If you are going to go long make sure your stop loss is out of the range of the market...

Fibonacci Trading with Bobokus

Yep when ever you see one of this crappy formations work you simply have to remember to yourself that this is probably one of the 3 out of 10 that would work if you always traded that type of candle meaning that in the long term you would go broke.

james16 Chart Thread

Mate that was a doji and indecesion candle to the sell off we had in the market but not a reversal candle...meaning it was not a high probabily and you want to get used to only the once that are high probabilty.

james16 Chart Thread

EURGBP — Here is the trade I took...when ever I take a trade in the crosses I am always looking at the majors..( I primerly just fibb my majors) Since I expected a sell off in the eurusd I got in the eurgbp short... image

Fibonacci Trading with Bobokus

EURUSD — Look at the time of the day your looking for a retracement to that sell off...meaning you want a great amount of traders to participate when the volume will decrease. By knowing this if you enter from a 1 hour chart your probability ...

Fibonacci Trading with Bobokus

When the market broke the intradays high for the first time and then failed to maintain ...at that moment the sentiment had changed ...look at the big sell off it had. From that point on your swing fibb actually became the most important fibb so you ...

Fibonacci Trading with Bobokus

Trade what you see mate

No Brainer Trades

EURGBP — One of my current trades just woke up everything is almost out of this one got about 70.... image

No Brainer Trades

EURCAD — Gave a candle but not a perfect one ...reason I wont be taking this is because of the size of the candle compare to the sell off we had over the previous days. What I see from this is that price may go up but it does not look good ...

james16 Chart Thread

Yep I agree...I would take it if it gave a bullish close ...

james16 Chart Thread

EURAUD — Wont take this trade long even if I get a perfect candle simply because theirs a risk that we might breakout since we are making a pennant and its a lower probability trade... image 4 hour chart... image

james16 Chart Thread

My bad mate I placed the arrow on the wrong candle lol

james16 Chart Thread

Yep it is an outside bar but the location is not so great . Its a bar that tells us price could fall but not strong enought for me to put my hard money in it... image

james16 Chart Thread

NZDUSD — If this thing closes like this I will sell it like no tomorrow...first line I will move to break even. Second line move stop up to protect profits and third line I win ... image

james16 Chart Thread

NzdUsd Looking like a good trade to look for...I am waiting for a better close untill then I wont take take it....I rather miss a good trade and then miss my capital... image

james16 Chart Thread

I see ...would this be a trade you would have taken with a smaller risk or simply steped aside and waited for a better bar...thanks Gus

james16 Chart Thread

NZDUSD — I closed at break even on this puppy...I will now go back in my cave and wait for the next best trade to come out... image

james16 Chart Thread

I have now moved my stop to break even ...simply because the slow reaction after the break of the candles low. Second its Monday and volume is still low ...so I rather get taken out at break even and look for a better trade when the market ...

james16 Chart Thread

CHFJPY — That was exactly why I did not short this pair like I mentioned earlier.... image

james16 Chart Thread

NZDUSD — If the pair falls about another 8 pips I will move to break even and teh trade becomes stress free. After that the market can moves as it wants... image

james16 Chart Thread