Simple & Consistent Fibbing Method | Page 48 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

SIMPLE EA for a simple method needed!! 2 replies

Simple, Non-subjective, Consistent, Effective 645 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Simple Method to Scalp & Trade Big 42 replies

Attachments: Simple & Consistent Fibbing Method
Exit Attachments

Simple & Consistent Fibbing Method

  • #941
  • Apr 18, 2010 12:26pm Apr 18, 2010 12:26pm
Quoting crezik17
HI simoneg.. u had done a good Job with FIb.. I am a part time trader in the forex market .. fulltime assosiated with indian stock market ( I am from india)...I am using a MT4 for my forex trading.. I want this indicator for my MT4...

can u provide me please????

THanks & warm regards
Kaushik.
Hi and thanks crezik17,

I dont have an indicator for this method at all...Its traded manually.
Hero Traders Live to see their Accounts Die!
  • #942
  • Edited 4:39pm Apr 18, 2010 4:06pm | Edited 4:39pm
The GU achieved its bull targets for last week and started to retrace.
Fibbing the High to Low of the last Up move, that is, 1.5522 to 1.5127, we see 19.1 support at 1.5202, which is a likely area for us to retrace to. However, we also have strong support at 1.5300, 1.5280 and 1.5230.
Last week's trading range was also very narrow on this pair which means we could be preparing for further selling to these areas.
Also fibbing from the high of 1.5522 to the low of 1.5042(31 March 3:00am), we see a major 50% breach level at 1.5280. This is an area to watch and is shown in the second chart below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Guh12.jpg Size: 417 KB
Click to Enlarge Name: breach.jpg Size: 300 KB
Hero Traders Live to see their Accounts Die!
  • #943
  • Apr 18, 2010 9:29pm Apr 18, 2010 9:29pm
great day so far, GJ short @ 140.85 bounce to TP 140.41 conservative. Took short after seeing all the pin bars on the 1 hour chart. weeeeeeeee
  • #944
  • Apr 19, 2010 6:00am Apr 19, 2010 6:00am
GU has hit the 19.1% support and has started buying. Long entries at this level are good to target 1.5290 to 1.5310 for initial targets and later 1.5380
Hero Traders Live to see their Accounts Die!
  • #945
  • Apr 19, 2010 7:55am Apr 19, 2010 7:55am
Sorry I could not post any charts on this trade...scores of trouble with my internet.
Hero Traders Live to see their Accounts Die!
  • #946
  • Apr 19, 2010 9:05am Apr 19, 2010 9:05am
We are just about at TP#1 on our GU Long trade at 1.5290. TP#2 at 1.5310-20.
We may experience some selling at 1.5320 so for those holding for longer, please pay attention to this area.
Hero Traders Live to see their Accounts Die!
  • #947
  • Apr 19, 2010 9:34am Apr 19, 2010 9:34am
We have hit both our TPs on the GU Trade and watching PA on the 1.5320 resistance level. Possible short trade may setup here.
Hero Traders Live to see their Accounts Die!
  • #948
  • Apr 19, 2010 9:58am Apr 19, 2010 9:58am
Longs closed, short off 1.5320 resistance, TP 1.5240. Hope to be able to post charts tomorrow. Ok all, have a great trading day and see you tomorrow.
Hero Traders Live to see their Accounts Die!
  • #949
  • Apr 19, 2010 10:30am Apr 19, 2010 10:30am
Quoting simoneg
GU has hit the 19.1% support and has started buying. Long entries at this level are good to target 1.5290 to 1.5310 for initial targets and later 1.5380
wow....and all this while I was in GU long with you though booked my long @ 1.5270 but I am happy work has been crazy the past 2 weeks so haven't been able to come over in the chatroom.....ooh and I missed the short @ 1.5320....ooh well can't win 'em all

feels good to start the week on a positive note....thanks Simoneg for introducing this method and Aswilled for getting us novice traders to think out of the box
Raza
  • #950
  • Apr 19, 2010 10:46am Apr 19, 2010 10:46am
Quoting simoneg
GU has hit the 19.1% support and has started buying. Long entries at this level are good to target 1.5290 to 1.5310 for initial targets and later 1.5380
hi simoneg.. i'm new to this system.. i'm just done reading the pdf and watching the videos..i found it really interesting, simple and profitable..

i wish you could post the above type of comments/post as well as alike the series of your "GU Long Trade" comment/post daily .. it's very simple and consice.. it's ok without a chart..

it's really help me a lot understanding this trading system a lot better.. i've been following with your real time comments/post today, and ended-up both long and short position in the money..

i hope could master this technic at soonest possible time with your help of course..

great thanks to you simoneg! you've done a tremendous job.. see you soon..
  • #951
  • Apr 19, 2010 11:06am Apr 19, 2010 11:06am
Quoting shr5
wow....and all this while I was in GU long with you though booked my long @ 1.5270 but I am happy work has been crazy the past 2 weeks so haven't been able to come over in the chatroom.....ooh and I missed the short @ 1.5320....ooh well can't win 'em all

feels good to start the week on a positive note....thanks Simoneg for introducing this method and Aswilled for getting us novice traders to think out of the box
Hey shr!!! Its been awhile, I have been very busy just the same but will have to adjust to the work pressure to balance things. Good Trade! Just closed my short on GU as well! It may be better to focus on posting setups in the thread and then have discussions afterwards in chat. It may be better from a learning perspective.

Take care and see you tomorrow!
Hero Traders Live to see their Accounts Die!
  • #952
  • Apr 19, 2010 11:08am Apr 19, 2010 11:08am
Quoting d_narrow
hi simoneg.. i'm new to this system.. i'm just done reading the pdf and watching the videos..i found it really interesting, simple and profitable..

i wish you could post the above type of comments/post as well as alike the series of your "GU Long Trade" comment/post daily .. it's very simple and consice.. it's ok without a chart..

it's really help me a lot understanding this trading system a lot better.. i've been following with your real time comments/post today, and ended-up both long and short position in the money..

i hope could...
Hi d_narrow,

Good trade to you! If you stick with the method after awhile, decision making will be much quicker and easier. Thanks very much!

Simoneg
Hero Traders Live to see their Accounts Die!
  • #953
  • Edited 1:14pm Apr 19, 2010 11:52am | Edited 1:14pm
Closed nice little short on GU. Long at 1.5273, breakeven for 1.5380. So this really is the last trade for the day.

1.5292 is the next entry level area, should we get a close above and bounce off this level. This 50% breach area can be identified by fibbing from 1.5402(1:00pm high of April 16) to 1.5191(6:00am low).
Hero Traders Live to see their Accounts Die!
  • #954
  • Apr 19, 2010 1:15pm Apr 19, 2010 1:15pm
Quoting simoneg
Hey shr!!! Its been awhile, I have been very busy just the same but will have to adjust to the work pressure to balance things. Good Trade! Just closed my short on GU as well! It may be better to focus on posting setups in the thread and then have discussions afterwards in chat. It may be better from a learning perspective.

Take care and see you tomorrow!
Yes that will work.
A. Finesse Williams Making Millions One Pip At A Time!
  • #955
  • Apr 19, 2010 1:20pm Apr 19, 2010 1:20pm
Aswilled!!!! Hola!
Hero Traders Live to see their Accounts Die!
  • #956
  • Apr 19, 2010 3:18pm Apr 19, 2010 3:18pm
Trailing stop on last long trade hit for +57 pips...+154pips for today!
Hero Traders Live to see their Accounts Die!
  • #957
  • Apr 19, 2010 5:30pm Apr 19, 2010 5:30pm
Quoting simoneg
Aswilled!!!! Hola!
Hola darling. Glad to see you back.
A. Finesse Williams Making Millions One Pip At A Time!
  • #958
  • Apr 19, 2010 6:31pm Apr 19, 2010 6:31pm
hey everyone

i hopefull will be able to join yall soon but i am very busy with school

its 7:30 pm and i am on break from class. just finished an exam and about to head back in. this quarter is crazy i have class from before the sun comes up till well after it goes down.

i really wanted to let yall know why i was here for a second and disappeared (when i was posting here it was spring break lol)

ok i have to go class already started without me
  • #959
  • Apr 19, 2010 7:43pm Apr 19, 2010 7:43pm
Quoting aswilled
Hola darling. Glad to see you back.
Thanks Aswilled!
Hero Traders Live to see their Accounts Die!
  • #960
  • Apr 19, 2010 7:51pm Apr 19, 2010 7:51pm
Quoting frankkn
hey everyone

i hopefull will be able to join yall soon but i am very busy with school

its 7:30 pm and i am on break from class. just finished an exam and about to head back in. this quarter is crazy i have class from before the sun comes up till well after it goes down.

i really wanted to let yall know why i was here for a second and disappeared (when i was posting here it was spring break lol)

ok i have to go class already started without me
Hey Frankkn...missed you around here! Good to see you!
Hero Traders Live to see their Accounts Die!
0 traders viewing now