As I'm writing, the reversal is going against me. While I too appreciated the long candle theory, it's somewhat difficult to identify until the candle actually closes. Might not be bad for making a determination for entering a trade but proves a bit ...

Fibonacci Trading with Bobokus

Aloha Thelegace, I had set a short stop below the 0200 on cable. It was picked-up on the 0400 candle. My thinking was that if price could break resistance short and fall below previous lows, intraday T! should be in play. As you can now see, the ...

Fibonacci Trading with Bobokus

Aloha Bo, This may seem like a lame question but when you refer to placing support and resistance fibs on the larger time frames, i.e. 4hr, we are speaking of the same fib levels as used for intraday, swing etc. 38.2 50.0 61.8 and so on. I assume ...

Fibonacci Trading with Bobokus

Fibs levels — Bo, could you plz post your fibs on GU/EU going into Friday. Thanks

Fibonacci Trading with Bobokus

Looks like the break of the retracement short proved worthy. Took profit at Swing t1 which lined up nicely with retracement low. Bo, I am still hesitant in targeting lower/higher levels. I guess it's the extra pressure price needs to break the High ...

Fibonacci Trading with Bobokus

Eu Short — I entered short on the close/open of the 0100 and 0200 respectively. I pulled the plug on that one at retracement low. I had taken the previous short break too, (Wed 2200) but missed the retrace down to what is now intraday low but ...

Fibonacci Trading with Bobokus

Thanks for the reply Bo, and thanks for putting this thread together. I'm presently on page 100 something and am learning new things on every page. The only problem is that it's like reading the "Da Vinci Code", I can't stop. Aloha

Fibonacci Trading with Bobokus

Fiber — Does anyone have an opinion on the retracement and subsequent break of downtrend low on fiber. I entered short at the break 3234 but am wondering if scalping is in order or if I should set my goals higher? BTW how do you attach a ...

Fibonacci Trading with Bobokus

Thanks Shermenator. Seeing you fibs made things clearer for me. I was under the false impression that intraday fibs were exactly that, the prior day. I however, now realize that since the move up on Thurs was not retraced on Fri. it would be best ...

Fibonacci Trading with Bobokus

I realize that as the price continues to drop, as in this case, the swing or retracement fib should be pulled to the next successive low and its respective t1/t2 high is the area where price the potential to retrace. I guess I was looking for a ...

Fibonacci Trading with Bobokus

That's where I had mine as well. Using the 4h seemed to be the only fib to use to base a short entry decision. I did enter at 1.4397 and pulled the plug on the swing fib retracement t1 level. What other factors, if any, do you use to determine your ...

Fibonacci Trading with Bobokus

Aloha, Where do you guyz have your 4h fib drawn. I'm trying to figure out if it would be wise to go shot on EU at around support failure of 1.4420. Looking back, it would have been good since it's now at 1.4385 but just trying to learn about entry. ...

Fibonacci Trading with Bobokus

Which pair is fiber?

Fibonacci Trading with Bobokus

I too went short on GU at open of 0100. Now just trying to decide where to TP. T1 looks a loooong ways away. Thoughts? Got out at retracement of previouse 30min candle t2.

Fibonacci Trading with Bobokus

The resistance levels you pulled came from the high of Monday. Would those be similar to the intermediate fibs and or the range fibs placed earlier? I guess my question is: Are resistance fibs pulled at any particular time frame, i.e. the beginning ...

Fibonacci Trading with Bobokus

Took the long — Aloha, I too took a position in EU today (demo) but it was the opposite of TheLegace; I went long on the open of the 0700 candle. Bo, was my reasoning incorrect? I saw that the intraday long had been broken, a new high was made ...

Fibonacci Trading with Bobokus