Are you still in trade 12? — Hi Bo, Are you still in trade 12 - the short? You were debating whether to keep it open. Either way please let me let me know your reasoning. Thanks, Ian

Trading the Daily

Bo, what criteria did you use to take scalp so early? — Bo, What criteria did you use to take scalp so early? I don't see it as having bounced of any Fib lines up where you took it? Thanks, Ian

Fibonacci Trading with Bobokus

Weekly looks like it will be a Pin Bar to me — The weekly looks like it will be a bearish Pin Bar to me. Now this may be of no consequence if the big downspike was CB action. But if it was just due to the Citibank results (as claimed in the ...

Jacko's Forex House of Pleasure and Pain

What could trigger a turn in Eur/Usd - my take on it — Hi, Sorry that this is a little late, but I thought I would post my views on the article that JohnDoe provided. At present I am in a long trade and the only thing that scares me is the ...

Jacko's Forex House of Pleasure and Pain

Hey Bo, looks like cable has decided its going up — Bo, Are you still staying out, or planning to revert to the normal daily trade tomorrow?

Trading the Daily

Jest, there was big news - but not scheduled news — Hi , I heard that Bloomberg ran a report that 2 of the ECb members said they were concerned about inflation and might have to raise interest rates. I must admit that although this was several ...

Technical Analysis Fallacy

Just so you dont think I'm talking total Cr4p — Here is a 1hr chart of G/U. Lets us picture what it would look like in 4Hr starting at different times. Look at the low to which I have drawn my Fibs. Then you can see another low 3 bars to the ...

james16 Chart Thread

To Kaysole: Bar close time still can make a difference — Hi Kevin, Whilst it is true that bar open/close time makes less of a difference to PPZs than to bar/candle formation, it can still make a difference since you see PPZs based upon thethe ...

james16 Chart Thread

That looks better - but remember these are zones — Hi Krue, I hope you don'y mind me butting in and adding my 2c worth. Your new chart looks better, however you dont have the nearby daily PPZ on it which on my chart (IBFX - so may be slightly ...

james16 Chart Thread

Most likely long next — Thanks Bo, So at the moment long on a break of 19763 but ignore the short breaks? I notice the daily 5,3,3 stochastic is pretty flat at present, which is unusual. Ian

Trading the Daily

Wait this out? — Hi Bo, What do you mean by ' reset once the first opportunity arises' ? Do you just mean a new break of a D1 Low or High - in which case you should be back in again on a short (from 1.9658 ?)? Not sure about how much ...

Trading the Daily

Price level on Fibs — Hi Birdy, To put the price on Fib retrace,ment or Fib expansion levels, you : 1. Click on the Fib line to select it. 2). Left click and then select Expansion Properties (say) 3). Go to tab Fibo Levels 4. Edit the ...

Powerful Fib Based System - by DAZfx

You will already have one on your platform — Hi Getright, The Fib extension tool is not a special indicator, it is provided on almost all platforms and charting packages. If you are using Metatrader, it is on the tool bar. Th icon for it is ...

Powerful Fib Based System - by DAZfx

4hr Stochastic on 1hr Chart — OK, I have found out that the reason th MFT_Stoch didn't look like the 4Hr close/close. ChowClown is correct in that using 32,12,12 on a 1Hr chart gives a better approximation to 8,3,3 on a 4Hr chart than does ...

Powerful Fib Based System - by DAZfx

Stochastic - oops — Hi CC, I didn't look closely enough at this. It just matched the 8,3,3 on the 4Hr at that point in time. I see now that they don't match that often, neither does the 32,12,12 on the 1Hr although it is closer. I also tried ...

Powerful Fib Based System - by DAZfx

Update on U/Chf - stopped out, should have checked the 4Hr — My U/Chf trade is stopped out. Looking at it now, I see that it was really too long a swing to do on the 1Hr and should have been appraised on the 4Hr. Only on the 4hr , the Stoch ...

Powerful Fib Based System - by DAZfx

Thanks Naijafx, 2 questions — Hi Naijafx, Thanks for the heads-up. I have taken the U/Chf but based upon the next biggest swing, since th one in your post retraced too far. I have 2 questions : 1. The stochastic used in the Dazfx method, is it ...

Powerful Fib Based System - by DAZfx

Question about Sunday candles — Hi Bo, I am a little confused about your use of Sunday candles. Is it that you use them for setting opens of trades but not stoplosses? Otherwise, why is your open 5 pips below the Sunday low rather than the ...

Trading the Daily

Lusan I am curious, why bias short on G/U? — Hi Lusan, Why would you bias short on G/U ? Do you mean if the chart that David posted was a 5 min chart not a daily chart? When I look at a real 5min chart of G/U I can see a possible reason for ...

Technical Analysis Fallacy

I didn't - got confused — Hi Bo, I hope that you are in better health now. I didn't take the Daily trade (even though only paper trading the daily), because I got confused by your post about the sell stop in your Fibonacci Trading thread. That ...

Trading the Daily