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Fibonacci Futures Trading Strategies
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Created: by JDNeeman Attachments:26

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Fibonacci Futures Trading Strategies

  #11 (permalink)
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Hello @learning0101

This indicator is default in NT7 Platform it is called SWING, i attach twice the indicator and tweak the settings, remember that this is tested and working for 89 TICK CHART only, i havenīt tested this on other timeframe,

here you can see the settings.

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Cheers.

JD




learning0101 View Post
Hi @JDNeeman
Thanks for the thread
What is the indi you are using to draw these support and resistance lines?
Can you post it here?

Thanks in advance


J Dennis Neeman.
Learning..always learning...
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  #12 (permalink)
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Exceptional contribution, JDNeeman! Much appreciation.

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Last edited by plethora; January 16th, 2013 at 08:35 PM.
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  #13 (permalink)
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One more chart:

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and another seeing through the eyes of the Swing High on the 89 and confluence
at the 89% retracement on the 987and the top of the channel -- and then how
that entry resulted in the break of the bottom of the channel and tagged the
23% fib -- is amazing:

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Last edited by plethora; January 16th, 2013 at 11:36 PM.
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  #14 (permalink)
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Fibs

JD great trading. If I can ask, when you draw your fib lines in the morning, at which point do you start the beginning to the left. And at what point do you draw your top/bottom of fib line, as in time, when do you start looking for the top to draw the fib line. Also at what point do you know when to redraw a fib line if it continues to go up. The same thing if it goes against the direction of your fib line, another words what does price have to do in order to change your fib lines. On one of your charts I see you have a 38.2 fib line. Has this been added to your method from your initial post. Great thread by the way.

Thanks
Hector

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  #15 (permalink)
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Hector, in a downtrend you draw the fib down from the top left to bottom right from the most significant swing high to the most significant swing low; in an uptrend you draw the fib up from the bottom left to upper right from the most significant swing low to the swing high.

Check out some youtubes. It's simple yet powerful.

ETA: Here's a chart to explain:

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Hope I'm not hijacking your thread JD; it's too much fun.


Last edited by plethora; January 17th, 2013 at 12:06 AM.
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  #16 (permalink)
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fibs


plethora View Post
Hector, in a downtrend you draw the fib down from the top left to bottom right from the most significant swing high to the most significant swing low; in an uptrend you draw the fib up from the bottom left to upper right from the most significant swing low to the swing high.

Check out some youtubes. It's simple yet powerful.

Thanks Plethora.

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GC FIb analysis on entry

Hello,

I will be discussing how i use and where do i place my swing lows and highs to use the fib tool,
i just wanted to show you where i could have made my entries on GC (Gold).

i will try to answer the questions.

JD

J Dennis Neeman.
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Fibonacci Futures Trading Strategies-gc-02-13-89-tick-17_01_2013-trades.jpg  
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  #18 (permalink)
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JD, where are you tonight?

Mesmerized by your Swing Highs and Lows on the 89 today, I was reminded of the most recent TST interview with a funded trader who said that when he found "pivots" it was like a shining bright light went on in his head and totally transformed his trading.

I played a game to provide a definitive explanation of why each pivot was an entry for a long, short, or price would blow through it. The key was to first ignore the 89 chart and look for the setup on the HTF. But then when I knew what I was waiting for to unfold, those swings on the 89 acted as confirmation, entry, tight stop loss and generous target -- all at the extreme edge -- rolled into one. Plus, I didn't feel rushed like I was going to miss the trade as I characteristly feel because there were so many opportunities for the same entry so I didn't feel that I had to trade perfectly finding the entry.

Attached is what I was looking at.

A long winded way of saying thank you.

Attached Thumbnails
Fibonacci Futures Trading Strategies-cl.gif   Fibonacci Futures Trading Strategies-cl2.gif   Fibonacci Futures Trading Strategies-cl3.gif  
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  #19 (permalink)
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Great Job!! @plethora!!!...letīs make some ticks=Money!!!...

iīm glad you find some use of the swings!!...

Cheers.

JD.



plethora View Post
JD, where are you tonight?

Mesmerized by your Swing Highs and Lows on the 89 today, I was reminded of the most recent TST interview with a funded trader who said that when he found "pivots" it was like a shining bright light went on in his head and totally transformed his trading.

I played a game to provide a definitive explanation of why each pivot was an entry for a long, short, or price would blow through it. The key was to first ignore the 89 chart and look for the setup on the HTF. But then when I knew what I was waiting for to unfold, those swings on the 89 acted as confirmation, entry, tight stop loss and generous target -- all at the extreme edge -- rolled into one. Plus, I didn't feel rushed like I was going to miss the trade as I characteristly feel because there were so many opportunities for the same entry so I didn't feel that I had to trade perfectly finding the entry.

Attached is what I was looking at.

A long winded way of saying thank you.


J Dennis Neeman.
Learning..always learning...
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The following user says Thank You to JDNeeman for this post:
 
  #20 (permalink)
 Vendor 
El Salvador/Israel
 
Futures Experience: Intermediate
Platform: Ninjatrader 7
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Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 748 since Apr 2012
Thanks: 595 given, 3,023 received

Using Fib tool the JDNeemanīs way


Hello, @hector24

Sorry for the delay answering your question, i really think this is a community where we are to help improve our trading each other, so here is my humble opinion on how i use the Fib tools.

please see attached Pdf and images for further explanation on this topic.

Best Regards.

JD






hector24 View Post
JD great trading. If I can ask, when you draw your fib lines in the morning, at which point do you start the beginning to the left. And at what point do you draw your top/bottom of fib line, as in time, when do you start looking for the top to draw the fib line. Also at what point do you know when to redraw a fib line if it continues to go up. The same thing if it goes against the direction of your fib line, another words what does price have to do in order to change your fib lines. On one of your charts I see you have a 38.2 fib line. Has this been added to your method from your initial post. Great thread by the way.

Thanks
Hector


J Dennis Neeman.
Learning..always learning...
Attached Thumbnails
Fibonacci Futures Trading Strategies-gc-02-13-89-tick-18_01_2013-1-3.jpg   Fibonacci Futures Trading Strategies-gc-02-13-89-tick-18_01_2013-ii-1-3.jpg   Fibonacci Futures Trading Strategies-jdneeman-trading-rules.pdf  
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