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My Fibonacci trading system

  • #721
  • May 4, 2010 8:09am May 4, 2010 8:09am
Quoting freedomsg
Nice two Pip26.
Thanx freedomsg........ hope u got it too?
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  • #722
  • Edited 9:10am May 4, 2010 9:07am | Edited 9:10am
Hi Pip26, I wish i have. Just got back from work. EU and EJ setting up, aren't they?
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  • #723
  • May 4, 2010 9:15am May 4, 2010 9:15am
Quoting freedomsg
Hi Pip26, I wish i have. Just got back from work. EU and EJ setting up, aren't they?
yes bro you can get again after some time... Good Luck
  • #724
  • May 4, 2010 9:25am May 4, 2010 9:25am
Hi Pip, how do u draw the fibo for ej?
  • #725
  • May 4, 2010 9:47am May 4, 2010 9:47am
Quoting freedomsg
Hi Pip, how do u draw the fibo for ej?
I just took the small wave which was not took retracement to 38.2......

Any point bro?
  • #726
  • May 4, 2010 10:10am May 4, 2010 10:10am
Hi Pip, I short EJ and is heading 61.8
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  • #727
  • Edited 10:15am May 4, 2010 10:14am | Edited 10:15am
Quoting freedomsg
Hi Pip, I short EJ and is heading 61.8
Nice entry bro.... Good Luck


Note: keep your eye on some other charts too bro on H1 many setups taking places...
  • #728
  • May 4, 2010 10:17am May 4, 2010 10:17am
Quoting freedomsg
Hi Pip, I short EJ and is heading 61.8
hi freedom may i know ur entry? thanks . n did u use e CCfp indicator before? i dun wish to change platform. thanks
  • #729
  • May 4, 2010 10:23am May 4, 2010 10:23am
Quoting yuan83
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
Sorry yuan for late answering........ i will test it and tell u tomorrow, but i think it is almost same.
  • #730
  • May 4, 2010 10:30am May 4, 2010 10:30am
Keep an eye on usd/chf, eur/usd,eur/jpy,aud/usd on H1 freedomsg...

G7 also gave signal for usd/chf , eur/usd but no retracement yet, hopefully it will take later and again falls at asian session opening.
  • #731
  • May 4, 2010 10:57am May 4, 2010 10:57am
Quoting Pip26
Sorry yuan for late answering........ i will test it and tell u tomorrow, but i think it is almost same.
thanks alot in advance!
  • #732
  • May 4, 2010 12:21pm May 4, 2010 12:21pm
Hi Everybody,
Let me check if I understand this method.
1)You have to see a currency with -1 and another with +1 in the G7 indicator
2)Then you wait for a retracement to someone of the fibo levels
3)Wait until a new bar it's open under (if you sell) the fibo level and open a position (following this example sell)
4)The SL will be the next fibo level, for example if it touched the 38.2 the SL will be de 50
5)And the TP is the 61.2 of the fibo expan.
I'm right or I'm missing something?
What about de Macd and Sthotatic?

Thanks
  • #733
  • May 4, 2010 2:33pm May 4, 2010 2:33pm
Just be smart and dont let to price fool u, i dont say that eur cant go more down, im just saying why u guys want to go short????? where is tp????? im alredy long on EJ... Pip26 know sl and tp :-D
Mt brain cant go short boys, im got a short one last night EJ 85 pips and its good, and today i want to risk my profit go push up EJ to 125.50, so we will see... better to dont do anything, but as i say to Pip26 my brain is so crazy and i must go long, so im long.... will see result tommorow ...
Good luck to all
  • #734
  • May 4, 2010 8:16pm May 4, 2010 8:16pm
Quoting yuan83
hi freedom may i know ur entry? thanks . n did u use e CCfp indicator before? i dun wish to change platform. thanks
Hi Yuan, i don't know anything about ccfp indi. Last time, I use FDxx to use the G7 indi and IBFX to trade live. However, I switch to GFT as IBFX doesn't support Iphone application at the moment whereby I find it very useful when I am at work.
  • #735
  • May 4, 2010 8:17pm May 4, 2010 8:17pm
Quoting Pip26
Keep an eye on usd/chf, eur/usd,eur/jpy,aud/usd on H1 freedomsg...

G7 also gave signal for usd/chf , eur/usd but no retracement yet, hopefully it will take later and again falls at asian session opening.
Hi Pip, thanks. I went to bed when you type that message. Thanks .. keep psoting and we learn together ya!
  • #736
  • Edited 8:28pm May 4, 2010 8:25pm | Edited 8:28pm
Quoting Mr.Bosch
Hi Everybody,
Let me check if I understand this method.
1)You have to see a currency with -1 and another with +1 in the G7 indicator (Yes)
2)Then you wait for a retracement to someone of the fibo levels (Yes)
3)Wait until a new bar it's open under (if you sell) the fibo level and open a position (following this example sell) Look at the PA (Price action)
4)The SL will be the next fibo level, for example if it touched the 38.2 the SL will be de 50 (Yes)
5)And the TP is the 61.2 of the fibo expan. (Yes Or 100% - again Check PA)
I'm right or...
Originally Posted by Mr.Bosch http://172.31.254.241/cdn.forexfacto...s/viewpost.gif
Hi Everybody,
Let me check if I understand this method.
1)You have to see a currency with -1 and another with +1 in the G7 indicator (Yes)
2)Then you wait for a retracement to someone of the fibo levels (Yes)
3)Wait until a new bar it's open under (if you sell) the fibo level and open a position (following this example sell) Look at the PA (Price action)
4)The SL will be the next fibo level, for example if it touched the 38.2 the SL will be de 50 (Yes or next logical stop)
5)And the TP is the 61.2 of the fibo expan. (Yes Or 100% - again Check PA)
I'm right or I'm missing...
Maybe , we should hear from Pip or Wjqblog if he is around.
  • #737
  • May 4, 2010 8:32pm May 4, 2010 8:32pm
Quoting sucre666
Just be smart and dont let to price fool u, i dont say that eur cant go more down, im just saying why u guys want to go short????? where is tp????? im alredy long on EJ... Pip26 know sl and tp :-D
Mt brain cant go short boys, im got a short one last night EJ 85 pips and its good, and today i want to risk my profit go push up EJ to 125.50, so we will see... better to dont do anything, but as i say to Pip26 my brain is so crazy and i must go long, so im long.... will see result tommorow ...
Good luck to all
Hi Sucre, are the Eur pairs at their bottom? We still can go long or short depend on our indicators tell us and also the TF we are in right? The 4 hr TF may be long, however the 15 mns TF is sgoing short... it all depend bro.
  • #738
  • May 5, 2010 1:23am May 5, 2010 1:23am
Quoting freedomsg
Hi Yuan, i don't know anything about ccfp indi. Last time, I use FDxx to use the G7 indi and IBFX to trade live. However, I switch to GFT as IBFX doesn't support Iphone application at the moment whereby I find it very useful when I am at work.
o haha i also trade on e phone. i didnt know there is platform supported by iphone, but i must say i do like e ibfx platform on my phone. anw ya i think it's quite impossible to use 2 platforms to check n trade
  • #739
  • May 5, 2010 1:41am May 5, 2010 1:41am
Quoting freedomsg
Originally Posted by Mr.Bosch http://172.31.254.241/cdn.forexfacto...s/viewpost.gif
[i]Hi Everybody,
Let me check if I understand this method.
1)You have to see a currency with -1 and another with +1 in the G7 indicator (Yes)
2)Then you wait for a retracement to someone of the fibo levels (Yes)
3)Wait until a new bar it's open under (if you sell) the fibo level and open a position...
Hello Mr.Bosch,

Freedomsg explained you major things here i just want to add entry signal points.

On chart showing candle number:
1. Candle touched the 38.2 but closed below that level so we started look for confirm retracement.

2. Made a lower high then previous candle which is a signal for reversal but we need to wait for this candle close.

3. We will enter on this candle, but only when we get a lower high in previous candle and showing selling pressure. look on stoch it was also crossing down.

4. One more possibility if you draw 5 SMA on your chart. Look at candle after 3rd candle closed below 5SMA 4rth candle again retraced back to 5 SMA so you can also enter on the touch of SMA.

You just need some prectice with this method again and again, but once you understand all things thn you will notice the accuracy of fibonacci.

If still have any question ask us....
  • #740
  • May 5, 2010 1:42am May 5, 2010 1:42am
Sorry i forgot to attach the chart.

here it is.
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