If your going to use a trendline learn look at it as something that is not going to interfere with your decesion making with the fibbs....since trendlines block people from not having a bias. Only use the obvious trendlines other people will trade ...

Fibonacci Trading with Bobokus

Nice way of trading ....always be aware of the trend direction of higher highs and lower lows...be patient and this system is great....

No Brainer Trades

Dont trade untill it gets clear

A,B,C,D - 1,2,3,4 System

The entry was when when the first bearish candles high broke...when you get a 61.8 brake in the 1 hour chart it could simply be a false brake in this timeframe. In larger timeframes this is the wick....also dont buy once price is moving up since you ...

Fibonacci Trading with Bobokus

USDJPY — Lets see how my usdjpy short plays out.... image

Fibonacci Trading with Bobokus

Made earlier pips ....now I have added a new buy stop above the currents candles high... image

Fibonacci Trading with Bobokus

Well in this trade I made 80 pips with 90 percent of the trade and have stop at break even in the other 10 percent...right now buyers have fear in the market and sellers have confidence ....this means any long I take is guarded with my life lol... ...

Fibonacci Trading with Bobokus

GBPUSD — My long is looking great image

Fibonacci Trading with Bobokus

Nope I am going the other way as of right now...

Fibonacci Trading with Bobokus

GBPUSD — Seems like today out of the eurusd and the gbpusd the currency that might give the better apportunity to trade back to our intraday levels is the gbpusd...sometimes you simply have to try and bett on the better horse... If you take a ...

Fibonacci Trading with Bobokus

Stay aside on trying to play the retracement ....the market has been given to many long wicks on both sides and it has not give enough signals to prove that it has found an establish point to start retracing...only trade the retracement when the ...

Fibonacci Trading with Bobokus

I dont fibb the 23.6 I only put the 38.2 , 50 , and 61.8

Fibonacci Trading with Bobokus

every level holds the same probabilty ....just watch price action at the levels and use your judgement

Fibonacci Trading with Bobokus

Lol hey as long as it works for you ...and as you said its making money its all good...and yea I dont do it on skype but I get together with a couple of friends and do it on skype...my skype is Jets211990....hit me up whenever you whant and like ...

Fibonacci Trading with Bobokus

Bud cool stuff...But I see that its what price is showing us....if we simply put a linnear regression channle like Bo tought us we still have the channel as well as see the direction of the market...I might be wrong since I am not experienced with ...

Fibonacci Trading with Bobokus

EURUSD — My current short image

Fibonacci Trading with Bobokus

I took the 1 with the green arrow based on the fact we had found support on the quick swing fibb.... the first arrow shows the agressive entry for me simply because of the time of the day ...if not I would of been all over it ...and the second entry ...

Fibonacci Trading with Bobokus

In my opinion theirs 2 ways of managing this trade....the first 1 is if you measure the first wave that in your picture broke the trednline and price bounced on the fibb levels but did not have enough strenght to reach for its targets showing a ...

Fibonacci Trading with Bobokus

GBPUSD — Today is a day that if price continues to drop or go sideways we might have a shoot at trading it back to our swing levels... image

Fibonacci Trading with Bobokus

I measured both swings....they are both valid...simply once swing breaks and then they all start applying bullish direction.....its like a scale we now have more bullish support levels at the moment....some fibbs that used to be resistance are now ...

Fibonacci Trading with Bobokus