even.

Any suggessions about this chart??????
I traded that too and exit @ FE 61.8. I can't trade 24 hours so I exit early. Good luck to all.
Attached Image
  • #274
  • Jan 6, 2010 3:15am Jan 6, 2010 3:15am
Quoting Pip26
Long @ 23.6 retracement
SL @ 38.2
1st TP @ FE 61.8
2nd TP @ FE 100.00

Closed my Half position at TP1 and half moved to break even.

Any suggessions about this chart??????

Yo Yo! yes nice. i was looking at that. my 4hr and 1hr going up last night. I just like a little more retrace. but nice trade. might hit the last high on the 4 hr. very nice
Look at my Fib Exp. TP around the Daily R1 with is the fib Ex 61.8 next tp is the fib exp 100 up around 70s
Attached Image (click to enlarge)
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  • #275
  • Jan 6, 2010 3:23am Jan 6, 2010 3:23am
Ok i took this yesterday. I lost this one. SL was 12 pips and entry was 132.01. Cant win them all.
Federali
Attached Image (click to enlarge)
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  • #276
  • Jan 6, 2010 3:28am Jan 6, 2010 3:28am
OK, Hum Euro streanth is not to +1. but close the yen is way below 2 on the 1hr and 15min. so pullback to 38.2 132.33, pretty close to 21ema on the 15min and 1hr 50 ema. but realy i would like at pullback to 50fib at 132.19. now we have the daily pivot there 50 ema and the 21ema on the 1hr chart. So will do two trades. entry at both levels and SL is 15pips. then i will will enter again at the 50fib with same SL. BIG news coming up in 2hrs.
Federali
Attached Image (click to enlarge)
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  • #277
  • Jan 6, 2010 3:29am Jan 6, 2010 3:29am
Quoting Federali
Yo Yo! yes nice. i was looking at that. my 4hr and 1hr going up last night. I just like a little more retrace. but nice trade. might hit the last high on the 4 hr. very nice
Look at my Fib Exp. TP around the Daily R1 with is the fib Ex 61.8 next tp is the fib exp 100 up around 70s
Thanx man just trying to learn this fibos, still confuse with retracement entry level's trying to study it......

GooD LuCk
  • #278
  • Jan 6, 2010 3:43am Jan 6, 2010 3:43am
Pip26. also if you look at my fib. it did hit 38.2 and the 1hr 21ema. sometime fibs work that way. try from very bottom. the start of the trend. helps. they are not always the same. its you descretion. keep learning.
Federali
  • #279
  • Jan 6, 2010 3:48am Jan 6, 2010 3:48am
What do u say about this setup,
entry @ 23.6
sl @ 38.2
tp1 @ fe 61.8
tp2 @ fe 100.00
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
  • #280
  • Jan 6, 2010 3:52am Jan 6, 2010 3:52am
im in wih you
looks like a perfect entry
with the stochs playing ball


Quoting Pip26
What do u say about this setup,
entry @ 23.6
sl @ 38.2
tp1 @ fe 61.8
tp2 @ fe 100.00
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