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#121
Aug 27, 2011 11:36am Aug 27, 2011 11:36am

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#122
Aug 27, 2011 11:39am Aug 27, 2011 11:39am

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#123
Aug 27, 2011 12:45pm Aug 27, 2011 12:45pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#124
Edited 1:10pm Aug 27, 2011 12:59pm | Edited 1:10pm

Lou
Joined Mar 2004 | Status: Senior Member | 1,633 Posts

Rocky,

I like the way you present this. Clear, Concise, Nice.
Thanks for adding the statement about PA being outside the BBs in the previous post.

I have some more questions if you don't mind.

How long have you been successfully trading 4x with this method?
Is it working best for you on 4hr and above or below 4 hr. ?
Some of your fib levels are unconventional which prompts me to ask which Fib teacher do you like?

Feel free to PM me if you wish.

#125
Aug 27, 2011 10:21pm Aug 27, 2011 10:21pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#126
Aug 28, 2011 11:08pm Aug 28, 2011 11:08pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

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#127
Aug 28, 2011 11:36pm Aug 28, 2011 11:36pm

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

Quoting Lou

Disliked

Rocky,

I like the way you present this. Clear, Concise, Nice.
Thanks for adding the statement about PA being outside the BBs in the previous post.

I have some more questions if you don't mind.

How long have you been successfully trading 4x with this method?
Is it working best for you on 4hr and above or below 4 hr. ?
Some of your fib levels are unconventional which prompts me to ask which Fib teacher do you like?

Feel free to PM me if you wish.

Ignored

Thank You Lou, I'm glad you are enjoying my charts. I actually starting trading part time years ago when QCOM was tipping $700 a share and everyone was buying ERON...Lost everything back then, my home, my car and my Dog. I was young and wanted to rule the world, and of course that didn't happen. Even though it was painful, It taught me a lot about life and who my friends really where.

Things are a little different now. I've been trading full time and making a nice living for about 4 yrs. I mainly trade or I should say do my chart studies off of my 4 hr, dailey and weekly charts, from there I like to drop down to an hourly chart for better entries. But this will also work on shorter time frames as well.

As far as the Fibs go, I really did not have a Fib Teacher, It's just something that I came up with and I'm sure there are many that do the same. As you probably know, Price reacts off of Fib extensions and retracements, Combine that with Strong Supply/Demand Zones, TL, and you will be trading right in line with the Institutions. Thanks Lou, Good Luck, Rocky.

#128
Edited 6:54am Aug 29, 2011 12:35am | Edited 6:54am

Lou
Joined Mar 2004 | Status: Senior Member | 1,633 Posts

Your dog ! too !! Wow. I would like to talk to you about how you draw your fib extensions. But in the meantime if you have the time. check out any videos or work by the FibQueen Carolyn Boroden.

I am sorry that I cannot go into it now, because of the late hour. (US Central)

Here is a quick example

Especially look at taking a high candle, then drawing the fib to a later low, (X to X in two cases on the chart) in order to get the projected next high fib levels of 127 138 and 161 . Look at the confluence around the supply zone. (Check marks.)

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#129
Aug 29, 2011 4:17am Aug 29, 2011 4:17am

jamestoh
| Joined May 2010 | Status: Trader | 9 Posts

Hi rocky,

some questions from me.

Where do you place your limit order if fib 127% falls inbetween a very thick demand or supply zone? How do you determine your stops to prevent stop hunting?

-James

#130
Aug 29, 2011 8:52am Aug 29, 2011 8:52am

rocky
Joined Mar 2008 | Status: Trader | 1,728 Posts

Quoting jamestoh

Disliked

Hi rocky,

some questions from me.

Where do you place your limit order if fib 127% falls inbetween a very thick demand or supply zone? How do you determine your stops to prevent stop hunting?

-James

Ignored

When Price enters a large Supply/Demand Zone I pin point the entry by waiting for price to fall outside the Bollinger Band, Then I'll drop down to a lower to frame to also look to see if Price is outside the BB. Also when you go down to a lower time frame you will also find a smaller Supply/Demand Zone. This is what I also call my "Higher Probability Trades". Trading a Smaller Supply/Demand Zone within a Larger Supply/Demand Zone. Hope that helps.

#131
Aug 29, 2011 9:04am Aug 29, 2011 9:04am