Simple & Consistent Fibbing Method

this system looks like very interesting. Thank you simoneg

I took my first live pips today.

Granted, it was an EU trade and a baby would say 'sell EU' right now, but pips are pips.

I also have an open GU sell. We shall see how this goes.

For general interest here, I am developing a trading robot for Simone's system, over in the Epsilon Megastar thread at http://www.forexfactory.com/showthread.php?t=236297.

I do not want to clutter up this thread with discussion about the robot, so I shall put the finished version in its own thread.

In the meantime, developing the bot is proving tricky, so my regulars are pitching in with help. Anybody interested in joining in, please come to the thread. You will find the latest version at http://www.forexfactory.com/search.p...nduser&u=37993 and catch up with subsequent discussion.

Posting is limited to those either with at least one voucher or who are on my buddy list. All it takes to get on to this is a pm to me, asking to be added.

So, no questions about the robot here, please; come to the EM thread to discuss this.

The GU trade looks promising.



Later edit:
That GU trade got blown out of the water after the pair went stratospheric. I must have missed an impending news release. Hey ho.

Sorry for not reponding. Yesterday was a us national holiday. Was going from bbq to bbq. I will answer your question in the interim.

Simone/Aswilled
These are my questions:
1.Time question for Intraday Fib?
Simones Reply:
Clear now point taken 00:00 - 08:00 (londonopen) = fibbing for 8 hours if in london so in usa fib for 3 hours(0-3)

2. For intraday fibs why do we need to plot, short, long and pivot levels if they are just for targets, do it provide any use in this system.
Simones Reply:
The intraday levels in conjunction witht he 50% breach can be used to confirm entry and exit points so hence the use of it.

3. For breach fibs do we select any fractual closest or a significant fractual even thought it is before this current one like 10 bars away.
IN an ABCD (B > A && D > C && D > B && C > A) use Point D for breach fib or B?

4. Is there any relationship to breach fib and 80.9 of the intraday fibs?

5. We are holding long and move back the breach fib as price makes higher highs , now the price seems to hold on the next breach point (50%) but according to Intraday fibs target is not reached,
should we have to close our long
or
should we have to close our long and enter short as breach level holds
or just wait for long to hit our T1 or t2 and ignore this breach level holdin

6. In terms of pull back for adjustment for Intraday fibs do u adjust if the pull back was not close to 80.9 but around 10 pips above it

7. In terms of pull back for adjustment for Intraday fibs do u adjust if the pull back was just bouncing of high and not going below to 80.9 ?

Please put your valuable comments?

does anyone know which charting software is being used in the charts on teh first pages of this thread (and in the PDF of the system which is attached on the first post).

Thanks,

Watch the videos in Simone's first post. All will be revealed. Including the originator of the software.

Then watch them again.

And again.

And again.

I have.

I learned a lot.

Hi StrawMan,

I do my analysis on VT Trader, cmsfx's platform. Can be downloaded from www.cmsfx.com

//Rg

Performance of SFM to date.

Hello Family,


I move for a round of applause...

Con-Ga-Rat$ Madame!

The results displayed are L*I*V*E* and hence we see the lady walking the walking the walk. Now that is a shot for building the faintest of confidence amonst us.

Bless!

Thanks much pathumracled~!!

I see your percentage is going up. I knew this method has a 90% win ratio. Now its recorded for all to see.

Simone, I am preparing the robot's user guide. Do other factors than a simple break of the breech in either direction influence your decision whether to trade or not?

Simone the robot is born. You will find her at
http://www.forexfactory.com/showthre...79#post3779479

How do one set this bot up for use?

I see aswilled!!! Exciting times! Instructions on setting up the bot are on the bot thread

Instructions in the user guide, aswilled. Not sure if it will work on your VT platform.

What platform are you using? I will give my market analysis for this week since non-farms and double no-touch options has expired last week. Also, simone if you want me to do the breach fib webinar tell me how so I can plan it out for saturday. And Vark, we need the edited version of the last webinar up on the thread.

What times or sessions do you trade in your chatroom?

I have been studying (just started so that I have a long way to go still) this method and was interested in observing in the chatroom.

First study then chat. Because if you don't know nothing you will be confused. Get an understanding of this method then you can ask the right questions that will make you proficient in using it.

Hi guys,

Ive started incorporating the SFM over the last few weeks, starting to get the hang, got 40 pips on demo last night which was my biggest trade ever :-) Hope i did it right, still figuring out the 50% breach and market direction...

Re the bot, i gather this only works on MetaTrader platforms? I use IG Markets, which looks to be based on IT-Finance. I take it thats tough luck for me? Does anyone know what the deal is here, or can help? Or should i change platforms?