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Simple & Consistent Fibbing Method

  • #841
  • Apr 9, 2010 2:19am Apr 9, 2010 2:19am
TP #2 on GU Trade hit at 1.5330!
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  • #842
  • Apr 9, 2010 2:24am Apr 9, 2010 2:24am
TP#1 Hit in EU Long Trade!
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  • #843
  • Edited 2:48am Apr 9, 2010 2:28am | Edited 2:48am
It could very well be pullback time for EU and GU!

EU could return to 1.3320 to 1.3309, intraday bear targets~! Strong support however is at 1.3340

GU to 1.5243 to 1.5229, intraday bear targets~! Strong support at 1.5256 and 1.5236.

Awaiting confirmation of pullback...

1.5304, next breach/bounce level for GU!
1.3381, next breach/bounce level for EU!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUpullback.jpg Size: 471 KB
Click to Enlarge Name: eu.jpg Size: 475 KB
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  • #844
  • Apr 9, 2010 2:31am Apr 9, 2010 2:31am
Attached Image (click to enlarge)
Click to Enlarge Name: cable492010.JPG Size: 84 KB


I think price needs to close above my swing high in order to go above the channel , right now is respecting the channel line . but it could hit the next channel line and my T1. im not in this trade as it could pull back soon. but still watching it.

Red ema = 10
Yellow ema = 50
  • #845
  • Apr 9, 2010 2:54am Apr 9, 2010 2:54am
TP #3 Hit at 1.5350 on GU~!
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  • #846
  • Apr 9, 2010 2:58am Apr 9, 2010 2:58am
Quoting simoneg
This pattern completes at today's Bull Targets.
With Completion of GU butterfly and daily bull target #1 hit, we may be in SELL territory at 1.5350-80!
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  • #847
  • Apr 9, 2010 3:05am Apr 9, 2010 3:05am
Short at 1.5358, Targeting 1.5230-1.5212! Next breach level to watch 1.5336.
Attached Image (click to enlarge)
Click to Enlarge Name: gushort.jpg Size: 431 KB
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  • #848
  • Apr 9, 2010 3:13am Apr 9, 2010 3:13am
Good luck! i would be cautious of the current 15 min bar as a test it could go up hire since we are above the swing high, in the last major up swing.
  • #849
  • Apr 9, 2010 3:16am Apr 9, 2010 3:16am
Quoting djhex
Good luck! i would be cautious of the current 15 min bar as a test it could go up hire since we are above the swing high, in the last major up swing.
No probs! Watching 1.5380 as higher sort after level!
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  • #850
  • Apr 9, 2010 3:22am Apr 9, 2010 3:22am
Short EU at 1.3413, First TP area 1.3340, Lower 1.3314 to 1.3297!
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  • #851
  • Apr 9, 2010 3:24am Apr 9, 2010 3:24am
Attached Image (click to enlarge)
Click to Enlarge Name: cable2.GIF Size: 32 KB


my thoughts, what do you think ?
  • #852
  • Apr 9, 2010 3:28am Apr 9, 2010 3:28am
Quoting djhex
Attachment

my thoughts, what do you think ?
Thinking we'll get there later!
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  • #853
  • Apr 9, 2010 3:32am Apr 9, 2010 3:32am
volumeis getting smaller and smaller, this 15 min candle just took out the previous short candle so i closed my long for +20 pips from the bounce off 19.1 done for the day for real this time lol.
  • #854
  • Apr 9, 2010 3:35am Apr 9, 2010 3:35am
Quoting djhex
volumeis getting smaller and smaller, this 15 min candle just took out the previous short candle so i closed my long for +20 pips from the bounce off 19.1 done for the day for real this time lol.
lol! Will see where it is at later...going back to bed! Stop in Place, Limit in Place...Trade Managed, as a good friend of mine would say!
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  • #855
  • Apr 9, 2010 3:55am Apr 9, 2010 3:55am
Hello simoneg,

is there any indicator to draw bobokus fibos?
  • #856
  • Apr 9, 2010 4:21am Apr 9, 2010 4:21am
5350 is the level to watch for breach from swing high of 5390 to swing low of 5310 from where it all started
Raza
  • #857
  • Apr 9, 2010 6:03am Apr 9, 2010 6:03am
Current Weekly targets and daily targets the same - 1.5433.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP - Weekly Targets.jpg Size: 112 KB
Click to Enlarge Name: GBP - Daily Targets.jpg Size: 119 KB
AFTAB Time Will Tell & Price Will Show
  • #858
  • Apr 9, 2010 6:42am Apr 9, 2010 6:42am
Quoting Pip26
Hello simoneg,

is there any indicator to draw bobokus fibos?
Hi Pip26,

No, there is no indicator. All is done manually!
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  • #859
  • Apr 9, 2010 8:26am Apr 9, 2010 8:26am
Closed this mornings shorts on EU and GU for +97pips. Not bad for Friday!

Have a great weekend everyone!
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  • #860
  • Apr 9, 2010 8:49am Apr 9, 2010 8:49am
Even the Small ones have big effects!
Attached Image (click to enlarge)
Click to Enlarge Name: eugartley.jpg Size: 499 KB
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