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Fibs 101

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This topic contains 1,328 replies, has 58 voices, and was last updated by  Aariff Kadar 2 hours, 36 minutes ago.

Viewing 20 posts - 41 through 60 (of 1,329 total)
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  • #34791

    TJ ‘
    Participant
    • Topics: 0
    • Replies: 83

    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
    Participant
    • Topics: 2
    • Replies: 481

    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
    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
    Participant
    • Topics: 0
    • Replies: 263

    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
    Participant
    • Topics: 1
    • Replies: 362

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

    #34857

    TJ ‘
    Participant
    • Topics: 0
    • Replies: 83

    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
    Participant
    • Topics: 2
    • Replies: 481

    Cheers

    #34962

    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
    Participant
    • Topics: 2
    • Replies: 481

    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
    Spectator
    • Topics: 0
    • Replies: 10

    Hi Raj

    Confirmation means any candlestick pattern?

    #34991

    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
    Participant
    • Topics: 2
    • Replies: 481

    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:
    You must be logged in to view attached files.
    #35033

    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 263

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

    #35034

    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
    Spectator
    • Topics: 0
    • Replies: 3

    Very clear thanks Raj

    #35104

    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
    Participant
    • Topics: 2
    • Replies: 481

    cheers guys

    #35124

    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 60

    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
    Participant
    • Topics: 1
    • Replies: 362

    thank you Raj for your effort

    #35133

    Azharul Islam
    Participant
    • Topics: 0
    • Replies: 60

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

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