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Fibo Fan Wonderful Winning System

  • #21
  • Sep 29, 2012 5:52am Sep 29, 2012 5:52am
Hi,

Please have a look at my chart. EURUSD M30 I have drawn it following your rules.

So Now as per your method, we are suppose to enter at 1.2898 and TP 1.2928

Is this correct ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30_fibo.jpg Size: 118 KB
  • #22
  • Sep 29, 2012 12:35pm Sep 29, 2012 12:35pm
Hullas, yes that's correct if the side of your fibo is right, but the trend is downside, we can draw like on my chart, that's the reason why I ask how to determine the side !

Xarius
Attached Image (click to enlarge)
Click to Enlarge Name: fibofan.gif Size: 42 KB
  • #23
  • Sep 29, 2012 1:34pm Sep 29, 2012 1:34pm
Quoting Xarius
Hullas, yes that's correct if the side of your fibo is right, but the trend is downside, we can draw like on my chart, that's the reason why I ask how to determine the side !

Xarius
Hi Xarius
when trend is down we draw the fibo fab from the high swing to the low and waiting break of .5 to enter and collect profit at .75.
Opposiltly, we draw the fan in the rising trend from the low seing up to the high swing and waiting the break down of the .5 level to collect profit at .75 level.
Hopw i clarified your questions
And you are welcome
  • #24
  • Sep 29, 2012 1:35pm Sep 29, 2012 1:35pm
Quoting hullas
Hi,

Please have a look at my chart. EURUSD M30 I have drawn it following your rules.

So Now as per your method, we are suppose to enter at 1.2898 and TP 1.2928

Is this correct ?
Hullas
Your drawing is right, keep that and i wish you profits in every trade ...
  • #25
  • Sep 30, 2012 3:26am Sep 30, 2012 3:26am
Quoting naser_mohamm
Hullas
Your drawing is right, keep that and i wish you profits in every trade ...

Thank you will test how it goes will post.
  • #26
  • Sep 30, 2012 8:07am Sep 30, 2012 8:07am
Hi nasr,

Is there a minimum timeframe to trade with it.
do you recommend 30 minutes and higher?

Dutchsignals
  • #27
  • Sep 30, 2012 9:19am Sep 30, 2012 9:19am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting naser_mohamm
Yes Xarius but the important thing is to put the vertical line at the end of the swing, then the intersection of this line with 50 % & 75 % is the lesson.
The result is exactly the same by drawing a fibo retracement with 50/75 levels.
MT4/MT5 EAs/Indicators/Alerts coder
  • #28
  • Sep 30, 2012 12:23pm Sep 30, 2012 12:23pm
Quoting FerruFx
The result is exactly the same by drawing a fibo retracement with 50/75 levels.
Yes, you are right Ferrux. Yesterday, I noticed this result.
I will include this idea in the next charts (may be for tomorrow market) and will illustrate some chnaces...
Thank u again for your contribution, Ferrux.
  • #29
  • Sep 30, 2012 12:31pm Sep 30, 2012 12:31pm
Hi All F.F Guys.
I hope you all get rest from this bs market last week.
Now I would like to add another condition in case of the market reversal. We put another .25 & 0.0 line in both fan and fibo retracement so the 0.25 level will be our stop loss (just idea to discuss) and if the price reverses to this point (level) we reverse the trade. i mean we can put double lot once the price hits .25 level and the target will the zero level.
This idea is under discussion.
I noticed that in many cases when the price - due to market strange conditions in some times- reverses to the 0.25 level, it means that the trend was reversed and so we can put double lot trade to overcome the loss and the target will be the zero level.
Hope this modification will serve to maximize profits.....
Any discussion is highly appreciable....
  • #30
  • Sep 30, 2012 12:36pm Sep 30, 2012 12:36pm
As an example about what i just described, please refer to the attached picture. It is self explanatory of the case just i described...
Any comments are appreciated....
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 27 KB
  • #31
  • Sep 30, 2012 12:45pm Sep 30, 2012 12:45pm
Here is another example ti illustrate this modification. For tomorrow, I will put 2 orders:
1- in the direction of the up movement (normal direction) as per 4H trend : buy cable @ 1.6191 and take profit @ 1.6232
2- I the reverse direction (crazy market ) : sell @ 1.6151 and take profit @ 1.6111 (But this order should not executed unless the price hits first the 0.5 level (execution level) and then reverses to the 0.25 level accidently !!
Hope the example is clear to all of you....
Any comments...
Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 20 KB
  • #32
  • Sep 30, 2012 12:56pm Sep 30, 2012 12:56pm
Hi,
I think between fibret and fibfan hv difference function.
I use fibfan as a nice tool for measuring angle polarity of price distribution for following week.. and its work well for me.. as long as u know how to use it and how to put in your chart correctly.
here are the example for EU and UCAD. mostly u will know where and when the 'turning point' happened..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: capture-20121001-004748 EU M15 weekly fibfan.png Size: 353 KB
Click to Enlarge Name: capture-20121001-004557 UCAD M15 weekly fibfan.jpg Size: 146 KB
  • #33
  • Sep 30, 2012 1:53pm Sep 30, 2012 1:53pm
Quoting Kiads
Hi,
I think between fibret and fibfan hv difference function.
I use fibfan as a nice tool for measuring angle polarity of price distribution for following week.. and its work well for me.. as long as u know how to use it and how to put in your chart correctly.
here are the example for EU and UCAD. mostly u will know where and when the 'turning point' happened..
Wonderful fans Kiads
But what about the 2 vertical lines, from where they come from ?? fibo time series expansion ?!
Could you clarify more ..
Thanks
  • #34
  • Sep 30, 2012 1:55pm Sep 30, 2012 1:55pm
I think angles are very important and there should be some relationship to price and time with some degree of correlation. I am trying in the next phase to study this idea after confirming the winning final criteria from this method....
Ceo
  • #35
  • Sep 30, 2012 6:12pm Sep 30, 2012 6:12pm
Quoting naser_mohamm
Wonderful fans Kiads
But what about the 2 vertical lines, from where they come from ?? fibo time series expansion ?!
Could you clarify more ..
Thanks
Hi Brother,
once again sorry for my bad english, coz it is not my native language..
about the vertical lines.. it's only cycle line tools, that I use for marking GMT 0 candle for beginning of the day, because my broker server time is GMT 3, so i must create my own period separator for GMT 0.
The dotted vertical line marking the day, and the solid one marking the week.
I marking high/low of previous Friday (the blue box) as a base for projecting the polarity angle of price distribution for the whole following week (Monday to next Friday) use the fibo fan with incremental .0125 level from 1 to -1 (100% to -100%).
In my point of view, the 'big guys' at London will 'see' the chart base on GMT 0. and for their 'intraday' movement, they will 'see' last Friday as a base for further movement in the following week, and according to my own 'experience' the way i put this 'weekly' fibo fan worked well for me..
hope its help
best regard
  • #36
  • Oct 1, 2012 8:47am Oct 1, 2012 8:47am
Perfect & accurate results
Nice 65 pips from two pairs only...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
Click to Enlarge Name: 2.gif Size: 16 KB
  • #37
  • Oct 1, 2012 11:59pm Oct 1, 2012 11:59pm
Hi,
this is my weekly fibfan
so far not bad.. mostly price respect the fan angle..
the vertical lines is fibo time zone which modified with fibo ratio to 'mark' zone where price occasionally 'turn' everyday.
hope it help
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-01 EU M30 weekly fibfan.jpg Size: 183 KB
  • #38
  • Oct 2, 2012 1:18am Oct 2, 2012 1:18am
Quoting naser_mohamm
As an example about what i just described, please refer to the attached picture. It is self explanatory of the case just i described...
Any comments are appreciated....
http://www.forexfactory.com/attachme...2&d=1349026573
It shows that you enter twice ?

First Long trade when price crosses 50 of fib-fan ?
(StopLoss where ? )

Second Long trade when price crosses normal Fib tool at 50 ?
(StopLoss at 25 of normal Fib tool )

Is that correct ?
  • #39
  • Oct 3, 2012 12:17pm Oct 3, 2012 12:17pm
Quoting fxtr51
http://www.forexfactory.com/attachme...2&d=1349026573
It shows that you enter twice ?

First Long trade when price crosses 50 of fib-fan ?
(StopLoss where ? )

Second Long trade when price crosses normal Fib tool at 50 ?
(StopLoss at 25 of normal Fib tool )

Is that correct ?
when the trend is down open buy at cross of 50 and tp at 75 (sl is at 25)
when trend is up open short at cross of 50 and tp at 75 (sl at 25)
when sl is hit put double lot at it with tp at next level.
Hope this is clear
any questions
  • #40
  • Oct 3, 2012 12:22pm Oct 3, 2012 12:22pm
Dear All traders
This method proven to be very hard and profitable even price reverses after hitting entry point (through making opposite double lot ). My profit this week (from 26/9/2012 to 3-10-2012) is 50 % increased
Can anybody challenge me in proving otherwise ??!!.
Anyhow, attached picture is the proof .....
I hope all of you to stop hesitating in other loosing methods and to follow this simple and profitable strategy from myself as an Arabic Trader...
Any interactions and any questions are applicable for today....
Joke only
Attached Image (click to enlarge)
Click to Enlarge Name: 50% profit in 1 week.png Size: 70 KB
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