Well we're still going down so far and I have been adjusting the Fibs and Fork accordingly..1.9790 looks like the next resistance..

Fibs and Forks

1.9836 done..1.9815 next? I hope so...the longer down this goes the more pips for the fork. Besides so far being short to create the base of the Fork has paid off many pips..Remember at each target I get out and only once it breaks through ...

Fibs and Forks

Target going further down would be 1.9836..we'll see..we follow the market~

Fibs and Forks

Targets met and some more...meanwhile looks like we might be bouncing of the 1.9861 ...maybe the start of the Fork~

Fibs and Forks

shengster image Member I tried trading Forks but was never consistent..now I trade along the line when the Fork is being shaped and trade in the other direction when the Fork goes into action..having added the Fibs has made all the difference..To ...

Fibs and Forks

First target met and it feels good~

Fibs and Forks

If price reaches first target i sell..then if it breaks through the target I will play it again aiming at the second target down~

Fibs and Forks

Second candle not real red yet..market coming close to end of session also~

Fibs and Forks

I'm being careful cause it might still want to do a quick bounce off 1.9977 ..I would definitly add more short on that bounce~

Fibs and Forks

I'm out of my long position and have started nibbling short~

Fibs and Forks

I'm playing the fibs long .....around 1.9977 (23.6) looks like the next resistance coming..I will play the fork short when I get my second red candle..doji being formed right now might be the tip off for change in direction:

Fibs and Forks

Fork broke through the 23.6 resistance..watching and adjusting:

Fibs and Forks

Fib 23.6 is the resistance~

Fibs and Forks

The 30 Min shows the second candle:

Fibs and Forks

Fork being constructed:

Fibs and Forks

Brrrrr!

Cable Update (GBPUSD)

Yeah I agree..reading this thread has been a great learning experience.

Fibonacci Trading with Bobokus

Here I got stopped out and got emotional so I didn't get back in when the price dropped back into play..yep just call me stupid.

Fibs and Forks

Here I played the second candle entry and got out when it got to the 38.2..when I saw the third candle open higher than the second's body I entered again and rode it to the 50..it went way higher than that and I cursed a whole bunch of times ...

Fibs and Forks

I don't know if I should post any more previous trades..let me know if you want more..next week can't be soon enough~

Fibs and Forks