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Simple Fibonacci Trading

  • #1,021
  • Mar 14, 2016 3:29pm Mar 14, 2016 3:29pm
EURJPY Chart update,

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  • #1,022
  • Mar 14, 2016 3:43pm Mar 14, 2016 3:43pm
AUDUSD trade idea.

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  • #1,023
  • Mar 14, 2016 3:48pm Mar 14, 2016 3:48pm
I closed all GBPAUD longs.

Currently having EURJPY long and USDJPY long open.

Looking to enter AUDUSD longs.
  • #1,024
  • Mar 14, 2016 4:00pm Mar 14, 2016 4:00pm
Added Long AUDUSD.

Stop 14 pips below last low. (-35 pips)
Target 0.7655 (+140 pips)

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  • #1,025
  • Mar 14, 2016 9:36pm Mar 14, 2016 9:36pm
Hi AtillaFx
Not sure about your 1 min EJ above where you ask why did you take it.
Here is my take on that pair though I don't trade it (I stick to one pair only i.e. Aud/Jpy)
See how nicely the Quartile picks the target distance from the range at the top.
See how my entry would have been much earlier than yours with a target of the 25% quartile.
Then I got a short signal which would have made me exit.
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  • #1,026
  • Mar 15, 2016 10:05am Mar 15, 2016 10:05am
Quoting Nala66
Hi AtillaFx Not sure about your 1 min EJ above where you ask why did you take it. Here is my take on that pair though I don't trade it (I stick to one pair only i.e. Aud/Jpy) See how nicely the Quartile picks the target distance from the range at the top. See how my entry would have been much earlier than yours with a target of the 25% quartile. Then I got a short signal which would have made me exit. {image}
Yeh, well it looked good to me.
Stopped out on all trades.
Lucky me I closed the GBPAUD long trade yesterday.

Waiting now for price to develop.
  • #1,027
  • Mar 15, 2016 10:11am Mar 15, 2016 10:11am
I don't understand what triggers your trade entries
  • #1,028
  • Mar 25, 2016 1:04am Mar 25, 2016 1:04am
Quoting Ren1058
expecting a bounce but gold's had a hell of a run up and may be due a rest on a higher TF. if we recover 1260 I may look for longs on the 5 targeting 1297 ext 1.27 {image}
what is SH AND SL ? CAN YOU PLEASE EXPLAIN
Success is a Journey Not a Destination....... kind regards ramzam
  • #1,029
  • Mar 25, 2016 7:44am Mar 25, 2016 7:44am
hi fibo experts....
i have one indicator for mt5. thats like zigzag with fibonacci static and dynamic...
i am attaching with pic and that mq5 indicator also... ... but i want this in mq4 for work in mt4...
any one please help me...
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Attached File(s)
File Type: mq5 zigzag_nk_fibo.mq5   19 KB | 521 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #1,030
  • Apr 14, 2016 12:01am Apr 14, 2016 12:01am
oh no one is there sad
Success is a Journey Not a Destination....... kind regards ramzam
  • #1,031
  • Dec 15, 2016 7:14am Dec 15, 2016 7:14am
Quoting kalawe
{quote} http://www.forexfactory.com/showthread.php?t=349103
yes
Member
  • #1,032
  • May 10, 2017 1:42pm May 10, 2017 1:42pm
Quoting selym_co
Hi Hugh...as i see you are just trying to improve or re-alive Bobokus Fibonacci usage..I have used that method for a very long time with really profitable results.But i think u shud share Bobokus' ebook with the thread followers to make them understand the mentality better...It is one of the money-making methods on the forex market...but it has weak sides too !! - Bobokus accepted %50 as a decision zone where bulls and bears will fight...and we will be following the winner in the basic mentality . But İt does not give max profit in every pair...
saw this post yesterday i got interested, i want to develop an EA based on fib and which should use martingale, cos i had issues in filtering wrong trade set up can you please share your experience?
  • #1,033
  • Dec 17, 2017 8:48am Dec 17, 2017 8:48am
why not add a MA moving stoploss to replace TP2 or TP3???
  • #1,034
  • Jan 19, 2018 10:30am Jan 19, 2018 10:30am
Hi, started trading not long ago. My analysis uses price action with fibo retracement. Hope to learn more from experts here!

Spotted a hammer on 23.6 retracement yesterday for XAUUSD. Do you think price will increase?
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  • #1,035
  • Jan 22, 2018 8:06am Jan 22, 2018 8:06am
Spotted a shooting star at 23.6 retracement on USDJPY 4h chart. Do you think price will fall?
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  • #1,036
  • Jan 23, 2018 6:46am Jan 23, 2018 6:46am
Update for the 2 running trades:
23.1.18
USDJPY
Floating profit: $7.08
Points: +297

Gold
Floating profit: $9.40
Points: +713
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  • #1,037
  • Jan 24, 2018 7:24am Jan 24, 2018 7:24am
Update on the 2 running trades
24.1.18
USDJPY
Floating profit: $31.88
Points: +1333

Gold
Floating profit: $29.43
Points: +2249

Hope this isnt beginner luck in fibo trading!
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  • #1,038
  • Jan 25, 2018 7:30am Jan 25, 2018 7:30am
Gold hit TP
USDJPY hit TP 1!

Still got 1 USDJPY trade
Floating profit: $21.55
Points: +1829

All the best in trading! No new trades to enter as of today
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  • #1,039
  • Jan 25, 2018 8:05am Jan 25, 2018 8:05am
Quoting keeleytan
Gold hit TP USDJPY hit TP 1! Still got 1 USDJPY trade Floating profit: $21.55 Points: +1829 All the best in trading! No new trades to enter as of today {image} {image}
What is your exact strategy that you use to trade? What time frame do you draw your fibs on etc..good job so far!
Fibs can be very accurate when used correctly in a strategy...trying to figure all this out.
  • #1,040
  • Jan 26, 2018 7:39pm Jan 26, 2018 7:39pm
Update for USDJPY on 26.1.18
Price retraced and hit my stop loss, realized profit of $14.19. Lesson learnt, maybe my stop loss could have placed on the further resistance level to allow the noises to pass. But still happy as I've profited!
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