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Trading Made Simple

  • #19,181
  • May 14, 2013 11:03am May 14, 2013 11:03am
Quoting Fame of me
{quote} Moooorning.. in the night my trade reach my tp , niceeee morning {image}
hahah gratz on bagging the pips. shame i did not get in on it
also nice tp. price on GJ is turning back hard and is above that GJ short entry now
Daniel
  • #19,182
  • May 14, 2013 11:06am May 14, 2013 11:06am
Quoting Greenb
{quote} hahah gratz on bagging the pips. shame i did not get in on it also nice tp. price on GJ is turning back hard and is above that GJ short entry now
Thanks.

Trade what you see, and you saw a great set up.
  • #19,183
  • May 14, 2013 11:09am May 14, 2013 11:09am
I took on GJ timeframe h1 a long.

Reaction of the 127% and weekly pivot.

I was not really sure, so i was waiting and took the pullback candle
Attached Image (click to enlarge)
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  • #19,184
  • May 14, 2013 11:40am May 14, 2013 11:40am
Is getting late here 08:30 pm local time, my trade for goodby...

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyh1.png Size: 37 KB
JacekPreserve Precious Capital
  • #19,185
  • May 14, 2013 11:41am May 14, 2013 11:41am
Quoting Jackub
Is getting late here 08:30 pm local time, my trade for goodby... {image}
nice one, i need take a look on this pair
  • #19,186
  • May 14, 2013 11:58am May 14, 2013 11:58am
Hello Fame of Me,

Just curious...Where did you get the idea to watch the 127% fibo? I've never heard of that fibo level before, 62%, 79, 161%, etc., but not the 127%. Why is the 127% important? Thanks.
  • #19,187
  • May 14, 2013 12:02pm May 14, 2013 12:02pm
last trade for the day (10am)
Attached Image (click to enlarge)
Click to Enlarge Name: gj 14-5-2013.gif Size: 46 KB
Daniel
  • #19,188
  • May 14, 2013 12:03pm May 14, 2013 12:03pm
Quoting jicssbr
Hello Fame of Me, Just curious...Where did you get the idea to watch the 127% fibo? I've never heard of that fibo level before, 62%, 79, 161%, etc., but not the 127%. Why is the 127% important? Thanks.
That is one thing what i have learned from emmanuel7788, from this thread.

EDIT and its prev D fib, just go back in the thread and read. I do this really often and learn every day from the experts here in the thread.
  • #19,189
  • May 14, 2013 12:44pm May 14, 2013 12:44pm
Quoting jicssbr
Hello Fame of Me, Just curious...Where did you get the idea to watch the 127% fibo? I've never heard of that fibo level before, 62%, 79, 161%, etc., but not the 127%. Why is the 127% important? Thanks.
Hi,
There is a number of Fibonacci levels all of them are derivative from Fibonacci sequence, some of them are more other less popular ;

Basic levels are: 0.236, 0.382, 0.500, 0.618, 1.000, 1.618, 2.00, 2.168

but there are other less popular levels like: 0.146, 0.186, 0.300, 0.382, 0.447, 0.486, 0.564, 0.685, 0.786, 0.886, 1.130, 1.272, 1.460, 1.902, 2.058

this marked in red are more and more used in trading
JacekPreserve Precious Capital
  • #19,190
  • May 14, 2013 12:58pm May 14, 2013 12:58pm
Ok, thanks for the fibo info, greatly appreciated. =)
  • #19,191
  • May 14, 2013 1:30pm May 14, 2013 1:30pm
Quoting jicssbr
Hello Fame of Me, Just curious...Where did you get the idea to watch the 127% fibo? I've never heard of that fibo level before, 62%, 79, 161%, etc., but not the 127%. Why is the 127% important? Thanks.
jicssbr, Here you see two useful indicators to show the Fib Levels. But I suggest that you first read about them.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.h1.png Size: 76 KB
Attached File(s)
File Type: ex4 #Fibo Prev Day.ex4   8 KB | 320 downloads
File Type: ex4 #Fibo Prev Week.ex4   8 KB | 302 downloads
  • #19,192
  • May 14, 2013 1:34pm May 14, 2013 1:34pm
Quoting jicssbr
Ok, thanks for the fibo info, greatly appreciated. =)
And this one was posted here a few days ago, read and study.
Attached File(s)
File Type: pdf Practical-Fibonacci-for-Forex.pdf   397 KB | 805 downloads
  • #19,193
  • May 14, 2013 1:35pm May 14, 2013 1:35pm
Quoting Tok
{quote} You may have been deviating from the rules of the system or morphing to suit yourself better. Or simply, just plain luck. Either way, following the rules of a system, the same people should at least profit nearly as much as each other. This system has had too many discrepancies. It plain and simple, is not an accurate system.
Hi tok,

maybe you can post some slides of your entries. I posted my trades and everyone gave me quality advice. We can help each other out.
  • #19,194
  • May 14, 2013 1:49pm May 14, 2013 1:49pm
Quoting Jackub
{quote} I can not agree with this, this is absolutely not true, if what you say is true, everyone in the world should be a winner. Bets Regards
Hey jackub. whats your attachment called? I need to change my journal format. Had a bunch of useless criteria.

Thanks.
  • #19,195
  • May 14, 2013 2:01pm May 14, 2013 2:01pm
Any advice appreciated

Tested daily/weekly low and entered short. Breakout was not successful. Focused only on SL. Did not fail to see that it was a failure to breakout AND price reversal candle happened after.

Took another near weekly and daily high. Closed when pullback candle formed. Potential short entry but market session about to be over.
Attached Image (click to enlarge)
Click to Enlarge Name: may 14 eur.jpy.h1.png Size: 48 KB


London P/L:-20
New York P/L: 10
Daily total:-10

London P/L:535
New York P/L:-40

Aggregate Trades: 129
Aggregate P/L: 495
  • #19,196
  • May 14, 2013 2:42pm May 14, 2013 2:42pm
Ok, thanks Pipsmurfer, I appreciate the indies and pdf.
  • #19,197
  • May 14, 2013 2:45pm May 14, 2013 2:45pm
I've thought a lot about buying Vic Noble's Recurring Forex Patterns (RFP) system. In it, he covers the 127% fib level and how much he likes it, at least that's what I've heard him say on some youtube trading videos he's done. Some people are making a lot of pips with his RFP system. I know he talks a lot about the 62% and 79% fibs as well as resistance and support levels.
  • #19,198
  • May 14, 2013 3:09pm May 14, 2013 3:09pm
My advice would be to post a chart of every entry you make and let others help. Without the charts, no one can really help..

TMS works for me.


Quoting Tok
{quote} You may have been deviating from the rules of the system or morphing to suit yourself better. Or simply, just plain luck. Either way, following the rules of a system, the same people should at least profit nearly as much as each other. This system has had too many discrepancies. It plain and simple, is not an accurate system.
  • #19,199
  • May 14, 2013 3:49pm May 14, 2013 3:49pm
My 2 Trades from 14 May

One good and one not so good!
Start with the bad...

EURJPY... looking at it today it was very risky and not worth taking.
My thinking was ...taking it away from resistance but was very much against daily trend. Stopped it out earlier (-1.5%)

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 4H 14:05.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY D 14:05.png Size: 29 KB


The Good..

USDCAD 4H hour trade.. 1R TP and 2R TP reached.. good for 3% total

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 4H 14:05.png Size: 37 KB
  • #19,200
  • May 14, 2013 4:00pm May 14, 2013 4:00pm
jicssbr
Quote
I've thought a lot about buying Vic Noble's Recurring Forex Patterns (RFP) system. In it, he covers the 127% fib level and how much he likes it, at least that's what I've heard him say on some youtube trading videos he's done. Some people are making a lot of pips with his RFP system. I know he talks a lot about the 62% and 79% fibs as well as resistance and support levels.

Not sure why you would mention Vic Noble here when some generous traders just gave you a fib trading guide pdf and some good fib background. Never heard of the 127 Fib Expansion?

All we talk about here is S/R, fibs and market structure. (tap, tap) Is this thing on?

Not intended to offend, but something just doesn't sound right.

Hmmm . . .

dcginc
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