Wait this out? — Hi Bo, What do you mean by ' reset once the first opportunity arises' ? Do you just mean a new break of a D1 Low or High - in which case you should be back in again on a short (from 1.9658 ?)? Not sure about how much ...

Trading the Daily

Price level on Fibs — Hi Birdy, To put the price on Fib retrace,ment or Fib expansion levels, you : 1. Click on the Fib line to select it. 2). Left click and then select Expansion Properties (say) 3). Go to tab Fibo Levels 4. Edit the ...

Powerful Fib Based System - by DAZfx

You will already have one on your platform — Hi Getright, The Fib extension tool is not a special indicator, it is provided on almost all platforms and charting packages. If you are using Metatrader, it is on the tool bar. Th icon for it is ...

Powerful Fib Based System - by DAZfx

4hr Stochastic on 1hr Chart — OK, I have found out that the reason th MFT_Stoch didn't look like the 4Hr close/close. ChowClown is correct in that using 32,12,12 on a 1Hr chart gives a better approximation to 8,3,3 on a 4Hr chart than does ...

Powerful Fib Based System - by DAZfx

Stochastic - oops — Hi CC, I didn't look closely enough at this. It just matched the 8,3,3 on the 4Hr at that point in time. I see now that they don't match that often, neither does the 32,12,12 on the 1Hr although it is closer. I also tried ...

Powerful Fib Based System - by DAZfx

Update on U/Chf - stopped out, should have checked the 4Hr — My U/Chf trade is stopped out. Looking at it now, I see that it was really too long a swing to do on the 1Hr and should have been appraised on the 4Hr. Only on the 4hr , the Stoch ...

Powerful Fib Based System - by DAZfx

Thanks Naijafx, 2 questions — Hi Naijafx, Thanks for the heads-up. I have taken the U/Chf but based upon the next biggest swing, since th one in your post retraced too far. I have 2 questions : 1. The stochastic used in the Dazfx method, is it ...

Powerful Fib Based System - by DAZfx

Question about Sunday candles — Hi Bo, I am a little confused about your use of Sunday candles. Is it that you use them for setting opens of trades but not stoplosses? Otherwise, why is your open 5 pips below the Sunday low rather than the ...

Trading the Daily

Lusan I am curious, why bias short on G/U? — Hi Lusan, Why would you bias short on G/U ? Do you mean if the chart that David posted was a 5 min chart not a daily chart? When I look at a real 5min chart of G/U I can see a possible reason for ...

Technical Analysis Fallacy

I didn't - got confused — Hi Bo, I hope that you are in better health now. I didn't take the Daily trade (even though only paper trading the daily), because I got confused by your post about the sell stop in your Fibonacci Trading thread. That ...

Trading the Daily

Leighsww - thanks for your comments — Thanks for your comments, Ian

Technical Analysis Fallacy

Lusan- no I was not joking, and its real money — Lusan, I think you have misunderstood. I was not joking. It is a real money £10,000 account. I was not tying to dance, I use a Fib method for my longer term trades - but needed to attempt rescue ...

Technical Analysis Fallacy

I have just completed my first 2 rescues - SCARY! — Hi All, I just wanted to post that I have just done my first 2 rescues today and I am not sure if I should be proud or ashamed of risking too much. Firstly by placing several orders ahead of ...

Technical Analysis Fallacy

Yes, well done Bo - better than I did — Hi Bo, Comparing our results from Friday just shows the difference between a master and a novice. I took the first short at the 0% line (- not confident about the short side) and exited at the T2 for the ...

Fibonacci Trading with Bobokus

H4 Volatile scalp - I took similar off the 1Hr — Hi Thexder, I took a similar trade, but with slightly larger Fib off the 1Hr chart. Didn't do so well as you, only 30 pips I entered early rather like Bo & Issy (close outside of the 23.6) but ...

GBP/USD hourly fib scalp ideas

Its not just the phone line you need to worry about — Hi Doremi, It is not just the phone line that you can cause you a big problem. I have had: 1. Phone line down. 2. Internet Service Provider down. 3. PC crashed - Software. 4. PC Monitor ...

Technical Analysis Fallacy

And another thing — Hi Thexder, I just thought of something else. Have you done any testing on taking the reverse trade after the initial one has hit its target and retraced through the whole original Fib ? I find this usually works,using the ...

GBP/USD hourly fib scalp ideas

An observation on your V-M Hybrid H1 document — Hi Thexder, I love the way that you document your systems and have gained many good ideas and hints from reading them My setup and Broker combine to restrict me from using your 1 minute based ...

GBP/USD hourly fib scalp ideas

To PolishTrader and others in doubt — Hi Polishtrader, I don't claim to have had any AHA moments, but will try to address your concerns: 1. Yes, It is not just possible, but its easy to distinguish a Good entry from a BAD entry - but only ...

Indicator Free Trading - Skunny

Cycles - would you share your findings? — Hi Traider, I'm not sure what you mean in the quote above. Please could you expand upon it and include a chart, so we can see it instead of trying to imagine it. Thanks, Ian

Indicator Free Trading - Skunny