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My Fibonacci trading system

  • #701
  • May 1, 2010 3:31pm May 1, 2010 3:31pm
Quoting Pip26
That was previous Resistence near 61.8 level(1.5354), so for me it was good for short.
I entered at 61.8 stop loss is 10pips above 78.6 (1.5432)
and my target is 1st TP 1.5268 2nd TP 1.5210
hello Pip26,

thanks for your answer.
i have another few questions please -
did you enter automaticaly when the price arrived to 61.8 resistance
or did you wait to see a doji candle or some another template like that?

zada
  • #702
  • May 1, 2010 8:25pm May 1, 2010 8:25pm
Hi friends, How could I install the file g7usd.ex4 to my mt4? could you help me please? thank you a lot!
  • #703
  • May 2, 2010 2:58am May 2, 2010 2:58am
Quoting septimos
Hi friends, How could I install the file g7usd.ex4 to my mt4? could you help me please? thank you a lot!
Go to your Mycomputer/programmefiles/MT4folder/experts/indicators...
and copy paste the indicator file their then restart your MT4 platform, drag the indicator on your chart, in input add this code on the last 6303590 and click ok.
  • #704
  • May 2, 2010 3:00am May 2, 2010 3:00am
Quoting zada
hello Pip26,

thanks for your answer.
i have another few questions please -
did you enter automaticaly when the price arrived to 61.8 resistance
or did you wait to see a doji candle or some another template like that?

zada

Yes zada, i placed pending order at 61.8 but with very low risk.
Next time i will show everything on charts
  • #705
  • May 2, 2010 3:02am May 2, 2010 3:02am
Quoting sucre666
I dont say i dont believe i Fibo and Fibo numbers, i belive basicly, but we have other things, market dont move as we want, so market move like big players want... so u think that always price will hit 61.8 and go back???? i think no.... and i think that we all are vitneces that this is alredy happening... we put pennding order on 61.8 and sl to 76.4 and few pips above 76.4 , and whats happening... price hit that level and go back.. so we need other system to protect us against big players... i read one book, in witch author say, that market is...

Nice words bro..............
  • #706
  • May 2, 2010 4:37am May 2, 2010 4:37am
Quoting yuan83
hahah i m still a learner. wad about u? trading live? doing gd with this system? n just to ask, did u pay for any courses?
Quoting yuan83
hahah i m still a learner. wad about u? trading live? doing gd with this system? n just to ask, did u pay for any courses?
Hi Yuan, I am trading live. When you trade live, you will make many mistakes, and that when you learned. What I can say is that Fibo will tell you what is going to happen... and MACD,Soc indis etc... are all past action. Stay with this thread for a while and people here will post their charts and share their views. I hope you can also post some charts here and we learn together. Huat Ah.....
  • #707
  • May 2, 2010 4:39am May 2, 2010 4:39am
Quoting sucre666
I dont say i dont believe i Fibo and Fibo numbers, i belive basicly, but we have other things, market dont move as we want, so market move like big players want... so u think that always price will hit 61.8 and go back???? i think no.... and i think that we all are vitneces that this is alredy happening... we put pennding order on 61.8 and sl to 76.4 and few pips above 76.4 , and whats happening... price hit that level and go back.. so we need other system to protect us against big players... i read one book, in witch author say, that market is...
Hi Sucre, so do you use also vol as one of a filter to enter a trade? Can share with us more your thought? Thanks
  • #708
  • May 2, 2010 5:03am May 2, 2010 5:03am
Quoting freedomsg
Hi Sucre, so do you use also vol as one of a filter to enter a trade? Can share with us more your thought? Thanks
I use volumes to filter end of up or down move... it have so many things to learn about volumes and first of all i was read a book by Tom Williams Master the market, the whole book is about volumes and how to see where profesional money goes... basicly if i see that in for example down move we have correction on up with few strong volume bars, and then we have more up bars with decresing volume thats signal for me that this correction is over and i can go short, then u can point your fibo to see profit targets... so basicly i dont use fibo for entry points , i use just for exits, becouse we all draw fibo on other way, u cant find 10 guys that draw fibo same, thats result of brain, becouse your brain if it isnt trained will always chase fast entry points and always telling u draw fibo here becouse u have position in that moment if u draw fibo like that... i hope so that u got a point what i want to say... so i only use fibo for exits from trade, becouse when i got a position with volumes and MA`s then i can draw fibo to see where price bounce and draw expansion to see where she will go, also u need waves , becouse fibo without waves isnt fibo.... Any more questions? If u have some more questions about Volumes, first read a book please.... we cant talk about volumes until u get right inbformations to brain... its not so easy... but when u read a book ,it will be so easy to catch any move....
  • #709
  • May 2, 2010 9:49am May 2, 2010 9:49am
Hi Sucre, thanks for yr sharing. If you have the time, and if u may... can you post a chart or two and show me ? I will read books about Volume along the way. I always believe that in learning, reading is a must. Thank you!
  • #710
  • May 2, 2010 10:53am May 2, 2010 10:53am
Quoting freedomsg
Hi Sucre, thanks for yr sharing. If you have the time, and if u may... can you post a chart or two and show me ? I will read books about Volume along the way. I always believe that in learning, reading is a must. Thank you!
This one is also form friday... i catch this on EUR-JPY... So i noticed volumes that begin to be lower as price go high, this is counter trend position and i dont advice others to do this, thats why my close is above my tp on the chart...H1 chart is main chart , switch to m15 and wait for one candle on down move to confirm and then enter... the same and better thing is when u follow trend.. its easy to catch and its a very very profitable... I use also EMA10, SMA35, EMA50 and on other chart EMA50 and SMA 50....when u enter in position like i do , counter trend then draw fibo to see where she can go down... after that when u see decresing volumes on this downmove u can switch your position to long.... but i didnt switch to long , becouse i have a life also :-D and fridays 110pips are enough for a day...
http://pic0.picsorlinks.com/ph_or_17319_ad8ada9.jpg
  • #711
  • May 2, 2010 10:58am May 2, 2010 10:58am
Quoting freedomsg
Hi Yuan, I am trading live. When you trade live, you will make many mistakes, and that when you learned. What I can say is that Fibo will tell you what is going to happen... and MACD,Soc indis etc... are all past action. Stay with this thread for a while and people here will post their charts and share their views. I hope you can also post some charts here and we learn together. Huat Ah.....
yup i realise e inadequacy of indicators.. fib with price action is gd. i also trading live, though yea blew my 1st acct happily in 1st month lol. hmmm yes i will like to learn from u all. let me read e thread from e start then will try to contribute ya.. gd luck. i want to be a full time trader. already make e determination
  • #712
  • May 2, 2010 12:27pm May 2, 2010 12:27pm
Might I kindly suggest we only post comments regarding the subject of this thread? If instead we are posting other methods (like using Volume indic), newbies could get confused. Thx.

This thread is all about using a powerful method for applying Fibonacci levels. Feel free to ask questions. It's a winner...
Vita est simillimus forexum(Life is like forex)
  • #713
  • May 2, 2010 8:36pm May 2, 2010 8:36pm
Quoting Pip26
Go to your Mycomputer/programmefiles/MT4folder/experts/indicators...
and copy paste the indicator file their then restart your MT4 platform, drag the indicator on your chart, in input add this code on the last 6303590 and click ok.
Thank you a lot Pip26, all is fine now, thanks!
  • #714
  • May 3, 2010 12:07am May 3, 2010 12:07am
hi all,

i have some problem with loading the indicator. i m using MT4... e EA shows as a dark color symbol on my navigator window instead of the normal colored one, so it seems like the EA can't be loaded. can anyone tell me what i can do? thanks
  • #715
  • May 3, 2010 12:18am May 3, 2010 12:18am
Quoting yuan83
hi all,

i have some problem with loading the indicator. i m using MT4... e EA shows as a dark color symbol on my navigator window instead of the normal colored one, so it seems like the EA can't be loaded. can anyone tell me what i can do? thanks
IBFX mt4 platform cannot use. You can try FXDD mt4 instead Yuan.
  • #716
  • May 3, 2010 12:24am May 3, 2010 12:24am
Quoting dennis681
Might I kindly suggest we only post comments regarding the subject of this thread? If instead we are posting other methods (like using Volume indic), newbies could get confused. Thx.

This thread is all about using a powerful method for applying Fibonacci levels. Feel free to ask questions. It's a winner...
Hi Dennis, if we really want to follow what the thread is... we should only use g7 indi to find a position to trade. It is ok to open for more ideas and discussion. However, if trade starter Wjqblog mind it.... why can't we open to ideas related to fibo? 666 use fibo to target profit too. Peace not wars Dennis
  • #717
  • May 3, 2010 12:59am May 3, 2010 12:59am
Quoting freedomsg
Hi Dennis, if we really want to follow what the thread is... we should only use g7 indi to find a position to trade. It is ok to open for more ideas and discussion. However, if trade starter Wjqblog mind it.... why can't we open to ideas related to fibo? 666 use fibo to target profit too. Peace not wars Dennis

really ah. shucks i use tt to trade leh.. anw hmm i think we can just use a MA as a indicator of trend? i think, why not
  • #718
  • May 3, 2010 11:37pm May 3, 2010 11:37pm
hi can someone tell me if e CCFp indicator i saw on this thread, does it work as well as the original indicator? thanks alot
  • #719
  • May 4, 2010 6:48am May 4, 2010 6:48am
Here are EJ, AU trades setups
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ejm15.gif Size: 10 KB
Click to Enlarge Name: aum15.gif Size: 12 KB
  • #720
  • May 4, 2010 7:15am May 4, 2010 7:15am
Quoting Pip26
Here are EJ, AU trades setups
Nice two Pip26.
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