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Simple & Consistent Fibbing Method

  • #1,441
  • Jun 17, 2010 10:25am Jun 17, 2010 10:25am
Quoting simoneg
Hi desi,
Yes, those are exactly my default labels.
Hello darlin. How do you set the fibs to default?
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,442
  • Jun 17, 2010 10:32am Jun 17, 2010 10:32am
Quoting aswilled
Hello darlin. How do you set the fibs to default?

Hey aswilled? How are u doing? Right click the chart and select Chart Properties, Click Drawing Tools, then Fibonacci Retracements, Set your levels there and click ok, The settings will be saved to that specific chart. So if you want it to be applied to other Timeframes or pairs, just clone the chart and change the TF or pair. But a benefit is you can have 3 GBP 15M charts up with 3 different default fib settings. So one can be bobo fib default, one breach fib default etc.

Also, when u get a chance can u buzz me on gmail?

Thanks much!
Hero Traders Live to see their Accounts Die!
  • #1,443
  • Edited 11:43am Jun 17, 2010 10:33am | Edited 11:43am
try to buy at 4811 tp 4841
  • #1,444
  • Jun 17, 2010 10:40am Jun 17, 2010 10:40am
Price is being rejected at the 80.9 of the swing (4816) and the 4815 breach level. But it may find support at 4807 breach to push for further buying.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,445
  • Jun 17, 2010 11:16am Jun 17, 2010 11:16am
Hello, anyone using "DZ box 0.0" indicator? Nothing appears on my chart...
Any other fib indicator to draw that levels and boxes?

Thank you!
  • #1,446
  • Jun 17, 2010 11:21am Jun 17, 2010 11:21am
Hi Simone. My default fibs seem to be quite different from your own. Im using MT4. How do i get my fibs to display bull and bear targets like yours? I know i need to adjust the levels and descriptions in properties however, i am unsure exactly which numbers to input? Also, i am using IBFX feed which i believe is GMT so i am confused as to when fibs are to be drawn? Is it just from the market open to london open? Thank you.
  • #1,447
  • Jun 17, 2010 11:55am Jun 17, 2010 11:55am
This is how my fibs currently look.
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.JPG Size: 56 KB
  • #1,448
  • Jun 17, 2010 12:13pm Jun 17, 2010 12:13pm
Quoting A-game
This is how my fibs currently look.
Hello A-Game,
for MT4.0 it will definitely look differently. VT trader is the platform used foremost of the graphics Shared by Madame Simoneg & Sir Aswilled (if memory holds).

You will have to Improvise and stretch you imagination. You can go start by spreading any Fib from point A to B. Double click on the connecting line to select it then, right click to get properties. After that you can modify existing levels as you wish. My suggestion is to take a sheet of paper, Bake the Span of the Previous Day's Fib be your Hi(0%)-Low(100%) or vice versa, on the Expansion tool (you will see both Expansion & retracement, you choose, just different points of reference); Change Fib Levels and description to match those used her on the S&C Fib Meth and hope that helps.

It will take some getting used to but it is better than none.

Sweet Hour Of prayer

Bless
  • #1,449
  • Jun 17, 2010 1:16pm Jun 17, 2010 1:16pm
Quoting A-game
Hi Simone. My default fibs seem to be quite different from your own. Im using MT4. How do i get my fibs to display bull and bear targets like yours? I know i need to adjust the levels and descriptions in properties however, i am unsure exactly which numbers to input? Also, i am using IBFX feed which i believe is GMT so i am confused as to when fibs are to be drawn? Is it just from the market open to london open? Thank you.
You draw the fibs whenever you are trading. Do to the fact we predominately trade the pound, we draw fibs from midnight est to 3, for starters. Because this is when the pound starts trending. And this is only for the intraday fib. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,450
  • Jun 17, 2010 1:32pm Jun 17, 2010 1:32pm
I use fibs a lot for exits but no so much for entries. Can you post a chart of your current setuo for GU today...so that i may see the fibs you have on your chart. This is quite interesting.
Cheers
CanuckCT
  • #1,451
  • Jun 17, 2010 3:03pm Jun 17, 2010 3:03pm
Quoting CanuckCT
I use fibs a lot for exits but no so much for entries. Can you post a chart of your current setuo for GU today...so that i may see the fibs you have on your chart. This is quite interesting.
Cheers
CanuckCT
The answer to your question is on the first page.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,452
  • Jun 17, 2010 5:20pm Jun 17, 2010 5:20pm
Quoting iqyusan
try to buy at 4811 tp 4841
close at b/e by trailing . better wait for another setup ....
  • #1,453
  • Jun 18, 2010 3:41am Jun 18, 2010 3:41am
Quoting CanuckCT
I use fibs a lot for exits but no so much for entries. Can you post a chart of your current setuo for GU today...so that i may see the fibs you have on your chart. This is quite interesting.
Cheers
CanuckCT
Yes, agree.. I want to see this too.. let's learning from the more experience people here.. today's chart please..
  • #1,454
  • Jun 18, 2010 5:03am Jun 18, 2010 5:03am
Quoting a2xm
Yes, agree.. I want to see this too.. let's learning from the more experience people here.. today's chart please..
This is how the breach fib is used for entries. As you can see price tried to climb over the breach of 4844 and was rejected with a bull candle close under the breach. A bear candle opened under the breach signaling further selling. I fibbed from the high 4887 to the previous low (4800) back in time, that will place the breach at price. I then went and found another low (4774) to see if more selling would commence. And as you can see in the third chart the battle over the breach of 4831 and the bears victory. Now you have a play by play visual of how its done. Hope this helps. :nerd:

http://img686.imageshack.us/img686/5985/cmcapture1f.jpg

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http://img132.imageshack.us/img132/5161/cmcapture2o.jpg

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http://img12.imageshack.us/img12/8752/cmcapture3h.jpg

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A. Finesse Williams Making Millions One Pip At A Time!
  • #1,455
  • Jun 18, 2010 5:47am Jun 18, 2010 5:47am
Hi Aswilled,

When you drew the breach fib, What made you select that specific low.
Why not from these lows
http://i46.tinypic.com/5ldro4.gif.http://i49.tinypic.com/2gxk4xw.gif
  • #1,456
  • Jun 18, 2010 6:02am Jun 18, 2010 6:02am
Quoting aswilled
This is how the breach fib is used for entries. As you can see price tried to climb over the breach of 4844 and was rejected with a bull candle close under the breach. A bear candle opened under the breach signaling further selling. I fibbed from the high 4887 to the previous low (4800) back in time, that will place the breach at price. I then went and found another low (4774) to see if more selling would commence. And as you can see in the third chart the battle over the breach of 4831 and the bears victory. Now you have a play by play visual of...
i am still trying to understand this method
may i know why did you take the first low at 1.48003 and why not at the upper low at around 1.48050?
sorry if this question is silly
im a bit confused
  • #1,457
  • Jun 18, 2010 6:32am Jun 18, 2010 6:32am
Quoting sepak.orang
i am still trying to understand this method
may i know why did you take the first low at 1.48003 and why not at the upper low at around 1.48050?
sorry if this question is silly
im a bit confused
Yes, I also confused here. My choice even on the higher low at 1.4811, since I only analyze the price from 12:00am EST to 03:00am EST. Is it correct?

Another question is on 03:30am the price went up quite fast, what should I do at that moment? Did I have to move the higher point fib to the previous high?

Thanks...
  • #1,458
  • Jun 18, 2010 6:43am Jun 18, 2010 6:43am
Quoting a2xm
Yes, I also confused here. My choice even on the higher low at 1.4811, since I only analyze the price from 12:00am EST to 03:00am EST. Is it correct?

Another question is on 03:30am the price went up quite fast, what should I do at that moment? Did I have to move the higher point fib to the previous high?

Thanks...
from pdf that period of time usually will have good setups.
i think it is not a hard rule.
it can be anytime.

hm... we should wait answers from the gurus
  • #1,459
  • Jun 18, 2010 7:01am Jun 18, 2010 7:01am
Quoting ukcool
Hi Aswilled,

When you drew the breach fib, What made you select that specific low.
Why not from these lows
http://i46.tinypic.com/5ldro4.gif.http://i49.tinypic.com/2gxk4xw.gif
I don't know which low you are referring to with all them lows on that chart. But you have to choose the next low/high to the left of the low/high you are using to anchor your breach fib to. You can choose any low/high you desire. just make sure it places the breach around price to give you a heads up with price direction.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,460
  • Jun 18, 2010 7:04am Jun 18, 2010 7:04am
Quoting sepak.orang
i am still trying to understand this method
may i know why did you take the first low at 1.48003 and why not at the upper low at around 1.48050?
sorry if this question is silly
im a bit confused
Because it is best to choose the lower low or higher high when the lows or highs are that close. as you can see its only a five pip difference.
A. Finesse Williams Making Millions One Pip At A Time!
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