G/U is quite confusing right now. You could say that it just retraced down to the inner fibs of the swing set and now could move up with a long, but when it went up last time, it retraced to the inner fibs of the intraday which indicates short. I ...

Fibonacci Trading with Bobokus

I think normally, if the intraday fibs do not have a target reached, then you leave them in place. If a higher high or lower low is made, but still no target reached, you adjust the high/low of the intraday fib only. There was no target hit from ...

Fibonacci Trading with Bobokus

Let me take a stab at this... If you are looking to hedge, then you are probably trying to avoid using stop losses at all, like Breeze. You protect your trade with the hedge instead of a stop loss. In your example above, you would open the hedge ...

Breeze....Update on GBP/JPY

Apology accepted. Now can you please tell us more of your wrong stuff and what you know nothing about?

Indicator Free Trading - Skunny

Well, sure enough, leaving the EUR/USD intraday fibs as they were, in this hour alone the price has almost hit the long T1.

Fibonacci Trading with Bobokus

LOL, night owls for sure. I'm usually reading Skunny's morning posts before I go to bed at night.

Trading Workshop Possibility - Skunny & Bobokus

Thoughts on the EUR/USD — Hey Bo, I was wondering if you could take a look at the EUR/USD pair. Last Thu was a huge day for the pair with about a 176 pip range from low to high. That makes a huge set of intraday fibs for Friday. Friday it ...

Fibonacci Trading with Bobokus

Yes, you can use it on any currency pair. It doesn't require a saved template, it will just go by the prices on your current chart. Bruce

Fibonacci Trading with Bobokus

This is what I've been using. I took some code that was posted here before and modified it to my specifications into a script that you can run for each set of fibs you want to add to the chart. The script will run, draw the fibs, then exit, so you ...

Fibonacci Trading with Bobokus

Thanks Bo. This was a valuable exercise for a couple reasons. One is that it shows that intraday trades don't always happen in one day. It's easy to think that if you are trading the intraday fibs, then you should complete a trade one way or the ...

Fibonacci Trading with Bobokus

Ok, here's my stab at the exercise. In the first chart, we see where I've drawn my intraday fibs for trading on the 17 of Aug. On the 17th, we see T2 hit to the short side one last time and then the levels hold. On the second chart, the intraday ...

Fibonacci Trading with Bobokus

I think this would definitely be worthwhile. Bruce

Trading Workshop Possibility - Skunny & Bobokus

Okay, let me take a whack at the current GBP/USD. The attached chart is the hourly with the daily upmove, downmove and retracement fibs drawn. Since the retracement fibs did not hold we should be continuing the down move. The upmove pivot has been ...

Fibonacci Trading with Bobokus

Hi Bo, In regards to the last series of posts, you said that as the price fell and broke the fib levels of the up move fibs, you adjusted your up move fibs back in time to keep the current price above the fib levels. At what point would you consider ...

Fibonacci Trading with Bobokus

And where are you getting the information on buyers and sellers?

Indicator Free Trading - Skunny

No, he's talking about a entry stop order. That's different from a limit order. With an entry stop order, you expect the price to come to your order price and continue on in the same direction. For long orders, the entry stop must be placed above ...

The Holy Grail - Found

Hmm, anyone else thinking of champagne when looking at that chart?

Indicator Free Trading - Skunny

Gann Lines — Hi Skunny, Are you using the MT4 Gann line tool for drawing your Gann lines? It's designed to draw a 45 deg angle, but has adjustable scale which is necessary in forex. Gann said the lines should be drawn at 45 degree angles ...

Indicator Free Trading - Skunny

Level Stop Reverse version 2 is close — I'm putting the final touches on the MT4-LevelStopReverse version 2. That version adds sound/email alerts when the indicator reverses. I'm just trying to work out a small bug with the alerting and it ...

My MT4 indicators for Auslanco's strategy

I see what you are saying now, but I don't think it's any problem with the indicator, I just think that's how the momentum(1) works. Since it's just comparing the previous bar to the current bar, it never seems to be able to stray very far from the ...

My MT4 indicators for Auslanco's strategy