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SimpleFib Trading

  • #281
  • Mar 13, 2014 3:11am Mar 13, 2014 3:11am
Quoting bonkers
{quote} NZDUSD - Nice pinbar on 4 hour. I'd short a break below that candle. {image}
bonkers, does the pinbar useful for trading? I have not use it before? How may i install it?
  • #282
  • Mar 13, 2014 3:16am Mar 13, 2014 3:16am
Quoting Care forex
{quote} bonkers, does the pinbar useful for trading? I have not use it before? How may i install it?
They're basic candlestick patterns which generally signal reversals.

You can read more here:

http://www.babypips.com/school/eleme...-patterns.html
  • #283
  • Mar 13, 2014 3:18am Mar 13, 2014 3:18am
Quoting Care forex
{quote} yeah, it up to the top so kinda worried if it continuing go up hahaha...
You're buying right into resistance. Risky business.
  • #284
  • Mar 13, 2014 3:21am Mar 13, 2014 3:21am
Quoting bonkers
{quote} They're basic candlestick patterns which generally signal reversals. You can read more here: http://www.babypips.com/school/eleme...-patterns.html
Thank you so much for your information. Will try it. Let's n see how's the market once US data released. Good luck!!
  • #285
  • Mar 13, 2014 3:22am Mar 13, 2014 3:22am
Quoting bonkers
{quote} You're buying right into resistance. Risky business.
I shorted NZD/USD since 0.8421 so...
  • #286
  • Mar 13, 2014 4:03am Mar 13, 2014 4:03am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Care forex
{quote} I shorted NZD/USD since 0.8421 so...
wow you are deep underwater now ? dont you use Stop Loss ?
  • #287
  • Mar 13, 2014 4:09am Mar 13, 2014 4:09am
Quoting Ravelt
{quote} wow you are deep underwater now ? dont you use Stop Loss ?
Didn't put stop loss. Sigh... what can i do now?
  • #288
  • Mar 13, 2014 4:19am Mar 13, 2014 4:19am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Care forex
{quote} Didn't put stop loss. Sigh... what can i do now?
This is what i will do if i make an entry. But from what i see NU Now is on Uptrend so i wont Short this Pair.

Here is my 2 cent
Attached Image (click to enlarge)
Click to Enlarge Name: NZD.jpg Size: 227 KB
  • #289
  • Mar 13, 2014 4:29am Mar 13, 2014 4:29am
Quoting Ravelt
{quote} This is what i will do if i make an entry. But from what i see NU Now is on Uptrend so i wont Short this Pair. Here is my 2 cent {image}
Agreed. Same analysis.
  • #290
  • Mar 13, 2014 4:30am Mar 13, 2014 4:30am
Quoting Ravelt
{quote} This is what i will do if i make an entry. But from what i see NU Now is on Uptrend so i wont Short this Pair. Here is my 2 cent {image}
can i ask you, if this pair drop below 0.85 line, would that consider bearish trend?
  • #291
  • Mar 13, 2014 4:46am Mar 13, 2014 4:46am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Care forex
{quote} can i ask you, if this pair drop below 0.85 line, would that consider bearish trend?
No, i would consider bearish trend if this pair make a new low.

in this case it's below 0.84375 otherwise i still consider it as a bullish trend.
  • #292
  • Mar 13, 2014 5:46am Mar 13, 2014 5:46am
EU didn't budge an inch following positive US data. I'm staying out for now.

Off to bed.
  • #293
  • Mar 13, 2014 6:15am Mar 13, 2014 6:15am
GM everyone, I see you were busy with some good trades and trade management in the am .
Hero Traders Live to see their Accounts Die!
  • #294
  • Edited 6:53am Mar 13, 2014 6:25am | Edited 6:53am
Quoting simoneg
{quote} I concur bonkers...my weekly picture looking like we will get a false break up and turn around. Especially with the current PA around 1.4000 {image}
EU broke up and reached bull targets 1 and 2 on weekly setup.
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  • #295
  • Mar 13, 2014 7:03am Mar 13, 2014 7:03am
NZDUSD also at extended bull target #2 from February 2 daily bar fib and bull target #1 achieved on swing fib from 0.8432 to 0.8051
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.jpg Size: 74 KB
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  • #296
  • Mar 13, 2014 7:08am Mar 13, 2014 7:08am
Quoting simoneg
NZDUSD also at extended bull target #2 from February 2 daily bar fib and bull target #1 achieved on swing fib from 0.8432 to 0.8051
oh no! My shirt positions still floating
  • #297
  • Mar 13, 2014 7:12am Mar 13, 2014 7:12am
Could this be pause or end of dollar whipping? Let's see...
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  • #298
  • Mar 13, 2014 7:14am Mar 13, 2014 7:14am
Quoting Care forex
{quote} oh no! My shirt positions still floating
I'm expecting price to turn somewhere off here Care forex, but always good to protect your trade with stop and limit.
Hero Traders Live to see their Accounts Die!
  • #299
  • Mar 13, 2014 7:20am Mar 13, 2014 7:20am
Quoting simoneg
{quote} I'm expecting price to turn somewhere off here Care forex, but always good to protect your trade with stop and limit.
ya this pairs i didn't put sl. No point to look back, i have to move on. So this pairs it's time to U-turn?
  • #300
  • Mar 13, 2014 7:26am Mar 13, 2014 7:26am
Quoting denozi
Nice thread, I am in + Subscribe.
i see your sig, mister denozi : everybody's new to forex all the time, there is no experts. Maybe trading retracement with fibonacci if you know the major trend of the pair for sure might turn out to be one of the most secure methods, however, theres no 100% certainty, ever, thats all i would dare to 'teach' you since im probably just a little less new than you
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