Shermenator and Speedarad I want to personally thank you guys especially. You have tried to keep this thread on. I have been learning fx for the past 2 yrs plus,I've demo traded and still do alot of that. I have a live account I trade sometimes. So I am like at a transition stage but demo trading 70% of the time and trade real the rest (just taking things at my pace, not rushing). To me Fibonacci is the Holy Grail if any exist for trading. This thread and a few others have helped me the most ob fib. Although I did not have the opportunity of been taught by Bobokus directly as you both I still got alot from his foot prints here. I have also carefully followed the learning curve of three of his students - Thexder, Shermenator and Speedarat!!! - Shermenator I remember sending you a pm asking some questions on PA. As at the time I pm you Shernenator late last year i was at the point that I realised for me to get the best of Fib trading a good understanding of PA is a must and so I set out to learn from the very fundamentals - Up trend = hh's + hL's, Down trend = LL's + Lh's etc as if I never knew anything on the subject. I found that if one understands PA virtually any system can work for you successfully!!! In the midst of all my research and learning I found James16 Forex Factory thread, and that was it!!! And I must say that I was so happy to see two of you walked across there sometime in the past!! Why am I writing all these?? Well to let you know that I (and I believe some others are somewhere around as well) still want to learn from this thread and you. You have been taught by Bobokus directly, you will be doing a lot of good to so many of us if you can please revive this thread once more. I believe that although Bobokus may not post here any longer he sure would be looking at this his baby once in a while and will be glad to see that you guys have kept it alive. I look foreward to when I am good enough to lead others make their lives worth the while trading using fibo, then you can be sure I will be glad to be one of those to keep the thread going. Right now there is no really active Fibo thread around. Please keep this alive and let us learn from your wealth of experience. I know that will be a great sacrifice combining it with your trading. I will be personally greatly honoured if you guys would permit me to also be intouch with you guys via pm. All this is a plea not a demand. Thank you!!!
Fibonacci Trading with Bobokus
- #8,304
- May 15, 2010 1:13pm May 15, 2010 1:13pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Alright I will be looking for any sign to invest back in the euro. Simple reasoning everything that goes down must come up. Also many traders need to take profits. We are already starting to impact major support from a very strong level. I will be looking for some some strong type of price action either waves getting smaller ...stop hunting taking place or simply anything that indicates weakness to the downside. I dont have a specif candle or anything I just adapt to the price at it comes in. Just like If I notice I get long and a bit later price tells me it was just a weak indication I will stop and reverse or wait for stronger indication.
- #8,309
- May 27, 2010 12:08am May 27, 2010 12:08am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Alright the market is currently pushing to the downside like I was seeking. I am currently up 2 times my investment and have now moved my stop to break even. I will let the trade run and looking for a bigger push down. This movement down in the market against the dollar can be in a set a waves so I am willing to stack my postion if I believe is the correct move depending on the price action I get on the pullbacks.
- #8,314
- Jun 3, 2010 4:51am Jun 3, 2010 4:51am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
currently shot audusd and hoping to get some profit taking in the market ..risk is small compare to potential..
- #8,315
- Jun 3, 2010 8:46am Jun 3, 2010 8:46am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Alright I have now moved my stop to break even and letting the market run.
- #8,316
- Jun 3, 2010 9:30am Jun 3, 2010 9:30am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Alright market the market has found enough selling pressure. I have now started to secure myself some profits . Looking to see how the market reacts in this area and looking for a bigger push down for now.
- #8,318
- Jun 3, 2010 10:28am Jun 3, 2010 10:28am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Alright moment is slowing down and we did impact a major support level so I closing the trade with 4 times my risk. I can now loose 4 trades in a row to get back to breakeven.
- #8,320
- Jun 7, 2010 4:51am Jun 7, 2010 4:51am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
currently short here using a small stop...trying to see if the trend wants to continue risking very little for 5 times my money...and maybe more since if I do get the move to the downside I will like to sell the pullbacks.
