I have a pending short on EURAUD Green is the entry, red is stop loss, orange is trailing stop and gold is the 1st take profit.

Gp's simple daily fibonacci-based system

Depends. Sorry I'm not ducking the question. I will trade a range-breakout and/or inside a range. Depending on the information at hand, I either trade top of the range, bottom of the range or in betweeen the top and bottom of the range. Or I won't ...

Gp's simple daily fibonacci-based system

Thank you I think you'll be surprised in a world based on complication, there are ways to achieve your goals by applying simple logic. Last night was just one of those nights. Perfect example of why you you need to use a stop loss of some sort. ...

Gp's simple daily fibonacci-based system

This what I have found. Nothing in trading in the Forex is easy. Very little is black and white, almost everything is in the grey. AS Retail traders we have to deal with a lot of situations that are not black and white and we don't have access to ...

Gp's simple daily fibonacci-based system

I'm not sure where I said anything about a win rate better than 50%. The only 50% I'm talking about is the halfway point of the price action leg I'm measuring. Yes I do use MT4 I don't use an indicator for the time frames. But I do scan multiple ...

Gp's simple daily fibonacci-based system

Thank and welcome to my thread. It is simple and consistent if you follow the rules. I found in the beginning the hardest part was which price action leg to get the best results. But like everything in Forex, mostly if you do or see enough, it sinks ...

Gp's simple daily fibonacci-based system

I’m Short on AUDJPY. Green is entry, Red is Stop Loss, Orange is Trailing Stop and Gold is 1st Take Profit

Gp's simple daily fibonacci-based system

You're welcome. I like it cause it's consistent: Entry, Stop Loss, Take Profit Targets. Which is great for newer traders. I found that it also works great for working on Patience and Discipline. If you've ever been following a trade and your rule ...

Gp's simple daily fibonacci-based system

Thanks for the great post. Nothing like seeing a post like yours, comparing it to what you're doing and see that you're on the same track. Merry Christmas and thanks again Gp

Is anyone here an institutional trader?

No problem and again thanks for the info in the thread Gp

Is anyone here an institutional trader?

Just wanted to thank all of you who have shared your experiences, thoughts and opinions. Shenobi I'm on the 2nd reading of the entire thread, and wondered if you use an ECN or STP or Market Maker in your private retail trading. I know that you ...

Is anyone here an institutional trader?

Just wanted to let you know something you already know. Great thread. The more I read the better it gets. Best wishes and Continued Success Gp

Is anyone here an institutional trader?

Do you have a thread illustrating your most popular trade? I would like to follow but can't find if you have a thread. (It's my old age kicking in, I guess) Gp

Is This The Best MA Cross?

Yes sorry, I meant in theory or basically. As far as hindsight that’s why the trading gods gave us stop losses and money management Yes I realize there’s a lot more to it. I just wanted to make sure I was on the right track. Thanks a million ...

Volume Spread Analysis Question

Is meta trader 4 or meta trader 5 compatible with Windows 8? Some one told me 4 isn't and 5 is. I'm having trouble with 4 computer is bran new but when I try to open mt4 it opens but then closes right away. If 5 is not which platforms are? Total ...

Metatrader 4 vs Metatrader 5!

Just started trading crude. Making my trade plan using daily charts. Using a fib retracement to enter 50% level, stop loss just over 61% level Fib ext for profit targets. Verify with a momentum and S&R. Any thoughts any constructive tips appreciated

Trading Crude Oil with price action + indicator