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Simple & Consistent Fibbing Method

  • #141
  • Mar 9, 2010 4:58am Mar 9, 2010 4:58am
Patiently waiting for support at 1.4940 to be tested.
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  • #142
  • Mar 9, 2010 5:04am Mar 9, 2010 5:04am
Quoting aswilled
Sounds like a plan...
Let's see what it does!
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  • #143
  • Mar 9, 2010 5:16am Mar 9, 2010 5:16am
Interesting, double bottom??
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  • #144
  • Mar 9, 2010 5:23am Mar 9, 2010 5:23am
First breach level for upward moves is 1.4954. Since there is a high at 1.4971, we fib this high to the low of 1.4936 to find 50% level.
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  • #145
  • Mar 9, 2010 6:01am Mar 9, 2010 6:01am
Quoting simoneg
First breach level for upward moves is 1.4954. Since there is a high at 1.4971, we fib this high to the low of 1.4936 to find 50% level.
opening above the 50...
A. Finesse Williams Making Millions One Pip At A Time!
  • #146
  • Mar 9, 2010 6:39am Mar 9, 2010 6:39am
A. Finesse Williams Making Millions One Pip At A Time!
  • #147
  • Mar 9, 2010 6:58am Mar 9, 2010 6:58am
Quoting aswilled
Hey aswilled! You are looking happy this morning What's happening?
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  • #148
  • Mar 9, 2010 7:00am Mar 9, 2010 7:00am
Ah now I see :nerd:
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  • #149
  • Mar 9, 2010 7:02am Mar 9, 2010 7:02am
Next breach level at 1.4981(50%). Fib the high of 5025 to the low of 1.4936 to see. Unable to post charts at this time.
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  • #150
  • Mar 9, 2010 7:06am Mar 9, 2010 7:06am
I will be off for a bit again. But I would like to get some feeback as to whether the method is being clearly explained, any strengths, weaknesses, suggestions for improvement, please share.

Have a good day ALL and continue to trade safely!

Blessings
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  • #151
  • Mar 9, 2010 7:07am Mar 9, 2010 7:07am
Quoting simoneg
Hey aswilled! You are looking happy this morning What's happening?
trades going my way. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #152
  • Mar 9, 2010 7:11am Mar 9, 2010 7:11am
Quoting aswilled
trades going my way. :nerd:
Great! Keep it simple and safe!
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  • #153
  • Mar 9, 2010 7:25am Mar 9, 2010 7:25am
hi
simoneg please tell me if this is correct: last swing was 1.4938 -1.4980 and last candle (15 min) closed under 50 % (1.4958) . this is a signal for short?
  • #154
  • Mar 9, 2010 7:27am Mar 9, 2010 7:27am
Hey guys, n00b here.
I've been following this thread religiously
Great info!
I am still very new to Forex, but learning a ton.'
Can I ask you which broker/platform are you using?
I am currently with MIG Bank, cuz that's where my managed account is, but learning to trade myself on their demo.
Thanks
  • #155
  • Mar 9, 2010 7:29am Mar 9, 2010 7:29am
Quoting beta
hi
simoneg please tell me if this is correct: last swing was 1.4938 -1.4980 and last candle (15 min) closed under 50 % (1.4958) . this is a signal for short?
Yes beta, that swing is correct. If the close is below the 50% the signal is for a short, otherwise long. Remember to give consideration to the support at 1.4940.
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  • #156
  • Edited 7:34am Mar 9, 2010 7:33am | Edited 7:34am
This method is very intriguing indeed. I wonder if it would perform well as an EA but only ran during the specific time mentioned?.

Thanks,
~Steve
  • #157
  • Mar 9, 2010 7:34am Mar 9, 2010 7:34am
thank you
and the TP will be -34% and -55%?
  • #158
  • Mar 9, 2010 7:35am Mar 9, 2010 7:35am
Quoting beta
thank you
and the TP will be -34% and -55%?
Correct beta
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  • #159
  • Mar 9, 2010 7:36am Mar 9, 2010 7:36am
Quoting apxsolutions
This method is very intriguing indeed. I wonder if it would perform well as an EA but only ran during the specific time mentioned?.

Thanks,
~Steve
Hi apx, I am not much for EAs at all, but if you can do it and works that would be good.
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  • #160
  • Mar 9, 2010 8:04am Mar 9, 2010 8:04am
Right, I understand. I'm not one for EAs either to be honest. However, the 3:15am time frame for me in EST is a little late for me to try and stay up . That's why I'm trying to see if there's some way to have it only trade the initial safe entries and then from there always take the most conservative profit taking.

~Steve
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