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Dynamic Fibonacci Grid - interactive trading

  • #161
  • Nov 11, 2015 3:24pm Nov 11, 2015 3:24pm
Quoting ForexScotty
{quote} Another good day. Results posted until I get greedy and blow the account. https://www.myfxbook.com/members/For...ersway/1411282

Ok, enough fun on demo - time to get serious and start the live fire exercise

https://www.myfxbook.com/members/For...l-live/1408022
  • #162
  • Nov 11, 2015 3:37pm Nov 11, 2015 3:37pm
Quoting ForexScotty
{quote} Ok, enough fun on demo - time to get serious and start the live fire exercise https://www.myfxbook.com/members/For...l-live/1408022
hi scotty

Can you share your trading rule(Entry/Exit)?
Thanks in advance
  • #163
  • Nov 11, 2015 3:49pm Nov 11, 2015 3:49pm
Quoting ForexScotty
{quote} Ok, enough fun on demo - time to get serious and start the live fire exercise https://www.myfxbook.com/members/For...l-live/1408022

GL
  • #164
  • Nov 11, 2015 4:15pm Nov 11, 2015 4:15pm
Quoting Adhipfx
{quote} hi scotty Can you share your trading rule(Entry/Exit)? Thanks in advance
Similar to the videos. I prefer to scalp the trend as I have had the best results.

I determine the trend by the diagonal direction of the boxes (L1 and L2). Head of the snake versus tail of the snake as discussed in the videos. I prefer a solid diagonal line in between the four boxes. Then when price is within the M1 box (L1, L2), I look to place a trade in the direction of the trend. Once those conditions are met, I then look at what is ahead of me in the lanes and make sure there are not any roadblocks that would keep me from at least making the 8 pips preventing the triggering the trailing stop.

I have a TP set for 25 pips, but I actually start a 4 pip trailing stop at 8 pips. The tight trailing stop has the effect of closing out reversals before they happen (in profit) and collecting a good amount of pips during solid price movement. Had very good luck with that and it gives me the ability to re-enter several time with repeatable wins as my results show. Also, I can spend my time looking for entries and let the exits take care of themselves.

Those are the general entry/exit rules. Sounds simple enough, but I will also look at MTF RSI and have a general feel of the pair so I do not buy into an overbought position which the tradelanes do not show all that well. Also, the indicators are dynamic, so you just get a feel for the conditions and know when to trade. I am by no means an expert, but I am enjoying it.
  • #165
  • Nov 11, 2015 4:59pm Nov 11, 2015 4:59pm
Quoting ForexScotty
{quote} Similar to the videos. I prefer to scalp the trend as I have had the best results. I determine the trend by the diagonal direction of the boxes (L1 and L2). Head of the snake versus tail of the snake as discussed in the videos. I prefer a solid diagonal line in between the four boxes. Then when price is within the M1 box (L1, L2), I look to place a trade in the direction of the trend. Once those conditions are met, I then look at what is ahead of me in the lanes and make sure there are not any roadblocks that would keep me from at least...
Here's an example of a USDJPY short I just took.

Attached Image
  • #166
  • Nov 11, 2015 7:35pm Nov 11, 2015 7:35pm
Quoting ForexScotty
{quote} Here's an example of a USDJPY short I just took. {image}
Hi Scotty, Welcome!
Join us daily to exchange informations.

@Topic;
I did not think it would be so abalante so the news.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD.PNG Size: 12 KB
Click to Enlarge Name: AUD 11.11.15.png Size: 24 KB
Best Regards! DaniP.
  • #167
  • Edited Nov 12, 2015 12:12am Nov 11, 2015 11:53pm | Edited Nov 12, 2015 12:12am
Quoting ForexScotty
{quote} Here's an example of a USDJPY short I just took. {image}
Thanks for your clear explanation.
hope you have a nice day ahead with lots of green pips.
Cheers
  • #168
  • Edited 8:24am Nov 12, 2015 8:13am | Edited 8:24am
Nice Trend Trade in Nzd/Usd.

22+ still in the trade.

Edit:- +35 still in the trade locked 25Pips.
  • #169
  • Nov 12, 2015 9:24am Nov 12, 2015 9:24am
Quoting KCV
Nice Trend Trade in Nzd/Usd. 22+ still in the trade. Edit:- +35 still in the trade locked 25Pips.
Good job man!
Got to Love the volatility!
Did you catch EURUSD? - 2 longs( trend ) and 3 short bounces(B to W) in a matter of 70 min..... All of them worked perfectly almost to the pip. 100% win rate! The last bounce from the top on +40
  • #170
  • Nov 12, 2015 11:08am Nov 12, 2015 11:08am
Hi Guys;

Yesterday I made one more negotiation not go unnoticed and the result was satisfactory, with almost one hour of open order I managed to close the USD/JPY long position with 8 pips positive.

@USD/JPY
Long = +22 pips
Spread = 14 pips
Total = +8 pips.

Edit: Guys, I'm going to read more, view the videos again, study more the grid, checking the daily patterns and the performance of the market price, and then start trading again, and then I'll post the results here.
Strong Hugs!
Best Regards! DaniP.
  • #171
  • Nov 12, 2015 2:56pm Nov 12, 2015 2:56pm
Quoting alphaomega
{quote} Good job man! Got to Love the volatility! Did you catch EURUSD? - 2 longs( trend ) and 3 short bounces(B to W) in a matter of 70 min..... All of them worked perfectly almost to the pip. 100% win rate! The last bounce from the top on +40
Hi AO,

I missed Eur/usd but made a killer with N/U.

Ty for all you help.
Good luck

KC.
  • #172
  • Nov 12, 2015 3:58pm Nov 12, 2015 3:58pm
What would your sidecars be for NU or AU?
  • #173
  • Nov 13, 2015 3:57pm Nov 13, 2015 3:57pm
https://www.myfxbook.com/members/For...l-live/1408022

Not a bad first week for live trading. Had to average down a few orders, but it worked!
  • #174
  • Nov 13, 2015 6:58pm Nov 13, 2015 6:58pm
I have been trading for a few years, and while I must say this is a interesting way to look at the markets, I have loaded the method and watched it on demo and read the thread and watched the video's several times....I still cant see how you can make money.
The setups never look like the videos, I see Malibu have put out a EA to tell you when to enter, I see in the other thread you have discounted creating one for your version....
I really wonder if it would not be a help, for people like me ( I am sure I am not alone in being confused ) , I guess its back to the charts.
  • #175
  • Nov 18, 2015 6:23am Nov 18, 2015 6:23am
Now, THIS is a perfect ranging market. (AUDUSD)
IF you see a market like this - don't touch it......until it breaks.
Attached Image
  • #176
  • Nov 18, 2015 6:27am Nov 18, 2015 6:27am
Quoting alphaomega
Now, THIS is a perfect ranging market. (AUDUSD) IF you see a market like this - don't touch it......until it breaks. {image}
or scalp on small tfs with tight sl until it breaks
As Above, So Below
  • #177
  • Nov 18, 2015 6:30am Nov 18, 2015 6:30am
Quoting tashkent
{quote} or scalp on small tfs with tight sl until it breaks
Yes, you can do that, IF you have the patience to wait half an hour for 3 pips ....
  • #178
  • Nov 18, 2015 12:21pm Nov 18, 2015 12:21pm
Careful trading - FOMC today
  • #179
  • Nov 24, 2015 8:55am Nov 24, 2015 8:55am
so this is my first post on ff and this is the reason i registered on ff, thanks AO
already read the whole posts on 2 threads and i must say this is very interesting
btw is this a good entry on gbpusd? what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 95 KB
  • #180
  • Nov 24, 2015 8:15pm Nov 24, 2015 8:15pm
Quoting Rizarma
so this is my first post on ff and this is the reason i registered on ff, thanks AO already read the whole posts on 2 threads and i must say this is very interesting btw is this a good entry on gbpusd? what do you think? {image}
Hi Rizarma, good entry!

Perhaps, as well analyzing the timing of the market, it would have been interesting to have sold below the cluster. (Apparently you have gaps lot of good to work on TF 1 min, however it would be risky lol.)
Best Regards! DaniP.
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