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(binned per thread starter’s request) Fibo zones - the relation b

  • #41
  • Apr 1, 2013 6:12am Apr 1, 2013 6:12am
Quoting captain73
I don't know this trading system is success or not, if backtest are real, then it is magical. One thing i don't understand is how you can use this system live for 3 months if you still don't have the full understanding of the signals. i guess we need to choose third signal manually as shown in the pic. {image}
I find it hard to see how and when price would open at zone 1 or 6. This would be a huge rarity and therefore I think the interpretation may well be different.

Is it possible that it is NOT open price BUT ma100 opening in zone 1 or 6. This is quite likely, also bear in mind that the spreadsheet comment is talking about checking ma100 and fibo zones.

Pardy
  • #42
  • Apr 1, 2013 7:21am Apr 1, 2013 7:21am
I've found something....leave me just a few minutes
  • #43
  • Apr 1, 2013 7:52am Apr 1, 2013 7:52am
ok I'm ready.
So the following should make sense, please let me know:
- 1 scenario: we have concurrent yellow, red and green..this is the strongest signal, no mind of sma100
- 2 scenario: we have concurrent yellow and red....this is a strong signal anyway, so no mind of sma100
-3 scenario: we have yellow opposite to red or vice versa....as we need at least 2 concurrent signals we have to check which direction is showing the green one and where is sma100...if prices are above sma100 we have to choose yellow, so if yellow and green are concurrent the signal is validated....if prices are below sma100 we have to choose red and if red and green are concurrent the signal is validated to....if in those cases green is not concurrent with yellow/red related to sma100 the signal is not validated.
Now about fibozones: let's take for example the signal on EURUSD for today (see image next post) ...on red sheet we have a row with calculations for today and beside we have today zones row...as you can see the open at 23:00 pm gmt was at 1,2809 that is in zone 5, then we have 1,2830 that is in zone 6 and prices were below sma100....so the signal was red and was sell and green was sell too...said that I took a short at the day opening (1.2809) with stop some pips above 1,2830 that was the extreme...target was 1,2782 (hit while I was sleeping).Prices made a low at 1,2771 so everything was quite good.
To end, the concept should be that we look at fibozones calculation of green to see if the open is near extremes or not...if yes we can enter at the open, if not it's up to us but we can expect a retracement to the extreme before prices will take the right direction.
I think all this should be logic.
  • #44
  • Apr 1, 2013 7:54am Apr 1, 2013 7:54am
see black circled zone
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.JPG Size: 202 KB
  • #45
  • Apr 1, 2013 8:15am Apr 1, 2013 8:15am
As you see zone calculation of green is not the same of main fibozone area
  • #46
  • Apr 1, 2013 9:05am Apr 1, 2013 9:05am
I am not understanding what you are saying .

What is the green zone you are talking about?

Can you please explain cleary how gbp calc signal is generated?How its putting in excel buy or sell?

we need to know how this things are calculated before using this excel for trading.

Or this gbp calc at all derived from the excel or there is any other tool which calculate its value?
  • #47
  • Apr 1, 2013 9:20am Apr 1, 2013 9:20am
Quoting bedayan
I am not understanding what you are saying . What is the green zone you are talking about? Can you please explain cleary how gbp calc signal is generated?How its putting in excel buy or sell? we need to know how this things are calculated before using this excel for trading.
please see post 44, I circled the fibozones calc, I guess they relate to green signal calculation, as they are different from fibozones that you see on the upperside.
Unfortunately I don't know how gbpcalc is made, it's not a work of mine this indi, the way I use it is just my intuition.
The only thing I know is that the main concept is based on pivots calculation and fibo sup/res, the more they are closed the more they are strong...from this base you can calculate probabilities...the other thing I see is that yellow and red signals are calculated on HLC of yesterday and before yesterday, meanwhile fibozones for gbc calc. are based on HL before yesterday and the close of yesterday
  • #48
  • Apr 1, 2013 9:20am Apr 1, 2013 9:20am
Quoting strongtrader
Another detail I do not understand, it's not my language {image}
That Indonesian Language..

meaning if Yellow "TD sama (not same)" with Red...
  • #49
  • Apr 1, 2013 9:55am Apr 1, 2013 9:55am
Hi,

This would have been great strategy if we know how gbp calc has been derived. Without that according to the rule we simply needs to wait for both yellow or red to turned and give same buy or sell signal.

Otherthings are own assumption and you can trade it.But not sure in long run how its going to work out.We can not risk money based on our own assumption.

Regards,
Bedayan.
  • #50
  • Apr 1, 2013 10:10am Apr 1, 2013 10:10am
Quoting strongtrader
As you see zone calculation of green is not the same of main fibozone area
It seems that this is a combined calculation for 2 days, getting different zones per the spreadsheet, finally last days close is placed in these new fibo zones. Then we look for open price and take decision accordingly.
Well spotted.

Also, it os on the red fibo sheet where it says - Final Recommendation Today.

I presume that whatever the calculations, we go by the result of the red fibo, then if yellow also agrees, the signal is stronger!

Pardy
  • #51
  • Apr 1, 2013 10:33am Apr 1, 2013 10:33am
Quoting Kiads
That Indonesian Language.. meaning if Yellow "TD sama (not same)" with Red...
Thks, this should confirm my previous post 43
  • #52
  • Apr 1, 2013 10:49am Apr 1, 2013 10:49am
Quoting strongtrader
Thks, this should confirm my previous post 43
Well it's not that simple, gbp calc has an important function when yellow and red do not match.
The explanation in post 43 is the most nearest to the indications provided in calc sheet and it has a logic.
Anyway the challenge is still open so every opinion about is welcome
  • #53
  • Apr 1, 2013 10:51am Apr 1, 2013 10:51am
sorry, I quoted the wrong post...my previous post was the answer to post 50 from Pardy
  • #54
  • Apr 1, 2013 9:53pm Apr 1, 2013 9:53pm
Hi strongtrader,

I made an entry today using the SMA trend following technique and have compared it with the fib calc excel. from the excel, I got 2 opposing signal and my entry is matching the yellow fibo signal which is BUY. I'll try to monitor if the target profit as specified in the excel is true.

btw, I was able to remove the sheet's password so I could study the formula.
Attached Image (click to enlarge)
Click to Enlarge Name: fiboCalc-test.PNG Size: 111 KB
  • #55
  • Apr 1, 2013 11:00pm Apr 1, 2013 11:00pm
Hi,

If you find some formulae how gbp calc has been calculated let us know.

Can you send us the unprotected sheet where you can view the formulaes.
  • #56
  • Apr 1, 2013 11:25pm Apr 1, 2013 11:25pm
Hi bedayan!

I think the gbp calc is the fibo calc excel file with gbpusd as its data.

here is the no-password excel file.
Attached File(s)
File Type: xls FiboHenryZone Calculator Sign.xls   148 KB | 1,693 downloads
  • #57
  • Apr 2, 2013 12:43am Apr 2, 2013 12:43am
Dear Rstranger,
Can you explain more for me which factors make you choose to buy or sell EU? because i do not understand well when you said: IF OPEN AT ZONE.1 TAKE BUY, 1. IF OPEN AT ZONE.6 TAKE SELL? Can i have some examples for clear understanding
Many thanks
  • #58
  • Apr 2, 2013 1:02am Apr 2, 2013 1:02am
Quoting chrjtm
Dear Rstranger, Can you explain more for me which factors make you choose to buy or sell EU? because i do not understand well when you said: IF OPEN AT ZONE.1 TAKE BUY, 1. IF OPEN AT ZONE.6 TAKE SELL? Can i have some examples for clear understanding Many thanks
I did not use the fib calc excel as my basis for entry. my entry was already triggered before I checked it from the calc excel file. I myself is confused with the rules. But I somehow noticed that the values in the excel file is a bit close to the values generated by the Pivots D4 indicator.
  • #59
  • Apr 2, 2013 1:11am Apr 2, 2013 1:11am
Quoting rstranger
Hi bedayan! I think the gbp calc is the fibo calc excel file with gbpusd as its data. here is the no-password excel file. {file}
Hi,

Thanks for sharing the file.If fibonacci calc in red sheet is the gbp calc(same has been mentioned by strong trader) then can you please explain with an example from back test data which is given in excel file how gbp calc derive from.

you can go back to chart and back test with april data and let me know how gbp cal is derived from fibonacci calc? Please check atleast 6 to 7 back test from april before come to coclusion.You can check march back test data also.

Regards,
Bedayan.
  • #60
  • Apr 2, 2013 1:19am Apr 2, 2013 1:19am
Quoting bedayan
Hi, Thanks for sharing the file.If fibonacci calc in red sheet is the gbp calc(same has been mentioned by strong trader) then can you please explain with an example from back test data which is given in excel file how gbp calc derive from. you can go back to chart and back test with april data and let me know how gbp cal is derived from fibonacci calc? Please check atleast 6 to 7 back test from april before come to coclusion.You can check march back test data also. Regards, Bedayan.

sorry, I wont be able to do the backtest. maybe we could wait for strongtrader to enlighten us more on this technique
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