Well said. This has been difficult for me. It is a lot harder then it sounds! 2 problems: 1) I have a tendancy to get stopped out only to find that the trend isn't over (usually from a large market spike possibly due to a news release). 2) In order ...

Peaks and Valleys (Trading Naked)

LOL

Peaks and Valleys (Trading Naked)

Are you pyramiding when a trend occurs? Thats the only way I have been able to make this system profitable, despite occaisional whipsaws. Like I mentioned in an earlier post, by pyramiding on vHands I was able to produce a 54% gain in 3 weeks on ...

Peaks and Valleys (Trading Naked)

Kevin might have a better answer but here's mine: It looks like the market is ranging. This strategy doesn't work very well in a ranging market, but it works extremely well in a trending market. What I have found is that after a strong move like is ...

Peaks and Valleys (Trading Naked)

VHands Chart — Remember that exponetial gain thing I mentioned earlier? Here is a chart that shows what I mean. This is vHands, the trading simulator on MT4 (for those wondering what I am talking about go here url ) I added to the position ...

Peaks and Valleys (Trading Naked)

Thanks, it looks good, however it says there are three sections and the document only has one, I think something is missing.

Peaks and Valleys (Trading Naked)

I am using the 4 hour time frame. I have been practicing mostly with GBP/JPY beacause I have been trying to figure out a way to trade that pair (tried several techniques) and have found that peaks and valleys works quite well on it, better then ...

Peaks and Valleys (Trading Naked)

Btw, I couldn't answer the poll because it depends. I may trade naked in the summer but right now its too cold!

Peaks and Valleys (Trading Naked)

I have been testing this system on vHands for a while now, and it seems to work well for the most part. The trouble I have is the arbitrary 50 pip stop loss. I get stopped out too much (especially GBP/JPY). What I have found that works better it ...

Peaks and Valleys (Trading Naked)

Thexder is The Man Jr.! Check out his Nov. pdf too as he has created some rules for entry that are very good. I think he is on to something here too trailing price on the 1 min to determine the best exit.

Fibonacci Trading with Bobokus

If you start a new thread maybe you could close it at first so nobody can post on it until you've fully explained the whole strategy, that way it won't be filled with repetative questions and jabber. Now that you have been working on this thread for ...

Fibonacci Trading with Bobokus

I know of somebody who invested with them. Min is 5k. I've been thinking about it.

FXCM managed accounts - Too good to be true?

What are you looking for specifically when the fib levels are hit that give you confidence to enter the trade then? Can you please share what kind of price action patterns or formations you are looking for? You mentioned earlier in the thread that a ...

Fibonacci Trading with Bobokus

What's the highest probablility setup? — Does anybody have any thoughts on which part of the fibonacci cycle has the abosolute highest probability? For example, I have been practicing with vHands constantly testing strategies and learning ...

Fibonacci Trading with Bobokus

Count me in. Can I bring my banjo too? I live in the appalachians. Good ol' mountain music. Maybe we could duel video It's what I do when I get time away from the computer.

Trading Workshop Possibility - Skunny & Bobokus

I guess it goes back to the royal question of "where do I place the fibs?" The third example I took as well and won on, there was one AFTER that one that was stopped out. The first one I have marked was pulled from the big down move, and was stopped ...

Thexder's journey to(ward?) freedom

There, I took the green fib off, it just looks more confusing with it on and it is irrelevant anyway.

Thexder's journey to(ward?) freedom

Correction, the green fib is drawn wrong, upside down and the top should be 3 candles back, sorry, but I'm sure you can see with the loosing fibs.

Thexder's journey to(ward?) freedom

Here is a couple stop outs on vHands just to show you examples. Arrows corrospond to the same color fibs. The gold and grey arrows are stop outs, the green arrow is a win. Don't know how well you can see this info but here t is.

Thexder's journey to(ward?) freedom