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SFM - Trading Room

  • #1
  • First Post: Jul 25, 2010 8:58am Jul 25, 2010 8:58am
Hi Everyone,

The purpose of this thread is for traders trading the SFM (Simple & Consistent Fibbing Method) to post their charts, trade setups and, at their will, their results.

To learn the ins and outs of the method visit my other thread http://www.forexfactory.com/showthread.php?t=222988 which teaches the method.

Let's Trade!!!
Hero Traders Live to see their Accounts Die!
  • #2
  • Jul 25, 2010 9:19am Jul 25, 2010 9:19am
Quoting simoneg
Hi Everyone,

The purpose of this thread is for traders trading the SFM (Simple & Consistent Fibbing Method) to post their charts, trade setups and, at their will, their results.

To learn the ins and outs of the method visit my other thread http://www.forexfactory.com/showthread.php?t=222988 which teaches the method.

Let's Trade!!!
hey Simone just started going through all your stuff tonight.. think you'll be getting alot of questions off me Im afraid as kinda confused on some things.. but will keep going until I can formulate the right questions to ask you...

in the meantime is your thread targetting just posts and charts etc for GBP/USD only, or all other currencies allowed? thanks
"Millionaires don't use astrology, billionaires do"
  • #3
  • Jul 25, 2010 9:22am Jul 25, 2010 9:22am
Quoting forex_growth
hey Simone just started going through all your stuff tonight.. think you'll be getting alot of questions off me Im afraid as kinda confused on some things.. but will keep going until I can formulate the right questions to ask you...

in the meantime is your thread targetting just posts and charts etc for GBP/USD only, or all other currencies allowed? thanks
Hi forex_growth,

Don't have a prob with the questions at all. Definitely traders can post on their preferred pair(s). Most importantly is that they will be able to show how they take SFM trade setups, any pair, any time frame.
Hero Traders Live to see their Accounts Die!
  • #4
  • Jul 25, 2010 9:36am Jul 25, 2010 9:36am
Quoting simoneg
Hi forex_growth,

Don't have a prob with the questions at all. Definitely traders can post on their preferred pair(s). Most importantly is that they will be able to show how they take SFM trade setups, any pair, any time frame.


Simone, God will bless you forever, in Jesus Name.

From the day I discovered your Thread, my Forex life changed dramatically in the positive direction.

The truth is that the System works on all the major pairs. It also works for USD/JPY which some people say, has a mind of its own. All that is required is the patience to allow the pair to show its hand first before going in.

The System and Success are like Siamese twins.
  • #5
  • Jul 25, 2010 9:49am Jul 25, 2010 9:49am
Hi Simoneg & Seniors

Pls. do post H4 and Daily charts (due to my full time work).
Thanks you.

tpat
  • #6
  • Jul 25, 2010 9:54am Jul 25, 2010 9:54am
Quoting Bydyke
Simone, God will bless you forever, in Jesus Name.

From the day I discovered your Thread, my Forex life changed dramatically in the positive direction.

The truth is that the System works on all the major pairs. It also works for USD/JPY which some people say, has a mind of its own. All that is required is the patience to allow the pair to show its hand first before going in.

The System and Success are like Siamese twins.
Hi Bydyke,

Thank you for sharing your good results with the system, and mostly thank you for your blessings. I am glad to hear that you are having good results on a pair outside of the GU and I am sure UJ lovers will welcome this and your charts. Looking forward to seeing you posting your setups here.

Blessings!
Hero Traders Live to see their Accounts Die!
  • #7
  • Jul 25, 2010 9:55am Jul 25, 2010 9:55am
Quoting tradpat
Hi Simoneg & Seniors

Pls. do post H4 and Daily charts (due to my full time work).
Thanks you.

tpat
Request noted tradpat!
Hero Traders Live to see their Accounts Die!
  • #8
  • Jul 25, 2010 10:24am Jul 25, 2010 10:24am
I appreciate your desire to help traders find their way.
  • #9
  • Jul 25, 2010 10:28am Jul 25, 2010 10:28am
Quoting steroidman
I appreciate your desire to help traders find their way.
Thanks steroidman!
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  • #10
  • Jul 25, 2010 10:53am Jul 25, 2010 10:53am
Quoting simoneg
Hi Bydyke,

Thank you for sharing your good results with the system, and mostly thank you for your blessings. I am glad to hear that you are having good results on a pair outside of the GU and I am sure UJ lovers will welcome this and your charts. Looking forward to seeing you posting your setups here.

Blessings!


My normal pairs are GU and EU but I took this trade on UJ last Friday, because the pair had been up and doing during the week. My buy-stop at 87.02 triggered at about 9.30am GMT with my Target profit at 87.30.

Remember it was a day we were expecting the Stress Test Result and so I didn't want to take chances by stretching my luck to TP2 at 87.38. Also before TP2, I had the H4 34.2% fib at 87.37 and the Daily R1 at 87.38.

I got my 28 pips; but from hindsight, I needn't had bordered. Price eventually burst through all of these to hit my UTL at 87.50
Attached Image (click to enlarge)
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  • #11
  • Jul 25, 2010 11:07am Jul 25, 2010 11:07am
Quoting Bydyke
My normal pairs are GU and EU but I took this trade on UJ last Friday, because the pair had been up and doing during the week. My buy-stop at 87.02 triggered at about 9.30am GMT with my Target profit at 87.30.

Remember it was a day we were expecting the Stress Test Result and so I didn't want to take chances by stretching my luck to TP2 at 87.38. Also before TP2, I had the H4 34.2% fib at 87.37 and the Daily R1 at 87.38.

I got my 28 pips; but from hindsight, I needn't had bordered. Price eventually burst through all of these to hit my UTL...
Pipping is the name of the game. That 87.50 was also the daily bull target #1. Good trade!
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  • #12
  • Jul 25, 2010 5:43pm Jul 25, 2010 5:43pm
Quoting tradpat
Hi Simoneg & Seniors

Pls. do post H4 and Daily charts (due to my full time work).
Thanks you.

tpat
I second him. I find your method very interesting but i want to apply it to higher time frame. Would like to see how it fairs in the 4hr daily tf. please post set ups on higher tf whenever you can.

Merci!
  • #13
  • Jul 25, 2010 6:15pm Jul 25, 2010 6:15pm
Hi All,

I am currently watching the GU for a possible long setup on the breach at 1.5427 shown below, targeting 1.5550, Friday's Bull Target #2. The 1.5550 area is also the yearly long level.
So yes I am still thinking long until the trend says otherwise.
Attached Image (click to enlarge)
Click to Enlarge Name: GuSun.jpg Size: 398 KB
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  • #14
  • Jul 25, 2010 6:23pm Jul 25, 2010 6:23pm
Also watching this attractive setup on the EUR/JPY at current breach level, 112.76 for 113.70.
Attached Image (click to enlarge)
Click to Enlarge Name: EYSun.jpg Size: 422 KB
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  • #15
  • Jul 25, 2010 6:37pm Jul 25, 2010 6:37pm
Wow these are moving so fast already...This is the setup I also took on the EU.
Attached Image (click to enlarge)
Click to Enlarge Name: EUSun.jpg Size: 391 KB
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  • #16
  • Jul 25, 2010 6:48pm Jul 25, 2010 6:48pm
EU giving second setup at 1.2902 breach.
Attached Image (click to enlarge)
Click to Enlarge Name: EUSun2.jpg Size: 397 KB
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  • #17
  • Jul 25, 2010 7:17pm Jul 25, 2010 7:17pm
Closed Longs for +32.6pips on EU and +43.5pips on EY, at their first resistance levels.
+76pips, Not bad for Sunday. We may have some retracements to these levels for further buying. So will see where they are at tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Sunresults.JPG Size: 17 KB
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  • #18
  • Jul 25, 2010 7:25pm Jul 25, 2010 7:25pm
Quoting simoneg
Closed Longs for +32.6pips on EU and +43.5pips on EY, at their first resistance levels.
+76pips, Not bad for Sunday. We may have some retracements to these levels for further buying. So will see where they are at tomorrow.
nicely done I had been busy at work but never realised we could apply the SFM strategy within any time period.....thanks for starting a separate thread for trading only....
Raza
  • #19
  • Jul 25, 2010 7:29pm Jul 25, 2010 7:29pm
Quoting shr5
nicely done I had been busy at work but never realised we could apply the SFM strategy within any time period.....thanks for starting a separate thread for trading only....
Thanks shr5! Trying to strike the balance between work and trading myself. Looking forward to the charts and interaction.
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  • #20
  • Jul 25, 2010 7:53pm Jul 25, 2010 7:53pm
The EU has another breach setup on 1.2910 breach level. Also marked previous breach at 1.2902. Still Looking for 1.3020 or higher.
Attached Image (click to enlarge)
Click to Enlarge Name: EUSun3.jpg Size: 400 KB
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