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60minuteman replied Apr 23, 2012EJ M5 another bottoming structure fib and a triple tap on the trend line
Simple Fibonacci Trading
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60minuteman replied Apr 23, 2012took GJ reverse fib at my daily s/r looked for a reaction at the 78% first target was top of the swing... showed respect there so took profit..
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012Yes, Viv, anything that trends well is ideal... I have traded s&p with it
Buy sell line trading
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60minuteman replied Apr 22, 2012here's an example.. AU is in a clear down trend, we want to trade the H4 so we first mark the daily s/r (magenta lines) We then watch the retrace at the fib levels looking for some bearish price action as a trigger. We have a bearish engulfing at ...
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012ah ok, I see your point... The way I see it is you need a combination of things working in unison... for me its TREND/PRICE ACTION/MOMENTUM... Seems the best trading strategies have that little mix of elements that when combined create consistent ...
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012I don't read many trading strategy threads, I kinda know all I want to know right now... but, is there lots of threads where people are asking for traders to pay? is that even allowed?...
The life of a trading system on Forex Factory
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60minuteman replied Apr 22, 2012But the only data that is important, is on your own trading... the data fror how you pull them... after all it is going to be you taking the trades.
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012Liquidity Gaps Webinar this webinar gives a good explanation why fibs should work, why we get pull backs after impulse waves.. I really rate this trader, a proven track record in forex and one of the best traders to have a thread on FF... Should be ...
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012I do blocks of 100 trades, updating my data every 4 weeks or so... As for this strategy being profitable, I can't see why it wouldn't be with the right money management.. I will do a few fib trades next week in between my H4 stuff..
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012The risk/reward ratio is only important when you also know what your win/loss ratio is... from that you can calculate how much account balance to risk... A 1/1 risk to reward will be fine if your win/loss is sufficient and you are risking the right ...
Simple Fibonacci Trading
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60minuteman replied Apr 22, 2012one thing that is really important to remember with trend trading... RETRACE.... your best entries will always be at the end of a retrace... Zoom out on h4 of a pair thats in, or was in a nice trend... highlight the ends of the retraces in that ...
Buy sell line trading
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60minuteman replied Apr 22, 2012Hi LH... ok, example 1 and 2... These are classed as high risk trades... you can take them and may well win a few, but over time it is probably best to sit aside and leave them... Price is clearly ranging, we have a flat MA and price action is ...
Buy sell line trading
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60minuteman replied Apr 22, 2012good post Dave, you're thinking logically... and that's the secret... No simple strategy alone will ever be perfect... we just need that slight edge... The rest is just experience and discipline... if price is trending, we know its high probability ...
Buy sell line trading
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60minuteman replied Apr 22, 2012yeah, as always its a pro traders observation that I have copied... I know nothing, but i'm good at listening to the right people...heheheh Love that price action to, I trade that all the time... the slow crawl back down to a trigger point then one ...
Simple Fibonacci Trading
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60minuteman replied Apr 21, 2012always a good sign someone knows what theyre talking about when they include some higher tf analysis... you got to know where its coming from and where its gonna end!!
Simple Fibonacci Trading
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60minuteman replied Apr 21, 2012Hi Hugh, good thread, fibs and trends, can't go too far wrong! I know a really nice bottom and top forming fib structure... maybe something you could add... Have a look on your charts at the end of strong trending moves... So you could trade it long ...
Simple Fibonacci Trading
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60minuteman replied Apr 21, 2012that's awesome Dpeters and Mrsword... Really wasn't an easy week either, I had to go down to H1 to make my money.... You should take comfort from that though, because it isnt always going to be easy, but some structure and discipline in trading goes ...
Buy sell line trading
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60minuteman replied Apr 19, 2012i can take constructive criticism of my strategy, but i don't like the scammer bullshit, we've been down the post your trades/ results thing on here already... If im posting all my account details then i do want $400 a month... Otherwise its down to ...
The life of a trading system on Forex Factory
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60minuteman replied Apr 19, 2012its a public room, they can come add go as they please, nobody gets charged anything, its just an environment where they can discuss a strategy without people trying to de-rail the process all the time
The life of a trading system on Forex Factory