Disliked{quote} My trading system is similar to yours, trade pullback in fibo 50 - 61,8. But I usually wait for the pullback complex and then there is the signal engulfing me new; or 2 signal Engulfing {image}Ignored
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Disliked{quote} My trading system is similar to yours, trade pullback in fibo 50 - 61,8. But I usually wait for the pullback complex and then there is the signal engulfing me new; or 2 signal Engulfing {image}Ignored
Disliked{quote} sorry but your drawing is wrong...you draw fibonacci from end of rally...your 61.8 is at wrong place...you need to draw start from rally not from end to beginning...also if you wait for a engulfing you should had buy this candle...did you buy ? if so it was at 1233 and then price dropped below 1200...still not wrong trade but risk is wide...i would prefer stopped at breakeven which is happened to me...i saw it reversed again but i didnt buy when it broke simple 4hour lower high and it was actually 61.8 {image} {image}Ignored
DislikedThere are two ways to use Gino. I like to use that to determine the TP. Zone limit at 38,2 - 50. I usually wait for 2 engulfing and the entry{quote}Ignored
DislikedHi Pairsniper, I like your system and it is very simple. I will rereading it again to get the principle right. I have few questions: 1. What is the key role of Kijun sen or 50ema?. Do i need to wait for the price to pull back to 50,61.8 retr.. and Kijun sen? so that i will place a trade. 2. Before placing any trade, do you consider higher timeframes? 3. how to accurately identify the starting or end point of rally?.Ignored
Disliked{quote} 1-kjunsen and ema 50 is just for remind you where trend going (daily chart) and keep you from entering bad trades..you really dont need actually but sometimes you can check and then remove.. 2-of course higher trend is better accurate for identify but thing is if you go only montly chart you cant trade often...what i use often identify where daily trend going and using trigger for 4hr or 1 hr chart 3- this ones answer is coming with a chart nowIgnored
DislikedHi Pairsniper, Thank you for your explaination and i like your simplicity. I am looking at AUDUSD daily, As per your requirement on placing Fib is it correct? and does this trade meet all your requirements. {image}Ignored
DislikedAfter 10 years of trading and tried many systems and lots of useless indicators im back to clean screens... i will share here my trades with easy PA and FibonacciIgnored
DislikedHi Pairsniper, I am still learning and i will only focus on daily timeframe for now. Your system is very good. I see "half cup" on AUDCHF. what your view on TP and how do you incoparate it in your system? Thank you again Pairsniper {image}Ignored
Disliked{quote} Hi Pairsniper, I know you have been trading for 10 years with trails and tribulations. how long have you been trading Fib+PA (this system)? Thank youIgnored