4hrs FIB Trading

i would like to learn more about fib trading. i would love to share my knowledge about fib trading strategy. And i would love to learn from other people. Please share what you have as im going to share all i got about fib + market swings with you . Thank you and happy trading.


Disclamer: i has tried my best to provide the most reliable information and trading knowledge about my trading strategy.Im not providing any signal service or advices on enter or exit the market. Enter or exit the market based on my analysis is at your own risk.

Peace !!!

Eur/usd im thinking euro is going to retrace this last down swing move. i have a little long trigger from 1hrs chart and right now it at be + 10 pips. im going to hold for target at 61.8.

This is 3 trade i open last friday and sunday nite. EUR short, long gpbaud, short audcad. they are all done with good job.

plan for gbp and chf. Lets wait wait wait for a good retracement

I want to know how u draw fibs?

i mean on different time frames fibs will be different,so which time frame u look at,and from where to where u draw fibs?

latest swing or the biggest swing on the chart?

i drawed from last swing. 4hrs timeframe swing. trigger at 1hr chart if the market move in my favor 40 pips positive = stop loss. i break even and lets it run until its reach a support fib level or market structures support ( or resistance). Do you like Dow theory ?

Its not gbp/chf. its is gbp/usd and usd/chf.

Attachment This is gbp/chf.Its a mess right now.

Fibs can be a really great tool in the 4hr timeframe very usefull for confirming SR areas as well as seeing the structure of the market. Requires some serious patience though. I like to use extensions as well for targeting.

Well said.

watching 4hrs eur/cad.

Euro,chf, and Gbp/usd. Damn it i was asleep. Does it gonna come back before 4 really run down.

put in a limit order short on GBP at 1.5860, picked up overnight. Was appr. the 3/8 retrace by my fib positions, should I take profit now or wait till it hits 1.55, it could take another run at 59 but I doubt it. Waiting and boredom is sometimes the hardest part of this game.

i should take a half then lets another half at be +1 pips. i always take half at 100 pips then another half be anyway. good luck

WEEK 1 test done with 254 pips in profit.
i been running this Dynamic trader software with Metatrader 4 datafeed from MbTRADING and i love it but i even love it more with eSignal datafeed.
Will see you all next week.

No, nothing will make you trade better, until you fix the guy inside you. " If you are a loser nobody or trading software will turn you into a profit trader".
Tell you the truth it take me 3 years to finish my B.S in electrical engineering but it took me more than 4 years with 12 hrs/day to become a profit trader. maybe im slow at this or bla bla bla but in the end im really happy i have another occupation on top of engineering. I love trading and happy to be a member because i see my future is so bright after i graduate from this trading school ( i think i did it).
i tell you now, i have many softwareS go thru my computer, you name it i have it but none of them give me money because i dont understand the phrase.
" YOU WILL NEVER BECOME BREAK EVEN OR PROFIT TRADER UNTIL YOU CONQUERED YOURSELF".

i like the esignal data because the esignal GTIS composite spot forex datafeed, it has quotes streaming in from 200+ banks, but i can choose from just 1 datafeed from MB trading.......... feed to the software if i like.

Lol another out at B/E 3 of them this week. it will be a fun week next week im seeing 4 sets up at least right now.

I think this video is a MUST WATCH for every trader. its help to know why a particular currency goes up or down because ........ you fill in the blank after watch this. I myself do a lot research about the Intermarket analysis and Macroeconomics topic. Intermarket analysis is a really interesting subject to learn.

http://www.fxstreet.com/webinars/ses...2-ad1962f94ffa


Thanks to Mr George Hallmey

eur/cad
first short: -40
second time: +1
third time short @3920 stop 40 pips target 210 pips.