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Project Spio Trading system & Journal -Deadly accurate
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Project Spio Trading system & Journal -Deadly accurate

  #61 (permalink)
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Hi Nasdin94, Just wondering if you have tried this on the ES or YM or TF at all.

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  #62 (permalink)
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kbit View Post
Hi Nasdin94, Just wondering if you have tried this on the ES or YM or TF at all.

Hi, Kbit,

I've mainly being using this method for currencies.
But I've tried my fibonacci methodology on commodities, currencies and also the ES.

The fibonacci method of drawing works,
I'm not sure about the multiwaves and the fibopivot indicators though, have not tried them on the ES YM or TF.

nas.

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  #63 (permalink)
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I spent a little time and came up with some #s with a setup similar to yours for the TF....just curious to see how they play out
707, 714, 726, 738, 744
There are some more but those looked like they have more significance.

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  #64 (permalink)
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kbit View Post
I spent a little time and came up with some #s with a setup similar to yours for the TF....just curious to see how they play out
707, 714, 726, 738, 744
There are some more but those looked like they have more significance.

I'm sorry but
I have no idea what those are supposed to mean.

Could you post a screenshot for me please?
Thank you so much.

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  #65 (permalink)
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Nasdin94 View Post
I'm sorry but
I have no idea what those are supposed to mean.

Could you post a screenshot for me please?
Thank you so much.

They are numbers that should act as support/resistance...just put a line on a chart on those numbers and see how price reacts around them. They come from a method similar (not identical) to yours only this is even more forward lookiing than yours.

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  #66 (permalink)
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kbit View Post
They are numbers that should act as support/resistance...just put a line on a chart on those numbers and see how price reacts around them. They come from a method similar (not identical) to yours only this is even more forward lookiing than yours.

These numbers are.. values.. or fibonacci ratios?

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  #67 (permalink)
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Nasdin94 View Post
These numbers are.. values.. or fibonacci ratios?

All based on fib stuff like yours...there are a few different ways to figure the numbers. I'll get into details later, to lazy to explain right now

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  #68 (permalink)
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kbit View Post
All based on fib stuff like yours...there are a few different ways to figure the numbers. I'll get into details later, to lazy to explain right now


Okay, thanks for the info.
70.7 seems to work well.

But the ratios are too closely packed together.
Unless..the matter involves going into a much higher timeframe and drawing out the fib retracement there and therefore the values will bounce up and down these levels in the lower timeframe.
Just a thought.

Shall await for your explanation.

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  #69 (permalink)
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27/10/2011

GBP USD TRADE
I'm on fire
Exited with 10 pips when it hit my trail stop

USD Cad TRADE
A bit late by 7 pips here
Entered at that close instead of at the wick.
Nevermind, stop loss is 20 pips then.
Targetted profit target: 80 pips. @ 1.0167
Exited with 11 pips, hit my trail stop.

EUR USD TRADE
This is just an update of my morning trade (+8gmt offset here)
I exited the NZD USD trade with 74 pips profit.

I exited the EUR USD trade before it retraced +40 pips
And now I've re-entered back into the pair.


EUR USD update:
Currently at 107 pips profit.
Getting close to my TP and also the area where I would place my sell.

Attached Thumbnails
Project Spio Trading system & Journal  -Deadly accurate-gbp-usd-27102011.gif   Project Spio Trading system & Journal  -Deadly accurate-usdcad-27102011.gif   Project Spio Trading system & Journal  -Deadly accurate-eur-usd-27102011pt2.gif  

Last edited by Nasdin94; October 26th, 2011 at 10:06 PM.
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  #70 (permalink)
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The EUR USD trade exited with 420 pips profit.

Seems like its time to sell now.
However, I'm still buying on this, I foresee a stop running pattern coming along and so, I'm going to re-enter on a buy despite it being time to sell now.

This short buy will tp @ 1.42544, the area where the price action to sell came.
I think its probably going to pierce through the price action bar by a few pips just to take out the stops of other people before it continues going back down.

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