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Attachments: I only want 90pips today!
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I only want 90pips today!

  • Linked: Nubeez's Fibbo System | Brokerage Account XXXX00
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  • #1
  • First Post: Edited Nov 9, 2013 3:46am Mar 23, 2012 3:28pm | Edited Nov 9, 2013 3:46am
MY MANTRA

  1. I will plan the trade and trade the plan.
  2. I will take 90pips and no more no matter where price goes.
  3. I will log my trades and review my trades weekly.
  4. I will rest one day per trading week.
  5. I will only trade my lowest risk and most consistent strategies.
  6. I will only trade the 4 hour chart.
  7. I will grow my little one with patience and discipline.


TOOLS

  1. MS Excel
  2. VT Trader
  3. MT4

Consistency = Steady growth = Solid equity
  • #2
  • Mar 23, 2012 3:43pm Mar 23, 2012 3:43pm
Quoting NuBeez
MY MANTRA

 


  2. I will plan the trade and trade the plan.
  3. I will take 90pips and no more no matter where price goes.
  4. I will log my trades and review my trades weekly.
  5. I will rest one day per trading week.
  6. I will only trade my lowest risk and most consistent strategies.
  7. I will only trade the 4 hour chart.
  8. I will grow my little one with patience and discipline.

TOOLS

 

  1. MS Excel
  2. The4xJournal
  3. VT Trader


Alrighty then !

TSD
  • #3
  • Mar 23, 2012 3:48pm Mar 23, 2012 3:48pm
Quoting TraderinSD
Alrighty then !

TSD
Thank you TSD!
Consistency = Steady growth = Solid equity
  • #4
  • Mar 23, 2012 3:51pm Mar 23, 2012 3:51pm
Hi NuBeez
Can you briefly describe your technique. I have followed some of your most recent posts on another thread and found them thought provoking. I will be quietly following. At my age, I'm too old to learn to post charts.
Also I like the fact you're in Canada, seems so many of the better treads are from the London area (trading time frame). I don't like to get up that early.
Good Luck
gmcc
  • #5
  • Mar 23, 2012 4:02pm Mar 23, 2012 4:02pm
Quoting gmcc
Hi NuBeez
Can you briefly describe your technique. I have followed some of your most recent posts on another thread and found them thought provoking. I will be quietly following. At my age, I'm too old to learn to post charts.
Also I like the fact you're in Canada, seems so many of the better treads are from the London area (trading time frame). I don't like to get up that early.
Good Luck
gmcc
Hi gmcc,

I didn't really want to start a "show strategy thread", it tends to be stressful and distracting, though I plan on explaining my trades. I however use two core strategies, one involving Fibonacci and the other a particular rhythm on candlestick patterns and swings which help to identify best entries/exits.
I will post a trade a took today with the FIB strategy which is pretty simple.
Thought provoking!?! I find this funny. I am not however from or in Canada just did a random shuffle there. I don't like the early rise either, so I mainly trade the US Session.
Consistency = Steady growth = Solid equity
  • #6
  • Edited Mar 24, 2012 1:40pm Mar 23, 2012 4:33pm | Edited Mar 24, 2012 1:40pm
I bought the AU @ 1.0388 (entry was a wee bit late but still good)
My platform was down so I used this substitute platform to pic the setup

The key fib levels here are the 25%, 50% & 75%
When the market is trending downwards and a buy bar/pattern appears, fib from the previous SWING high to the low of the bar or lowest low. What we are looking for is a SLOWING of selling commitment. This usually happens when bars begin to close above the 25% level. The level is tested, then if it holds, gives a buy toward the 75% level, and beyond that, to 100%, 150%, 175%, 200%.

Last Swing high: 1.0482
Low of Buy Bar: 1.0332
Buy interest level: 1.0369

http://img268.imageshack.us/img268/5121/33241043.jpg
Consistency = Steady growth = Solid equity
  • #7
  • Mar 23, 2012 10:10pm Mar 23, 2012 10:10pm
Quoting NuBeez
I bought the AU @ 1.0388 (entry was a wee bit late but still good)
My platform was down so I used this substitute platform to pic the setup

The key fib levels here are the 25%, 50% & 75%
When the market is trending downwards and a buy bar/pattern appears, fib from the previous high to the low of the bar or lowest low. What we are looking for is a SLOWING of selling commitment. This usually happens when bars begin to close above the 25% level. The level is tested, then if it holds, gives a buy toward the 75% level, and beyond that, to 100%, 150%,...
NuBeez
Your trade confirms with my system.
Although mine is based on 4hr TF Notice TDI green crossing the RED?
What time frame are you trading?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 14 KB
In trading, you have to be defensive and aggressive at the same time
  • #8
  • Mar 24, 2012 1:24pm Mar 24, 2012 1:24pm
Quoting Davit
NuBeez
Your trade confirms with my system.
Although mine is based on 4hr TF Notice TDI green crossing the RED?
What time frame are you trading?
Hi Davit,

I trade 4Hour charts as well. I see what you mean about receiving a similar trade entry. Only that I don't trade with indicators.
Consistency = Steady growth = Solid equity
  • #9
  • Mar 24, 2012 1:51pm Mar 24, 2012 1:51pm
Here is another one taken on the EU this week.

http://img705.imageshack.us/img705/5653/euh4.jpg

Both the bigger and smaller swings confirmed the buy zone on this trade.
Consistency = Steady growth = Solid equity
  • #10
  • Mar 24, 2012 2:16pm Mar 24, 2012 2:16pm
Here goes another EU trade from last week.

http://img829.imageshack.us/img829/2536/euagain.jpg
Consistency = Steady growth = Solid equity
  • #11
  • Mar 24, 2012 2:47pm Mar 24, 2012 2:47pm
Two great back to back trades on GU.

March 22 2012

http://img138.imageshack.us/img138/3770/gbp1.jpg

http://img37.imageshack.us/img37/6725/gu3ez.jpg
Consistency = Steady growth = Solid equity
  • #12
  • Edited 3:52pm Mar 24, 2012 3:42pm | Edited 3:52pm
Buying control retained...EU trade 19 March 2012

http://img828.imageshack.us/img828/7291/eulast.jpg
Consistency = Steady growth = Solid equity
  • #13
  • Mar 24, 2012 6:21pm Mar 24, 2012 6:21pm
Buy setup on GU?

http://img259.imageshack.us/img259/169/gufakey1.jpg

Next bar tells the truth...

http://img18.imageshack.us/img18/7613/gufakey2.jpg
Consistency = Steady growth = Solid equity
  • #14
  • Mar 25, 2012 10:32am Mar 25, 2012 10:32am
Hi NuBeez
Your charts are very well done, however I wish you could pin point the actual entry candle and entry value more clearly. I maybe totally missing it. I think I understand how you're trading but I'm unclear as to how you determine when an area has been adequately tested for entry.
I'm always intrigued with how other traders select their exact entries & exits.
Thanks for your hard work here
gmcc
  • #15
  • Mar 25, 2012 10:49am Mar 25, 2012 10:49am
Quoting gmcc
Hi NuBeez
Your charts are very well done, however I wish you could pin point the actual entry candle and entry value more clearly. I maybe totally missing it. I think I understand how you're trading but I'm unclear as to how you determine when an area has been adequately tested for entry.
I'm always intrigued with how other traders select their exact entries & exits.
Thanks for your hard work here
gmcc
Hi gmcc,

I will try to see if I can sum it up in my next post.
Consistency = Steady growth = Solid equity
  • #16
  • Mar 25, 2012 11:20am Mar 25, 2012 11:20am
Bullish Swings (A swing high followed by selling ended by a Bullish Bar/Pattern

  1. Above 25% implies -> Selling diminishing implies -> Buying Interest
  2. Approach: Wait for sellers to test level and fail.
  3. Entry: Long on close of failed test bar or on the retrace of the bar following test bar
  4. 75% level: Above this is where buyers have greatest control on a bullish swing


Bearish Swings (A swing low followed by buying ended by a Bearish Bar/Pattern

  1. Below 25% implies -> Buying diminishing implies -> Selling Interest
  2. Approach: Wait for buyers to test level and fail.
  3. Entry: Short on close of failed test bar or on the retrace of bar following test bar
  4. 75% level: Below this is where sellers have greatest control on a bearish swing


Placing Stops:

  1. Stops should be place 10 pips below/above the 0% for 25% entries
  2. Stops should be placed 10 pips below/above the 50% for 75% entries.
  3. If the swing is large and will result in large stops violating MM rules, use hard stop e.g. 45 pips


Taking Profits:

  1. The most reliable take profit level is the 150%
  2. You may also use a fixed pip approach where you take no more than 50 or 100pips per setup, for example. For the purposes of this thread, I am using a fixed take profit of 90pips.


Exception

  1. Fake-outs require immediate entry i.e. after close of fake-out bar.

Consistency = Steady growth = Solid equity
  • #17
  • Mar 25, 2012 1:49pm Mar 25, 2012 1:49pm
Hi NuBeez

Count me in, I also like clean chart & fed up with indicators. please clear my doubt for Fib setting value in % on chart.
  • #18
  • Mar 25, 2012 1:59pm Mar 25, 2012 1:59pm
Quoting dev_19_81
Hi NuBeez

Count me in, I also like clean chart & fed up with indicators. please clear my doubt for Fib setting value in % on chart.
Hi dev,

The settings are as follows:

0,25,50,75,100,150,175,200
Consistency = Steady growth = Solid equity
  • #19
  • Mar 25, 2012 2:25pm Mar 25, 2012 2:25pm
Short GU @ 1.5877


http://img848.imageshack.us/img848/3343/gub41.jpg

The above level was actually tested three times. Good for short entry.
Consistency = Steady growth = Solid equity
  • #20
  • Mar 25, 2012 2:36pm Mar 25, 2012 2:36pm
[quote=NuBeez;5510021]Short GU @ 1.5877


http://img848.imageshack.us/img848/3343/gub41.jpg

The above level was actually tested three times. Good for short entry.[/QUOT

Great work NuBeez

I have started working on my chart. I have added this along with my supply demand levels. This Fib set up makes trade very clear. Hope i could catch it like you. Thanks a lot
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