Simple Fibonacci Trading | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

I need an EA for my simple "Mother Candle Fibonacci System" 63 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

Gp's simple daily fibonacci-based system 120 replies

Simple Fibonacci with candlesticks... 2 replies

Attachments: Simple Fibonacci Trading
Exit Attachments

Simple Fibonacci Trading

  • #841
  • May 4, 2012 1:49am May 4, 2012 1:49am
Although its not London Open yet, I took a trade. .

Price has been holding on above Intra High for couple of hrs. good sign.
I'll prob enter another position, smaller, once price closes above Day Long Fib...

Aiming for T2. Might test that Trend line again (Green Chopped Line)

Yeah. . .
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 64 KB
  • #842
  • May 4, 2012 1:54am May 4, 2012 1:54am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting cluster
Although its not London Open yet, I took a trade. .

Price has been holding on above Intra High for couple of hrs. good sign.
I'll prob enter another position, smaller, once price closes above Day Long Fib...

Aiming for T2. Might test that Trend line again (Green Chopped Line)

Yeah. . .
Don't forget NFP in few hours ... The price might go nowhere until then.
MT4/MT5 EAs/Indicators/Alerts coder
  • #843
  • May 4, 2012 2:03am May 4, 2012 2:03am
True. . But I don't pay attention to Forecasts. .Not worth the time, and trouble. Just the way i Do things. I have Rules, I follow my rules. the rest, out of sight out of mind. . .

My stops protect me.. This week I've made good pips. (Past Charts). .If I loose this trade, then so be it. . I followed my Rules. and I move on to the next one. .

Quoting FerruFx
Don't forget NFP in few hours ... The price might go nowhere until then.
  • #844
  • May 7, 2012 11:01pm May 7, 2012 11:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 62 KB
  • #845
  • May 9, 2012 2:02am May 9, 2012 2:02am
Nothin for tonight. .
  • #846
  • May 10, 2012 1:14am May 10, 2012 1:14am
Possible Trade but, I would be cautious. . I might open a SMALL position. .
chart is 1hr time frame. . and day chart. .

1hr TF - - Price has been below Day Short Fib for quite some time. . Im gonna wait till price closes below Intra short Fib. .

Day Chart - - Price has been below Monthly Short Fib for long time... and price is headed towards Weekly T-1 and T-2.. might be trying to reach that strong Uptrend (Dashed Green) just next to the Monthly Low Fib. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 56 KB
Click to Enlarge Name: day eu.gif Size: 64 KB
  • #847
  • May 10, 2012 1:22am May 10, 2012 1:22am
Interestingly, AUD has already played out, what the EU/US is trying to do. . .

Almost Identical, Day Chart - - Price Reached Monthly Short Fib with Weekly T-1 and T-2 Hit also with a strong Uptrend Hit (Dashed Green). .
Attached Image (click to enlarge)
Click to Enlarge Name: day aud.gif Size: 64 KB
  • #848
  • May 11, 2012 12:20am May 11, 2012 12:20am
Possible Trade Tonight. . Got Three Charts.. One Of the Charts contradicting the other. . .

1hr - - Price Below Day Short Fib, and Closed below Intra Short. . Targeting Day T-1 . . Just Took a small Position while typing thins. .

4hr - - Price has tried to close twice before below the Weekly Long Fib and Day Short Fib but failed. waiting for 3rd attempt. . . Targeting Weekly Pivot, which is also Day T-1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd h4.gif Size: 60 KB
Click to Enlarge Name: gbpusd intra.gif Size: 67 KB
  • #849
  • May 11, 2012 12:21am May 11, 2012 12:21am
However Weekly Chart is kinda tellin me its headed North for another test of that Trend line (Dashed Green). .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd w1.gif Size: 67 KB
  • #850
  • May 11, 2012 1:04am May 11, 2012 1:04am
So Far So Good. . . . I Like it , I Like it , I Like it . . . . A lot. .

Once Price hits Intra Low I'll move my Stop to break even . . Target is still at D T-1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1h.gif Size: 64 KB
  • #851
  • May 11, 2012 1:32am May 11, 2012 1:32am
Just hit my stop. . Oh well . . It was fun. . . . . as always. . . NEXT!!!!


Quoting cluster
So Far So Good. . . . I Like it , I Like it , I Like it . . . . A lot. .

Once Price hits Intra Low I'll move my Stop to break even . . Target is still at D T-1
  • #852
  • May 14, 2012 2:14am May 14, 2012 2:14am
Got 4 Charts on CAD. . all showing the same Direction. . looks promising. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad m.gif Size: 62 KB
Click to Enlarge Name: cad h4.gif Size: 66 KB
  • #853
  • May 14, 2012 2:16am May 14, 2012 2:16am
Gonna Wait till 1H chart candle closes.. Hopefully I don't fall asleep. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad d.gif Size: 64 KB
Click to Enlarge Name: cad h1.gif Size: 67 KB
  • #854
  • May 17, 2012 12:44am May 17, 2012 12:44am
I see No trade on any of my charts today, and most likely for this week. . All charts have hit their Targets (T-1 and T-2). CAD has Played out Very Nicely as I posted (post #852) H4 Chart. . although hasn't touched T-2 yet, but I wouldn't place a trade. .

Here's the Updated . . And No I didn't take a trade. I fell asleep, AGAIN!. . Sucks. . Oh well, like I always Say. NEXT!!. .
Attached Image (click to enlarge)
Click to Enlarge Name: cad h1.gif Size: 64 KB
  • #855
  • May 17, 2012 1:52am May 17, 2012 1:52am
I'm glad someone is still finding this thread useful. I've been concentrating on other things for a while. So many system ideas and not enough time to test them all!
  • #856
  • May 22, 2012 12:45am May 22, 2012 12:45am


Quoting Hugh Briss
I'm glad someone is still finding this thread useful. I've been concentrating on other things for a while. So many system ideas and not enough time to test them all!
  • #857
  • May 22, 2012 1:00am May 22, 2012 1:00am
Tonight I only see one trade that has Potential . . GBP . .
Got 3 Charts all showing same direction. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp w.gif Size: 67 KB
Click to Enlarge Name: gbp d.gif Size: 65 KB
  • #858
  • May 22, 2012 1:03am May 22, 2012 1:03am
I will enter after candle close below 1.5775 . stop at 1.5905 just above Day Short Fib. . . hopefully my eyes stay awake. . .
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 4.gif Size: 59 KB
  • #859
  • May 23, 2012 12:28am May 23, 2012 12:28am
Well, I waited for long time yesterday to see a close below 1.577- . .
Now I Got to wait even longer (hopefully not) to see IF Targets hit (D T-1 & D T-2), I doubt, I can stay awake tonight.. already my left eye is tellin my right eye "hey, sleep, got to sleep" . . I'll see what happens tomorrow. .
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 4.gif Size: 59 KB
  • #860
  • May 24, 2012 1:00am May 24, 2012 1:00am
So far So good. . I've moved my stop to 1.57666, just in case it turns back, I want to get out with at least 20 pips. . Target is at 1.55000 which W T-2 & D T-2 Fibs are at the same spot. . Post # 857 Day chart. .. Once Price hits W T-1 I'll move my stop lower to lock in about 50 pips. . I have a feeling Weekly Target 2 (W T-2) will be hit on Friday. Thats Pacific time for me. . but I always get surprised. . . I see no other Trades for this week. . Peace Out. .
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 4.gif Size: 58 KB
1 trader viewing now