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Bored Fibonacci trade RR: 1:1.2

  • #21
  • Sep 19, 2016 2:17am Sep 19, 2016 2:17am
Hey Mario !
Dir wünsch ich viel Erfolg und nur qualifizierte Kommentare in deinem Thread.

Eine sehr interesante Herangehensweise , wie ich finde .
Priceaction is always the answer

subscribed

Guido
Risiko birgt immer auch die Chance.
  • #22
  • Sep 21, 2016 2:14pm Sep 21, 2016 2:14pm
Quoting Sesamstrasse
Priceaction is always the answer
true .. but my approach is very "short-sighted" ;P

i will test it now with my 5pip way on a very tiny real account too proof to some of the trolls keep atacking me (not in this thread) .. that anyone can do it .. as long money and the work is respected.

and on my main account i add a filter for larger movements only .. meaning have trades open for serval days instead of serval seconds
still working on a better rueleset for that, also may use different pairs
  • #23
  • Sep 21, 2016 2:17pm Sep 21, 2016 2:17pm
Wendsday trades
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i was a little bit busy so i could not take on all of asia session and new york but still managed a few trades.

London session is not the best time for this trade style ..as too many events easy destroy structure, best is asia session and off-market and new york (but not on overlapping times)
  • #24
  • Sep 22, 2016 4:50am Sep 22, 2016 4:50am
Todays Trade Map

13 Trades 5 loosers
i put some quick scalps on the DAX aftewrwards .. gaining total 11% (blind luck) ;P
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  • #25
  • Sep 22, 2016 6:17am Sep 22, 2016 6:17am
see, got many winning outcomes with TP at 76% (38x2) ...otherwise got SL hit
1:1 RR ratio(never mind the spread) ... i dont know ...still testing
what you think?
Member
  • #26
  • Sep 22, 2016 6:26am Sep 22, 2016 6:26am
Quoting TudorIoan
see, got many winning outcomes with TP at 76% (38x2) ...otherwise got SL hit 1:1 RR ratio(never mind the spread) ... i dont know ...still testing what you think?
Yes but the cost of trade will erase most of the joy, i found 83 as a good compromise.

either 83 ir 121 but if its place-and-forget
then hard TP at 83
  • #27
  • Edited 6:44am Sep 22, 2016 6:33am | Edited 6:44am
Quoting nullx8
{quote} Yes but the cost of trade will erase most of the joy, i found 83 as a good compromise. either 83 ir 121 but if its place-and-forget then hard TP at 83
right.
how about any effective trading hours? say london/american session? any hints on that?
what about asian session?
i guess london/american creates more amplitude, so the higher the swing, the better (more pips related to spread=>low trading cost)
Member
  • #28
  • Sep 22, 2016 7:48am Sep 22, 2016 7:48am
I personally have the best results in asian and mid-us session

uk session iss too much noise, if i trade uk session, usually on the 9-20 min timeframe only.

asia session, 1-4 minute no problem, as it respect the structure very good.

one more thing, on EUR/USD i do not have that good results.

best for me us usd/cad, usd/jpy, aud/usd (in that order)
if you burn to trade uk session, better take on the DAX (Ger30)
  • #29
  • Sep 24, 2016 4:46am Sep 24, 2016 4:46am
Friday deals, AUD USD
i made some other trades on USDCAD as well, and overleveraged on the dax

end of the show: scary day
moral: stick to the plan and gain 6% or fuck with other things and make -3%

guess i never learn haha.

dealmap of my strategy: 16 trades, 5 loosers +6%
Rest is me doing stupid things (especially with the dax)
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oh btw. This is a 70$ account
thats why the positions are so small. I copy the trades via cMirror to 2 other accounts.
  • #30
  • Oct 3, 2016 7:49am Oct 3, 2016 7:49am
Hey, Mario!
I've studied something lately... I think the most common Fibo extensions are working pretty nice.
Here is some recent example on AUD/USD M5 chart.
See the levels alining up fine, meaning they are using that pretty intensive.
Entry is at 61.8%, TP=161.8%(RR1:1), 261.8(RR2:1), SL=-38.2%
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  • #31
  • Oct 4, 2016 11:38pm Oct 4, 2016 11:38pm
Quoting TudorIoan
I think the most common Fibo extensions are working pretty nice. Here is some recent example on AUD/USD M5 chart.
AUDUSD is my fav too

yes you are right, they actually do work, however, the aim of this strategy is to get to TP with 1 move.
use 2 moves to messure the range and take the following move.

if take only the 2nd and maybe 3rd move, even countertrend trades are not too dangerous.
but if go full range you have to consider the trend as well, and the style is "not so bored anymore"

the best results i have with 4-6 pip trades != UK Session. this means the timeframe is very small in quiet markets or even off session. but pretty save to happen.
  • #32
  • Oct 4, 2016 11:57pm Oct 4, 2016 11:57pm
Quoting TudorIoan
Entry is at 61.8%, TP=161.8%(RR1:1), 261.8(RR2:1), SL=-38.2% {image}
since i use this for momentum only .. try capture just the following move i would not have drawn the extention there in the first place.
but its interesting to see it worked out that nicely.

what was your reason to put it there ?

i would not because there is a small break in structure (that usually ends up badly) .. but if you go for a longer term this small hickkups dont matter much .. but it would be interesting what was your reason to draw it there instead.


here is the same chart where i would have traded at the same time in the same timeframe:
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  • #33
  • Oct 5, 2016 12:00am Oct 5, 2016 12:00am
oh one thing i forgot to mention.
i stoped use TP all together, and have momentum make this decition for me.

if the price moves smoothly to 83 i not exit and wait for 121 .. but if its fight too much to get there .. i exit at 83 and let it be.

this gave me a much better outcome as alot of trades going more far than 83 ..
once it stops .. -> i'm out
  • #34
  • Oct 5, 2016 12:15am Oct 5, 2016 12:15am
Quoting nullx8
oh one thing i forgot to mention. i stoped use TP all together, and have momentum make this decition for me. if the price moves smoothly to 83 i not exit and wait for 121 .. but if its fight too much to get there .. i exit at 83 and let it be. this gave me a much better outcome as alot of trades going more far than 83 .. once it stops .. -> i'm out
interesting ...have to study more ...today is a busy day for me on e/u
Member
  • #35
  • Oct 17, 2016 4:42am Oct 17, 2016 4:42am
Hey, Mario, t'sup!
I keep traceing your staff on AUD ...except I'm setting SLs at -7 and M5 TF.
I'm getting better results/experience ...here's Oct.14th
See you around, greeeeen!
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  • #36
  • Oct 17, 2016 4:57am Oct 17, 2016 4:57am
NICE !

actually if iam trade actively .. (mean i sit in front of the screen) .. i dont use stoploss ...
as you are right .. the -5 is kind of "tight" especially if Volatility picks up steam.

thats why i only trade usually the Asian session .. as everything is very smooth (most of the time)

have you had a look on USDCAD as well ?
works quite smooth as well but i also do prefer AUDUSD (because of the Asian Session)
  • #37
  • Oct 17, 2016 4:59am Oct 17, 2016 4:59am
in the UK session i some times set SL to the swinghigh/low .. but that is not such a good idea .. as the RR becomes negative .. and the risk gets really low then (very small lots as the SL distance is very far away) .. but its good if i not really monitor the trades.

i will make some dry-humping with -7 tonight
  • #38
  • Oct 17, 2016 5:06am Oct 17, 2016 5:06am
Quoting nullx8
NICE ! actually if iam trade actively .. (mean i sit in front of the screen) .. i dont use stoploss ... as you are right .. the -5 is kind of "tight" especially if Volatility picks up steam. thats why i only trade usually the Asian session .. as everything is very smooth (most of the time) have you had a look on USDCAD as well ? works quite smooth as well but i also do prefer AUDUSD (because of the Asian Session)
Yep, I use stops because I'm takeing a little more than 10 pps for a trade ... means few hours sometimes
CAD? I'll make some tests before put my money in
asian session is a little too early for me
...I'm studying E/U too , a bit more difficult pair but better spreads and on my trading hours.
Member
  • #39
  • Oct 17, 2016 5:30am Oct 17, 2016 5:30am
yeah of course, if i not have 101% attention, i stick to the -5% SL rule ..
and if the trade is off anything higher than 10Minutes .. same goes ..

but in the early morning in asian session .. i usually have just a 3-6pip range to cover for the setup ..
it works suprisingly well. short distances, give me huge lot sizes and the fuzz is usually over much faster .. haha

but yes in UK session i do zoom out quite alot to cope for volatility .. so on USDCAD usually 15-45Minutes Timeframe instead (because this pair starts to breath late in the day anyway) ... then trades can take hours as well

my day is mainly going like this (ranked by priority)

ASIAN Session:
1. AUDUSD (2-6M)
2. USDJPY (4-10M)

UK Session:
1. AUDUSD (7-15M)
2. GER30 (German DAX)
3. GBPUSD (15-45M)
4. USDJPY (15-45M, but only if VERY clear setup comes in)

US Session:
1. AUDUSD (3-45M very depend on whats happening after 19:00 ICT)
2. USDCAD (15-45M)
3. USDJPY (30M)

German dax is very smooth and USDCAD is quite okay for the late night sessions

but basically AUDUSD is good 24/7 (so stray arround is more a plan-b thing)
i add USDJPY for the thrill and NEVER set TP .. many times it smashes far deeper .. and gives me majestic RR
on USDJPY i usually manually close the trades once the steam is out of the movement ..
if its slowing down .. -> i'm out
  • #40
  • Oct 17, 2016 5:56am Oct 17, 2016 5:56am
Quoting nullx8
yeah
Great. Thank you so much. Your priority list gives me a clearer view.
My domestic life is pretty busy/coplicated, so I got to stick with the London session, lol
I see your ranking on sessions, but how about inside the sessions?
I mean for the London's, it's also ranked like this(?):
1. AUDUSD (still the first?)
2. GER30 (what TF's better for DAX ?)
3. GBPUSD
4. USDJPY
...now I'm thinking to give a try to DAX (next to AUD) if you're saying is working smoothly on London
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