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Fibs 101

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This topic contains 1,543 replies, has 59 voices, and was last updated by C c 1 week, 4 days ago.

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  • #34791
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Nice, well done Raj. It seem to be so effective, I want to learn more about it. 🙂
    The only rule you have to select an anchor leg is it must start and finish with a pivot point?
    You don’t wait a minimum retracement? As soon as you have 2 higher low in a down trend the leg is valid? It become invalid if a lower low is formed?
    Once formed, your anchor leg is valid until it reach 61.8% retracement and then you can start a new leg from the last retracement?
    Thanks Raj.

    #34802
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Hi, yes once we hit the D target based on the retracement, then the old point c becomes the A and point d once you get a high or low becomes the new b, then look for a retrace to a fib level, with a Cf, and repeat.

    Me personally, if I can find a few swings a week, that’s good enough for me….100 pips a few times a week is all I require.

    The markets fulfil mans every need, but not his greed.

    Cheers.

    #34806
    Haikal Sedayo
    Haikal Sedayo
    Spectator
    • Topics: 0
    • Replies: 1

    I will treasure the last sentence 🙂
    Thank for example Raj, I’m enjoying them. Please keep it up.

    #34837
    Sebastian Brandt
    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 415

    Thank you very much Raj for all your efforts and explanations here, much appreciated 🙂
    Your fib system seems to work very well and I’ll practice it more and more in the coming months.

    #34849
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 575

    Thank you Raj, keep sending examples from time to time so we can compere our work with yours.

    #34857
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Hi, yes once we hit the D target based on the retracement, then the old point c becomes the A and point d once you get a high or low becomes the new b, then look for a retrace to a fib level, with a Cf, and repeat.

    Me personally, if I can find a few swings a week, that’s good enough for me….100 pips a few times a week is all I require.

    The markets fulfil mans every need, but not his greed.

    Cheers.

    Thank you for your time and effort Raj. Really appreciated. Please, continue to post your findings it helps a lot, 1 image worth 1000 words. 🙂

    #34888
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Cheers

    #34962
    Giorgi Megre
    giorgi megre
    Spectator
    • Topics: 0
    • Replies: 3

    Hello Raj
    I am watching this topic, read many times and back tested and it really works, practicing drawing fib and finally guessed how it works, but little confused with entry and SL. Wold you please once more in one replay (coz I jumping between pages 🙂 ) summarize as rules. For example: if retrace 86 than target is 118 and entry is …. and SL is .. so on, if it will not take too mach time.
    Thank you in advance

    #34978
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Hi Giorgi, the very first post in this thread has all that info…..check the chart picture….it has all the fib retraces with all the extensions.

    As far as where to put your stop, always behind a CF, or in the case of a 618 or deeper retrace, just below/above the 86 fib, but ideally below the high or low ie. point A.

    Entry rules: you can buy/sell 618, 786, 86 retraces without a CF as long as your
    stop is above/below point A (the high or low). 382 and 50, you need a CF because this type of retrace usually does not fit most equity management rules, as the market has the freedom to test deeper fib levels.

    Hope this helps

    #34980
    Himanshu Sahai
    Himanshu Sahai
    Spectator
    • Topics: 0
    • Replies: 10

    Hi Raj

    Confirmation means any candlestick pattern?

    #34991
    Himanshu Sahai
    Himanshu Sahai
    Spectator
    • Topics: 0
    • Replies: 10

    Hi Raj

    May you please share some of your positions on chart with sl or entry when retraced from 618,786,86?

    #35010
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Hi Himanshu, CF stands for Candle Formation.

    I’m going to show you how fib traders analyse the market. I’ve done analysis on eur/cad. It was in a major uptrend for two years, but on March 20th 2014 it started downtrending. We start our analysis from this point. The purpose of the analysis is to show where to enter the market according to the fibonacci sequence. In a downtrend we want to sell the retraces at fib levels. And we trade the swings. I have attached 5 swings that we’ve had on eur/cad so far. You can see that we want to sell point C in every swing, and once it reaches its target based on the retrace value, then point C becomes the new point A, and D becomes the new point B.

    So go in order – Ive labelled all charts according to swing number.

    Let me know if you have any questions.

    Attachments:
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    #35033
    Sebastian Brandt
    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 415

    Many thanks for the comprehensive explanations Raj, that’s very useful.

    #35034
    Marek Herde
    marek herde
    Spectator
    • Topics: 0
    • Replies: 20

    That’s a fantastic example. Thank you very much for this. I studied this attentively 🙂

    #35037
    Giorgi Megre
    giorgi megre
    Spectator
    • Topics: 0
    • Replies: 3

    Very clear thanks Raj

    #35104
    Ashok Pandey
    Ashok Pandey
    Spectator
    • Topics: 0
    • Replies: 2

    Hi Ashok, no Elliot wave doesn’t come into play with fibs. As far as where to start ABCD…well this explanation can get very complicated because it took me a long time to figure this out…..so let me put it into terms that you already know with respect to the BB strategy. When you get a daily CF , with BB breach, you can start your ABCD on 1hr, or 4hr chart then….basically it gives you optimal entry as the majority of time the daily CF will be tested.

    Then when point D is hit, you start your next swing….C becomes A, D becomnes B etc….see new swing for gbp/cad chart.

    Cheers

    Thank You Raj Ji, for explanation. You are our Fib specialist, please keep on posting..

    #35106
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    cheers guys

    #35124
    Azharul Islam
    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 63

    Hi Raj Vaid,
    From the beginning I studied all of your details explanation about Fib.
    Without questioning I learned clearly this system by watching all participants correspondence. Really you opened my another eye. That will be a nice future for my forex life.
    Thank you very much. Wish your live long.

    #35126
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 575

    thank you Raj for your effort

    #35133
    Azharul Islam
    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 63

    Raj, I shall set fib levels for usd/cad as an uptrend or downtrend. I am in confused. Please clear me.

    #35137
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Hi Azharul, weekly and monthly have been bullish, but at the moment daily is retracing, and I’ve been trading the down moves on daily. There is some daily support at 1.1940 that the market is struggling with.

    cheers

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    #35143
    Azharul Islam
    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 63

    Thank you Raj

    #35147
    Sebastian Brandt
    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 415

    Thanks again, nice example 🙂

    #35157
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Let me know if you have any questions.

    No question, crystal clear. Thank you for sharing. Please continue. 🙂

    #35164
    Azharul Islam
    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 63

    Raj,
    Will you please tell me, at this time which pair may follow for a setup in near time. Thanks in advance.

    #35183
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Hi, you can do fib analysis on any chart that is showing trend on any time frame.

    Some that i’ve been looking at are as follows.

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    #35194
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Hi Raj,
    I have noticed on your NZD JPY chart, point B is not a pivot point. The second candle to the right is lower low than the first right. So, my understanding is a little different now. In fact, you don’t use pivot point but rather 2 higher low than the middle candle, the second do not have to be higher low than the first right candle it only have to be higher low than the middle candle in a downtrend. Am I correct?
    Thank you for sharing your chart, one image worth 1000 words. 🙂

    #35200
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Yes Tj you are correct now, just higher than the centre candle.

    One more chart to keep an eye on is aud/nzd…it is resisting at MBB on monthly.

    Lets see if we get a good CF at a fib level for point C.

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    #35255
    Himanshu Sahai
    Himanshu Sahai
    Spectator
    • Topics: 0
    • Replies: 10

    Hi Raj

    Really appreciated.Great explanation.Now it is crystal clear.I have only one thing to ask is that what do you mean by this:C=382 bearish engulfing(long candle,so wait for retrace 50% or 61.8% of candle) on 1st Swing chart.Thanks for all your efforts.

    #35259
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Hi Himanshu, the bearish candle was very long….if you placed a trade immediately after the close, perhaps that was too much risk for your equity management. Whenever you have a long candle, you can place a pending order to buy/sell at half of the candle (the test of the candle). The only drawback is that sometimes you don’t get a test, and the market runs and you miss out on the trade.

    cheers

    #35262
    Himanshu Sahai
    Himanshu Sahai
    Spectator
    • Topics: 0
    • Replies: 10

    Ok.Once again thanks for all this.

    #35265
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Yes Tj you are correct now, just higher than the centre candle.

    One more chart to keep an eye on is aud/nzd…it is resisting at MBB on monthly.

    Lets see if we get a good CF at a fib level for point C.

    Thank you for all this Raj, you are so generous.

    Ho, we are Friday don’t forget the candy. 🙂

    #35320
    Azharul Islam
    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 63

    Raj,
    I am sorry to late response due to my engagement in personal work. However, in reply, you post many screenshot for recent position. I have no language how to honor you for your open kindness. Thanks again.

    #35327
    Sebastian Brandt
    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 415

    Same for me, thanks very much again Raj. I learned very much about fibs this week thanks to your posting. Keep up the good work 🙂

    #35360
    Ivo R
    Ivo R
    Spectator
    • Topics: 0
    • Replies: 7

    And me,

    I was quite away for this few days but now I have catched up to the thread, great stuff Raj with great examples to work on, and for calling me out on the center candles.

    Raj I wanted to ask you about AUD pairs AUD/CAD, AUD/JPY, AUD/USD. Monthly seems to be bullish and if an uptrend is forming do you think we could draw the fibs in the following way (I know no center candle yet, but if it’s an uptrend it might retrace).

    Or do you think they are still in strong downtrands and we should be waiting for retracements of the downtrend at the 682 level ?

    I’v atached couple charts, no center candles but look like they may form and retrace.

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    #35367
    Ivo R
    Ivo R
    Spectator
    • Topics: 0
    • Replies: 7

    Super long post, sory about that everyone. This are the graphs with the bigger picture of the same pairs were we can see the downtrend.

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    #35371
    A U
    A U
    Spectator
    • Topics: 0
    • Replies: 20

    Thanks Raj! You have strengthened my understanding of fib and my use of it is getting real established.

    Please will you elaborate more on the screen shot you posted on the 15 May 2015? I mean the connectivity between the two fibs drawn on the chart.

    Regards and more grace to you!

    #35385
    Raj Vaid
    Raj Vaid
    Participant
    • Topics: 2
    • Replies: 523

    Thankyou all for the kind words.

    Ivo, I will try to give full fib analysis on the pairs you mentioned by monday.

    Ambrose, also give me a day to respond.

    Cheers

    #35435
    Ivo R
    Ivo R
    Spectator
    • Topics: 0
    • Replies: 7

    Hey Raj,

    Thank you so much for doing it. I think I ploted the levels correctly but on second look the big picture ones look quite bad. I’m sory for that Raj 🙁

    Still, my main doubt on those pairs is the dilema I somehwat tried to put in fib levels. Should I go short on the long downtrend levels and assume a retrace. Or should I assume an uptrend with possible retraces comming soon based on cad monthly bullish candles 🙁

    The life of a novice trader is not easy, so many doubts 🙁

    #35527
    Frank Grof
    Frank Grof
    Spectator
    • Topics: 0
    • Replies: 9

    Hi folks. I would like to get an advice from experienced trader (traders). I added some pictures where I tried to plot a Fibonaci lines on the chart. Please can you judge them, whether I plotted fibo lines in a correct way?
    Thank you.

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