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Fibonacci Trading with Bobokus

  • #8,461
  • Feb 23, 2011 12:21pm Feb 23, 2011 12:21pm
Quoting Shermenator
Alriht here is a day trade I am currently in. I am holding this trade to try and retest last months high. Keep in mind I am only risking 1 percent of my account .Remember money management is everything. If the trade starts to move in my direction I will consider taking more trades in the upward direction from smaller timeframes. I will also look at price action and key resistance point in the way to determine when to move my stop to break even.

Attachment
I am currently still holding my long postion but stop has been moved upto break even . At this point if the market reverses back to my entry point we are showing to much weakness to the upside so I will call it quits in my long position.
  • #8,462
  • Feb 24, 2011 9:13pm Feb 24, 2011 9:13pm
Quoting Chroniclez
Can anyone tell me if I have plotted the fib correctly? I am trying to trade Intraday.

The first chart is H4 and the second one is H1.

For the H4 that fib is placed correct.
  • #8,463
  • Feb 24, 2011 9:15pm Feb 24, 2011 9:15pm
Quoting exupery
Hi, I believe its from around page 100. And I find the posts on page 55 (starting #812) really helpful.
Thank you for your input!
I forget where it was.
  • #8,464
  • Mar 6, 2011 1:24pm Mar 6, 2011 1:24pm
http://www.investopedia.com/articles...rofit_loss.asp....

nice article
  • #8,465
  • Mar 6, 2011 3:20pm Mar 6, 2011 3:20pm
Very important part of trading. The most important if anything .

http://www.investopedia.com/articles...XMoneyMgmt.asp
  • #8,466
  • Mar 8, 2011 10:35pm Mar 8, 2011 10:35pm
Quoting Chroniclez
Hello Bobokusians,

This is my first post in this thread but I have been applying Bobokus's H1 Fib strategy in my trading and had many good results. I only know the Intraday H1 strategy because of its simplicity.

However, due to time constraints, I need to move to a higher TF.
So, can any Bobokus experts here guide me on how do trade the H4 or Daily TF using Fibs?

Thanks!
Same rules apply to all time frames. You have to apply it to the 4hr movements
Chairman of the International Billionaires Club :nerd:
  • #8,467
  • Mar 8, 2011 10:38pm Mar 8, 2011 10:38pm
Quoting Chroniclez
Can anyone tell me if I have plotted the fib correctly? I am trying to trade Intraday.

The first chart is H4 and the second one is H1.
The 4hr is to be done on the previous week's high/low (range fib) and the 1hr on the previous day's high/low.
Chairman of the International Billionaires Club :nerd:
  • #8,468
  • Edited 9:15am Mar 9, 2011 6:37am | Edited 9:15am
After hitting bull target, the pound retraced to the swing pivot and is stalling.
http://img851.imageshack.us/img851/5230/cmcapture1.jpg

Uploaded with ImageShack.us

http://img707.imageshack.us/img707/7405/cmcapture2d.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,469
  • Mar 9, 2011 9:06am Mar 9, 2011 9:06am
Price is making a bounce off the intraday long @6164 with a gravestone doji.
Attached Image (click to enlarge)
Click to Enlarge Name: CM Capture 3.jpg Size: 481 KB
Chairman of the International Billionaires Club :nerd:
  • #8,470
  • Mar 9, 2011 9:24am Mar 9, 2011 9:24am
Off the bounce claimed a quick 20 pip profit. :nerd:

http://img140.imageshack.us/img140/4528/cmcapture4r.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,471
  • Mar 9, 2011 12:02pm Mar 9, 2011 12:02pm
Quoting BernieMadoff
Off the bounce claimed a quick 20 pip profit. :nerd:

http://img140.imageshack.us/img140/4528/cmcapture4r.jpg

Uploaded with ImageShack.us
Thanks for posting these charts. They are great help for learning. Keep them coming.
Making money is easy- Just dont take losing trades
  • #8,472
  • Mar 9, 2011 2:05pm Mar 9, 2011 2:05pm
The cable has made some nice bounces and rejections off of the fibs, respecting the levels. The cable is in this pennant and has to make a decision shortly. :nerd:

http://img16.imageshack.us/img16/39/cmcapture5f.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,473
  • Mar 9, 2011 2:08pm Mar 9, 2011 2:08pm
Quoting Survivor
Thanks for posting these charts. They are great help for learning. Keep them coming.
No problem. I am looking to liven this thread. This is a great method of trading just as the Simple Fibbing Method.
Chairman of the International Billionaires Club :nerd:
  • #8,474
  • Mar 10, 2011 12:31am Mar 10, 2011 12:31am
Cable fell off of 4hr tl. Shall this fall continue during london to bear targets?

http://img818.imageshack.us/img818/43/cmcapture1z.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,475
  • Mar 10, 2011 4:48am Mar 10, 2011 4:48am
Price has fell from the intraday short level at midnight (est.) to the psych level of 6120, and since risen to the intraday pivot of 6189, but settled at the psych level of 6180. This resistance level is seeing sellers come in to carry the cable to bear targets of 6096/6080, respectively. :nerd:

http://img851.imageshack.us/img851/372/cmcapture2.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,476
  • Mar 10, 2011 5:00am Mar 10, 2011 5:00am
The bear targets has many support challenges for the sellers to overcome. And they are mainly in the yellow shaded area. If buyers take control back, their strongest resistance is the pysch level of 6180 and the pivot at 6189 (where I have my stoploss).

http://img839.imageshack.us/img839/4128/cmcapture3.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,477
  • Mar 10, 2011 5:56am Mar 10, 2011 5:56am
The bears are losing. Their final stronghold is the intraday long @6201. Which is also a strong psych level.

http://img825.imageshack.us/img825/5230/cmcapture1.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,478
  • Mar 10, 2011 6:05am Mar 10, 2011 6:05am
My direction was sure. The news event delayed the movement. Lets see how far it goes.

http://img687.imageshack.us/img687/6246/cmcapture1b.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,479
  • Mar 10, 2011 7:34am Mar 10, 2011 7:34am
Bears achieved their goal on the pound and euro. :nerd:

http://img96.imageshack.us/img96/9356/cmcapture2x.jpg

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http://img19.imageshack.us/img19/8308/cmcapture4v.jpg

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Chairman of the International Billionaires Club :nerd:
  • #8,480
  • Mar 10, 2011 7:38am Mar 10, 2011 7:38am
Quoting BernieMadoff
No problem. I am looking to liven this thread. This is a great method of trading just as the Simple Fibbing Method.
Thanks even i wish a live thread here because it would be much more easier to learn watching it live. Thanks for all your new posts./.

Edit: Can you please post your template? they seem much more simple then what i have got from thread?
Making money is easy- Just dont take losing trades
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