This thread is for students from Skunny's Thread who wish to walk the fibs on 5 min and 15 min charts of USDJPY, GBPJPY and GBPUSD.
I will be using a simplified fib tool that has been called IFibs and will keep updated active charts throughout the European Session and hope that the others that join me will update the US and Asian Session.
For those that are not familiar with Skunny's thread - here's the link:
http://www.forexfactory.com/showthread.php?t=60272 and also Bobokus's Thread from which compliments Skunny's:
http://www.forexfactory.com/showthread.php?t=50767
Thanks to both for their hard work and for sharing with all of us here in FF.
All the answers about this methodogy are found in those threads, so please do your homework before asking basic questions - and lets also please keep negative posts and ones about other ideas off the thread - thanks.
So lets continue our journey and hope that we might catch sight of the Moley Quail.....
Islander.
Edit:Three months on and I realise that I made some incorrect assumptions and that it is more accurate to say that Bobokus is the Master Teacher - and a VERY experienced trader. Skunny learned from Bo as his "pupil" and has his own cryptic ideas.
The ideas in this thread owe far more to Bo than Skunny - plus some ideas of my own.
Aptil 2009 I'm posting here again - although now mainly on GBPUSD - aka cable. Also, I've added the Sweet Spots - aka physc levels - and also daily pivots as this is the way I now trade. The indicator window is NOT an indicator - its Volume - the vital part of trading that few know about or use - check here if you want more info: http://www.forexfactory.com/showthread.php?t=157629
I will be using a simplified fib tool that has been called IFibs and will keep updated active charts throughout the European Session and hope that the others that join me will update the US and Asian Session.
For those that are not familiar with Skunny's thread - here's the link:
http://www.forexfactory.com/showthread.php?t=60272 and also Bobokus's Thread from which compliments Skunny's:
http://www.forexfactory.com/showthread.php?t=50767
Thanks to both for their hard work and for sharing with all of us here in FF.
All the answers about this methodogy are found in those threads, so please do your homework before asking basic questions - and lets also please keep negative posts and ones about other ideas off the thread - thanks.
So lets continue our journey and hope that we might catch sight of the Moley Quail.....
Islander.
Edit:Three months on and I realise that I made some incorrect assumptions and that it is more accurate to say that Bobokus is the Master Teacher - and a VERY experienced trader. Skunny learned from Bo as his "pupil" and has his own cryptic ideas.
The ideas in this thread owe far more to Bo than Skunny - plus some ideas of my own.
Aptil 2009 I'm posting here again - although now mainly on GBPUSD - aka cable. Also, I've added the Sweet Spots - aka physc levels - and also daily pivots as this is the way I now trade. The indicator window is NOT an indicator - its Volume - the vital part of trading that few know about or use - check here if you want more info: http://www.forexfactory.com/showthread.php?t=157629
Trading Levels with WRBs