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My Fibonacci trading system

  • #821
  • May 7, 2010 9:47am May 7, 2010 9:47am
Hi just wanted to know, how far away should we use the fibo for?
cause i think different people use different high and low for the fibo. do u just use the high and low from the previous day?
  • #822
  • May 7, 2010 10:25am May 7, 2010 10:25am
Quoting daemonw
Hi just wanted to know, how far away should we use the fibo for?
cause i think different people use different high and low for the fibo. do u just use the high and low from the previous day?
According to the method here is using G7 Indi to determine the last swing high or low to dtermine where to draw the fibo. Post some charts and ask yr questions.... it tell a thousand words when we use picture
  • #823
  • May 7, 2010 10:29am May 7, 2010 10:29am
Quoting freedomsg
According to the method here is using G7 Indi to determine the last swing high or low to dtermine where to draw the fibo. Post some charts and ask yr questions.... it tell a thousand words when we use picture
U can see current EJ pair... According to G7 indi, they are above 1. (Red vertical line) So I take the last high and draw it down to the low. Right now, it retrace to 50%. A setting up now.. however, it is a Friday. At yr own risk. Waiting for the entry candle.........
Attached Image (click to enlarge)
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  • #824
  • May 7, 2010 10:59am May 7, 2010 10:59am
Quoting Pip26
Hello yuan,

I look into some other methods also and when market goes in my direction i just put trailing stop and close the window........ but not every day this can be happen..... it is a jackpot but yeah many lost their accounts yesterday.....

lol . ic. ya it's make or break.really e drop yday. one can double or triple his account if he added on position according to system. anw hmmm did u managed to help me test out the other indicator? hmm maybe i really shd get another platform
  • #825
  • May 7, 2010 11:09am May 7, 2010 11:09am
Attached Image (click to enlarge)
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hehe

lock profit and buy 1lots again

wait result

bad result

2 buy 0 profits

but sell 2000$

good result

2buy 3000 $

1 sell 0 $
  • #826
  • May 9, 2010 9:03am May 9, 2010 9:03am
Quoting yuan83
lol . ic. ya it's make or break.really e drop yday. one can double or triple his account if he added on position according to system. anw hmmm did u managed to help me test out the other indicator? hmm maybe i really shd get another platform
Hi Yuan, why not u try FXDD? Try it out first... Thanks
  • #827
  • May 10, 2010 3:22am May 10, 2010 3:22am
Here are simple setups for this method.... i missed eur/usd but grabbed other's
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  • #828
  • May 10, 2010 3:43am May 10, 2010 3:43am
Quoting freedomsg
Hi Yuan, why not u try FXDD? Try it out first... Thanks
haha ok shall try .thanks
  • #829
  • May 10, 2010 4:32am May 10, 2010 4:32am
Another entries let's see how it works..........
Attached Image(s) (click to enlarge)
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  • #830
  • May 10, 2010 4:53am May 10, 2010 4:53am
Quoting Pip26
Another entries let's see how it works..........
What about the numbers in the last chart?
  • #831
  • Edited 5:16am May 10, 2010 5:14am | Edited 5:16am
Quoting Mr.Bosch
What about the numbers in the last chart?
Its an wave count only...

And i got stop loss on both 2nd entries
  • #832
  • May 10, 2010 6:03am May 10, 2010 6:03am
Hi Pip26 and all, good day. A new week ahead ya... focus and patience is the game.
  • #833
  • May 10, 2010 6:09am May 10, 2010 6:09am
Quoting freedomsg
Hi Pip26 and all, good day. A new week ahead ya... focus and patience is the game.
Hello freedomsg,

yes opening of the week is good, but later some bad entry with ignoring stochs... never mind more to come.
  • #834
  • May 10, 2010 6:21am May 10, 2010 6:21am
EU is cooking.... wait for it to close above the MA and go long....
Attached Image (click to enlarge)
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  • #835
  • May 10, 2010 6:30am May 10, 2010 6:30am
I have created a Chat group on skype, if anybody want to join please pm me.
  • #836
  • May 10, 2010 7:05am May 10, 2010 7:05am
Quoting freedomsg
EU is cooking.... wait for it to close above the MA and go long....

Please send me this volume indicator bro..
  • #837
  • May 10, 2010 7:17am May 10, 2010 7:17am
Quoting Pip26
Please send me this volume indicator bro..
i can't attach it as it is by default in my mt4 bro.
  • #838
  • May 10, 2010 7:18am May 10, 2010 7:18am
UC showing hitting the 61.8 ya.
  • #839
  • Edited 8:24am May 10, 2010 8:21am | Edited 8:24am
I am going long once the candle close above the MA.

The Vol doesn't seem right... I got to wait and confirm
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  • #840
  • Edited 9:12am May 10, 2010 8:46am | Edited 9:12am
Trigger Long for my EU...

Stopost hit............
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