My Fibonacci trading system

Very interesting examples.I think on YT you can find some videos about this, leveragefx is the nickname, look for trading the ABCD Fibonacci. Works on different timeframes. Good trading to all !

hehe

in china

i don't access youtube.


hehe..

Hi Banzai, am I right yr entry is around the 50% level and not the 61.8%? Why is that so? And also can you tell me why u draw the two vertical line? The second one I know, but why the first? Thanks You

.....................
ctrl+y
that's is a new day......................

nice trade....

yeah~

Nice trade indeed.

You are Great wjqblog!

Best regards.

Claude

i suggest you look h4 chart.


change timeframe

maybe you find more.


and don't thank me .

thank my teacher.

His is great.

He name call"钟馗耍刀"

Is there any modified version of the G7_usd indicator?

Even after putting the number i am can only see it on H1 and H4 TF.

Also i need to know more about the G7_usd indicator.

Where can i know about it?

Thanks wjqblog. How about the Fibo 50%? Do we take a entry from this level too?

Wjqblog, I'm learning much from your charts. thanks for posting these charts, and please -> more charts. Really really helpful for studying.

http://3.bp.blogspot.com/_yUazX16-In...1600/24jan.gif

Above are the continuation of my analysis for EURUSD for daily chart. In 16 Jan 2010, I predict that EURUSD was in Wave 1 formation. My entry strategy is Enter at the Low of the Friday Price (15/01/2010). As a result, the price move in favour and make a movement for 314 PIPS!! The latest Swing Low had been made later at 1.4022 (21/01/2010). I might say that EURUSD may in Wave 2 formation. Below are my EURUSD analysis for next week action.

Currency: EURUSD

Time Frame: Daily

Indicator Momentum: Bearish Oversold but nearly bullish crossover.

Pattern: Possible of Wave 2 of 5 Wave Impulsive Pattern

Price: Bullish Engulfing at Friday Candle (22/1/2010). Beware of false signal, market still very bearish. Price are moving to the Fibonacci 38%.

Entry Strategy 1: Trader may consider long after bullish crossover at the stochastic (Short Term Strategy especially on the smaller timeframe).

Entry Strategy 2: Wait for the completion of Wave 2 before considering short (Long term Strategy). Trader may consider the 22/1/2010 Low at 1.4022 to enter short.

WHY you post your waves in this thread? this thread is about fibo trading system.

maybe i stop loss

but i still run my stragery.

long time still run.i belive it can take me money.

3 days double
good result

Hi,

Searched the whole thread but couldnt get proper rules to follow for this method. Can anybody please list down or show me the post where I can get the proper rules to follow this system. Looks very interesting.

Thanks
Prakash

Hi Prakash, page 30 Post 437 by Etrader. Indeed a very good system. Have fun

Hi Wjqblog

I have been following this thread and it is a very good method. Can the G7 use it in 1 hr or 4 hr time frame? If it is yes.... is the method the same? For example... price retrace from high to low (38.2%) And the Kd is still at 60%... do we wait for it to drop to 61.8 or entry at 38.2 and stop lost 20 pips. Hope you can guide me over this. And also thanks to you teacher "Chong Gui" Thanks

looks like prefect

Same here Wjqblog

I've been following this thread for quite some time now and I like what I see. Is anyone seeing this setup in USDJPY?

I attached two images. The USDJPY has rallied to this 90.80-90 area last Friday before failing. It's an area of convergence of 61.8 and 38.2 fibo retracements. ANd now looks like it could be forming a double top if it holds.

Is this a correct set up for this strategy or should one wait for some more candles to confirm the set up before entering? From the chart you can see i'm already in it..... -_-