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My Fibonacci trading system

  • #401
  • Jan 13, 2010 6:49pm Jan 13, 2010 6:49pm
Quoting wjqblog
drop 50% retracemnt

only leave 38.2% and 61.8%
50% retracement of bigger swing?
  • #402
  • Jan 13, 2010 7:32pm Jan 13, 2010 7:32pm
So let me see if I understand this... You're drawing your fib from the last major swing and minor swing and checking for overlaps of the 61.8 and 38.2? That of course represents a stronger support/resistance level so you are placing your orders at that point assuming it will reverse?
  • #403
  • Jan 13, 2010 11:49pm Jan 13, 2010 11:49pm
Quoting wjqblog
drop 50% retracemnt

only leave 38.2% and 61.8%
Hello wjqblog,

check this chart.
??????
  • #404
  • Jan 13, 2010 11:51pm Jan 13, 2010 11:51pm
Quoting Pip26
Hello wjqblog,

check this chart.
??????
again
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  • #405
  • Jan 14, 2010 1:58am Jan 14, 2010 1:58am
today eur/usd trade stragery

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  • #406
  • Jan 14, 2010 2:12am Jan 14, 2010 2:12am
now i entry usd/jpy

sell

look chart!!

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  • #407
  • Jan 14, 2010 4:11am Jan 14, 2010 4:11am
hello there!
where can I find the G 7 indicator on the platform?
I looked in the Indicators list, and is not there?
thank you for sharing
  • #408
  • Jan 14, 2010 4:30am Jan 14, 2010 4:30am
Hello Leroiv. You can find the G7 indic on message #1 of this thread. After downloading, copy it to your ...experts indicators folder, close platform, then re-open and you should then find it in your Custom Indicators.
Vita est simillimus forexum(Life is like forex)
  • #409
  • Jan 14, 2010 4:40am Jan 14, 2010 4:40am
thank you Dennis
I hope it works
  • #410
  • Jan 14, 2010 5:29am Jan 14, 2010 5:29am
I enjoyed analyzing #406 chart from wjq for more insight re: fibo placements.

My usd/jpy shows 4H down trend, yet shorter term 1H shows up trend. Given that these G7 trades seem to be pretty short-term, I'm wondering if we should consider an up trend trade now instead of the #406 chart short trade.

Comments are appreciated. I'm learning a lot. Thx to all.
Vita est simillimus forexum(Life is like forex)
  • #411
  • Jan 14, 2010 6:01am Jan 14, 2010 6:01am
Quoting Zukkerro
Hello wjqblog!

Who could write a strategy for Fibо step by step? Now so far nothing is clear. By what criteria to draw Fib 1 and Fib 2? Why these max or min?

Sorry for my English - Gооgglе translаter

Zukkerro
Yes, exactly what I was thinking.

Fibonnacci trading really confusing, since it generally seems that draw line is more subjective than objective actually.

A simple example, I many people build EA based on Fibo ?
  • #412
  • Jan 14, 2010 6:03am Jan 14, 2010 6:03am
太感人了。。
太刺激了。。
太豪爽了。。

感谢数据~！！！

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  • #413
  • Jan 14, 2010 6:45am Jan 14, 2010 6:45am


wjq was able to predict the short, really impressive. Based on 1H long trend, I was in doubt so I waited and missed the trade.

M15, M30, 1H all showed trend up, yet wjq decided to use 4H trend down, and made a great trade.

ANY comments on how to know trend was short before the blow south would be appreciated! Thx.
Vita est simillimus forexum(Life is like forex)
  • #414
  • Jan 14, 2010 6:50am Jan 14, 2010 6:50am
Short Trade USDJPY H4 Fib Advanced Date 14/01/2010

Confluence (Cluster or group):
1. Pivot Point D_R2 Rsistance
2. Overlap Fibonacci level 61,8% and 38,2%

Targets:
1. D_Pivot was reached
2. Fibonacci expansion FE 61.8

Profit: +50 pips

eTrader,
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  • #415
  • Jan 14, 2010 6:55am Jan 14, 2010 6:55am
Quoting eTrader
Short Trade USDJPY H4 Fib Advanced Date 14/01/2010

Confluence (Cluster or group):
1. Pivot Point D_R2 Rsistance
2. Overlap Fibonacci level 61,8% and 38,2%

Targets:
1. D_Pivot was reached
2. Fibonacci expansion FE 61.8

Profit: +50 pips

eTrader,

Hello eTrader,

I asked some questions in your previous post reply plz find some posts back.

GooD LuCk
  • #416
  • Jan 14, 2010 7:42am Jan 14, 2010 7:42am
hello again,
ref. how you choose your pairs with the G7 usd indicator.
let's say that Jpy is strong, and Eur is weak.(in 15 ' time frame)
but the H1 MACS is > 0, that means that you quit the pair, and try to find another one?
I want to knoy more about how you choose your payrs, please.
thank you in advance.
  • #417
  • Edited 1:21am Jan 15, 2010 12:58am | Edited 1:21am
today trade
eur/gbp.

look chart

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eur maybe change strong..

usd jpy still need down..(because not get support)



i think ..

i could select

long eur/usd because(eur stong ..usd weak)

or sell gbp/jpy(gpb weak jpy strong)



1.欧磅下跌到位. 欧园需要反弹 走强 磅要变弱
2.美日需要继续下跌.没有到目标 和得到支撑 美弱 日强

3策略. 磅弱 日强 空磅日
或者晚上欧强后 美继续弱 多欧美
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  • #418
  • Jan 15, 2010 3:02am Jan 15, 2010 3:02am
wjqblog,
Why do you throw away the 50% Fib when looking for overlap? Noticed you only rely on 38.2% and 61.8.

为什么要丢掉50％ Fib? - google translation

谢谢您/Harry
  • #419
  • Jan 15, 2010 3:51am Jan 15, 2010 3:51am
Quoting Harry123
wjqblog,
Why do you throw away the 50% Fib when looking for overlap? Noticed you only rely on 38.2% and 61.8.

为什么要丢掉50％ Fib? - google translation

谢谢您/Harry

38.2% and 61.8%重合个人觉得的重合个人觉得更强烈
  • #420
  • Jan 15, 2010 4:06am Jan 15, 2010 4:06am
Entire waves or major waves have only a retracement of 38%.
Impulsive waves or minor waves have a retracement of 61.8% or 78%.

First large wave Fib level 38.2% overlaps with the smaller wave Fib level 61.8%

That's the reason why traders using only the two levels 38.2% and 61.8%


eTrader,
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