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Simple & Consistent Fibbing Method

  • #1,201
  • May 27, 2010 2:38am May 27, 2010 2:38am
Quoting pathumracled
Excellent Gesture Madame Simoneg!

Clearly the technology’s state of the art is... If you think of it, it is possibly already implemented (somewhere). Further we are blessed, being able to share in a time and space now. The support continues to be Spherical.

Bless!
Thank you pathumracled!

Many blessings!
Hero Traders Live to see their Accounts Die!
  • #1,202
  • May 27, 2010 4:14am May 27, 2010 4:14am
I will try to capture the webinar as well, in case of any tech diff, so we will have at least 2 copies.
Thank you
  • #1,203
  • May 27, 2010 7:22am May 27, 2010 7:22am
Hi Simone,

I went through your pdf and videos again but i'm still not sure where to re-position the 50% fib (aka fib B).
In the first image i've plotted the fib A on EUR/USD today (27/05) starting from the low 1.2223 (12 am EST) to the high 1.2341 (5 am EST). This gave me my target areas (in green).
Attached Image (click to enlarge)
Click to Enlarge Name: euro fib a.gif Size: 41 KB

The second image shows fib A and fib B (50%) from the high to the previous low, as it is uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: euro fib ab.gif Size: 37 KB

As soon as i plotted fib B it was breached. So i should move the low to a previous low. But which low should i go for? 1, 2 or 3? I ask this because in my view i'd have to move it to low 3 for it not to be breached before i can get in.
Attached Image (click to enlarge)
Click to Enlarge Name: euro fib ab breach.gif Size: 38 KB

What am i doing wrong? Could you please post charts showing step by step, like i did?

Many thanks.
  • #1,204
  • May 27, 2010 8:25am May 27, 2010 8:25am
Quoting Vark
I will try to capture the webinar as well, in case of any tech diff, so we will have at least 2 copies.
Thank you
Great Vark,

appreciate that!
Hero Traders Live to see their Accounts Die!
  • #1,205
  • Edited 8:54am May 27, 2010 8:36am | Edited 8:54am
Quoting jackdaniel
Hi Simone,...
Hi jackdaniel,

I will post a few charts for you later today as I am not able to access my trading platform at this time. However, once you realize that the market has traded off a particular breach level, you would need to adjust the low of your 50% breach to the previous lows as you have outlined, ie (0,1,2,3), in anticipation of a reversal or continuation at that level.

One more thing, you would adjust the 50% fib in the sequence in which you have specified...0, 1, 2, 3 and so on.

I will post the charts later on it. Also, there will be a webinar this Saturday to answer some these questions. You can email [email protected] for an invitation.

Best Regards,
Simone
Hero Traders Live to see their Accounts Die!
  • #1,206
  • May 27, 2010 12:54pm May 27, 2010 12:54pm
Quoting jackdaniel
Hi Simone,...
I don't understand ABC fib. But I presume you are talking about the fibs on the 15 min tf, to give you entries and exists. This how you set up the three fibs that's used for this: the first is the daily fib. Fibbing the high and low of the previous day. The next is the intraday fib. Used to get interim targets until daily targets are reached. You set this fib to the high/low from midnight est, to 3 am. And you keep moving it up or down according to the direction the market is trending. As new highs/lows targets are made, you move this fib to that new high/low level to set new targets. This fib is used to get exits. The last is the fractal (50%) fib. This is used for entries. If the market is trending up, you fib from the low to the previous high. You keep going back in time getting new highs to fib, to place the 50% breach level ahead of price until price stop breaching it. And that signals a reversal. You do the opposite for down trends. I hope this helps.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,207
  • May 29, 2010 5:06am May 29, 2010 5:06am
Simone, starting this thread was a fantastic gesture.

aswilled, what can I say. Breathtaking analysis.

I am looking forward to following both of your day-by-day analysis with great anticipation.

Many thanks to both of you.

  • #1,208
  • May 29, 2010 10:46am May 29, 2010 10:46am
Hi All,

Our webinar will begin in 15minutes. An updated link/invitation was sent out an hour ago so you will need to register and check the conference call number.

Looking forward to seeing you!

Rg,
Simone
Hero Traders Live to see their Accounts Die!
  • #1,209
  • May 29, 2010 10:51am May 29, 2010 10:51am
The webinar capture is working, but I don't have a way to record a phone conversation. If anybody could do that, we could then put it together later.
  • #1,210
  • May 29, 2010 10:53am May 29, 2010 10:53am
I get to the Presentation Launcher and then everything stops.
  • #1,211
  • May 29, 2010 10:53am May 29, 2010 10:53am
Quoting Vark
The webinar capture is working, but I don't have a way to record a phone conversation. If anybody could do that, we could then put it together later.
Hey Vark, I am able to get the recording done, so we can put it together later.
Hero Traders Live to see their Accounts Die!
  • #1,212
  • May 29, 2010 10:55am May 29, 2010 10:55am
Quoting Troikaone1
I get to the Presentation Launcher and then everything stops.
Hi Troikaone1,

This application seems to work best with FireFox.
Hero Traders Live to see their Accounts Die!
  • #1,213
  • May 29, 2010 10:57am May 29, 2010 10:57am
OK...I will try another browser. Thx.
  • #1,214
  • May 29, 2010 1:30pm May 29, 2010 1:30pm
We can meet monday at 12 am on mibbit so we can discuss the method further and pointed questions can be answered from everyone. And we can have another webinar the same time next week. So take what you've learned and apply it. Then write down your questions (if necessary) for when we have our next webinar. After we do the 50% fib, I will host a webinar on trading rules combined with this method. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,215
  • May 29, 2010 1:39pm May 29, 2010 1:39pm
Simone you did a wonderful job in instructing in spite of the technical difficulties. At least next time we can be prepared for them. Lets discuss all the difficulties that everyone experienced so I can list the fixes to all the bugs. Thanks again, Simone darling.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,216
  • May 29, 2010 1:54pm May 29, 2010 1:54pm
Anybody here that is considering to take a short in USD/CHF?
  • #1,217
  • May 29, 2010 4:27pm May 29, 2010 4:27pm
Quoting hutrader
Anybody here that is considering to take a short in USD/CHF?
Wrong question. You can not allow someone to predict your trades unless you know their win percentage. If you are unsure about direction, you shouldn't place the trade.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,218
  • May 29, 2010 9:22pm May 29, 2010 9:22pm
Hi

Downloaded your pdf on fib/bobokus trading & saw that you were using VT Trader, so do I, but cannot find bobokus fib levels as a fib indicator in VT?

Have I missed something?

If you can help would be most grateful.

Regards

Rob
  • #1,219
  • May 29, 2010 11:44pm May 29, 2010 11:44pm
Quoting motloh
Hi

Downloaded your pdf on fib/bobokus trading & saw that you were using VT Trader, so do I, but cannot find bobokus fib levels as a fib indicator in VT?

Have I missed something?

If you can help would be most grateful.

Regards

Rob
You have to set the parameters for each fib. Cms doesn't know about bobokus fibs. I just taught them. So go into fib properties and set the levels.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,220
  • May 30, 2010 12:07am May 30, 2010 12:07am
Simone, great job today! I ahd to run to my job, so no chat for me. Please check your gmail email.
Thank you
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