Fibo Magic

Want to trade Fibo Based trades in this Account ! hope things will go smoothly !

The things to Remember


TIME : important session start
Entry : Only Trade ( Candle Close )

Stoploss : Never More Than 15 Points

Exit Criteria : Breakeven when its 1:1 or Take Stoploss

how do we proceed, sir?

Previous 4 hour candle show respect to Fibonacci 50% resistance ..Idea is go short .. when market is on retracement with very little stoploss

UPDATE : Stoploss Hit

Trade 2

Sell eurGBP 0.8229 with stoploss at 0.8245 ...market hit fibonachi 23.6 resistance ...looks a good resistance for intraday

Update :: Stoploss Hit

Trade 3 and & 4

AUDUSD hit a important fib resistance 7439 sell with stoploss 15 points

Update : Profit

Trade 5 & Trade 6

USDCHF sell 9764 stoploss 15 points ..as it hits important fibonachhi resistance zone

Update : Stoploss Hit

Trade 7

Forgot to take screen shot

Update : Winner

Trade : 8 9 and 10

Screen Shot Not Taken

Trade 11 , 12 and 13

Account Blow ..

Next Try!

Trade : 1

USDJPY on fibo Resistance

Update : Hit Stoploss

Trade 2

Aud Usd Sell hit 50% of fibo resistance

Trade 3

USDCHF HIT fib 23 level ..an important resistance zone ... sold here

Trade 4 5 and 6

USDCHF hit Important resistance

Trade Idea 7

Aud USD Hit important resitance

Update : Goes Breakeven

And Chopped Chopped and Chopped ...

Beginning for last and 3rd attempt

Trade One

Eur/Usd

Looking a candlestick resistance zone creating by market .. hoping this resistance will work ,

EurUsd Sold 111345 with 15 stop

Lost 15 points

Trade Idea 1 .

AudUSD ( Sell )

On the 4 Hour Chart 38.2% fibo retracement level in around 0.7515 area's Idea is look on 0.7518/19 (Aggressive) area in 15 mins chart how its react there. then using 5 Mins chart i likely to enter in this short trade with target around 50 Points with 15 Points Stop loss


Trade Idea 2 .

Eur/Usd ( Sell )

On the 1 Hour Chart of Eur/usd Clearly hits 50% of fibo resistance and consolidating , i like the idea of Scalp sell on intraday charts if market takes 1 Hour last swing highs( Watching for Stop Grabber Pattern ) and come close below 50% Fibonacci ( Expecting a spike to 1.1178/80 levels ) .. i likely go and take this trade with 15 points stop loss .. targeting 50 points

P.S : Staying careful with Eur/Usd trade as Market already tested this 50% fib level Thrice , so will not trade untill any 4 hour candle spike up and take highs then close below 11169 levels of Eur USD

So here is my ideas for Next Weekend ... i try my level best last week ( lost two small amount 15+15 = 30$ ) but not succeed in this choppy market . i am expecting to do a better job in next weeks trading session , my best wish's to all traders and happy weekend ( if someone reading my nonsense )

Monday July 4 2016

Good Morning and Greetings ,
Its time to trigger a trade as per plans. We comes up AUDUSD with a gap on Downside , which makes me think that , aggressive approach can taken on this pair
Previous swing highs( 1 Hour chart ) are protecting further gains of this pair. Fibonacci resistance 38.2 % of Swing High ( 0.7646 ) to Swing low ( 0.7303 ) in One Hour Chart at on 0.7515 area. As previous highs on 1 hour chart will take out by the price may lead with stop grabbing market can reach 0.7517-0.7520 .. Concentrating on this trade now . Finger crossed hoping for best


Trade One Triggred On :
Update : its go all in my favor .. put trailstop and go for a bath..comeback and found -12 pips lost.... arrrghh lesson learn Do not bath till saturday lol

Trade Idea 2

NzDUSD

NzdUsd looking at the 1 hour chart .. its hit daily resistance (0.7204) and showing an intraday weakness ... a thought most of the traders targeting the fib resistance to close some lots and take profit.. I may take this opportunity for quick pips and recover my previous loss and manage the day with some profits . Pending order put on nZDUSd pair and finger crossed

Update : Trade Triggered

Trade 3

Sell NZDUSD

Belive me or not This is same 23.6% fib level(Which i took in Earlier trade which is drawn in MT4 Mobile ) in different location on "Trading Station 2"

when i checked this level .. i was very surprised and closed previous trade with a small loss . Both the screenshots are available .. do let me know if you found any error's on drawing ..

Anyways back to trade , NZDUSD is hovering over the Daily resistance ( 0.7204 ) and trending around 0.7220 Area , Usually Intra day market(Daily candle ) usually reach towards daily resistance 1/support and if fib resistance/support are also near

Update Lost