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Fib+5WMA

  • #41
  • May 25, 2010 7:46pm May 25, 2010 7:46pm
What a nice trade, thanks for showing!
  • #42
  • May 26, 2010 1:52am May 26, 2010 1:52am
Thanx All for showing interest in this method, i m busy these days can't really test this method but i will be back in some days with new modifications.

Keep up nice work all.

Cheers
  • #43
  • May 26, 2010 3:38pm May 26, 2010 3:38pm
This is a trade i just took an hour ago . My entry was after the morning star formation while my sl was above it. I came back to see that trade had closed in my favour. Please see chart below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj opened (wed.jpg Size: 75 KB
Click to Enlarge Name: aj(wed cl.jpg Size: 80 KB
it is better to miss than to loss pips
  • #44
  • May 28, 2010 11:05am May 28, 2010 11:05am
Hi guys here is my week result of one used per day with this method. Just to show that this strategy is actually working. Thanks and happy weekend to all.
Attached Image (click to enlarge)
Click to Enlarge Name: wk result.jpg Size: 87 KB
it is better to miss than to loss pips
  • #45
  • May 29, 2010 6:11pm May 29, 2010 6:11pm
2pips,

Your trades are very encouraging. Thanks for posting your results
  • #46
  • May 31, 2010 11:20am May 31, 2010 11:20am
thanks punchingbag for your post. here is my first trade for the week. Wishing a sucessfull week. I took it off 30min chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj op.jpg Size: 94 KB
Click to Enlarge Name: aj2 (cl.jpg Size: 85 KB
it is better to miss than to loss pips
  • #47
  • May 31, 2010 11:51am May 31, 2010 11:51am
Quoting 2pips
thanks punchingbag for your post. here is my first trade for the week. Wishing a sucessfull week. I took it off 30min chart.
hi . can u share your template?. thank you.
  • #48
  • May 31, 2010 9:41pm May 31, 2010 9:41pm
I have been trying to find a good way ti sue fibs. They are just so consistent. Your technique is perfect for me. It has a trade trigger (the 5 wma) and it has clear take profits. Perfect!

All price action and no lagging indicators. Keep up the good work!
  • #49
  • Jun 1, 2010 1:17am Jun 1, 2010 1:17am
Hi all. I was asleep when the setup occurred. So i missed out on the trade. However i have found my self another setup hope it goes well . My entry is a little bit earlier. By right entry should be after the formation of morning star and not while it is forming as it may decide to change.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ MISSED.jpg Size: 84 KB
Click to Enlarge Name: aj3(op.jpg Size: 87 KB
it is better to miss than to loss pips
  • #50
  • Jun 1, 2010 1:21am Jun 1, 2010 1:21am
Hi kesterpogz, here is my template. This is my first time of posting template and please do let me know if it works correctly
Attached File(s)
File Type: tpl 5wmv+fib.tpl   5 KB | 337 downloads
it is better to miss than to loss pips
  • #51
  • Jun 1, 2010 2:38am Jun 1, 2010 2:38am
The aj trade i took ended well. My 1st and 2nd target were hit.
Attached Image (click to enlarge)
Click to Enlarge Name: aj3(cl.jpg Size: 80 KB
it is better to miss than to loss pips
  • #52
  • Jun 1, 2010 2:59am Jun 1, 2010 2:59am
Awesome trades 2pips!

I notice that you don't wait for the close of the candle to make your entry. Do you find that once there is a clear rejection at a fib level that you are good to go and that percentage wise it works out in your favor?

I was just curious because in your ealier trade the stoch hadn't convincingly crossed yet but you pulled the trigger anyway. Do you always look for a candlestick pattern to help determine the entry or does it just help? Can't argue with the result of the trade

Thanks and good luck
  • #53
  • Jun 1, 2010 6:47am Jun 1, 2010 6:47am
hi punchingbag, well some times i dont wait for the candle to close in an effort to use the minimum possible st loss. Mostly i rely on candle stick formation more than stoch. Hope its of help. If you have more question please feel free to ask.
it is better to miss than to loss pips
  • #54
  • Jun 1, 2010 8:26am Jun 1, 2010 8:26am
Quoting 2pips
hi punchingbag, well some times i dont wait for the candle to close in an effort to use the minimum possible st loss. Mostly i rely on candle stick formation more than stoch. Hope its of help. If you have more question please feel free to ask.
Thank you. Makes perfect sense to me.

Ciao.
  • #55
  • Jun 2, 2010 1:56pm Jun 2, 2010 1:56pm
I missed out on todays trade setup due to school. So far i have only made one trade this week.
Attached Image (click to enlarge)
Click to Enlarge Name: aj2 (missed.jpg Size: 102 KB
it is better to miss than to loss pips
  • #56
  • Jun 2, 2010 3:07pm Jun 2, 2010 3:07pm
One of the main reason why i so much like this strategy is because of the risk to reward ratio. Like i said in my last post i traded just once this week so far due to my school activities. You will notice from the picture below that i risked only 18pips to make 76 and 128 pips totaling 205pips in just one trade setup. Please see image below.
it is better to miss than to loss pips
  • #57
  • Jun 2, 2010 3:15pm Jun 2, 2010 3:15pm
Sorry i forgot to post the picture. I have attached the picture below.
Attached Image (click to enlarge)
Click to Enlarge Name: so far.jpg Size: 20 KB
it is better to miss than to loss pips
  • #58
  • Jun 2, 2010 8:06pm Jun 2, 2010 8:06pm
Quoting 2pips
One of the main reason why i so much like this strategy is because of the risk to reward ratio. Like i said in my last post i traded just once this week so far due to my school activities. You will notice from the picture below that i risked only 18pips to make 76 and 128 pips totaling 205pips in just one trade setup. Please see image below.
I agree completely. The more I trade the more I realize how important risk/reward is. For awhile I would trade for 10 or 15 pips, only to lose 20 or 25 the next trade.
  • #59
  • Jun 3, 2010 1:37pm Jun 3, 2010 1:37pm
Looks like we are about having a sell setup. Watching it for possible bearish trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: p aetup.jpg Size: 75 KB
it is better to miss than to loss pips
  • #60
  • Jun 3, 2010 3:24pm Jun 3, 2010 3:24pm
Well looks like the setup was a falls one. So far on trade yet.
Attached Image (click to enlarge)
Click to Enlarge Name: false.jpg Size: 82 KB
it is better to miss than to loss pips
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