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Simple & Consistent Fibbing Method

  • #1,801
  • Jul 20, 2010 3:27am Jul 20, 2010 3:27am
Quoting iqyusan
in my imo : 50 weekly, 50 daily and 50 yearly ,in the same tight range ( 5200-5300 )
I dont know what this means... LOL...
I went short, after a 50% breach (1.5276 unless i did it wrong) but i may come to regret that decision. Time will tell soon enough.
  • #1,802
  • Jul 20, 2010 3:45am Jul 20, 2010 3:45am
Quoting Jazznos
I dont know what this means... LOL...
I went short, after a 50% breach (1.5276 unless i did it wrong) but i may come to regret that decision. Time will tell soon enough.
Ok I DIDNT regret it - waited till it hit bear target #1, and out for 33 pips - best in a while
  • #1,803
  • Jul 21, 2010 1:09am Jul 21, 2010 1:09am
Trying to find the updated link to Simone, previous versions, I am running on MT4 keep crashing.

I've looked on Page 1, only saw spreadsheet and pdf documentation..
  • #1,804
  • Jul 21, 2010 2:05am Jul 21, 2010 2:05am
Wrong Thread, do a search. There's another thread for the EA one
  • #1,805
  • Jul 21, 2010 3:39am Jul 21, 2010 3:39am
Quoting Baga
Trying to find the updated link to Simone, previous versions, I am running on MT4 keep crashing.

I've looked on Page 1, only saw spreadsheet and pdf documentation..
Good day Baga

EA (Simone) Thread... Be sure sure to be Guided By Page 1. Read Thread if able.
http://www.forexfactory.com/showthread.php?t=239947

Bless
  • #1,806
  • Edited 12:36pm Jul 21, 2010 12:20pm | Edited 12:36pm
Thanks much, pathumracled, didn't mean to interrupt dedicated coders, in their intense focus, to help us all.

But, the link to page 1 are the same files I am using. I am ok, now, it is working ok this am, and I am thrilled, because I've been looking for a Fib EA and this one is awesome.

I will go back to reading the forums now...Go Simone!
  • #1,807
  • Jul 22, 2010 9:43am Jul 22, 2010 9:43am
Price is trying to brake this pennant to the upside. This has price trapped between the weekly 61.8 @5273 and the topside @5283. The 10 dma is sitting on the weekly pivot @5210. A breach of this will give the bears control. However, the bulls is in control waiting on the topside pennant breach. Then there is strong resistance @97. :nerd:

http://img443.imageshack.us/img443/5230/cmcapture1.jpg

Uploaded with ImageShack.us
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,808
  • Jul 24, 2010 5:38pm Jul 24, 2010 5:38pm
The MA was a 34 EMA. I was just testing it. It does not always look as good as that.
Quoting robster
good trade whaka! what MA is on your chart?

cheers
  • #1,809
  • Jul 24, 2010 9:13pm Jul 24, 2010 9:13pm
Pity this thread is not more popular.
  • #1,810
  • Jul 24, 2010 11:06pm Jul 24, 2010 11:06pm
Quoting steroidman
Pity this thread is not more popular.
This thread was designed to teach people this method. And me and Simone have exhausted every avenue to show that the method works and how to use it. All the info for learning this method is on the thread. Is there a specific question that you have that haven't already been covered in this thread?
A. Finesse Williams Making Millions One Pip At A Time!
  • #1,811
  • Jul 25, 2010 5:31am Jul 25, 2010 5:31am
No I will endeavour to read the thread, do people contribute charts from time to time of current situations? Thanks in advance.
  • #1,812
  • Jul 25, 2010 6:16am Jul 25, 2010 6:16am
Hi, I have been using this method on a demo account for a couple of weeks now and this method is great. I stilling learning to trade and tried to follow several other methods are either hard to follow or you always late on the entry.

I need some clarification of entering a trade off the 50% fib.

How do you determine when to enter a trade on the next candle after a breach of the fib or wait for a pullback and then enter the trade.

I have watched the "How to use the 50% fib part 2" video several times.

At about the 2 minute mark in the video Simone made the first entry on the next candle after the breach. The next entry was after a slight pullback after testing for resistance. The third entry was also waiting for a pullback.

The pdf docment says " Once there is a candle close below this level a resistance level will be created here. Wait for a retrace to this level and enter on the retrace"

So how do you determine when to enter just after a breach or when to enter after a pullback (retrace)?

thanks
  • #1,813
  • Jul 25, 2010 7:35am Jul 25, 2010 7:35am
Quoting steroidman
No I will endeavour to read the thread, do people contribute charts from time to time of current situations? Thanks in advance.
Dear Bro Steroid,

We always have daily discussion of this method at mibbit chatting room . Most started from 3 est till london close. The address of this chatting room could be found at madame simone post. C u there bro.....
not euphoria follower
  • #1,814
  • Jul 25, 2010 8:25am Jul 25, 2010 8:25am
Hi Simone & Seniors

Can this fib trading method use in H4 and Daily tf?
Reason: My commitment to work full time.

tpat
  • #1,815
  • Jul 25, 2010 8:47am Jul 25, 2010 8:47am
Quoting tradpat
Hi Simone & Seniors

Can this fib trading method use in H4 and Daily tf?
Reason: My commitment to work full time.

tpat
Hi Tradpat, Yes it can! It just means you will be fibbing bigger swings and as such your risk will increase, as will your reward.
Hero Traders Live to see their Accounts Die!
  • #1,816
  • Jul 25, 2010 8:49am Jul 25, 2010 8:49am
Quoting whaka
Hi, I have been using this method on a demo account for a couple of weeks now and this method is great. I stilling learning to trade and tried to follow several other methods are either hard to follow or you always...
Hi whaka,

The preferred entry is on candlestick patterns developing around the breach level or watching the price action on 2-3 candles. At times I am able to take earlier entries based on the dominant trend.
Hero Traders Live to see their Accounts Die!
  • #1,817
  • Jul 25, 2010 8:51am Jul 25, 2010 8:51am
Quoting steroidman
No I will endeavour to read the thread, do people contribute charts from time to time of current situations? Thanks in advance.
Hi steroidman,

A lot of people chat and trade together from the chatroom. I am actually just setting up a forum for charts & trade setups only for this thread.
Hero Traders Live to see their Accounts Die!
  • #1,818
  • Jul 25, 2010 9:02am Jul 25, 2010 9:02am
I want to try to make a review of GBP/USD this week and read where the price will likely move. If some of the more expierenced traders point out the right and wrong for learning procedures, I would be very thankful!

Here we go:

The price made last week a new high @1.5471, which was also month targets 1.5390-1.5555. In this week we had a retracement till 1.5122 which was last month high and last week short (30%). After that, price moved up making this week high 1.5448 just a little below last week high.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1.gif Size: 42 KB


Now to next week:
We had a range week, where no new highs or new lows had been created, so a big move breaks this range 1.5122-1.5471 and we are at week targets.
Because the support @1.5150 withstood and the slowly recovering US economy, the price will break the highs and create new ones around week targets 1.5560-1.5630.
  • #1,819
  • Jul 25, 2010 9:11am Jul 25, 2010 9:11am
Hi Everyone,

We have a new thread, an extension to this one, which will focus on trading the SFM, as this one focuses on teaching the method. All that is on these pages, in the videos and the pdf, make up the SFM folks. That's all to it.

The new thread will allow traders trading the method to just post charts, trade setups, trades taken, say how or why and if they wish, post their results and the end. This thread can then be freed up for those learning to have free discussions and sharing and major questions can be periodically clarified.

See you SFM traders here next week...

http://www.forexfactory.com/showthread.php?t=247182

All the best!
Simone
Hero Traders Live to see their Accounts Die!
  • #1,820
  • Jul 25, 2010 5:00pm Jul 25, 2010 5:00pm
Quoting simoneg
Hi whaka,

The preferred entry is on candlestick patterns developing around the breach level or watching the price action on 2-3 candles. At times I am able to take earlier entries based on the dominant trend.

Thanks Simone for the reply.

What are the main candle stick patterns that you look for.
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