DislikedOghix, I'd like to try your MACD indicator. Would you mind posting it, or where I can find it? If so, thanks.Ignored
- #1,922
- May 20, 2015 1:41pm May 20, 2015 1:41pm
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} Mixed emotions, I don't know if I shouldor
you have a choice..
nescentia necat
- #1,924
- Edited 4:27pm May 20, 2015 3:21pm | Edited 4:27pm
{quote} I am intrigued by your version of the Fib Extension, I have not seen it before, could you give us a brief synopsis of it, e.g Philosophy behind it, what the various Targets are based on. Much appreciated And thanks for posting, I was wondering who was moving the Asian session and I can see it is all down to you.
I've never had an original thought in my life.
Years ago I spent a lot of time on the " Bobokus" thread. Then on the " Simple and consistent fibbing method" by Simone Guy. Both worth a good study. They're still here on FF somewhere in the dusty old department of past threads.
Check out page 14 of the attached PDF for an understanding of the Fib extension levels. I like using this Fib extension method.
Here's the you tube video on how to set up the fib levels.
Inserted Video
Only ever drawn from Hi to Lo no matter which direction the market is going.
I use it only on the most recent pullback to give me an idea of where my current trade will move to. Gives me conservative targets that I'm confidant of hitting. I use this in conjunction with the FantailVMA (a variety of variable moving averages) [You can find a copy of that and lots of detail about it on my "Rainbow Magic with CRB charts" journal.] The Fantail helps me determine the direction of the trend and I just trade the pullbacks that appear when I have time to trade.
Since moving away from constant range bar charts and on to Renko charts I feel like I have a laser sight on my trades. Only 1 losing trade this month (and that was because I didn't wear my aluminum foil helmet and the gnomes in Zurich could read my thoughts) or maybe I just got it plain old wrong Hmmmm.....
Blessings to all.
Bat
Just trade the pullback you idiot!
- #1,926
- Edited 1:48am May 21, 2015 12:39am | Edited 1:48am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
I'm accumulating pips whit some short positions, but i fell like an nursling idiot into the bears trap. buy stop triggered whit a vlatility excursion and then down. wrong position, wrong order distance, really a f***in rookie mistake.
edit
I could keep it open
nescentia necat
- #1,927
- May 21, 2015 1:49am May 21, 2015 1:49am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
4H rsi14
nescentia necat
- #1,928
- May 21, 2015 4:47am May 21, 2015 4:47am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #1,929
- May 21, 2015 5:05am May 21, 2015 5:05am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} Blessings to all.
For those of you who do not know how to find them here are the links, they are both worth reading thru because what most traders here on FF seem to be unable to do is identify where price is most likely to go, every one can identify an entry in one way or another but then the rather crucial part of making a healthy profit eludes them, typical blokes really, great chat up lines lasting hours, preparing for the entry, but then, the anti climax the event is over in a few minutes with one or both parties wondering what just happened!!
Obviously these links will not help your personal lives but they will help your trading.
Bobokus. Fibonacci Trading with Bobokus @ Forex Factory
Simoneg. Simple & Consistent Fibbing Method @ Forex Factory
Cut your Losers short and let your Winners run.
- #1,930
- May 21, 2015 7:25am May 21, 2015 7:25am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Following on from my previous post. Here is an Indy for the Bobokus Fibo method. Should look like this.
Cut your Losers short and let your Winners run.
- #1,932
- Edited 10:08am May 21, 2015 8:55am | Edited 10:08am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #1,933
- May 21, 2015 12:57pm May 21, 2015 12:57pm
Following on from my previous post. Here is an Indy for the Bobokus Fibo method. Should look like this. {file} {image}
Thanks
Energy, frequency and vibration.
- #1,934
- Edited 7:13am May 22, 2015 5:56am | Edited 7:13am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
news and channel down break
+41 +35 +25 +5 ongoing
edit:
at first I wanted to close all on 161.8 fib exp.
then the price broke firmly pushing down for the BRN,
so I opened a new position for a few extra pips
closed last 4 pos on 1.1000
renko 10p
renko 30p
+41 +35 +25 +5 ongoing
edit:
at first I wanted to close all on 161.8 fib exp.
then the price broke firmly pushing down for the BRN,
so I opened a new position for a few extra pips
closed last 4 pos on 1.1000
renko 10p
renko 30p
nescentia necat
- #1,935
- May 22, 2015 9:30am May 22, 2015 9:30am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
news and channel down break +41 +35 +25 +5 ongoing edit: at first I wanted to close all on 161.8 fib exp. then the price broke firmly pushing down for the BRN, so I opened a new position for a few extra pips closed last 4 pos on 1.1000 {image}
really well done, nice to see someone else getting the Fillet Steak while I have to make do with the Chump Chop.
must be those pretty charts that gave you the edge.
I can offer you one of these for your next visit to the bank
Cut your Losers short and let your Winners run.
- #1,936
- May 22, 2015 10:19am May 22, 2015 10:19am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} I see you're using M2 data. Mind telling the renko size? Thanks
Cut your Losers short and let your Winners run.
- #1,937
- May 22, 2015 10:37am May 22, 2015 10:37am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #1,938
- Edited May 23, 2015 3:31am May 22, 2015 12:39pm | Edited May 23, 2015 3:31am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} No wonder I did not get any pips, you took them all. people think that there are an unlimited amount of pips available in forex but the reality is it is just like a Buffet, last one in gets nothing. really well done, nice to see someone else getting the Fillet Steak while I have to make do with the Chump Chop.
thanks! much appreciated! but it is not my case unfortunately... however I can still use it when I do not find a parking space for my car...
I think it's one of the best pip counter day in my two three years 'career' in forex (in the market I should say) but these days are one in a million.
You have been fundamental in this, and continues to be, with your teachings so again thank you for being here to direct us. I think it is not obvius.
while I try to assimilate your concept of the total amount of pips in the market,
I close the last position +100, hoping for a greater incentive from Yellen but I can feel more than satisfied and I will not hold open positions during the w.e. ...
even if that LH LL on 30p whets the appetite.
I expanded the size of renko because I wanted to have a wider vision of the evolution of the price, and also because I realized that with 5p size i commit too many errors of judgment yet, so I prefer to seek more extensive movements. But this led me to lower the entry size according to MM basic rules.
and the result (in money, in the end this is what counts, no getting around it) is
comparable to a minimum basic daily result of a good trader with an adequate (full) size.
so, I wonder what is the best way to achieve the goals we set us.
nescentia necat
- #1,939
- May 22, 2015 1:38pm May 22, 2015 1:38pm
I've just found BobokusFiboFixed indicator and then I did some more fixing to make it by default more like BobokusFibo but with a stylish touch that suit my liking. 
:: everything is awesome ::