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Simple Fibonacci Trading

  • #621
  • Apr 18, 2012 3:30pm Apr 18, 2012 3:30pm
I took a smaler TF swing and added to my daily EAUD trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eaud.gif Size: 26 KB
  • #622
  • Apr 18, 2012 4:22pm Apr 18, 2012 4:22pm
I've made 70 pips today trading EURUSD, GBPUSD, USDCHF, AUDUSD and NZDUSD. I took only one trade per pair with profit level at 0,0%. All trades were on 5 min TF. I guess lower Tf's are also ok.
  • #623
  • Apr 19, 2012 12:19am Apr 19, 2012 12:19am
Quoting marijan993
I've made 70 pips today trading EURUSD, GBPUSD, USDCHF, AUDUSD and NZDUSD. I took only one trade per pair with profit level at 0,0%. All trades were on 5 min TF. I guess lower Tf's are also ok.
Well done, see if you can do the same today!
  • #624
  • Apr 19, 2012 3:50am Apr 19, 2012 3:50am
Update charts for EURJPY trades
60min hit tp 1 and 2
Now in on daily
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY 60min 2.png Size: 53 KB
Click to Enlarge Name: EURJPY DAILY 2.png Size: 47 KB
  • #625
  • Apr 19, 2012 10:05am Apr 19, 2012 10:05am
hi hugh, what kind of market do you think we are experiencing? ranging or trending? seems pretty hard to trade, or maybe i still lack experience
  • #626
  • Apr 19, 2012 10:07am Apr 19, 2012 10:07am
Well, today I haven't done so well... total minus 8 pips :/ But, I've been thinking of something else. I think correlation can help us improve our trading. We know that highly correlated pairs move in same direction. We also know that they move at different speed: faster pair will move faster, reverse faster and will do all this in greater amount of pips. Now, if we could determine which pair is faster, if we could somehow calculate the momentum of both pairs and than compare it,then we could without fear trade the slower pair in direction of faster one, since we know the correlation factor. If faster pair reverses, then the slower one will do the same. This is just a simple idea, any thoughts on this?

Thanks
  • #627
  • Apr 19, 2012 10:09am Apr 19, 2012 10:09am
Quoting kor
hi hugh, what kind of market do you think we are experiencing? ranging or trending? seems pretty hard to trade, or maybe i still lack experience
All eur pairs very choppy on the 4 hour at the moment. Maybe they are smoother on lower timeframes but not very easy to trade at the moment. When things are trending it becomes a lot easier to trade.
  • #628
  • Apr 19, 2012 10:17am Apr 19, 2012 10:17am
Imo i find a small divergence on eur/usd m5. After that perhaps we can extend to the 1,618. We shall se
  • #629
  • Apr 19, 2012 10:33am Apr 19, 2012 10:33am
theres no news today, so far the market dry on the smale time fraim.
Iam just A pips on the rode :nerd:
  • #630
  • Apr 19, 2012 12:56pm Apr 19, 2012 12:56pm
EAUD smaller TF ad and bigger TF still working.
Attached Image (click to enlarge)
Click to Enlarge Name: eaud.gif Size: 29 KB
  • #631
  • Apr 19, 2012 1:34pm Apr 19, 2012 1:34pm
Pending order on CAD
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 22 KB
  • #632
  • Apr 19, 2012 1:50pm Apr 19, 2012 1:50pm
Quoting turboguru
EJ and AJ active
EJ set to BE cause of the accelerated losses in the DOW and S&P.
AJ in the red at the moment.
  • #633
  • Apr 19, 2012 1:52pm Apr 19, 2012 1:52pm
Think if more traders showed live trades and setups this thread would get a little more active. Just a thought
  • #634
  • Apr 19, 2012 3:06pm Apr 19, 2012 3:06pm
EJ hoping it will get to 23 if so will take tp1 thr.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 25 KB
  • #635
  • Apr 20, 2012 5:27am Apr 20, 2012 5:27am
EAUD and EJ going good.
CAD fixing to trigger short.
AJ still negative by just a few pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eau.gif Size: 26 KB
Click to Enlarge Name: ej.gif Size: 25 KB
  • #636
  • Apr 20, 2012 6:52am Apr 20, 2012 6:52am
Quoting turboguru
EAUD and EJ going good.
CAD fixing to trigger short.
AJ still negative by just a few pips.
Seem good, Turboguru. What are your results so far? How many wining trades have you had?
Thanks
  • #637
  • Apr 20, 2012 6:54am Apr 20, 2012 6:54am
Quoting turboguru
Think if more traders showed live trades and setups this thread would get a little more active. Just a thought
Sorry, been busy for a while but I will get back to posting trades next week. It seems that a lot of traders are finding success trading this way, it's a good way to trade. I have lost only a handful of trades since I started. Eurusd was one of them the other day.
  • #638
  • Apr 20, 2012 7:37am Apr 20, 2012 7:37am
Quoting Hugh Briss
Sorry, been busy for a while but I will get back to posting trades next week. It seems that a lot of traders are finding success trading this way, it's a good way to trade. I have lost only a handful of trades since I started. Eurusd was one of them the other day.
Well I have always like trading fibs just when I get home from work or was asleep things would have happened the EA is the bomb as far as being able to set things up so its a huge help.
  • #639
  • Apr 20, 2012 8:05am Apr 20, 2012 8:05am
Quoting marijan993
Seem good, Turboguru. What are your results so far? How many wining trades have you had?
Thanks
since I have had the EA on the March 26th I have only lost 4 trades.
Here is the statment. Had trouble loading it so hope it opens.
Attached File(s)
File Type: zip fib ea.zip   5 KB | 745 downloads
  • #640
  • Apr 20, 2012 10:24am Apr 20, 2012 10:24am
Quoting turboguru
since I have had the EA on the March 26th I have only lost 4 trades.
Here is the statment. Had trouble loading it so hope it opens.
What a great statement
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