If anybody cracks GY let me know, I have been working on that one a while. I have a strategy that works but only under certain conditons.

Fibonacci Trading with Bobokus

I am looking forward to it. Do post them. It would be a good addition to a full trading plan. Have everything listed in simplicity so that all is needed is to go through a checklist before placing an entry. That way you don't kick yourself after a ...

Fibonacci Trading with Bobokus

Is there an easy way to follow this strategy without staring at the charts all the time? Is there an alert or something that can be programmed (I'm not a programmer) to send an email when the market reaches an entry area? I have been trying to ...

Fibonacci Trading with Bobokus

Thanks for sharing your story. It shows how much credibility you have. My philosophy when it comes to discovering something good is you have to "filter through all the junk" to get to what is real. It seems whenever a good opportunity comes along, ...

Fibonacci Trading with Bobokus

Fed rate cut — Of course the fed rate cut effects many markets, this last one was a good example for GBP/JPY. Typically I trade the majors when a rate change comes out and made quite a few pips on AUD/USD with this last one. It was only after ...

Fundamental analysis of GBP/JPY

They have changed it. You can hedge on the same currency in opposite directions. Now if only they had better spreads..........

Fibonacci Trading with Bobokus

Is this right? — I am following along this thread trying to understand the strategy, so bear with me if I don't get it yet. Below is a current chart. First of all is my swing fib correct? Second, is the current candle what we are looking for ...

Fibonacci Trading with Bobokus

Remember this post (#120) from way back when? It just goes to show how much more reading I have to do . Anyway, I want to make sure I understand this. Does this mean you do not use the range fib at all when the market appears to be trending? What ...

Fibonacci Trading with Bobokus

Current chart — Hey Bobokus, It really helps when you post a current chart (or template is even better) so I can follow along and make sure I understand what is going on. Right now I am monitoring the recent down move that currently ranging ...

Fibonacci Trading with Bobokus

Thexter — You are using 1 hour candles for scalping right?

Fibonacci Trading with Bobokus

Has anybody tried this with GBP/JPY?

Fibonacci Trading with Bobokus

So, are you saying you would need to wait for a new candle to form below the 61.8% level to confirm the change of bias from long to short? If price breaks 61.8% but the candle is still open, you don't take the trade, you just wait and see if a new ...

Fibonacci Trading with Bobokus

thanks

Fibonacci Trading with Bobokus

Impressive relults! As long as they can be consistent. I agree with you with trying scalping first on a smaller time scale. It gives you quicker results to judge if this strategy is something that would work for you or not. I have a scalping ...

Fibonacci Trading with Bobokus

Just curious what is your success rate with this strategy? It seems like you might have figured out what Bobokus is trying to explain (I am still learning the basics of it).

Fibonacci Trading with Bobokus

I think so, thanks.

Fibonacci Trading with Bobokus

Fib levels — Hi Bobokus, I want to make sure I have the right fib levels here. It seems you use different fib levels when you draw fibs for different trends and retracements. Do you mind checking these levels to make sure they are the ones you ...

Fibonacci Trading with Bobokus

Hedging a trending market. — I hedge with my scalping strategy (see url particularly post 1 and post 37 on) The caveat with my hedging strategy though is that it ONLY works well in a trending market. In this case (my strategy) you only open ...

Hedge a losing position?

Is this what you meant? I reset the lower value of the low fib to todays low. I left the envelope at 64 but I am viewing from a 1 hour chart now. I attached a template of what I mean so you can see. (Pics aren't very good).

Fibonacci Trading with Bobokus