Results — Got some good trades today on EUR/USD and USD/CHF. Charts will follow shortly. I prefer to do the reverse but not able to get full access in the days for now.

Simple & Consistent Fibbing Method

My change in schedule is killing me. Trying to adjust, hopefully I will be able to catch back my 3:00am EST routine by the ending of this week. Nevertheless, for those who have caught this method. You should have caught some very good trades so far ...

Simple & Consistent Fibbing Method

Other setups — There were quite a number of setups this morning and throughout the day on different pairs. Will post these later.

Simple & Consistent Fibbing Method

In the above chart, your entry would be right on the candle that retraces after the close below the 50% (circled in yellow above).

Simple & Consistent Fibbing Method

Great setup missed! — Was tired and missed a beautiful setup this morning! image

Simple & Consistent Fibbing Method

Time Frame & Pairs — I have not found this method to be restricted to any time frame or currency pair. I have traded it on the GBP/USD, EUR/USD & USD/JPY on 15M and H1 charts.

Simple & Consistent Fibbing Method

Time for Trading... — Ok, that is it for now! Will see what 3:00am tomorrow has in store.

Simple & Consistent Fibbing Method

Important Note about Fib A — Whenever there is a trend reversal after a target is achieved on Fib A, adjust the high of Fib A to the new high of the day or the Low of Fib A to the new low of the day. The targets on the opposite end will be ...

Simple & Consistent Fibbing Method

Thanks GaPs!

Simple & Consistent Fibbing Method

Step 5 of Trade Example — Bull Target #1 is hit and the market goes 5 pips to Bull Target #2 before massive reversal. You will see from here that we can apply the same principles to the enter the sell setup that follows. image

Simple & Consistent Fibbing Method

Step 5 of Trade Example — Since we are buying, we fib the last major drop to identify possible areas of resistance on the way to our target. This will be Fib C (Blue fib). We see resistance at the 50% of the major swing at 1.5302, which is ...

Simple & Consistent Fibbing Method

Step 3 of Trade Example — We identify a breach of the 50% level at 3:45am EST. So we await a retrace to the 50% for entry. Entry given on the 4:00am EST candle, with BULL targets at 1.5311 and 1.5322. image

Simple & Consistent Fibbing Method

Step 2 of Trade Example — We Fib the last high to the low created at 3:15am. This will be Fib B (Green Fib) to identify any 50% breach. Circles highlight the last high and last low. image

Simple & Consistent Fibbing Method

Step by step trade example — On Friday, February 26th 2010 at 3:15am EST, we observe a high and low of the day fib from the high to the low to view possible BULL and BEAR targets. This will be Fib A. Circles show high and low. image

Simple & Consistent Fibbing Method

Friday's Trade — ENTRY AT 3RD HIGH - after adjusting fib to that high. image

Simple & Consistent Fibbing Method

No Entry Trades - Friday's Trade February 26, 2010 — Sometimes there will be a solid break above the 50% with no immediate retrace. Do not force an Entry. Adjust FIB B to the next level and wait for a Breach and retrace there. See how Friday's ...

Simple & Consistent Fibbing Method

Placing Stops — Your stops should be placed as follows: SHORT TRADES 1st Entry - Above the 80.9% or 61.8% 2nd Entry - Above first entry price or above the previous fib level Other Entries - Above the previous entry or the previous fib level ...

Simple & Consistent Fibbing Method

Trading Hours — This method can be used at any time. I prefer after 3:00AM EST, because most major trends occur around that time. I don't know how clearly I have explained. Please ask questions for clarity.

Simple & Consistent Fibbing Method

Finally...Adjusting Target Levels — Once your target level is hit, adjust the low to the price at which the target was achieved and new low created (reverse for BUY trades). This will allow you to identify the new targets. Fib A should be ...

Simple & Consistent Fibbing Method

Major Breach and Major Retrace — Whenever two lows are too far apart or a low is the low the entire Up move (reverse for BUY trades), you will have an aggressive retrace once the 50% level is breached, meaning there is a candle close below to ...

Simple & Consistent Fibbing Method