Great information Pipr! We all have lots of studying to do now Thank you for your input and sharing your strategies.

Spud's MTF FIB Breakout System

A Failure - So to Speak — March 15 2007, the chart below shows the "typical" failure...this by the way was the first failure in March 2007. The entry follows the simple rules of a Break at 0 and the stochs below 23.6. However, the 14,3,3 ...

Spud's MTF FIB Breakout System

For hard rules..best to trade after the close and on the open of the next candle...then you have no fudge factors in the stochastics or fib levels. There is such a large margin for error here on entry and exit that I would just stick to the hard ...

Spud's MTF FIB Breakout System

Thanks banzai! Now I am going to keep you real busy with indicators from all this data coming in

Spud's MTF FIB Breakout System

My mistake...Low/High is the proper term. Doesn't matter...it is just calculating of the highs and lows and not the closes.

Spud's MTF FIB Breakout System

March 5 2007 Beyond The Basics — Well a nice weekend with 650 pips to party with. It must be Monday so will things get ugly? Well if you had a bad hangover you might miss this early entry...it pretty much starts right at the open...we might ...

Spud's MTF FIB Breakout System

March 2, 2007 Beyond The Basics — Ok, so we made 200 pips following some pretty simple rules. Even if we missed the first entry and just went at the break, we would have had 50 pips. So, let's move on to the next day. Well this is a no brainer ...

Spud's MTF FIB Breakout System

MArch 2007 Beyond The Basics — The chart below is from March 1st 2007. The first thing to notice is that at the break at the first break at 100 we did not jump in. Honestly, it wouldn't matter if we did as our losses would be insignificant ...

Spud's MTF FIB Breakout System

Getting Past the Basics - Change Your Charts — I mentioned that there is a reason for the Fibonacci numbers. If you look at all the charts I posted you can see dozens of missed trade opportunities. There are ways to capture these ...

Spud's MTF FIB Breakout System

February 2007 — Here are a collection of charts for every day traded in February 2007. I've added a few comments on each to help guide anyone interested. February gained 800 pips...net. There were 17 trades, 8 resulted in pip gains, 6 were ...

Spud's MTF FIB Breakout System

Thanks for the @%$ tip. I'd be interested in knowing more about your sytem.

Spud's MTF FIB Breakout System

The 1Hr is for "day trading" and you are using the "previous day" hi/lo for the Fib. The 4Hr uses the previous week hi/lo for the fib and you'd be trading on the week. The 14,3,3 is "like a" longer" time frame compared to the 5,3,3 stochastic. On ...

Spud's MTF FIB Breakout System

I use EA's to wake me up in the middle of the night for an entry That's about it. You hit the nail on the head...good money management and using the tools at hand only one's brain can properly decipher. If we could trade on EA's alone there ...

MTF Stochastics

This is yet another way to make simple winning trades in Forex.

Spud's MTF FIB Breakout System

Let's Go Live — Here's today so far.... We had a good long entry signal but that signal is fading as the stochastic begins to droop below 80. I grabbed 5 pips and decided to get out and wait to see what develops.

Spud's MTF FIB Breakout System

A Bad Day Isn't So Bad — Again the stochastics don't lie. We get a good entry but the market goes against us in this chart. We get plenty of warning from the stochastics and depending on how long you waited your losses would be fairly small if ...

Spud's MTF FIB Breakout System

Day 3 — Day 3

Spud's MTF FIB Breakout System

Day 2 — Day 2

Spud's MTF FIB Breakout System

3 Consecutive Days — The following 3 charts on next 3 posts are for 3 consecutive days...show how you can follow a continuous down trend...like could this be any easier! Notice on this chart there is a fake break above 100...see the ...

Spud's MTF FIB Breakout System

Another Example — Here's another long example...notice the stochastic exit indication. Also I've added a few Fib levels to make life easier. The Fib levels are now: -1 label as 200 -.764 label as 176.4 -.681 label as 168.1 -.500 label as 150.0 ...

Spud's MTF FIB Breakout System