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Fibo Fan Wonderful Winning System

  • #41
  • Oct 3, 2012 12:51pm Oct 3, 2012 12:51pm
Quoting naser_mohamm
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
Hi Naser,

Just wanted to quickly reply to your post.
I see that you use the fib tool for your trade entry & exits, I see that you have booked some nice profit, congrats for that!
I have my thoughts about fibs and to help you out I would like to ask you this question:
Do you know why price can just turn at one of your levels and why it can just go pass through it at other times?
As you know the fib tool is a measurement tool, it does just give you the measurement from point A to point B but what is it that moves price and why is it that price could respect one of your levels sometimes and other times not?

Best
  • #42
  • Oct 3, 2012 2:54pm Oct 3, 2012 2:54pm
Quoting naser_mohamm
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
That's a nice looking account history. Maybe I'm misunderstanding your rules, though, cause it doesn't seem to follow them. You've said that your first trade has an entry when price retraces through 50% with a tp @ 75% and a sl @ 25%. If this trade fails you reverse the direction and double the trade size with an entry @ 25% a tp @ 0% and a sl at 50%. I've attached a chart for just USDCAD for this week and, looking only at your rules as I understand them and comparing the trades you would have taken following those rules with what bit of account history you posted, there's a few things I don't understand:

1) Why don't you have any short trades? I show 3 short entries.
2) Why don't you have any trades from October 2nd?
3) How come none of the trades hit their stop-loss? I show that two of them (.9817 & .9832) should have (and I have no idea where the .9846 trade came from, that's maybe the 0% on my chart and you haven't mentioned using that level as an entry).

Thanks for helping us understand.
Attached Image (click to enlarge)
Click to Enlarge Name: fab-usdcad 10.1-10.3.gif Size: 33 KB
It's a buy the dip scheme, ya feel me?
  • #43
  • Oct 3, 2012 3:27pm Oct 3, 2012 3:27pm
Quoting @mel
Hi Naser,

Just wanted to quickly reply to your post.
I see that you use the fib tool for your trade entry & exits, I see that you have booked some nice profit, congrats for that!
I have my thoughts about fibs and to help you out I would like to ask you this question:
Do you know why price can just turn at one of your levels and why it can just go pass through it at other times?
As you know the fib tool is a measurement tool, it does just give you the measurement from point A to point B but what is it that moves price and why is it that...
@Mel
W.D Gann said in one of his old article that price can change in time through tunnel in the air ! . Do you know what is that tunnel. No one knows other than him. As a result my thoughts and thinkings lead me to an idea to apply it for price changes. I tried it and i found it is profitable. Any swing can be divided into 4 levels . 0-25% , 25%-50, 50-75%, 75-100%. Is there any possibility for that ? . Answer is No. So i concentrated my looks at price changes between these levels and found by experiments my method. I see it profitable and i am glad to reach that level of profits. Thank ALLAH for his help and support to me in finding what others are trying to find. It is simple and FREE to everyone to try it on his charts , then I will be very happy.
  • #44
  • Oct 3, 2012 3:39pm Oct 3, 2012 3:39pm
Can you explain me pls,if double trade started to work,where you put the s/l?
  • #45
  • Oct 4, 2012 9:32am Oct 4, 2012 9:32am
Quoting xtc007
Can you explain me pls,if double trade started to work,where you put the s/l?
On the opposite next level ..
Is that clear...
any questions pl do not hesitate to ask ....
  • #46
  • Oct 4, 2012 1:27pm Oct 4, 2012 1:27pm
Hi Nasr,

thanks for youre strategy it looks really interesting to test it.
a few questions :
1.For what timeframe is this system usefull.
2. Can we add a ema for the direction ? 20 ema or something
3. In the last chart you post in the USD/CHF , you draw a trenline/fann from swing high to swing low, why do you took that low?? and not some swing lows before??

keep up the good work

regards
Dutchsignals
  • #47
  • Oct 4, 2012 5:00pm Oct 4, 2012 5:00pm
Quoting naser_mohamm
On the opposite next level ..
Is that clear...
any questions pl do not hesitate to ask ....



Are you using now 0 or 25 for stop loss? This might affect the winning %.
  • #48
  • Oct 4, 2012 5:03pm Oct 4, 2012 5:03pm
are using 1hr or 4hr? you confusing me when you post different time frames..
  • #49
  • Oct 4, 2012 8:55pm Oct 4, 2012 8:55pm
Try using this indicator to determine the highs and lows.


naser_mohamm let me know if semafor is of any help.

thx
Attached File(s)
File Type: ex4 #4X 2010 SEMA4X.ex4   12 KB | 893 downloads
  • #50
  • Oct 5, 2012 9:21am Oct 5, 2012 9:21am
I tried it last night for the first time (used semafor to help) and these are the results:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-05_1020.jpg Size: 18 KB
  • #51
  • Oct 5, 2012 10:21am Oct 5, 2012 10:21am
Quoting irampagemc
I tried it last night for the first time (used semafor to help) and these are the results:
With Timeframe H4 or H1 ?
Trade Safe !
  • #52
  • Oct 5, 2012 11:04am Oct 5, 2012 11:04am
Quoting Goodgame42
With Timeframe H4 or H1 ?

H4
  • #53
  • Oct 5, 2012 11:42am Oct 5, 2012 11:42am
Quoting irampagemc
H4
Can you post charts please ?

Thanks ;-)
Trade Safe !
  • #54
  • Oct 5, 2012 12:13pm Oct 5, 2012 12:13pm
And how do you do for the week end ?
Do you still let your trades opened or do you close all of them ?

Thanks
Trade Safe !
  • #55
  • Oct 5, 2012 3:55pm Oct 5, 2012 3:55pm
EURUSD trade: http://screencast.com/t/Ofjz6Lmpb

EURJPY trade: http://screencast.com/t/RLyvoGR93fU5


I entered both a bit late.

42 pips on EURUSD, 65 pips on EURJPY. I closed the trades once i saw that they closely approached the 75 mark.
  • #56
  • Oct 5, 2012 4:13pm Oct 5, 2012 4:13pm
Quoting irampagemc
EURUSD trade: http://screencast.com/t/Ofjz6Lmpb

EURJPY trade: http://screencast.com/t/RLyvoGR93fU5


I entered both a bit late.

42 pips on EURUSD, 65 pips on EURJPY. I closed the trades once i saw that they closely approached the 75 mark.
Good trades !
Look at this trade who was lost:

http://www.casimages.com/img.php?i=1...2554393220.png

I hadn't made an error but my trade has been lost why ? ^^
Thanks ;-)
Trade Safe !
  • #57
  • Oct 5, 2012 4:21pm Oct 5, 2012 4:21pm
Here's the GBPUSD trade on my chart: http://screencast.com/t/cPOPxZj2NK


I would have taken the trade but would exit immediately on the close of the next bar BELOW the 50 line.

Once the candle closes below the 50 i exit trade and not reenter. Earlier in this thread Naser mentioned doing this.

If you look at both the GBPUSD and EURUSD no bar closed below 50.
  • #58
  • Oct 5, 2012 4:29pm Oct 5, 2012 4:29pm
Quoting irampagemc
Here's the GBPUSD trade on my chart: http://screencast.com/t/cPOPxZj2NK


I would have taken the trade but would exit immediately on the close of the next bar BELOW the 50 line.

Once the candle closes below the 50 i exit trade and not reenter. Earlier in this thread Naser mentioned doing this. when

If you look at both the GBPUSD and EURUSD no bar closed below 50.
Thanks for reply !
So if one of the follow candles closes below the 50 I must exit the trade and no re-enter ?
Trade Safe !
  • #59
  • Oct 5, 2012 4:58pm Oct 5, 2012 4:58pm
Quoting irampagemc
Try using this indicator to determine the highs and lows.


naser_mohamm let me know if semafor is of any help.

thx
Please explain the colors on the semafor...Thank you....
  • #60
  • Oct 5, 2012 4:58pm Oct 5, 2012 4:58pm
Quoting irampagemc
Here's the GBPUSD trade on my chart: http://screencast.com/t/cPOPxZj2NK


I would have taken the trade but would exit immediately on the close of the next bar BELOW the 50 line.

Once the candle closes below the 50 i exit trade and not reenter. Earlier in this thread Naser mentioned doing this.

If you look at both the GBPUSD and EURUSD no bar closed below 50.
Selecting a shorter period swing would have been successfull.
After all we are looking for a retrace so I'd expect it more likely to get a good retrace on shorter swing. Maybe less pips.. but more wins!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 131 KB
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