Phantom5000

Pictures to follow:

My PHANTOM5000 SYSTEM

Using only the FIBONACCI Indicator

TF's M5, M15, M30, H1
(The numbers will all be the same I recommend M15 or M30. Easier to see prices)

*Directions:
You will need Customize your MT4 FIBO a little.
See Levels needed below:

Steps:
*Decide what session you want to use:
(Australia,European,London,NYC,NYC-Mid, or Tokyo)
(I recommend NYC & London Sessions for best results)

*Draw any FIBO on chart.

*Open FIBO Properties and change parameters by applying yesterdays HIGH/LOW of the Session you chose to use

*Place 50% FIBO line on upcoming Session Open
(Example: London's OPEN 2:00AM CST / 10:00am My Broker MT4)

*Place X2 buy lots & X2 sell lots

*USE FIBO TEMPLATE & SET PENDING ORDER STOPS, STOPLOSSES, & TAKE PROFITS

*FIBO Template:
Depending on which way you had drawn your FIBO

100.0 TP#2
76.4 TP#1
61.8 BUY STOP
55.9 SELL STOPLOSS
50.0 SESSION OPEN
44.1 BUY STOPLOSS
38.2 SELL STOP
23.6 TP#1
0.0 TP#2
-------------------------------
0.0 TP#2
23.6 TP#1
38.2 BUY STOP
44.1 SELL STOPLOSS
50.0 SESSION OPEN
55.9 BUY STOPLOSS
61.8 SELL STOP
76.4 TP#1
100.0 TP#2

*Sit back and watch target #1 hit

*Close 1st lot

*Set 2nd lot to break even in case target #2 isn't reached

*That easy. Enjoy making so many pips you will need a wheel barrow
to carry them. :-)

NOTE: You can see how well my system works by checking previous days doing same method.

+18.3 pips



+11.8 pips



+22.1 PIPS



+12.0 PIPS



+13.0 PIPS

Hope you enjoy my method.
This is done on a live account.
I closed near TP1 as you can see above to show my method works fine.
Normally I would close 50% of order and break even or hit TP2 with the rest.
I done this so I would have photos to post live.
Above is 77 PIPS in under 2 hours.
Happy Pipping

New York Session

+16.8 PIPS

+190 PIPS in under two hours tonight.

Gonna need my wheelbarrow to carry all these pips to the bank.




Gonna take a nap and get ready for the New York Session in 3.5 hours

ALL PAIRS HIT AND PASSED PROFIT TARGET #2

OKAY, todays trades are in. Wish me luck.

Hi,
Looks very nice but I wunder which fibonacci indicator you use?
And how do you put the fibonacci on 50% fibo on the day open?
I feel stupid and need help.... Sorry
Good luck today !

Same FIBO that comes with your MT4. Just add levels.
To get price of that level just add =(%$) after the number in the description column.

Example: FIBO 50% & 61.8% line. Open FIBO properties and add as follows:

Level | Description
0.5 | 50.0=(%$) OPEN
0.618 | 61.8=(%$) PO

Nice New York Session set of pips this morning.

OOOOPS! Correction to post #41

http://www.forexfactory.com/showthre...68#post8272768

My PHANTOM5000 SYSTEM

Correction is as follows:

"*Open FIBO Properties and change parameters by applying yesterday's HIGH/LOW of the Session you chose to use."

Should say:

"*Open FIBO Properties and change parameters by applying yesterday's FIRST 11 HOURS HIGH/LOW of the Session you chose to use."

Looks like we might be in for some BIG PIPS.
Keeping my fingers and toes crossed.


GBPUSD H1

USDCHF H1

PA is looking real good.

Looks interesting. So its like a straddle of the market open really using the fibo levels for entry. Would require some testing to see if its consistent I guess.

Never really worked with the fibo before....and well I have to say its a bitch to deal with....ha ha. Think I have it now. Add the levels in the properties. Change the times and high low prices in the parameters tab.

Thanks for the ideas. Keep posting please.

Keep in mind even though it is a Fibonacci, it is not used in the normal way with my style.


I have been using it for the last 4.5 years and it has been consistent for me.
I do trade a lot of Price Action too.

Hope it will help others fill their Christmas wallets early too.



Consistent:
My last 7 days that i could fit on a photo of NEW YORK OPEN on GBPAUD H1
This doesn't show my 2nd lot of +pips. As you know I open two pending order buy & sell stops at a time.
One order will hit TP1 the other will either BE, hit TP2, or Trail-StopLoss somewhere in between.
I am hoping their is someone clever enough to make me an Expert Advisor to make the tedious work of placing pending orders per pair
Note: I did better on the LONDON OPEN on GBPAUD H1 the last 7 days
This was just one pair on one session with one of two trades I placed.
I focus on the following currencies and Sessions: GBPAUD,EURAUD,EURUSD,GBPUSD : LONDON, NEW YORK

Hi! Very interesting strategy. Unfortunately its not clear to me how do you implement the Fibonachi levels on the chart. If the 0% level is placed on the low and the 100% level on the high (both of 11 hours session range), the 50% level isn´t placed on daily open. With other words, the daily open don´t lays often on the 50% level between the first 11 hours high/low. So, what refs do you use?

Now let us see if the Bank Holidays interfere with our trades today.

London Session Charts:

Look at last day (London) session.
Draw your FIBO high/low from the opening to the 11th hour.
Place your cursor on the center square of your FIBO. (50% line)
Now, Drag your fibo to today's Market open (London) placing the 50% line there.
Too easy

Now I understand. Yes, that´s easy! Thanks for your support!

@ Phantom5000

Thanks Phantom for this interesting point of view.

Do you reverse your Position if you get stopped out?
How can you Show figures on your fibo indi?

http://www.forexfactory.com/showthre...40#post8279140

So far I have been stopped out on buy GBPAUD. I have re-entered the GBPAUD Buystop for the second time. The market is not correlating cause of the holidays. Very wipsaw like. GBPAUD is moving Opposite EURAUD & EURUSD.

A lot of the time I will hit my take profit both on buystops and then it reverses to sell stop take priofit