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Fibonacci Trading with Bobokus

  • #8,401
  • Sep 24, 2010 7:25am Sep 24, 2010 7:25am
Hi Speed, It looks like your still here helping people out, looking good!


On another note for the members that cant log in today our server is down again, but our repair request is put in so hopefully we'll be back up soon.
  • #8,402
  • Sep 26, 2010 5:42pm Sep 26, 2010 5:42pm
Quoting Bobokus
Hi Speed, It looks like your still here helping people out, looking good!


On another note for the members that cant log in today our server is down again, but our repair request is put in so hopefully we'll be back up soon.

Thanks for the kind words , Jeff , just trying to keep valuable information alive for whom may be interested !
Hope your web will be up and running in no time.

Send you a PM
  • #8,403
  • Sep 26, 2010 11:22pm Sep 26, 2010 11:22pm
Quoting speedarad
Unlikely to revive this thread. Everybody move on Bo's web.
With the swing you follow the mkt around on every small wave it makes to see which way it goes.You can trade off the swing in raging conditions.From what I saw looks like you grasped the concept already.
Not sure what you meant by " can't get them on my account"
Thanks for checking my charts speedarad. Its good to know I'm on the right track. I am really grateful that I found this thread. I paid almost $2k for a forex course and busted 3 demo accounts! Using the fibs in the way taught by Bobokus, so far I've earned about $600+ (also demo!). But more than that, I don't feel so intimidated when I look at a chart and I think I am starting to learn something about price movement.

I meant, "on my chart", rather than "account". Jeff and others have posted some really wonderful charts. I thought it would help me learn more if I could pull the same chart on my MT4 and then see if I can draw them the same. I'm still new to MT4 but so far it looks like its only a few weeks of charting available.
  • #8,404
  • Sep 27, 2010 3:37am Sep 27, 2010 3:37am
Quoting exupery
Thanks for checking my charts speedarad. Its good to know I'm on the right track. I am really grateful that I found this thread. I paid almost $2k for a forex course and busted 3 demo accounts! Using the fibs in the way taught by Bobokus, so far I've earned about $600+ (also demo!). But more than that, I don't feel so intimidated when I look at a chart and I think I am starting to learn something about price movement.

I meant, "on my chart", rather than "account". Jeff and others have posted some really wonderful charts. I thought it would...


Try those old templates that Jeff posted , but you have to make sure you scroll back at the time the template was posted otherwise you won't see the fibs on the chart at the present time.You can also draw them by hand and just move them around.
  • #8,405
  • Sep 28, 2010 2:17am Sep 28, 2010 2:17am
Thanks for the tip speedarad. I downloaded several templates but wondered why I couldn't see anything. Didn't know about scrolling back to the time the template was posted! I'm such a noob!

Here's a trade I took today. Shorted just when it opened below the Intraday Short and exited one lot at Swing T1 and the other at T2. How cool is that
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 25 KB
  • #8,406
  • Oct 19, 2010 5:03pm Oct 19, 2010 5:03pm
I downloaded the template on post#1. Chart looks blank. I tried it on all time frames. What should I do
I also scrolled back to 2007!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.gif Size: 47 KB
  • #8,407
  • Oct 19, 2010 8:33pm Oct 19, 2010 8:33pm
Quoting ES Trader
I downloaded the template on post#1. Chart looks blank. I tried it on all time frames. What should I do
I also scrolled back to 2007!!
Try a more recent template.Make sure it's for the same pare.scroll down to the time the template was post.Look for templates from page 300 and up.
The last 50 pages probably won't have any!
  • #8,408
  • Oct 21, 2010 1:42am Oct 21, 2010 1:42am
Long time no see,
Been trading fib method again,
aftergiving money back to the market

This is the trade I take today,
E/U changing to uptrend again,
Price falls back to Intraday fib & retracement,
After Pin bar formed, open Long trade
close at trend line
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 21 october.gif Size: 29 KB
  • #8,409
  • Oct 21, 2010 3:16am Oct 21, 2010 3:16am
Doing some aggressive trade on G/U
It comes to Intraday short level where lies broken trend Line,
Now, If 1.5820 broken, will be good news.
targeting 1.5914
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 21 october.gif Size: 29 KB
  • #8,410
  • Oct 27, 2010 9:08am Oct 27, 2010 9:08am
Hi,
I started learning going through this thread last weekend, and totally love it! Seems you are the Coach here - so I hope you don't mind me posting a few charts and asking questions, except I trade Currency Futures - same thing - v. slight variations.

What are the dashed and solid blue lines on your chart?

Thanks,

Quoting speedarad
Classic Bobokus entry with target hit .
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #8,411
  • Oct 27, 2010 9:15am Oct 27, 2010 9:15am
New to the Bobokus set-up. Feedback on the attached Cable appreciated please. I have one Daily bullish Fib, and within it another bullish plotted. Blue boxes are the breakout zones. I smy bullish view valid?
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.jpg Size: 102 KB
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #8,412
  • Oct 27, 2010 6:06pm Oct 27, 2010 6:06pm
Quoting teemo
Hi,
I started learning going through this thread last weekend, and totally love it! Seems you are the Coach here - so I hope you don't mind me posting a few charts and asking questions, except I trade Currency Futures - same thing - v. slight variations.

What are the dashed and solid blue lines on your chart?

Thanks,

Welcome to the thread and please post as much as you like!
  • #8,413
  • Oct 27, 2010 6:08pm Oct 27, 2010 6:08pm
Quoting teemo
New to the Bobokus set-up. Feedback on the attached Cable appreciated please. I have one Daily bullish Fib, and within it another bullish plotted. Blue boxes are the breakout zones. I smy bullish view valid?
Not sure if this is Gbp/Usd but from this chart I would say if 1.5800 holds you should look for longs.
  • #8,414
  • Oct 27, 2010 6:43pm Oct 27, 2010 6:43pm
From what I see we have a a down chanel in progress (LH,LL) so before I confuse anyone for GU I'm looking for shorts unless I see a break of above 1.58135 level.
Attached Image (click to enlarge)
Click to Enlarge Name: gu oct 27.jpg Size: 115 KB
  • #8,415
  • Oct 27, 2010 7:31pm Oct 27, 2010 7:31pm
Hi Speedarad,
I hope you don't regret accepting my request to post you some questions As I plough through this wonderful material I have three main ones. If you are busy trading,..etc. please feel free to take your time, even into the weekend to reply:
Ø What are the entry signals besides breakouts? Is this framework solely designed for Breakout trades, or also for entering trades at turning points/pivots? From what I read in the first few pages of the thread so far I notice that entries are breakouts of the 38.2% & 61.8% - right?
Ø Is there a SL Rule within this system?
Ø When do we pull the fibs from right to left, and when from left to right? In other words when is the Fib Framework's 100% level behind the 0%, and when is if the other wway around?
Thank You Kindly,
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #8,416
  • Oct 27, 2010 7:36pm Oct 27, 2010 7:36pm
I see the bearish channel. But I also plotted a bullish Fib set on the 4 hour chart from Sept 7th to Oct 15th which leaves the 50% area in the 1.5700 region. Am I interpreting this correctly? In other words, does the medium term present a possible case for the bulls? You do have a trend line which unless broken would keep trades heading south.


Quoting speedarad
From what I see we have a a down chanel in progress (LH,LL) so before I confuse anyone for GU I'm looking for shorts unless I see a break of above 1.58135 level.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #8,417
  • Oct 27, 2010 9:16pm Oct 27, 2010 9:16pm
Quoting teemo
Hi Speedarad,
I hope you don't regret accepting my request to post you some questions As I plough through this wonderful material I have three main ones. If you are busy trading,..etc. please feel free to take your time, even into the weekend to reply:
[font=Wingdings]Ø [font=Verdana][size=2]What are the entry signals besides breakouts? Is this framework solely designed for Breakout trades, or also for entering trades at turning points/pivots? From what I read in the first few pages of the thread so far I notice that entries are...

1. This is not a mechanic system.Sometimes you take some signals and sometimes you don't.Breakouts from 38.2 and 61.8 are generally valid in trending condition and with the right price action.PA is very important in making the final decision on taking trades! Fibs are more like a guidance on where the mkt may find support or resistance.Also ,every person has his own unique perception of fibs and trading so what you should look is find something that works for you.
2. Mkt should dictate SL which shoupl be the previous turning point(or S/R).
3. We label the fibs (High,Low etc) so this way you won't have the problem where to pull the fibs.Is always from low to high.
  • #8,418
  • Oct 27, 2010 9:19pm Oct 27, 2010 9:19pm
Quoting teemo
I see the bearish channel. But I also plotted a bullish Fib set on the 4 hour chart from Sept 7th to Oct 15th which leaves the 50% area in the 1.5700 region. Am I interpreting this correctly? In other words, does the medium term present a possible case for the bulls? You do have a trend line which unless broken would keep trades heading south.
I won't be surprised if mkt would turn up again but for now I stick with the down trend till this channel is broken.But you are correct in your analyse Pa will let us know!
  • #8,419
  • Oct 28, 2010 12:58pm Oct 28, 2010 12:58pm
Quoting ES Trader
I downloaded the template on post#1. Chart looks blank. I tried it on all time frames. What should I do
I also scrolled back to 2007!!
I found something like this
Attached File(s)
File Type: mq4 BobokusFibo.mq4   5 KB | 853 downloads
  • #8,420
  • Nov 1, 2010 4:12am Nov 1, 2010 4:12am
Quoting speedarad
I won't be surprised if mkt would turn up again but for now I stick with the down trend till this channel is broken.But you are correct in your analyse Pa will let us know!
Hello speedarad,

I am currently reading this thread with great interest. I would like to set up the fib tool on my own. Question : is the method how to do that still valid as in post #1, or are there any changes to that ?

I am basically a swing trader on 4h, daily and ( rarely ) 1h/30min.

I have been thinking about joining Bobokus`s site, but I really want to gain a solid understanding ( through practice ) of the basics.

I was searching for complexity in trading for a long time, now it`s just the opposite. Reducing the fibs to their core and using them essentlially as measurements of support and resistance fascinates me.

I would be glad to occasionally post some charts.

Thank you.






_______________
michael
Be like water.
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