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Simple & Consistent Fibbing Method

  • #1,781
  • Jul 14, 2010 6:57am Jul 14, 2010 6:57am
Quoting Jean36
The daily high
Hi Jean36,Thank you for that correction, the daily high is actually at 1.5240. Will adjust and update my chart. Thanks much!
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  • #1,782
  • Jul 14, 2010 7:02am Jul 14, 2010 7:02am
So we may in fact want Monthly Bull Target #1 today. Thanks again Jean36! Going head off on the road now.
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  • #1,783
  • Jul 14, 2010 7:13am Jul 14, 2010 7:13am
Quoting simoneg
So we may in fact want Monthly Bull Target #1 today. Thanks again Jean36! Going head off on the road now.




Thank you for all your help!
  • #1,784
  • Jul 14, 2010 7:20am Jul 14, 2010 7:20am
Quoting simoneg
Good Stuff iqyusan!
news in few minutes... just closed post at 30 pips madame.
  • #1,785
  • Jul 14, 2010 7:33am Jul 14, 2010 7:33am
Quoting Jean36
Thank you for all your help!
No prob Jean36! All the best trading today!
Hero Traders Live to see their Accounts Die!
  • #1,786
  • Jul 14, 2010 9:50am Jul 14, 2010 9:50am
Quoting iqyusan
news in few minutes... just closed post at 30 pips madame.
Good Trade iqyusan~!
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  • #1,787
  • Jul 14, 2010 9:52am Jul 14, 2010 9:52am
Just for consideration, the EUR/USD has already achieved its Monthly bull target number 1 and Bull Target number 2 is just a few pips away. Now we also see the GBP/USD rising towards its Monthly bull target number 1. These may be very attractive areas for sellers. Lets see how it plays out.
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  • #1,788
  • Jul 14, 2010 9:57am Jul 14, 2010 9:57am
Quoting simoneg
Just for consideration, the EUR/USD has already achieved its Monthly bull target number 1 and Bull Target number 2 is just a few pips away. Now we also see the GBP/USD rising towards its Monthly bull target number 1. These may be very attractive areas for sellers. Lets see how it plays out.
madame.........please come to mibbit. your student miss you there .... come on madame hehehhehe
  • #1,789
  • Jul 14, 2010 10:05am Jul 14, 2010 10:05am
Quoting iqyusan
madame.........please come to mibbit. your student miss you there .... come on madame hehehhehe

A tempting offer iqyusan...only that I am at work. Just closed longs on GU and settling down. Will pop in now and again when i can.
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  • #1,790
  • Jul 14, 2010 11:54am Jul 14, 2010 11:54am
Hey iqyusan, popped in on chatroom and was empty. Whats up with that?

Oki doke. Later anyhow!
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  • #1,791
  • Jul 14, 2010 8:25pm Jul 14, 2010 8:25pm
Quoting simoneg
Hey iqyusan, popped in on chatroom and was empty. Whats up with that?

Oki doke. Later anyhow!
whoops.... it looks madame came few minutes after we go off... coz it was midnight already in our time. We went to bed island already hehehhehhe.

Okie doke too madame......cu later .................!
  • #1,792
  • Jul 15, 2010 2:22am Jul 15, 2010 2:22am
Hi SCFM team,

I took an entry just on the UK open today. Intra day fib from high 1.5290 to low of 1.5253. Waited for 50% breach and went long. Other indicators seemed to be going that way but maybe a little sideways.

Got stopped out about 15 mins later (tight stop of 12 cos Im scalping).

Can anyone suggest any signs i may have missed that may have had me stay out?

Thanks :-)
  • #1,793
  • Jul 15, 2010 5:16am Jul 15, 2010 5:16am
Quoting Jazznos
Hi SCFM team,

I took an entry just on the UK open today. Intra day fib from high 1.5290 to low of 1.5253. Waited for 50% breach and went long. Other indicators seemed to be going that way but maybe a little sideways.

Got stopped out about 15 mins later (tight stop of 12 cos Im scalping).

Can anyone suggest any signs i may have missed that may have had me stay out?

Thanks :-)
Good Morning Jazznos, that was a good entry. Why did you use such a tight stop. That is the only prob I see with that trade.
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  • #1,794
  • Jul 15, 2010 5:39am Jul 15, 2010 5:39am
The EU has reached and exceeded both its monthly bull targets, by a few pips. We have also achieved today's bull targets. Up ahead we see attractive yearly support, which may be a plan for later. For now, buying should be a limited activity if you are not already long. We could be in sell zone back to the 1.2600 level.

The GU is slowly pushing into its Monthly Bull Target # 1 at 1.5400, which may be stalling the EU. We have achieved Today's Bull Targets and Yesterday's unachieved Bull Target #1. Sellers may be unwilling to step in before 1.5400 so, until then or clear signs of weakness, the GU continues to be Bullish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU30m.jpg Size: 447 KB
Click to Enlarge Name: GU30M.jpg Size: 556 KB
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  • #1,795
  • Jul 15, 2010 5:40am Jul 15, 2010 5:40am
Quoting Jazznos
Hi SCFM team,

I took an entry just on the UK open today. Intra day fib from high 1.5290 to low of 1.5253. Waited for 50% breach and went long. Other indicators seemed to be going that way but maybe a little sideways.

Got stopped out about 15 mins later (tight stop of 12 cos Im scalping).

Can anyone suggest any signs i may have missed that may have had me stay out?

Thanks :-)
Stop too tight for the pound.
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,796
  • Jul 15, 2010 7:41am Jul 15, 2010 7:41am
Quoting simoneg
Good Morning Jazznos, that was a good entry. Why did you use such a tight stop. That is the only prob I see with that trade.
Ive been out and come back and seen that yes, it would have been a good entry. Price has hit both the Intraday bull targets AND the DAILY bull targets, responding to each level in the most uncanny fashion!

These fibs so often really are the closest thing Ive seen to a crystal ball in this game!!

My SL is a product of the methodology I was taught, which I have largely been replacing with SCFM (with thanks and blessings to Simone!).

My entry was at 1.5279. If my stop was just maybe 3 pips more, i would still have been in, and gotten at least my min daily target of 20. Cos Im used to scalping small amounts I dont think i would still have been in this late to get the 100 or so on offer, but thats where I need to be.

Thanks for the replies everyone and all the best :-)
  • #1,797
  • Jul 16, 2010 10:26am Jul 16, 2010 10:26am
hi everyone. just wanted to share spx500 chart from this morning. had i stayed in, it would have been a great trade.

it also broke the 80.9 line from higher time frame., does it mean it would go down further to 61.8 ? we will see later today.
Attached Image (click to enlarge)
Click to Enlarge Name: sp.jpg Size: 128 KB
  • #1,798
  • Jul 19, 2010 9:43am Jul 19, 2010 9:43am
Quoting bestp
hi everyone. just wanted to share spx500 chart from this morning. had i stayed in, it would have been a great trade.

it also broke the 80.9 line from higher time frame., does it mean it would go down further to 61.8 ? we will see later today.
Good Morning bestp, interesting...here we are still dropping, and should have much more to go after the 50% retrace of our fist drop (thurs to friday).
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  • #1,799
  • Jul 20, 2010 2:55am Jul 20, 2010 2:55am
Damn, Cable is slowwwww and sideways today after the UK open. I cant pick it, but has been going long for a while... Indicators are a bit overbought so probably a good time to stay out. Price stopped at Daily R1, so have been wary of that too... Could be a little retracement before continuing long... will have to wait and see.
  • #1,800
  • Jul 20, 2010 3:07am Jul 20, 2010 3:07am
Quoting Jazznos
Damn, Cable is slowwwww and sideways today after the UK open. I cant pick it, but has been going long for a while... Indicators are a bit overbought so probably a good time to stay out. Price stopped at Daily R1, so have been wary of that too... Could be a little retracement before continuing long... will have to wait and see.
in my imo : 50 weekly, 50 daily and 50 yearly ,in the same tight range ( 5200-5300 )
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