September 18, 2016 at 6:12 am #76014
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You are welcome, Ben!
Let’s keep working on our future 🙂September 18, 2016 at 7:02 am #76016
I will doing my best Jordi 😉September 18, 2016 at 7:20 am #76017
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Hi Charles, good luck.September 26, 2016 at 7:37 pm #76600
Headed into the week looking good. Thought id share to inspire some of the new guys. I never traded before in my life up until a year ago. I have had no training other than chris kamal and the guys from the from the forum.September 26, 2016 at 7:40 pm #76602
Headed into the week looking good. Thought id share to inspire some of the new guys. I never traded before in my life up until a year ago. I have had no training other than chris kamal and the guys from the from the forum.September 27, 2016 at 1:01 am #76614
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Congratulations, man! You are on the right way 😉September 27, 2016 at 1:17 am #76615
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wow !! that’s a nice work !! keeping forward !! congratulations!!September 27, 2016 at 2:12 am #76621
Thanks guys..September 27, 2016 at 3:23 am #76623
it is really a pleasure read about your success. Magnificent workSeptember 27, 2016 at 7:58 am #76641
that’s one great work Charles, very happy for the advance you are making and a big motivation to all.
we need from all there great work to show it’s possible here in this great site.September 27, 2016 at 11:51 am #76671
Thanks again guys! I have been profitable for the first time a cpl of months in as row. It seems i am finally maturing a little lol I have been here long enough to be profitable thats for sure. You guys make me want to make you proud and i have learned alot from all of you, lets finish this year strong. Thanks for all your help and time you spend helping the community!September 27, 2016 at 12:33 pm #76676
Jacob Tebogo SongoanaSpectator
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Great work Charles it really motivates. Wish you more profitable tradesSeptember 27, 2016 at 2:39 pm #76680
Sounds promising. Can anyone send links where is Raj’s ribbon system and Raj’s fibs system described? And should they be combined or used separately? 🙂September 27, 2016 at 2:59 pm #76683
Thanks again guys! I have been profitable for the first time a cpl of months in as row. It seems i am finally maturing a little lol I have been here long enough to be profitable thats for sure. You guys make me want to make you proud and i have learned alot from all of you, lets finish this year strong. Thanks for all your help and time you spend helping the community!
I told you Charles from the begining you will make it.
I have never hear from you any doubt, I have always hear all positive thing,and strong faith. It is the most important thing if you want to be succesfull.
Good luck my friend, and keep it goingSeptember 27, 2016 at 11:03 pm #76761
Thanks brother Ben it means alot coming from a guy of your character and caliber. You were a huge influence in getting back into training and getting more serious about demo trading and studying. You passion and determination are very contagious. I know i have told you many times but thanks again for all you do on the site, it has an impact for the good. ttylSeptember 27, 2016 at 11:27 pm #76765
Here is a recent loss on the lower time frame one hour. The ribbon system is what drew my attention to the trade then the fibs seemed to agree as well. Can anyone tell me why this trade was a bad idea?
This is a fun test to keep you sharp….September 27, 2016 at 11:49 pm #76768
I will tell you from my point of view.
The price is above too strong suport level, at the lowest point ever, and it is formed too strong long trade setup,but the bollinger bands are far appart,and bullish candle have an upper shadow.All that means the bears are still strong and they will probably tested support line,and they are. Your trade setup wasn’t bad but your SL should be widerSeptember 28, 2016 at 12:29 am #76776
I see its good and it’s working, and TP should be triggered by now!? you are doing fine man.
just one thing at your fibo 0.0% level the (AB) leg only one bearish candle to the right, where I remmber from Raj we must see two bearish candles lower than each other to conform the AB leg; correct me if I am wrong please.September 28, 2016 at 12:44 am #76781
Ha! You guys are amazing! I will ad we should stay away from the lower time frames and focus on one system at a time.
Great answers guys very impressive. I’ll try to do this with the trades that fail. TtylSeptember 28, 2016 at 5:38 am #76859
Sounds promising. Can anyone send links where is Raj’s ribbon system and Raj’s fibs system described? And should they be combined or used separately?
here is the links:
for fibo swing system
for the ribbon system:
you can combine, we do that a lot, best wishesSeptember 28, 2016 at 9:04 am #76880
Thank you Moaied, 🙂
Ribbo system seems to be easier than Fibo. Is it essential that 1) candle breaks the ribbonand then 2) two moving averages cross each other or it can be alos vice versa – 1) two moving averages cross each other then 2) candle breaks the ribbonand?
And do you use Fibbo only in following trend or also in for reversals/swing trades?
Thanks 😉September 28, 2016 at 10:40 am #76925
as long you are with the mane trend and you get a ribbon cross with spread, that will be your entry signal; for more examples and detail go over the first part of the ribbon topic that I sent you, it’s rich with great answers; and if you keep going in it you will see many trades that can help a lot.
as for fibo, lets say we have a fibo on a big trend, we can drew a small fibo to see the possible target if the price is making a retrace.
here is a example on Oil, please check the link:https://www.luckscout.com/forums/topic/oil-scenario/September 28, 2016 at 11:17 am #76930
Thanks Risk good to hear from you too brother.September 28, 2016 at 11:31 am #76931
Nice little profit from this fibs trade. I would have taken the trade earlier but the ribbons had not crossed yet, so i waited for another opportunity. The fibs and ribbons had me going in the right direction so i just needed a decent candle formation. It came with bullish confirmation after a doji right around the 786 level which has a 127 target. I placed the tp right under the 127 because it was even with a previous high i wanted a lil room encase it was rejected by that old level. It is always nice to set and forget a trade only to discover it has hit the target while you sleep. Does it get any better than that my friends i dont think so! Thanks for listening. Comment are welcomes as always. ttylSeptember 28, 2016 at 12:22 pm #76933
I use the fibs 101 system for buy and sell signals as well as targets and the ribbon system to enter the trade. It has been working very well so far…September 28, 2016 at 12:59 pm #76940
Ineradicable how the price responds to these levels.September 28, 2016 at 1:33 pm #76946
many thanks Charles, Fibonacci is a must in my trading.September 29, 2016 at 8:10 am #77016
Although Fibs seem to be very tempting they also seem to be very tricky.
Isn’t that Fibs are quite useless for target setting if the market is moving sideways? Because then it moves between 100 and 0.
And when the market is trending and you plot the Fibs how can you be sure that it’s really retracing (reacting to Fib level’s support/resistance) and not breaking throught it? I mean that it seems to be so simple on historical chart but not at all obvious on live chart.September 30, 2016 at 5:21 pm #77594
What your take on this Bollinger Band break out on the 4hr eruousd chart?
Seems strong except fr the upper wicks on the bull candles. The other negative i see is the fibs 618 signal from the day chart hast not been fulfilled.September 30, 2016 at 5:52 pm #77596
I agree it can be tricky however big you get GBE hang of it very profitable. I’m still learning by no means a master but I’ve been profitable in my demo account three months in a row using fibs 101. I’ve bee been unable to do that within the other system that I have tried. I think practicing is key. The fact that the Fibonacci sequence does using many other fields give me more confidence to use it and the currency Market. I also like it because it gives more signals which fits my training Style. I suppose it’s not for everybody but I seem to do well with it and the ribbon system used as entry and exit. Hope this helps. Talk to you laterOctober 3, 2016 at 3:29 am #77848
I’m glad for you! Trhree monts sounds really good!
So you basically enter based on Ribbon sys and with Fibs you set yout target?October 9, 2016 at 3:58 am #79969
I think one should pass om the current formation concerning the erousd day chart. The fibs 61.8 level has held, the pair is trapped in a triangle with support just below and the biggest negative is that it has been in a sideways market for a while now and i know Chris and kamal usually avoid sideways markets like the plague. That’s my take on the the situation. see yea next time.October 9, 2016 at 4:40 am #79974
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Thanks Charles, I agree with your view about EURUSD.
Good work you have done so far man and I can see your progress.Keep up the good work buddy.
Cheers 🙂October 9, 2016 at 6:29 am #79976
Thanks for the kinds words and long time no see old friend! You were one of the first i remember seeing when i first came to fxkeys a cpl years back, so you have a special place in my heart friend. It has been a very interesting journey so far would you agree? I am not quite there yet but i agree i have matured a bit since i first came to the site. I hope to become more active in the future. Nothing will stop me though, truly believe we all are finally in a real good position to become wealthy, in fact i write this from a bench on canal st. borrowing the power from one of the lucky stores who got there power turned on after the hurricane that tore our town apart. Anyway great to hear from you brother! Thanks again your complements mean alot and are very effective at keeping motivated.October 9, 2016 at 6:48 am #79977
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Be strong brother.From this unpleasant experience, try to find good viewpoints and some lessons.Keep your moral as high as possible so you can help others.
I wish fast recovery for yuu and your community.
Keep Believing 🙂October 9, 2016 at 5:16 pm #80006
Had a little time to try to post some of my trades and the first one i pulled up was a decent winner. I ended up closing it early and i cant remember why but I made a cpl hundred dollars on the trade. My thinking here was a retest of the ribbons there wasn’t a good retraces as far as the fibs.October 11, 2016 at 2:45 pm #80153
Im pretty sure someone has mentioned what is happening on the eruousd day chart but I wanted to play around with my brokers platform 🙂 so I thought i would share my chart and thoughts.
Seems the pair has broken out of the triangle it was trapped in, of course we have to wait until the 5pm est closing candle for the new guys around. We always trade what we see not what we think we might see. It has alot going for it so far, it would comply to the stochastic support breakout system taught here as you can see its pegged under 20lvl, macd has crossed to the down side, my favorite is that a series of candle have not been able to break the 61.8 fibs 101 level, this would give us a nice profit down to the 162 target and there does not appear to be much in the way for it to get there. Keep in mind i dont think this fits a 100% set up per our main system and i doubt Chris or kamal will be taking this trade if it manifest. This analysis is not complete though as well i am sure there are factors i have missed, however im also sure someone will fill in the blanks if there are any because we have a great group of very talented traders on this forum that are always eager to help. With that being said i turn it over to you my friends comment thought and analysis as always are most welcome. Thanks for letting me share. ttylOctober 11, 2016 at 2:56 pm #80155
Good analyze Charles,
I have also notice this break.Bearish candlestick is really strong,for now without lower shadow.The price is for now below weekly support line,but it is around middle band on monthly chart,so be careful
https://charts.mql5.com/12/784/eurusd-mn1-fxpro-financial-services.pngOctober 11, 2016 at 3:36 pm #80159
Thanks Ben I knew you would have had your eye on this pair and can always count on you for great advice. I notice the monthly in a bit of BB squeeze which is always interesting. I’ve already lost some money in demo trying to short the after a good win a cpl weeks ago so i think ill settle down and wait for something strong to happen. ttylOctober 11, 2016 at 3:45 pm #80165
You are welcome Charles,
I usually do not trade breakouts,but I do when candlestick break just a little support/resistance line, because I can set a tight SL,like in USDCHF last night.But now, the candlestick is too big, and the market is probably oversold, and your SL should be wider
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