Simple & Consistent Fibbing Method

Hi Simone,
I just finished listening to and watching your video on setting up and moving the intraday fibs. Awesome job!!!!! That would have helped me so much in the beginning and cut my learning curve. I picked up a few new things from it too. I look forward to the next one which I hope includes entry and exit strategies. I sort of know them but am not 100% certain as of yet. Anyone who hasn't seen it yet, the link is on the first page of the thread. Thanks so much for sharing.

Well Done Simoneg,
Pictures are worth a thousand words, if true what's the value on an excellent video? I dear say... Priceless

I guess the acronym bug has been itching for a bit, please forgive.


Bless!

simone!!!

i'm stunned by the simplicity ! this seems to be one of those things that is tricky to understand by reading but is simple and elegant when you can see it.

you are a natural teacher, it's like you know what i'm going to ask and you answer in such a clear way . i am excited for your next video you're the best!

edit:

also a question: do you ever use harmonic price patterns ?

let me see, do i have this right?

My Experience With SFM (Simple Fibbing Method)

I was a support and resistence trader before stumbling across this thread. So naturally when I saw it involed fibonacci, I had to check it out.

I spent the weekend learning the method, and started trading with it on the Monday. Initially my winning trades increased to 80%.

The loses I suffered was from an incomplete understanding about the entire method and concepts. But thanks to 15 minutes of the lovely Simone's time, my wins increased to 90%.

What she did was explained during live trading on our chat, the use of the fractal fib. This ever important and useful fib is what's needed to make proper entries and signals as to the direction of the immediate trend.

I read the book again and noticed that I was placing my stops in the wrong places. Causing me to choose the correct direction, but not giving the market room to breathe.

This method, coupled with my knowledge of trading, mainly candlestick formations, has given me the ability to print money. Trading became more of a sport (where I have fun) than a job/task.

Thanks Simone for all you have done to freely help others to increase. Especially yours truly.

wow, thank you so much, Simone! That video is really something!!! looking forward to joining forces soon.

amazing video simone! I think with 1 more video on the 50% breach fib and how to adjust it, it would complete it! Maybe Aswilled can explain fractals more also! thanks in advance guys . see you tomorrow night/morning

Nice video, darling. Waiting for part two.

Hi Madam Simoneg......

There is DST in Europe zone , next week.

Does DST Europe zone impact to intraday setup time ( in relation to London Market Open ) ?

Last week, I used 0.00 am - 03.00 am ( EST ).

Btw big thanks for your methode madam

The only thing that affects the intraday fib is a new high or low. Time isn't a factor. From 3 to 11 am est. is just the best time to trade the pound/euro/us crosses.

yes sir i will be checking relentlessly for part two

what can you share with us come on dude what was it!? we are all very curious about these fractals

I got a couple of questions:

1. According to the method we draw the first fib on the moves from 12am to 3:15 am and later on adjust it according to the rules. But if we start trading at 6-7 am EST, do we draw the 1st fib according to highs/lows in the interval from 12am to whatever time we start and adjust that one accordingly?

2. Also earlier in the thread I noticed, that when we were taking trades based on the 50% breach level and retracement to that level, but the breach candle was a doji, most of the trades end up as losing trades (pages 3-4), so should we wait for a strong, full-bodied breach and somewhat conclusive retracement (not a doji) to confirm the breach?
Thank you!

Daily - Down trend since beginning Dec 09 with two impulse waves and two corrective waves, hit trendline 17th March and moving down.

H4 - Bear targets from wc 14 Mar fully achieved. Retraced to just past trendline, which is also 50% retrace on last weeks swing down and 1.34 physc level. Below 38.2 of last 2 weeks down swing (in sell zone)
Further selling next week could take us to the Bear Targets which are 1.3164 to 1.3100, Bull Targets for this week are 1.3672 to 1.3735.

H1 - Friday saw a retrace of c.150 pips. Bear targets for Monday are 1.3258 to 1.3232, bull targets are 1.3467 to 1.3494.

As price moves notice how it tends to find SR at a round number ('00' or '50'), see H1 chart showing how price respects these levels as it moved down so be aware of this along with the fib levels.

I must say that I am overwhelmed by your comments and feedback. Thank you ALL very much and I trust we will continue to grow together!

I have some more videos working on, next on the plate being :

 

1. The 50% breach fib and Fractals
2. Finding Entries on the Intraday Fib Levels

I am hoping to have at least one of those up today.

I love these patterns frankkn, and trade them from time to time whenever I see them setup. This is also great link to add as an additional resource for traders.

ًWHoa! u r a female ,very impressive. Did u write your story with trading some where?

this is my understanding of the basic AB=CD harmonic pattern that is in other harmonic patterns. this is usd/jpy

i duplicated AB and dragged it over to make a harmonic AB=CD projection

point C is a 61.8 retrace of AB, which gives us a projection of 1.618 projection

IF d is reached, watch price action for a down move

dude..

Simone, I can't believe how hard you work just to help others!

I am a full time student, so I have school to deal with, but I've re-arranged my next quarter so that I will be able to trade during these hours a couple times per week.

I am anticipating your next video more than you know! If I can finish wrapping my head around these elegant concepts maybe I'll try out a couple tiny trades tomorrow!

Hi Brb-Fraudin,

Yes i am a female. Its all in pages of this thread!