Macfibo system - Page 13
Page 13 of 165 FirstFirst ... 3 11 12 13 14 15 23 63 113 ... LastLast
Results 121 to 130 of 1641
Like Tree149Likes

Thread: Macfibo system

  1. #121
    PingPong is offline Newbie
    Join Date
    Mar 2012
    Posts
    33
    Quote Originally Posted by sufiansaid View Post
    Your PT A is spot on, I would put my PT B two candles before your PT B.

    In some of your first post you state that you start trending during the Asian-Sydney session to open position in the London session, am I right ?

    My trading time is between Asian (you can say Asian-Sydney) open until London Close (12-1AM Singapore/Brunei Time). I don't take any signal in the second half of US session.
    I get easily confused with all the time zones hehehe... in terms of GMT, what is the best time to trade EURUSD?

    TIA

  2. #122
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    672
    Quote Originally Posted by PingPong View Post
    Yes, same thing happened to me yesterday!

    Got to have more conviction, and be brave enough to hold on
    Hello PingPong and Vessel18,

    If I may, perhaps you put the fixed SL at 50% (this would give more or less 1.25 : 1 RR ratio)? Or 38.2% (1:1 RR Ratio) to give more room for the trade to develop? Ofcourse this might not suit your different personalities, I for one, only put fixed SL when there is a big news coming up (provided if I am in a trade already, holding a profit or loss). But then again, you both traded GBPUSD right, which I can't exactly comment thoroughly as I never tested it religiously (only logged it 120 trades), perhaps SL should be wider..

    Let me suggest if i may, you can dismiss it ofcourse, just use the simple exiting system based on the guideline.. 5ema and 8sma exit.

  3. #123
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    672
    Quote Originally Posted by PingPong View Post
    I get easily confused with all the time zones hehehe... in terms of GMT, what is the best time to trade EURUSD?

    TIA
    You know what.. I hear you. I get it confused ALL THE TIME. Well.. statistically, the most profitable signals occurs during the London-US session (lasted few hours) but very few signals comes. London and London+US sessions are the best time. but be wary of big news during those time!

  4. #124
    littlemay is offline Newbie
    Join Date
    Oct 2011
    Posts
    80
    Quote Originally Posted by sufiansaid View Post
    You know what.. I hear you. I get it confused ALL THE TIME. Well.. statistically, the most profitable signals occurs during the London-US session (lasted few hours) but very few signals comes. London and London+US sessions are the best time. but be wary of big news during those time!
    what time does London ses open in GMT?

  5. #125
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    672
    I can only answer London open 4pm Singapore time.. I know that answer doesn't help. Perhaps the following link could help you. I know, I might be a good-ish trader.. but im totally useless in terms of timezones... Forex Market Hours You should take note of DTS as well.

  6. #126
    Billionz is offline Newbie
    Join Date
    Mar 2012
    Posts
    24
    I just entered a buy signal on the Eur/Gbp I pray all goes well lol

  7. #127
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    672
    Quote Originally Posted by Billionz View Post
    I just entered a buy signal on the Eur/Gbp I pray all goes well lol
    Could you include charts buddy so everyone can see . Thanks a million.

  8. #128
    Billionz is offline Newbie
    Join Date
    Mar 2012
    Posts
    24

    Default ok

    I will next time but Im at work right now and I can't do it from the computer on my job. Sorry about that.

  9. #129
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    672
    MACFIBO EURUSD ANALYSIS 15/3/2012

    I anticipated a further drop towards 261.8 during the Asian-London session, but I preferred if price corrected itself and tested 20SMA first (ofcourse, if there was a strong buy signal, I'd 'invalidate' this mini correction entirely). It did actually that. The rejection 'warning' could be seen from the candlestick.. (read steve nison books, its awesome). Price went down from that rejection and completed a 261.8 Macfibo wave. yipee..



    I am anticipating on bullish trade today. Every impulsive wave will be followed by a corrective wave.. 161.8 recent support is just acting as a guide should intraday price action decides to correct itself (I take Macfibo buy as a confirmation of that action).

    tips : Just worth noting, H4 Macfibo hits 161.8 and D1 Macfibo has hit 127.2. Now H1, H4 and D1 are 'sitting' on potential exhaustion point. Only potential... let's look at the fundamentals for the rest of the week.

    Happy trading.

  10. #130
    Greg Jones is offline Senior Member
    Join Date
    Sep 2009
    Posts
    385
    I have been studying your strategy. I like it very much, however in reviewing you record of 44 trades I get a different
    winning percentage rate. I get a win rate of 68% rather than 53%. 30/44=.68

    Agree or disagree anyone?

Forum Sponsors
Page 13 of 165 FirstFirst ... 3 11 12 13 14 15 23 63 113 ... LastLast

Similar Threads

  1. Is A Futures/options Trading System Right For You?
    By geline in forum Free Forex Trading Systems
    Replies: 5
    Last Post: 05-14-2014, 03:25 AM
  2. Basic Trading System Components
    By churchille in forum Show me the money! [Swing Trading]
    Replies: 15
    Last Post: 05-05-2014, 07:41 AM
  3. Babypips`s so easy it`s rediculous system!
    By blackcotton in forum Newbie Island
    Replies: 16
    Last Post: 03-03-2012, 04:24 PM
  4. AbleSys Trading System
    By Runic in forum Show me the money! [Swing Trading]
    Replies: 1
    Last Post: 06-03-2006, 06:04 AM
  5. Basic Trading System Components
    By geline in forum Forextown
    Replies: 0
    Last Post: 05-26-2006, 01:30 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"If anything is worth trying at all, it's worth trying at least 10 times."
Art Linkletter