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My Fibonacci trading system

  • #341
  • Jan 9, 2010 5:28am Jan 9, 2010 5:28am
wjq， 谢谢你的回复，我看了1-6。

你说的原来的系统有一些假信号，因为遇到了阻力位或者成交密集区。 如何过滤我不太明白。
  • #342
  • Jan 9, 2010 5:35am Jan 9, 2010 5:35am
压力支支持成交密集区的时候。看更大时间框的fibo.就这么简单
  • #343
  • Jan 9, 2010 6:57am Jan 9, 2010 6:57am
谢谢指点。是看日线fibo还是小时线fibo？还请进一步提示
  • #344
  • Jan 9, 2010 9:33am Jan 9, 2010 9:33am
Hello,

This is my GJ trade setup. I pointed two entries marked 1 (arrow) & 2 (arrow).

1 Arrow: I entered at marked candle after previous candle lower high and put my SL at 50.0 but my SL got hit.

2 Arrow: I entered again 2nd marked candle opening with SL 5 pips above 61.8 and hope it will work this time.

Main thing i want to know that is that a right entries?
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 11 KB
  • #345
  • Jan 10, 2010 4:44pm Jan 10, 2010 4:44pm
Quoting Pip26
Hello,

This is my GJ trade setup. I pointed two entries marked 1 (arrow) & 2 (arrow).

1 Arrow: I entered at marked candle after previous candle lower high and put my SL at 50.0 but my SL got hit.

2 Arrow: I entered again 2nd marked candle opening with SL 5 pips above 61.8 and hope it will work this time.

Main thing i want to know that is that a right entries?
Yes right entry but the yen was weak during that time. even a few candle before. good luck
Federali
  • #346
  • Jan 10, 2010 4:48pm Jan 10, 2010 4:48pm
ok, another setup. So far i am 3 for 5. risking 2.5% per trade and 1-3 risk reward. +17% for the month. Ok, lets see how this UC works out. entry fron 38.2 50.00 and 61.8 10 pip SL and a 30 pip tp. you could do a 1-8 or even a 1-12 risk reward if the wave down is a 3(4hr chart)and wave 5 hr chart. but look at the daily and the 4hr. they r crazy.
Federali
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 255 KB
  • #347
  • Jan 10, 2010 8:31pm Jan 10, 2010 8:31pm
Quoting Pip26
Hello,

This is my GJ trade setup. I pointed two entries marked 1 (arrow) & 2 (arrow).

1 Arrow: I entered at marked candle after previous candle lower high and put my SL at 50.0 but my SL got hit.

2 Arrow: I entered again 2nd marked candle opening with SL 5 pips above 61.8 and hope it will work this time.

Main thing i want to know that is that a right entries?


61.8% entry

you entry so late......
  • #348
  • Jan 10, 2010 8:42pm Jan 10, 2010 8:42pm
Quoting wjqblog
61.8% entry

you entry so late......
Hello wjqblog,

can u please explain the entry at 61.8?
  • #349
  • Jan 11, 2010 4:22am Jan 11, 2010 4:22am
Quoting Federali
ok, another setup. So far i am 3 for 5. risking 2.5% per trade and 1-3 risk reward. +17% for the month. Ok, lets see how this UC works out. entry fron 38.2 50.00 and 61.8 10 pip SL and a 30 pip tp. you could do a 1-8 or even a 1-12 risk reward if the wave down is a 3(4hr chart)and wave 5 hr chart. but look at the daily and the 4hr. they r crazy.
Federali
Nice setup
  • #350
  • Jan 11, 2010 8:21am Jan 11, 2010 8:21am
UC G7 now < -1. i set a CAD buy stop at 1.0322
Vita est simillimus forexum(Life is like forex)
  • #351
  • Jan 11, 2010 10:13am Jan 11, 2010 10:13am
Quoting Pip26
Hello wjqblog,

can u please explain the entry at 61.8?

today my one trade.

really account.not demo

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 159 KB


look chart

you will know
  • #352
  • Jan 11, 2010 10:24am Jan 11, 2010 10:24am
another chart

M15 TARGET 1 GET NEAR 4H chart 38.2% RESDIENT。may be breakout run to 4h chart 61.8%.maybe rollback......close some long lots in here.
my bulid long price at 1.4490

FEIHONG帮忙翻译下
target 1 1.4560-70 同时在4小时图上 38.2 1.4571的压力位置
这个点很关键。击破后。可以看4小时的68.2。击不破。嘿嘿
可以在这附近先结束一部分多头仓位
我是4490建的仓

不是光死看15分钟的。
Attached Image (click to enlarge)
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  • #353
  • Jan 11, 2010 10:29am Jan 11, 2010 10:29am
wjq,

re: #351: Your 1.4538 appears to be your exit. I cannot see your entry. Can you resend the only back chart without the front chart? Thx.
Vita est simillimus forexum(Life is like forex)
  • #354
  • Jan 11, 2010 10:35am Jan 11, 2010 10:35am
can't see entry ???

down load 1.jpg.

you will see.

my print very clear.
  • #355
  • Jan 11, 2010 11:01am Jan 11, 2010 11:01am
Quoting wjqblog
another chart

M15 TARGET 1 GET NEAR 4H chart 38.2% RESDIENT。may be breakout run to 4h chart 61.8%.maybe rollback......close some long lots in here.
my bulid long price at 1.4490

FEIHONG帮忙翻译下
target 1 1.4560-70 同时在4小时图上 38.2 1.4571的压力位置
这个点很关键。击破后。可以看4小时的68.2。击不破。嘿嘿
可以在这附近先结束一部分多头仓位
我是4490建的仓...
hi, wjq,i think your own translation is ok enough to understand. 你的FIBO方法非常不错，上周五我在G/U上用你的方法还是非常成功的。我在英国，FULL TIME TRADER, QQ： 7902876，大家联系联系，还得向你请教请教
  • #356
  • Edited 11:43am Jan 11, 2010 11:33am | Edited 11:43am
EURUSD Weekly near 61.8 (blue line)

Chance for a pullback or do we need Fibonacci Expansion Levels (red line)? Support at 50% Line had hold the last three weeks.

So switch on M15 with G7 & Pivots concept till end of this week.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, Weekly, 2010 January 11, FE.jpg Size: 119 KB
  • #357
  • Jan 11, 2010 12:37pm Jan 11, 2010 12:37pm
Thx wqj for your reply # 354. I now clearly see 1.4538 is your short ENTRY off the fibo retracement. Now I understand and thx for reply. I also see that trade is now +22 pips.

I like this method.
Vita est simillimus forexum(Life is like forex)
  • #358
  • Jan 11, 2010 2:00pm Jan 11, 2010 2:00pm
Hi, Wjqblog, I just want to say thank you for sharing such amazing strategy with us. Your trading style is totally matching the trading style of mine. "small SL, Big Profit", You did it, man ! ^_^

I think the most two important thing is accuracy and consistancy. I mean for a trading method with that kind of payout (1:5, 1:10), a 40% winning ratio is already cool, but you guys achieved 60-70% winning rate, that is AWESOME! ^_^

我的QQ:1359790802 我现在也在开发费波纳奇扩展线的交易策略, 以后要向你多多学习
  • #359
  • Jan 11, 2010 3:25pm Jan 11, 2010 3:25pm
Quoting wjqblog
another chart

M15 TARGET 1 GET NEAR 4H chart 38.2% RESDIENT。may be breakout run to 4h chart 61.8%.maybe rollback......close some long lots in here.
my bulid long price at 1.4490

FEIHONG帮忙翻译下
target 1 1.4560-70 同时在4小时图上 38.2 1.4571的压力位置
这个点很关键。击破后。可以看4小时的68.2。击不破。嘿嘿
可以在这附近先结束一部分多头仓位
我是4490建的仓...
wjq asked me to translate his post. What he said in Chinese are as follows:

Target one is in are 1.4560-70. On the 4h frame, 1.4571 is the 38.2 fibo level acting as resistance. This is a very important level. If it breaks, price may reach 68.2 fibo level on 4h frame. If it doesn't break, well.....; It is better to close some longs in this area. My entry is 4490.

Do not use 15M fibo only.


My 2 cents:

A few posts back, wjq said he used an improved version. He said some trades failed because of strong support/resistance. He said the improvement was to check higher time frame fibo as well. From this post, it is clear that he uses 4h fibo to check the targets.
  • #360
  • Jan 11, 2010 5:31pm Jan 11, 2010 5:31pm
fxdd..
好恶心

想钱想疯了。。。。

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