Good point. I decided to monitor it at this point. It is testing the short fib again.

Fibonacci Trading with Bobokus

Agreed. A pending order where the red line is looks good to me. Lets hope we are right.

Fibonacci Trading with Bobokus

Personally I just had a preset entry order for short at 1.9470. Then I have been monitoring it and following it with the swing fib. As for stops.............whats that? Kidding. Read my other post. I have the same question.

Fibonacci Trading with Bobokus

Would anybody like to talk about where they put their stops using this strategy? I know it depends on the trade but using fibs where is the best place for a stop? This is more important than an entry many times. How do you avoid whipsaws, yet not ...

Fibonacci Trading with Bobokus

Ladies and gentlemen we may have a breakout.

Fibonacci Trading with Bobokus

It's still in a range apparently. I went short at 1.9520 and am + 31 currently. Hopefully volatiliy picks up and it breaks the range to the short side.

Fibonacci Trading with Bobokus

It's currently ranging on the long fib. 15 min until TIC data, hopefully it's bad USD.

Fibonacci Trading with Bobokus

Btw chowclown, you don't have to take a screenshot to post a chart. Just right click on the chart and then click "save as picture".

Fibonacci Trading with Bobokus

FXCM analysts say profit taking is what is driving cable down, and they expect it to bounce back up and stay within a range. I am currently down after entering of the GMT 6:00 candle long. My stop is wide to ride out the bounce. I may enter another ...

Fibonacci Trading with Bobokus

I see. You scaled in and waited for the market to move up and then scaled out. Where did you place your stops, below the short fib or pivot fib? Personally I have had a rough week due to both platform problems and stops placed to close and getting ...

Fibonacci Trading with Bobokus

So wait......are these just different lots on the same market move? For example, you wrote GU 1.9605 - 1.9641 = 36 1.9575 - 1.9615 = 40 1.9597 - 1.9628 = 31 What time were these taken? I am just trying to follow along and see how aggressive your ...

Fibonacci Trading with Bobokus

Your amazing, and fearless.

Fibonacci Trading with Bobokus

Ah shucks . It's great to see your progess. I just read your new pdf. Excellent observations. This probably goes without saying but be sure to pay attention to the news too so a carefully planned trade doesn't all of a sudden go haywire ...

Thexder's journey to(ward?) freedom

Oh, sorry about the negativity. Other then that it is a great day!

Intra Day Yen - Naked

Arrrrrrg! I can only idly watch you guys make money as FXCM is having technichal difficulties. I was short on GBP/JPY on the breakout of the range but had to exit prematurely due to platform problems. I was also short GBP/USD but again, only 16 pips ...

Intra Day Yen - Naked

Hi Bo, Do you mind explaining why the first 3 candles that opened above the long fiib in your example were not valid entries? They looked like it to me, but they would have possibly caused some stop outs due to whipsaw price action. I circled them ...

Fibonacci Trading with Bobokus

I'm waiting for the London open and trading the break of the range, then following it with fibs.

Fibonacci Trading with Bobokus

Thanks mom. I will practice more agressive entries on vHands. I have a tendancy not to enter unless the trade looks like it is a sure thing, but if you have a tight stop like that then your risk/reward is very good.

Fibonacci Trading with Bobokus

Ah.......I miss snow .

Fibonacci Trading with Bobokus

Oh. Thanks.

VHands Trading Simulator