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My Fibonacci trading system

  • #741
  • May 5, 2010 1:45am May 5, 2010 1:45am
Quoting freedomsg
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.
Guys we can easily long bottoming pairs especially when they start making higher lows... i took eur/usd, aud/usd long usd/chf short....
  • #742
  • May 5, 2010 2:17am May 5, 2010 2:17am
Looking for a long on gbpjpy.

GBP getting stronger, JPY getting weaker.

Nice run up.

Retrace to fib confluence is what I'm now looking for, although I am wary that the retracement started at the london open..........
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  • #743
  • May 5, 2010 2:31am May 5, 2010 2:31am
Quoting Gt3rs
Looking for a long on gbpjpy.

GBP getting stronger, JPY getting weaker.

Nice run up.

Retrace to fib confluence is what I'm now looking for, although I am wary that the retracement started at the london open..........
Gbp/jpy is bouncing from double bottom bro look on H4.

I m long from 143.00 targetting 144.75.

Good Luck
  • #744
  • May 5, 2010 2:56am May 5, 2010 2:56am
Quoting Pip26
Gbp/jpy is bouncing from double bottom bro look on H4.

I m long from 143.00 targetting 144.75.

Good Luck
Well, it bombed through the confluence, so no trade.

The 4 pairs I watch did the usual faky this morning - heading up when Frankfurt opens, then the London guys come in and reverse it............
  • #745
  • Edited 3:53am May 5, 2010 3:14am | Edited 3:53am
Quoting Gt3rs
Well, it bombed through the confluence, so no trade.

The 4 pairs I watch did the usual faky this morning - heading up when Frankfurt opens, then the London guys come in and reverse it............
Yes mostly this happens, new session reverse the previous......

But these are fake moves giving more chances to load longs
  • #746
  • May 5, 2010 7:12am May 5, 2010 7:12am
Thanks freedomsg and Pip26.
That is much more clear now.
Only one more question, just to comfirm: the TP is the Fibo Expansion 61.8?
And in your chart, we insert the Fibo Expansion in the nš1 or 3?
  • #747
  • May 5, 2010 7:41am May 5, 2010 7:41am
Quoting Mr.Bosch
Thanks freedomsg and Pip26.
That is much more clear now.
Only one more question, just to comfirm: the TP is the Fibo Expansion 61.8?
And in your chart, we insert the Fibo Expansion in the nš1 or 3?
Hi Bosch, the 61.8 is TP1. It all depend on the PA and also the timing. Usually, I will place 5 to 6 pips before the 61.8%. Or move the BE to 61.8% and let it run to 100%. TP2 ..... pocket the pips is our main objeective. Different pairs will behave not the same .... know yr pair well. Post more charts... there is no right or wrong down here
  • #748
  • May 5, 2010 8:25am May 5, 2010 8:25am
Hi All EJ and UC are boiling up... However, news is round the corner. Go or no go.... yr call!
  • #749
  • May 5, 2010 8:28am May 5, 2010 8:28am
Quoting freedomsg
Hi All EJ and UC are boiling up... However, news is round the corner. Go or no go.... yr call!
Hello freedomsg,

eur/usd, eur/jpy, usd/chf are on runway, keeping my eyes on these charts let's see.......
  • #750
  • May 5, 2010 8:36am May 5, 2010 8:36am
only get 0.2lots 100pips 55555~~~
yesterday get 200pips 0.1 lots

this week only 400$

down down down~~

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  • #751
  • May 5, 2010 8:46am May 5, 2010 8:46am
Hi Pip26, I am going to wait for the news then decide. Cheers
  • #752
  • May 5, 2010 8:47am May 5, 2010 8:47am
Welcome home wjqblog.
  • #753
  • May 5, 2010 9:33am May 5, 2010 9:33am
Quoting freedomsg
Welcome home wjqblog.
sell eu again

because eg look like new lowest.eur very weak


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now eu really weak....sell sell~~~1.2800　breakout~~～～～

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wait result
  • #754
  • May 5, 2010 9:37am May 5, 2010 9:37am
i am waiting for te candle to close b4 going short on the eu.
  • #755
  • May 5, 2010 9:45am May 5, 2010 9:45am
okey take a look at this chart in the night:
http://img294.imageshack.us/img294/538/chartv.jpg
1)+1AUD/-1JPY
2)Hit Fibo level and retracement
3) Take profit, FE61.8 (it's the same of FR100)
4) SL FR32.8
5)We enter with that candle
The problem was the SL was touch, so I suppos there's something wrong...
  • #756
  • May 5, 2010 9:54am May 5, 2010 9:54am
Quoting Pip26
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...
Could you expain how to draw the fib. extention
  • #757
  • May 5, 2010 10:02am May 5, 2010 10:02am
Look at how the 38.2 holding om so beautifully.
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  • #758
  • May 5, 2010 10:19am May 5, 2010 10:19am
Quoting freedomsg
Look at how the 38.2 holding om so beautifully.
Trigger sell at 1.2864 SL at 50% and TP at 10 pips b4 FE 61.8 1.2765
  • #759
  • May 5, 2010 10:24am May 5, 2010 10:24am
entry for Eur/Jpy
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  • #760
  • May 5, 2010 10:29am May 5, 2010 10:29am
Quoting freedomsg
Trigger sell at 1.2864 SL at 50% and TP at 10 pips b4 FE 61.8 1.2765
Can you show the entries on chart bro....... price is at 50.0 now isn't it????
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