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Dynamic Fibonacci Grid - interactive trading

  • #1
  • First Post: Oct 13, 2015 10:20am Oct 13, 2015 10:20am
This is the place to post trade ideas and talk about anything related to trading with Dynamic Fibonacci Grid.

To download the software, or If you just wonder what is "Dynamic Fibonacci Grid" - you can check my other thread. http://www.forexfactory.com/showthread.php?t=558372
  • #2
  • Oct 14, 2015 8:00am Oct 14, 2015 8:00am
Nice Trend Trade.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_10_14_15.png Size: 24 KB
  • #3
  • Oct 14, 2015 11:35am Oct 14, 2015 11:35am
Cable was excellent example for trend trade today. We had at least 3 good entry signals today with 5m entry points, And even now, after europe is closed, cable still trying to push higher. Also in NZD USD we had a few good long signals.
In total, In these 2 pairs we had at least 10 buy signals and 100% hit rate today.
Unfortunately I was away from my desk today......but still I was able to catch quick 11 pips in cable in the end of the session.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD up Trend.png Size: 64 KB
  • #4
  • Oct 14, 2015 12:22pm Oct 14, 2015 12:22pm
I tried only 1 short position with the grid on usdchf today, 5 pips stop and ended up with +5 profit. I'm still studying setups and try to spot them on grid. I think I saw a H1 bounce trade developing (don't remember where maybe eurgbp) but then I had to go and don't know how it ended.
Attached Image

Was that a legit entry on m1 boxes + 2 column fibo? Tight stop beyond entry boxes and fibo confluence is OK or too tight and risky? In the video setups they rarely talk about stop you see only winners..
Is there a way to tell from the grid if a level has already been tested recently or if price is making new high/lows without watching the charts?
  • #5
  • Oct 14, 2015 12:55pm Oct 14, 2015 12:55pm
Quoting Ainur
I tried only 1 short position with the grid on usdchf today, 5 pips stop and ended up with +5 profit. I'm still studying setups and try to spot them on grid. I think I saw a H1 bounce trade developing (don't remember where maybe eurgbp) but then I had to go and don't know how it ended. {image} Was that a legit entry on m1 boxes + 2 column fibo? Tight stop beyond entry boxes and fibo confluence is OK or too tight and risky? In the video setups they rarely talk about stop you see only winners.. Is there a way to tell from the grid if a level has already...
Yes the USDCHF setup on your screenshot looks Ok. Keep in mind that in trend trades, the 1m entry is the riskiest. So it is good that you use tight stop. Because once the price breaks the 1m L2 , there is no point to hold the trade. Keep the loses small! You can always re enter again at better price. In this case if it goes up, you have valid 5 min entry.
During trends, 5 min entries in general are "safer" but you don't get them very often.
About stops..... for the top 10 major pairs, your max Stop loss should be no more than 15 pips. regardless of the setup. I personally use 15 pips initial hard stop, and about 6-10 pips soft(mental) stop. I try to keep my average losing trade as small as possible. (currently it's about 7 pips.)
  • #6
  • Oct 14, 2015 1:15pm Oct 14, 2015 1:15pm
Hi Alpha,

Great setup again on Eur/Usd like yours and went in for a +20.

KC.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDproWeekly.png Size: 26 KB
  • #7
  • Oct 14, 2015 1:23pm Oct 14, 2015 1:23pm
We might get one more buy on Nzd/Usd...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDproWeekly.png Size: 23 KB
  • #8
  • Oct 14, 2015 1:52pm Oct 14, 2015 1:52pm
same on EUR right now (same for usdjpy usdcad nzdu and others):
Attached Image

But I wonder is it ok to scalp at heavy overbought from m1 box?
If you look at chart is buyng and selling very high or very low (euru, usdjpy, ucad...)
How can we tell from the grid where we are in price? Only from fibo blue shade? because from grid we only see that we are in dark blue on H1
  • #9
  • Oct 14, 2015 1:58pm Oct 14, 2015 1:58pm
this is extreme risky scalp selling the lowest low at support (but i couldn't tell without watching chart) . I enter only because of grid signal for learning, let's see if give few pips.
Attached Image

Edit: stopped -4 pips didn't hold
  • #10
  • Edited 2:22pm Oct 14, 2015 2:08pm | Edited 2:22pm
Same on Eur I expect stopped out.
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Edit: bailed out at BE +0
Edit 2: It would have worked out very well.
  • #11
  • Oct 14, 2015 2:08pm Oct 14, 2015 2:08pm
People are selling USD across the board on the rumours that FED will hold the low rates until april 2016. If this turns out to be true on next FOMC - there is going to be a lot of stop runs especially in USDJPY and USDCAD.
So hold on, and fasten your seat belts - risk and volatility is back! It's going to be fun the next few months......
  • #12
  • Oct 14, 2015 5:17pm Oct 14, 2015 5:17pm
On Nzd/Usd again for the 4th time today.

Going for a 10-20 Pips.

Took the similar kind with Nzd/Jpy so far +11.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_10_14_15(3).png Size: 25 KB
  • #13
  • Oct 14, 2015 5:44pm Oct 14, 2015 5:44pm
Quoting alphaomega
Cable was excellent example for trend trade today. We had at least 3 good entry signals today with 5m entry points, And even now, after europe is closed, cable still trying to push higher. Also in NZD USD we had a few good long signals. In total, In these 2 pairs we had at least 10 buy signals and 100% hit rate today. Unfortunately I was away from my desk today......but still I was able to catch quick 11 pips in cable in the end of the session. {image}

Hi Alpha,

From your posting.. I think I got the idea of entering a trade.

I have few questions.

If it goes against you, where will be your stop.

What kind of exit strategy you have for this trade.

Thanks.
KC.
  • #14
  • Oct 14, 2015 7:17pm Oct 14, 2015 7:17pm
Quoting KCV
{quote} Hi Alpha, From your posting.. I think I got the idea of entering a trade. I have few questions. If it goes against you, where will be your stop. What kind of exit strategy you have for this trade. Thanks. KC.
I'm flat now! I don't have positions currently. This idea was only for the current day. Even if I have some longer term bias, in terms of actual trading, I look at each day as separate event. Each new day = clean slate, new opportunities......
In terms of cable (and euro), it still looks like it wants to go more up than down. NZD also looks strong. So when london opens, I'm looking more for long signals, at least until we get strong reversal signal.
For stops, as I already said, my maximum stop in any trade is 15 pips , regardless of the trade setup.
  • #15
  • Oct 14, 2015 7:38pm Oct 14, 2015 7:38pm
Quoting alphaomega
{quote} I'm flat now! I don't have positions currently. This idea was only for the current day. Even if I have some longer term bias, in terms of actual trading, I look at each day as separate event. Each new day = clean slate, new opportunities...... In terms of cable (and euro), it still looks like it wants to go more up than down. NZD also looks strong. So when london opens, I'm looking more for long signals, at least until we get strong reversal signal. For stops, as I already said, my maximum stop in any trade is 15 pips , regardless of the...
Thank you so much Alpha.

Did a killer with Nzd/Usd and Nzd/Jpy.
  • #16
  • Oct 14, 2015 7:48pm Oct 14, 2015 7:48pm
Quoting KCV
{quote} Thank you so much Alpha. Did a killer with Nzd/Usd and Nzd/Jpy.
Good job on the NZD pairs!
  • #17
  • Oct 15, 2015 2:14am Oct 15, 2015 2:14am
Is this legit blue to white long setup on 3 columns fibo?
Attached Image

Edit: stopped -9
  • #18
  • Oct 15, 2015 3:53am Oct 15, 2015 3:53am
possible short bounce trade on H1 box? Alphaomega what do you think?

Attached Image
  • #19
  • Oct 15, 2015 9:39am Oct 15, 2015 9:39am
Quoting KCV
Nice Trend Trade. {image}
Hi KCV, nice, you seem to be getting the hang of it - would you be able to mention the logic behind your entries alongside the screenshot, that way we can all learn the tricks? Thanks man.
  • #20
  • Oct 15, 2015 10:33am Oct 15, 2015 10:33am
Lots of good volatility today. Somehow I missed the morning reversal in euro and cable.....
I made 17 trades , finished the day +15 pips. Not too bad.....
Someone asked for examples....
We had some very good long "bounce" and "blue to white" trades after the CPI news....... also later in GBPJPY we had PERFECT short bounce, but I was too focused on the price and forgot to make a screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: Counter Trend (bounce).png Size: 62 KB
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