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SimpleFib Trading

  • #221
  • Mar 12, 2014 12:10am Mar 12, 2014 12:10am
Took short postion on EU. targeting first target.
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  • #222
  • Mar 12, 2014 12:25am Mar 12, 2014 12:25am
Quoting simoneg
{quote} Hi mr-trader, I'm Simone. I dont know that you can create a template for fibs, but you can change the fibonacci settings. I will edit post #1 here to reflect those settings.
Hi simone, i wanted to pick up some skills on fib, may i ask for some advise from you? At the same time, i saw that u r currently holdung NZD/USD as well. In fact, i short on this pairs too. "Rate hikes" is coming on tomorrow, how you think of it? Seems their bank will rise up their interests...
  • #223
  • Mar 12, 2014 2:51am Mar 12, 2014 2:51am
Great thread! Looking forward to participating.

Only issue that i'm having is making sure to draw fib levels appropriately. Sometimes the levels that I draw differ from some of the charts posted here.

How do you determine where to draw the levels? Or is it preference?
  • #224
  • Mar 12, 2014 6:04am Mar 12, 2014 6:04am
ahh.. my short limit order did not clicked on GU; otherwise could be good trade as it hit first target.
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  • #225
  • Mar 12, 2014 6:15am Mar 12, 2014 6:15am
Long at NZDUSD
target: 0.85500 SL: 0.8424
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  • #226
  • Mar 12, 2014 7:28am Mar 12, 2014 7:28am
Quoting Care forex
{quote} Hi simone, i wanted to pick up some skills on fib, may i ask for some advise from you? At the same time, i saw that u r currently holdung NZD/USD as well. In fact, i short on this pairs too. "Rate hikes" is coming on tomorrow, how you think of it? Seems their bank will rise up their interests...
Hi Care forex, not a prob. I took all profits on my trades yesterday, so I am currently out of the market. I gather that today there may be some strong pullback or reversal, so I would protect my positions. In terms of interpreting the effect of fundies I score 0 though.
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  • #227
  • Mar 12, 2014 7:32am Mar 12, 2014 7:32am
Quoting bonkers
Great thread! Looking forward to participating. Only issue that i'm having is making sure to draw fib levels appropriately. Sometimes the levels that I draw differ from some of the charts posted here. How do you determine where to draw the levels? Or is it preference?
Hi bonkers,

The main areas of focus, when fibbing are major swings, daily high low, intra week and intra month.
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  • #228
  • Mar 12, 2014 7:33am Mar 12, 2014 7:33am
Nice trades 786!
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  • #229
  • Edited 9:40am Mar 12, 2014 9:06am | Edited 9:40am
GJ nicely completed shorting at extended bear target #1 (on last posted chart) and finding support there. H4 showing rejection and possible long setup at minor swing short/support. Daily close key for better picture. H4 minor swing (171.46 to 170.16)
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  • #230
  • Mar 12, 2014 10:55am Mar 12, 2014 10:55am
NJ @ critical juncture...
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  • #231
  • Mar 12, 2014 11:11am Mar 12, 2014 11:11am
ahh.. i was waiting for the price to come to 0.8725 with short limit order but just missed few pips.
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  • #232
  • Mar 12, 2014 11:12am Mar 12, 2014 11:12am
You are on a roll I see 786!
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  • #233
  • Mar 12, 2014 11:13am Mar 12, 2014 11:13am
Quoting 786 trading
Took short postion on EU. targeting first target. {image}
Not understanding what EURUSD wants to do.. seems some political game... anyway SL hit.
  • #234
  • Mar 12, 2014 11:14am Mar 12, 2014 11:14am
Quoting simoneg
You are on a roll I see 786!
Thanks for your kind help and guidance.
  • #235
  • Mar 12, 2014 11:17am Mar 12, 2014 11:17am
Quoting 786 trading
{quote} Thanks for your kind help and guidance.
Welcome!
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  • #236
  • Mar 12, 2014 12:13pm Mar 12, 2014 12:13pm
Quoting 786 trading
ahh.. i was waiting for the price to come to 0.8725 with short limit order but just missed few pips. {image}
NZDJPY = Order clicked on 87.20.
NZDUSD = SL move to .8478
  • #237
  • Mar 12, 2014 12:17pm Mar 12, 2014 12:17pm
Quoting 786 trading
ahh.. i was waiting for the price to come to 0.8725 with short limit order but just missed few pips. {image}
Hi Simone,
Where should be the Stop loss for this trade? Put SL to 0.8787 ... is it too far?
  • #238
  • Edited 1:06pm Mar 12, 2014 12:47pm | Edited 1:06pm
EU finally made a nice move to the upside and is currently sitting at multi-year highs. Strong chance of reversal.
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  • #239
  • Mar 12, 2014 1:04pm Mar 12, 2014 1:04pm
Quoting 786 trading
Long at NZDUSD target: 0.85500 SL: 0.8424 {image}
Closed +22 pips.
  • #240
  • Mar 12, 2014 1:08pm Mar 12, 2014 1:08pm
Quoting 786 trading
{quote} Hi Simone, Where should be the Stop loss for this trade? Put SL to 0.8787 ... is it too far?
Sorry about that 786! busy as a bee today. This price is for which pair?
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