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Simple & Consistent Fibbing Method

  • #321
  • Mar 11, 2010 2:08pm Mar 11, 2010 2:08pm
Quoting simoneg
Hey aswilled! Indeed I am happy to see that too. I should be finished with the document and have it up by this weekend.
Thought I would cover, Trendlines, Fibonacci Extenstions and Retracements, Support and Resistance, then the specifics of this method. So it is taking a bit of time to complete, but almost there.
Don't forget the natural S/R like the figure and 80 and 20 for the pound. Also, if you don't already have, try and compile charts to give people a visual as to what you are talking about. See how this dma is holding? Lets see if it holds up.
A. Finesse Williams Making Millions One Pip At A Time!
  • #322
  • Mar 11, 2010 2:24pm Mar 11, 2010 2:24pm
Here is my two traids for today.
I'm using Fib on 15M chart + 50 EMA To detect trend and confirm support and resistance levels.

See attached picture.


P.s Sorry for my spelling English is not my native language.
Attached Image (click to enlarge)
Click to Enlarge Name: example.JPG Size: 80 KB
  • #323
  • Mar 11, 2010 2:35pm Mar 11, 2010 2:35pm
Quoting aswilled
I am glad at our participation in this post. Glad to see we all are prospering and helping others to prosper. Blessed to be a blessing!!! If anyone is new to forex, or haven't gotten a well rounded education in forex, they can pm me and tell me what knowledge they are lacking and I will be glad to assist you on get the info you need to understand all the concepts and methods to forex and trading. @simon: how is the pdf coming along? :nerd:
I will definetely take you up on your offer!
Thank you for readiness to help out!!!
  • #324
  • Mar 11, 2010 2:44pm Mar 11, 2010 2:44pm
Quoting aswilled
Don't forget the natural S/R like the figure and 80 and 20 for the pound. Also, if you don't already have, try and compile charts to give people a visual as to what you are talking about. See how this dma is holding? Lets see if it holds up.
Thanks aswilled! I have already included charts, that is an integral part of the document to support explanation of the fib levels and so forth. I would like to work with what was started out with at the beginning of this thread, then in a structured way, progressively add improvements so that persons can see consistency in what we are using, And at the same time not crowd the charts to make decision making more complexed. Trading is simple! It took me awhile to learn that and whilst not encouraging a casual attitude, I would love people to know that there is core knowledge that they can grasp and apply in a simplified way to succeed in FOREX. What you can do is prepare a document explaining the DMA and how it can be integrated into this method, since you are already working with it.

So we begin here and pour out (knowledge) progressively for growth so as not to choke the tree.

Humbled to learn, Happy to share!

Simoneg
Hero Traders Live to see their Accounts Die!
  • #325
  • Mar 11, 2010 3:00pm Mar 11, 2010 3:00pm
Quoting simoneg
Thanks aswilled! I have already included charts, that is an integral part of the document to support explanation of the fib levels and so forth. I would like to work with what was started out with at the beginning of this thread, then in a structured way, progressively add improvements so that persons can see consistency in what we are using, And at the same time not crowd the charts to make decision making more complexed. Trading is simple! It took me awhile to learn that and whilst not encouraging a casual attitude, I would love people to know...
That's it with the dma. Nothing more to. Its a s/r that the pros use. So we should to. One just need to know how to periodize it. And yes you have to take it slow and make it simple. Trading is simple as mentioned, but it can get pretty overwhelming when you are bombarded with info. I grasped it quick because I had a series 7. But the people along side me had a hard time grasping. Trading is understanding s/r. The econs and understanding liquidity helps, but s/r trumps all indicators, methods, etc. That's why bobo fibs works. It deal with s/r in a methodical and easy to understand way.
A. Finesse Williams Making Millions One Pip At A Time!
  • #326
  • Mar 11, 2010 3:17pm Mar 11, 2010 3:17pm
Quoting aswilled
That's it with the dma. Nothing more to. Its a s/r that the pros use. So we should to. One just need to know how to periodize it. And yes you have to take it slow and make it simple. Trading is simple as mentioned, but it can get pretty overwhelming when you are bombarded with info. I grasped it quick because I had a series 7. But the people along side me had a hard time grasping. Trading is understanding s/r. The econs and understanding liquidity helps, but s/r trumps all indicators, methods, etc. That's why bobo fibs works. It deal with s/r in...
I appreciate a lot of tools that the pros use. However, I chose a few to use. We could say the same of the 200MAs. So once again, please put all that info in a PDF, so I can, along with the PDF I am preparing, post a link at the beginning of the thread for all persons to access. I would like to take the same approach for all other contributions.
I tutor FOREX, to persons from zero knowledge in FOREX to successful trading. This is the first time doing it Online. They have no prior knowledge or anything like that.

The Bobo fib, for example, I found a way to simplify and combine with S&R to trade successfully and share that with others.

So for all those just coming along, dont be terrified that you need a Series X for this thread. Just be willing to take the time out to learn.
Hero Traders Live to see their Accounts Die!
  • #327
  • Mar 11, 2010 4:07pm Mar 11, 2010 4:07pm
Quoting exposer
Here is my two traids for today.
I'm using Fib on 15M chart + 50 EMA To detect trend and confirm support and resistance levels.

See attached picture.


P.s Sorry for my spelling English is not my native language.
Good Trades exposer!
Hero Traders Live to see their Accounts Die!
  • #328
  • Mar 11, 2010 4:07pm Mar 11, 2010 4:07pm
Quoting Vark
I will definetely take you up on your offer!
Thank you for readiness to help out!!!
No problemo.
A. Finesse Williams Making Millions One Pip At A Time!
  • #329
  • Mar 11, 2010 4:23pm Mar 11, 2010 4:23pm
Quoting simoneg
I appreciate a lot of tools that the pros use. However, I chose a few to use. We could say the same of the 200MAs. So once again, please put all that info in a PDF, so I can, along with the PDF I am preparing, post a link at the beginning of the thread for all persons to access. I would like to take the same approach for all other contributions.
I tutor FOREX, to persons from zero knowledge in FOREX to successful trading. This is the first time doing it Online. They have no prior knowledge or anything like that....
Will do. The 200 is suppose to be placed on the daily. I agree, you don't need any licensing to trade. I was a disturbed to find out that a broker aint nothing but a high paid telemarketer. So all that business knowledge went to waste for most registered reps. I will assist you with any info you may need. I have videos and ebooks on this market that is available to and anyone else that wants it.
A. Finesse Williams Making Millions One Pip At A Time!
  • #330
  • Mar 11, 2010 6:23pm Mar 11, 2010 6:23pm
Quoting aswilled
Will do. The 200 is suppose to be placed on the daily. I agree, you don't need any licensing to trade. I was a disturbed to find out that a broker aint nothing but a high paid telemarketer. So all that business knowledge went to waste for most registered reps. I will assist you with any info you may need. I have videos and ebooks on this market that is available to and anyone else that wants it.
Cool Cool! 200MAs work very well on the 15M too for S&R. Not ready to integrate that just yet.

Ok lets get to work so these folks can get pipping!
Hero Traders Live to see their Accounts Die!
  • #331
  • Edited 8:16pm Mar 11, 2010 6:41pm | Edited 8:16pm
We are currently trading above last week's LONG price level (1.5038) and this week's pivot (1.5030). Additionally, we have broken the downward trendline on the H1 chart, once more in bull country.

The blue lines are resistance levels at 1.5085 and 1.5130.

1.5130 is an area to watch, should we get there, as it is the resistance level of this downward move from 1.5194 to 1.4871.
GBP/USD Horizontal Blue Lines are Resistance
http://img707.imageshack.us/img707/271/bullsd.jpg
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  • #332
  • Mar 11, 2010 7:05pm Mar 11, 2010 7:05pm
Zooming down to the 15M chart we see that the projected BULL targets were achieved, and we are currently trading above today's resistance level at 1.5060.

So, at this point we are still pointing bullish. Let us see where we are at in London at 3:00am EST.

GBP/USD
http://img696.imageshack.us/img696/320/15mzoom.jpg
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  • #333
  • Mar 11, 2010 7:13pm Mar 11, 2010 7:13pm
I am lover of the GBP/USD. So most of my analysis and trades are taken on this pair. Anyone trading other pairs with this method and has analysis on them please share for diversity.
Hero Traders Live to see their Accounts Die!
  • #334
  • Mar 11, 2010 7:19pm Mar 11, 2010 7:19pm
I'm trying to fall in love with the pound Simoneg and you're a huge help towards that end thanks!


Quoting simoneg
I am lover of the GBP/USD. So most of my analysis and trades are taken on this pair. Anyone trading other pairs with this method and has analysis on them please share for diversity.
  • #335
  • Mar 11, 2010 7:40pm Mar 11, 2010 7:40pm
Quoting Poocher
I'm trying to fall in love with the pound Simoneg and you're a huge help towards that end thanks!
No prob Poocher.
Hero Traders Live to see their Accounts Die!
  • #336
  • Mar 11, 2010 9:25pm Mar 11, 2010 9:25pm
In 1 hr chart, Im seeing the price is having a hard time crossing 61.8% level
And it looks like it will bounce back to me ....

but my indicator in 4hr chart showing that the price is going up and if it does i think it will cross daily resistance at 1.5187
  • #337
  • Mar 11, 2010 11:12pm Mar 11, 2010 11:12pm
Quoting exposer
Here is my two traids for today.
I'm using Fib on 15M chart + 50 EMA To detect trend and confirm support and resistance levels.

See attached picture.


P.s Sorry for my spelling English is not my native language.
nice trades - horosho porabotal!
  • #338
  • Mar 12, 2010 4:04am Mar 12, 2010 4:04am
where is everyone on this post? Must be nice to have an early weekend getaway? Have a good weekend everyone!
  • #339
  • Mar 12, 2010 4:28am Mar 12, 2010 4:28am
Quoting simoneg
I am lover of the GBP/USD. So most of my analysis and trades are taken on this pair. Anyone trading other pairs with this method and has analysis on them please share for diversity.
Hello .simoneg
I'm using this method on EUR/JPY , GBP/JPY, CAD?JPY.
and it's all giving a positive results
  • #340
  • Mar 12, 2010 4:47am Mar 12, 2010 4:47am
Quoting meovn63
where is everyone on this post? Must be nice to have an early weekend getaway? Have a good weekend everyone!

Good morning meovn63 and Everyone. Maybe Friday blues or just a later start today. But I see a couple folks online.
Hero Traders Live to see their Accounts Die!
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