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My Fibonacci trading system

  • #561
  • Apr 15, 2010 1:50am Apr 15, 2010 1:50am
Here are my 2 consecutive trades on GU 15Min,

Red arrow: Entry
Red crpss: SL
1st Red Tick: TP1
2nd Red Tick: TP2

1st Trade
Entry 1.5415 SL 1.5400 TP1 1.5455 TP2 1.5480
Risk 15 pips, Reward 65 pips

2nd Trade
Entry 1.5465 SL 1.5455 TP1 1.5495 TP2 1.5520
Risk 10 pips, Reward 55 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu15.gif Size: 23 KB
Click to Enlarge Name: gu152.gif Size: 21 KB
  • #562
  • Apr 15, 2010 1:57am Apr 15, 2010 1:57am
Hi Pip26, do u use the G7 indicator to get the pair? Thanks
  • #563
  • Apr 15, 2010 3:27am Apr 15, 2010 3:27am
Quoting freedomsg
Hi Pip26, do u use the G7 indicator to get the pair? Thanks
Yes i do
  • #564
  • Apr 15, 2010 5:44am Apr 15, 2010 5:44am
Hi Pip26,

What is your entry trigger. I cannot really understand how people our actually using this method.
Ok they our using a fib but what is the entry signal.
  • #565
  • Apr 15, 2010 6:10am Apr 15, 2010 6:10am
Quoting wjqblog
As my gift comeback. And I learned this month in the company's new knowledge for share
I gave friends the two moving average parameters
1.sma20
2.sma60

Time frame: 1 hours -4 hours-day
pairs:any

Rules. Found himself

Yes.Only two moving average.

KISS


Keep It Simple Stupid.

I am sure you will have a huge harvest

I think this is for you. Is very large gifts were

Look history.Find rule.

Thank you look this thread until now.


This system I belive it can take profit for you.

Let's see Your result.

and tell me result.
I dont know how to adapt the moving average crosses to your fib method, can you give a clue?
Greetings, BeLikewater
  • #566
  • Apr 15, 2010 6:26am Apr 15, 2010 6:26am
Quoting ukcool
Hi Pip26,

What is your entry trigger. I cannot really understand how people our actually using this method.
Ok they our using a fib but what is the entry signal.
I look for reversal candle or when candle start making lower highes / higher lows.

You also read starting posts of this thread it will help you.
  • #567
  • Apr 15, 2010 12:36pm Apr 15, 2010 12:36pm
Pls wjqblog continue posting trades you making using your method, (loosers & winners) they are very usefull for us. What do you think about my trade?
Greetings, BeLikewater
  • #568
  • Apr 15, 2010 12:40pm Apr 15, 2010 12:40pm
Here is my today's trade, hope it will work well.......

Wjqblog please keep posting your views and setups.
Attached Image (click to enlarge)
Click to Enlarge Name: gu154.gif Size: 21 KB
  • #569
  • Apr 15, 2010 2:32pm Apr 15, 2010 2:32pm
Quoting Pip26
Here is my today's trade, hope it will work well.......

Wjqblog please keep posting your views and setups.
I have to say you did not follow the rules of USD being below -1. The moment of your entry USD was in 0.28, can you explain that, because watching this it seems playing a normal retracement only, and pls put SL and TP of your trades
Greetings, BeLikewater
  • #570
  • Apr 16, 2010 2:10am Apr 16, 2010 2:10am
Quoting BeLikeWater
I have to say you did not follow the rules of USD being below -1. The moment of your entry USD was in 0.28, can you explain that, because watching this it seems playing a normal retracement only, and pls put SL and TP of your trades
you are right water, actually during london session some pairs made nice trendy moves but did not find retracements. I got this retracement lately. Hitting stop loss.
  • #571
  • Apr 16, 2010 2:43am Apr 16, 2010 2:43am
This is my today's trade setup, GU7 is giving ok sign. but maybe i m not following properly rules of this thread, i took the retracement from 50.0 level.

Red arrow is entry point
Red cross is Stop loss
1st TP FE61.8
2nd TP FE100.0
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 11 KB
  • #572
  • Apr 16, 2010 2:53am Apr 16, 2010 2:53am
if u look at the begining of the chart and if u draw fibo on the second candle in the left corner of chart to down thats the 38.2 entry... so good trade but on my rules u draw fibo bad but u bet a profit so good job
  • #573
  • Apr 16, 2010 3:09am Apr 16, 2010 3:09am
Quoting sucre666
if u look at the begining of the chart and if u draw fibo on the second candle in the left corner of chart to down thats the 38.2 entry... so good trade but on my rules u draw fibo bad but u bet a profit so good job
I am new to fibos still learning.. your view will be usefull for me.

Regards
pip26
  • #574
  • Apr 16, 2010 3:15am Apr 16, 2010 3:15am
Quoting wjqblog
As my gift comeback. And I learned this month in the company's new knowledge for share
I gave friends the two moving average parameters
1.sma20
2.sma60

Time frame: 1 hours -4 hours-day
pairs:any

Rules. Found himself

Yes.Only two moving average.

KISS


Keep It Simple Stupid.

I am sure you will have a huge harvest

I think this is for you. Is very large gifts were

Look history.Find rule.

Thank you look this thread until now.


This system I belive it can take profit for you.

Let's see Your result.

and tell me result.
yeah but forex isn't simple!
  • #575
  • Apr 16, 2010 3:20am Apr 16, 2010 3:20am
Just try to play with fibo on multi time frames.... open new chart for example EUR-USD 1H TF, Draw fibo from highest point u see to lowest, draw another fibo from second high to low and tird on 15m chart from tird high to low... u will see the magic... strong resistance and strong support points... maybe u can avoid some bad trades.
  • #576
  • Apr 16, 2010 3:30am Apr 16, 2010 3:30am
Take a look
Attached File(s)
File Type: psd 222.psd   469 KB | 363 downloads
  • #577
  • Apr 16, 2010 3:48am Apr 16, 2010 3:48am
From my chart and what my eyes telling me it is possible to Eur-USD go up to test 1.3580 area, thats the 38.2 zone with two difrent fibos.... so be smart , wait for signal, wait for h1 candle to close.... be careful...
  • #578
  • Apr 16, 2010 4:45am Apr 16, 2010 4:45am
Quoting sucre666
Just try to play with fibo on multi time frames.... open new chart for example EUR-USD 1H TF, Draw fibo from highest point u see to lowest, draw another fibo from second high to low and tird on 15m chart from tird high to low... u will see the magic... strong resistance and strong support points... maybe u can avoid some bad trades.
keep posting your confluence charts i hope it will be usefull for all members.
  • #579
  • Apr 16, 2010 6:09am Apr 16, 2010 6:09am
my trading metod have similar points with this thread but i use too much geometry and im afraid that i will confuse some of the guys.... if some one is intresting pm me and we can start another thread to share opinions but first of all all intrested people must read a book Elliot Wave Principe... I can send to all intrested people...

Just one thing on your mind, think like a big players, stop loss like a scalpers, watch Bloomberg and CNBC live and if u have a posibility watch charts on minimum two monitors....

Ps. I didnt watch Bloomberg today just for about 15minutes and from +300$ it goes to -300$ EUR-JPY... So nothing special, my mistake....
  • #580
  • Apr 16, 2010 6:58am Apr 16, 2010 6:58am
Quoting sucre666
my trading metod have similar points with this thread but i use too much geometry and im afraid that i will confuse some of the guys.... if some one is intresting pm me and we can start another thread to share opinions but first of all all intrested people must read a book Elliot Wave Principe... I can send to all intrested people...

Just one thing on your mind, think like a big players, stop loss like a scalpers, watch Bloomberg and CNBC live and if u have a posibility watch charts on minimum two monitors....

Ps. I didnt watch Bloomberg today...
Hello you are not able to recieve PM, im interested in your method and in that book, can you send me?

PD: What happened in bloomberg that make you loss money?

Regars BeLikeWater
Greetings, BeLikewater
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