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My Fibonacci trading system

  • #641
  • Apr 23, 2010 10:45pm Apr 23, 2010 10:45pm
A few nice trades this week since the one I posted a page back. I have finished reading the thread. I don't understand something: re: G7. I can see when the lines diverge, the two pairs diverging are making a big trend. I go back to the beginning of that trend and place a fib. No problem there. What do people mean when they talk about the G7 "crossing"? what is the significance of that???

Anyway this system rocks.
Isolate yourself from the herd
  • #642
  • Apr 24, 2010 1:48am Apr 24, 2010 1:48am
Quoting wjqblog
I think my image explaing ma+fibo

read the image again.


Interbank mt4 sybmon name (eurusd.m) not eurusd.Look again.

i m sorry but i don't understand you.
i also read 1st post 5 times again.
where i need to write eurusd.m?
  • #643
  • Apr 24, 2010 5:05am Apr 24, 2010 5:05am
Quoting zada
i m sorry but i don't understand you.
i also read 1st post 5 times again.
where i need to write eurusd.m?
Ibfx platform won't work. Try fdxx or other platform.
  • #644
  • Apr 25, 2010 11:41am Apr 25, 2010 11:41am
hello every one,
i have question please acc. this method.
look at the attached picture.
in April 13, 2010 the G7 USD indicator show that JPY>1 and
AUD<1 so i opened this 15M chart.
i put Fibo on the chart and there is more the 3
option to take long trade but the price hit the SL
before he hit TP.

there is no 100% succses. is this situation is 1 of the bad trade
or there is something else that i don't see?
waiting for your answer.
have a good week.

zada
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 56 KB
  • #645
  • Apr 25, 2010 1:11pm Apr 25, 2010 1:11pm
[quote=wjqblog;3318037]2nd example

continue last example

still trade aud/jpy


last trade i get 80pips

wait .....

price go to first swing fibonacci 100%

this is a signal

trend may be change


.....

Ok

wait the price retracement


like 1st exapme

1.print a vertical

Attachment

2.print a fibonacci retracement

Attachment

3.wait price retracement........

38.2% is first support

38.2% sussce suppot the price~!

you look your chart or this chart

you can look~!!

fibonacct retracement very import~!



look the kd

oversold....very prefect

macd in this example i am not use(macd i only reference trading but this system fibonacci is import)

becasue this stop loss still very small


Attachment

entry

1.38.2% support the price sussces
2.a bar lowest<priview bar.
3.kd oversold

stop loss
38.2% lowest -5pips

15pips



where is target???

look chart

Attachment

Fibonacci expansion

tell me 1st target...
2nd traget
3rd target..


FE61.8% is my first target

FE100% is my second target


Attachment

so beatuful....

so prefect....

wahaha.......

fe 100% target i think it's only a time problem..

in this example

risk 10pips

reward 123pips

if succes

risk:reward

1:12

Attachment [/
very good
  • #646
  • Apr 26, 2010 2:21am Apr 26, 2010 2:21am
your
1 Entry is wrong becoz candle didn't touch the 38.2.
2 Entry is from 50.0 this method use only 38.2 & 61.8.
3 Again from 50.0.

Look at the chart i try to show you the right entry bouncing from 61.8.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 60 KB
  • #647
  • Apr 26, 2010 12:43pm Apr 26, 2010 12:43pm
Quoting Pip26
your
1 Entry is wrong becoz candle didn't touch the 38.2.
2 Entry is from 50.0 this method use only 38.2 & 61.8.
3 Again from 50.0.

Look at the chart i try to show you the right entry bouncing from 61.8.
tnx for your answer.
have a good week.
  • #648
  • Apr 27, 2010 7:49am Apr 27, 2010 7:49am
Here are my today's setups for GU, GJ, EJ.

Gbp/Usd
Entry 1.5385 SL 1.5415 1st TP FE61.8 (1.5355) 2nd TP FE100.0 (1.5325)

Gbp/Jpy
Entry 144.28 SL 144.60 1st TP FE61.8 (143.84) 2nd TP FE100.0 (143.40)

Eur/Jpy
Entry 124.65 SL 124.95 1st TP FE61.8 (124.30) 2nd TP FE100.0 (123.95)

I got Gbp/Usd, Gbp/Jpy now only having Eur/Jpy open 1st TP is hit looking for 2nd TP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gum15.gif Size: 14 KB
Click to Enlarge Name: gym15.gif Size: 13 KB
Click to Enlarge Name: ejm15.gif Size: 14 KB
  • #649
  • Apr 27, 2010 8:31am Apr 27, 2010 8:31am
Quoting Pip26
Here are my today's setups for GU, GJ, EJ.

Gbp/Usd
Entry 1.5385 SL 1.5415 1st TP FE61.8 (1.5355) 2nd TP FE100.0 (1.5325)

Gbp/Jpy
Entry 144.28 SL 144.60 1st TP FE61.8 (143.84) 2nd TP FE100.0 (143.40)

Eur/Jpy
Entry 124.65 SL 124.95 1st TP FE61.8 (124.30) 2nd TP FE100.0 (123.95)

I got Gbp/Usd, Gbp/Jpy now only having Eur/Jpy open 1st TP is hit looking for 2nd TP

Sweetness!
Isolate yourself from the herd
  • #650
  • Apr 27, 2010 8:38am Apr 27, 2010 8:38am
I entered 1 more lot at the confluence of FE61.8+38.2 Targeting FE161.8
G7 is signaling good entry

Entry 143.80 SL 144.0 TP 142.80.

Hoping for my target. entry is not on breakeven
Attached Image (click to enlarge)
Click to Enlarge Name: ejm152.gif Size: 13 KB
  • #651
  • Apr 27, 2010 8:48am Apr 27, 2010 8:48am
All credit goes to wjqblog thanx bro your method is great...
  • #652
  • Apr 27, 2010 12:14pm Apr 27, 2010 12:14pm
Quoting Pip26
All credit goes to wjqblog thanx bro your method is great...
following this
  • #653
  • Apr 27, 2010 12:36pm Apr 27, 2010 12:36pm
This must be one of the hardest threads to follow ever.

Such a shame, cos I am sure that hidden away in all the mess, is a very good strategy......................
  • #654
  • Apr 27, 2010 2:48pm Apr 27, 2010 2:48pm
say a example
yesterday

trade eur/usd


yesterday est 15:00-16:00

i teah my friend trade eur/usd

I see eur/gbp retracement to 61.8%
look chart

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 73 KB


say price and time~

in the time

i decide tell him to short eur/usd

and this time

eur/usd breakout swing high 1.3425 failed.

Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 64 KB


He entry 1.3393
stop loss put 1.3426

and in newyork stock time

happen news

spy500 short very strong


all market down

until now

he get 50% postion 40pips
30% postiong 80pips
and 20% postiong 200pips

until hold profit.wait result.
  • #655
  • Apr 28, 2010 3:06am Apr 28, 2010 3:06am
Quoting Pip26
Here are my today's setups for GU, GJ, EJ.

Gbp/Usd
Entry 1.5385 SL 1.5415 1st TP FE61.8 (1.5355) 2nd TP FE100.0 (1.5325)

Gbp/Jpy
Entry 144.28 SL 144.60 1st TP FE61.8 (143.84) 2nd TP FE100.0 (143.40)

Eur/Jpy
Entry 124.65 SL 124.95 1st TP FE61.8 (124.30) 2nd TP FE100.0 (123.95)

I got Gbp/Usd, Gbp/Jpy now only having Eur/Jpy open 1st TP is hit looking for 2nd TP


My trade results are:

Gbp/Usd +60
Gbp/Jpy +88, +100
Eur/Jpy +70

Risk reward ratio is almost 1:2.5-3 for all.
  • #656
  • Apr 28, 2010 4:53am Apr 28, 2010 4:53am
start i share this method
you get how many pips?
result is good or bad?

But myself result is bad.
control risk always first.
  • #657
  • Apr 28, 2010 5:26am Apr 28, 2010 5:26am
Quoting wjqblog
start i share this method
you get how many pips?
result is good or bad?

But myself result is bad.
control risk always first.

I got +318 pips wjqblog.
my results are good so far...
  • #658
  • Apr 28, 2010 7:20am Apr 28, 2010 7:20am
Entry on the opening of Red arrow candle
SL just below recent low
TP1 FE61.8
TP2 FE100.0
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 12 KB
  • #659
  • Apr 28, 2010 8:39am Apr 28, 2010 8:39am
I Got my Aud/Jpy 2nd Target
Attached Image (click to enlarge)
Click to Enlarge Name: ajtp2.gif Size: 9 KB
  • #660
  • Apr 28, 2010 8:40am Apr 28, 2010 8:40am
Now waiting for Cad/Jpy retracement....
Attached Image (click to enlarge)
Click to Enlarge Name: cj.gif Size: 9 KB
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