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- alex12 replied Oct 25, 2008
I think you have spotted the main source of your problem which is not using stop loss. As Bo mentions he does not use stop loss most of the time but he knows what he is doing ,he has surely a mental stop loss and he knows when to exit so that he ...
Fibonacci Trading with Bobokus
- alex12 replied Oct 24, 2008
Just heard on the news ,so much drop of pound in a day has not been seen for the last 37 years. I managed to get some chunk of it as hopefully everyone else. That should be enough for the day ,it is friday too.
Fibonacci Trading with Bobokus
- alex12 replied Oct 21, 2008
Thanks Bo . I made 200 pips today as everyone else who follows your system and I am very grateful that you have turned on the light for us which is getting brighter as we study and learn more about your system.
Fibonacci Trading with Bobokus
- alex12 replied Oct 21, 2008
Bo. We are reaching the T1 of the retracement on daily chartGpb/Usd). Shall we move the down trend fib to the lowest point to bring the resistance down and should we remove the retracement fib and wait for a new retracement ? Is there anything else ...
Fibonacci Trading with Bobokus
- alex12 replied Oct 16, 2008
Shermantor. Your charts from different currencies with your pending trades and triggered ones are very brave and educational even if most of us can not manage more than one currency . It helps us to understand and apply Bo's system to the other ...
Fibonacci Trading with Bobokus
- alex12 replied Oct 14, 2008
Thanks Bo , I think I have got a more clear picture of the movements during the last couple of days now.
Fibonacci Trading with Bobokus
- alex12 replied Oct 14, 2008
Thanks Bo. So if that is the case, there would not have been any trading opportunity on Gbp/usd yesterday or today as they did not retrace to the intraday fib unless we had taken the break of intraday high. Is that correct? My other question is , as ...
Fibonacci Trading with Bobokus
- alex12 replied Oct 14, 2008
One question regarding the short entry on Eur/ usd. Your entry is based on the failure/rejection of intraday high . It seems that your entry is based on price action on that area. Shouldn't we normally wait for a swing to form first and then observe ...
Fibonacci Trading with Bobokus
- alex12 replied Oct 14, 2008
Thanks .It makes sense now with your excellent explanation.
Fibonacci Trading with Bobokus
- alex12 replied Oct 14, 2008
Thanks for clarification. Why didn't you enter short a few candles before when a candle broke the intraday short and closed below it.?
Fibonacci Trading with Bobokus
- alex12 replied Oct 14, 2008
So , you did not wait for the break of intraday short to enter as Bo would probably do . Would you please clarify if you are following the same rules as Bo's or you have modified it .
Fibonacci Trading with Bobokus
- alex12 replied Oct 10, 2008
Shemantor. With Resistance Fib on your chart ,do you mean the downtrend Fib?
Fibonacci Trading with Bobokus
- alex12 replied Oct 2, 2008
Bob. When a move is strong and does not retrace to the intraday fib levels ,do you usually trade the break of the low or high ? If yes, how do you trade it ? Do you use stop orders ,if yes how many pips above or below the high or low? As I have ...
Fibonacci Trading with Bobokus
- alex12 replied Sep 21, 2008
Of course ,I agree with you that I might not be as successful as Bob even if I learn his system. As Bob always mentions you can teach many people to play piano but not many of them will really be good at it .But I would like to know the prospects if ...
Fibonacci Trading with Bobokus
- alex12 replied Sep 21, 2008
Bob. My question might not be relevant in this thread but I have to ask you. I have got a professinal job and make a good and decent living of it but the truth is that i hate my job . Since I have become familiar with trading nearly a year ago I ...
Fibonacci Trading with Bobokus
- alex12 replied Sep 12, 2008
Thanks Bob. I will definitely "stop trading the retracements during intraday ".
Fibonacci Trading with Bobokus
- alex12 replied Sep 12, 2008
Bob. I did not follow your strategy today and was punished as a result. As I missed the initial move I thought I will wait until the move gets exhausted and I take the retracement (especially because daily trend is down too) and when I felt that the ...
Fibonacci Trading with Bobokus
- alex12 replied Sep 11, 2008
Thanks for starting to share your thoughts behind your trades. As Bob mentioned you are very quick at picking up his system and apply it succesfully. Probably your previous study of naked price has helped you to have a good foundation to learn Bob's ...
Fibonacci Trading with Bobokus