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Fibonacci Futures Trading Strategies
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Fibonacci Futures Trading Strategies

  #1 (permalink)
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Fibonacci Futures Trading Strategies

I really hope this thread help someone as it will help me! and when i say that will help me itīs because the most you write, talk, share your own strategy the more familiar you become with it, the more you know it and it will be a mechanical process, this with an strong money management discipline will take me to the profitable side, that we all need and want.

that being said.

My strategy will remain simple.

THE TOOLS

- Fibonacci retracement
- Fibonacci Extension
- MACDBBLines
- Support and resistance lines (manually drawn)
- Opening range (5 Minute)

This will not fill my chart of indicators and i prefer to keep it that way.

THE RULES

As the good man said "live by the rules", i will keep this rules no matter what!!

1. Look for the MACRO TONE of the market, is this up or down?
2. Wait the market Open; wait the first five minutes to see the Opening range.
3. Wait at least 20 minutes after market open, this will help you spot the swing high and low of this period and this will be used to draw the Fibonacci retracement and extensions.
4. Look for any confluence and support/resistance, pivots or institutional levels.
5. Your candle patterns will be Doji, Hammer and spinning top ONLY!
6. Look for price reversals at the 50%, 61.80% and 78.6% ONLY! Your favorite will be 61.8% (the Mean)

THE STRATEGY

The strategy is simple:

Buy/sell when price reverses to the 61.8 fib level. i will use 3 levels only and this will produce a BUY/SELL ZONE,
this number will be 50%,61.8% and 78.6% is price go beyond this level I WILL NOT TAKE THE TRADE.

The range will be dictated by the first 5 minutes after Market Open, but i will WAIT at least 20 Minutes in order to identify the swing high and low.

I will draw my fibs from using this swings.

the strategy will get clear as the time and examples goes and show themselves.

i will post every possible chart to explain the strategy.

THE CHARTS

I will use a 233 ticks chart for my day trading, and occasionally to draw my levels i will use a 240 minute, weekly monthly.

I will trade, Crude Oil (CL), 6E, 6A, 6B, 6C, TF, GC, and probably ZB.

Best regards


Letīs make money!!


JDNeeman.

J Dennis Neeman.
Learning..always learning...
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  #3 (permalink)
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BUY TRADE EXAMPLE FIBO TRADING


well i wanted to post this as the first example, this is a buy trade.

Cheers.

JD

J Dennis Neeman.
Learning..always learning...
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JDNeeman View Post
well i wanted to post this as the first example, this is a buy trade.

Cheers.

JD

Looking forward to your journal. We trade similarly.

My entry would have been at the First Green BB where your arrow is pointing to the MACDBB in the lower panel.

Never much looked at the 240M Chart, but the 100% Extension on the GC was like a magnet!

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Last edited by plethora; January 8th, 2013 at 04:47 AM.
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Fib trading Jan 8th

Possible trade coming in the CL-

JD-

J Dennis Neeman.
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Crude Oil Weekly Levels

Hello, i wanted to share my weekly levels for CL, using Fibos...

CHeers.

JD.

J Dennis Neeman.
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JD,

Could you describe how you use the MACDBB? Also, what do you think about using a symmetry projection a la Fibonacci queen as part of your setup?

D

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Trades

Nice trading JD. Looks simple enough to understand. Very interesting.
Thanks for sharing your method with us.

Thanks
Hector

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Hello @David_R

regarding the MACDBB Lines, this one works around the zero line, the trades come when the zero line is rejected, crossed down or crossed up, this indicators works as a confirmation of the trade or the intention of the market, it can be used in combination with stochastic to measure momentum or standalone.

About Symmetry it works just perfect!!, this is easy, you draw the first impulse, the one you used to draw the fibonacci levels and copy the line and place it from the retracement up, this will give you the possible reach point of the price if the symmetry 1:1 is valid (80% of the time it is)..

when used correctly in combination of everything this is just a killer!!, as you can see in the image attached price found support at the WMA 200 line, stochastic supported the upside move (it was oversold), MACDBBLInes zero line was rejected, price rejected the 50% retracement: RESULT: A WINNER!! 100%

Well i hope this helps a bit.

Cheers.


JD


David_R View Post
JD,

Could you describe how you use the MACDBB? Also, what do you think about using a symmetry projection a la Fibonacci queen as part of your setup?

D


J Dennis Neeman.
Learning..always learning...
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Fibonacci Futures Trading Strategies-cl-02-13-89-tick-16_01_2013-macdbblines.jpg   Fibonacci Futures Trading Strategies-cl-02-13-89-tick-16_01_2013-symmetry.jpg  
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s and r lines


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

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