Updated Fibonacci Rules. 1. Check Economic Calendar for announcements in the next 24 hours to eliminate any pairs that have non farm payroll or interest rate announcements up coming. Wait until all major announcements are posted for the current 24 ...

Gp's simple daily fibonacci-based system

I have a pending long on the 1 hour USDCAD. Green is entry, red is stop, orange trailing stop. Be careful with this one. If you're going to take it. Remember tomorrow is Friday, and both currencies have announcements shortly after NY open. My plan ...

Gp's simple daily fibonacci-based system

I have a pending long on the 1 hour GBPUSD. Green is entry, red is stop, orange trailing stop and gold is profit targets

Gp's simple daily fibonacci-based system

Good Luck. Remember Rome wasn't built in a day and neither will your trading. Just keep at it practicing practicing and practiing. If you're not I would suggest a demo account for practicing. and for sure post your trades here. Gp

Gp's simple daily fibonacci-based system

I might have to change the heading in my thread from fibonacci to daily trade. Wow Rough day everything seems to be ranging. So if you want to trade this is what I'm doing. I used a camarilla pivot point I applied it on the 1 hour time frame, as ...

Gp's simple daily fibonacci-based system

I don't like the word always when referencing the forex market, so I will say almost always, I enter my trades with a pending order. So I use price as a trigger. If you want you could use candle closes or patterns once price gets into one of the ...

Gp's simple daily fibonacci-based system

I have a pending long on GBPUSD. Green is open trade area, Red is Stop loss, Orange trailing stop and Gold potential profit targets.

Gp's simple daily fibonacci-based system

First trade of the week. Long on EURJPY Green is open trade area, Red is Stop loss, Orange trailing stop and Gold potential profit targets. I'm think of posting my trades this way rather than just the lines. I like to make sure that anyone who ...

Gp's simple daily fibonacci-based system

I'm long on USJPY applied on 1 hour time frame. Green is entry, red is stop loss, orange is the trailing stop and gold is 1st take profit

Gp's simple daily fibonacci-based system

Sorry for the delay in getting back to you Ive been away. Actually use both for different reasons. HA's are what I learned on and they both use the same info just show the end result different. Gp

Gp's simple daily fibonacci-based system

Here is the 2nd part of the trade plan. The Fibonacci Tool, which was applied as soon as the take profit triggered from the original range trade. At this point Stop loss is trailing

Gp's simple daily fibonacci-based system

So the plan is to set up a pending range breakout trade which ever one gets triggered first we delete the opposite pending trade immediately. When price hits out take profit, we then apply the Fibonacci tool to at the 50% retrace.

Gp's simple daily fibonacci-based system

Thank you and you're absolutely right about the moving average. Definitely got to go. I was never a big fan of any moving average, but another trader and I were talking and he actually uses it in his fib trading. He said it gave a much better ...

Gp's simple daily fibonacci-based system

Here's the continuation of last nights trade using a fib tool. Todays announcements finished nothing earth shadowing for tomorrow with this pair. Fib reading was done on 5,15 and 30 time frame. This is not a set and forget, it is a manage the trade, ...

Gp's simple daily fibonacci-based system

GBPUSD is ranging on the 1 hour time frame. So I have entered two pending orders, which ever one gets triggered first the remaining pending order is closed. Entries are Green, Stops are Red, profit targets are gold. Rules for Ranging 1. Check ...

Gp's simple daily fibonacci-based system

When I post a trade that entry, exit, stop loss, trailing stop (differs depending on information available at the time ) and take profit targets, that is how I may enter the trade. Once the trade is triggered I monitor and manage. I don't know maybe ...

Gp's simple daily fibonacci-based system

You are right. If you read rules entry is in between 61.8 and 50%. I normally put an alert just before my trade is triggered and will make any modifications if needed, so in post 21 had I been in front of my computer, I would have entered earlier, ...

Gp's simple daily fibonacci-based system

I wasn't going to respond to posts like this because number 1 it's a waste of time. For people like above there is always something a: villain, scammer or con, mostly because they're to lazy to do their own work and believe anyone who does something ...

Gp's simple daily fibonacci-based system

I would like to apologize to both of you. In my original post obviously I didn’t make it clear that this thread is not for either of you or anyone else. It’s for me. I don’t care what either of you think of how or what I trade. Save your judgement ...

Gp's simple daily fibonacci-based system

I’m from Niagara Falls Canada. Exactly. The only way we make money as retail traders, is one someone on the opposite end of our trade makes a wrong decision and loses money. Concept is easy, however the other side in most cases as a lot of things ...

Gp's simple daily fibonacci-based system