Macfibo system

[johnnyfx91]

Sufian,

I've been comparing your trading record with the actual charts on H1, and I've noticed numerous inconsistencies. Is your PDF trading record a combination of H1 and H4? If so, you should indicate on the PDF which trades were H1 and H4 because many of your wins/losses do not match what I am seeing the H1 charts.

Thanks.

[LancerGJ]

Guys I have been reading some of the comments and decided to post mine:

I have tried a few trade systems but only since using MACFIBO have I started to gain pips. Drawing support and resistance lines, Fibonacci lines all help to make the trade very successful however

Last week was quite a difficult week in my opinion for trading the EURUSD on the 1HR and 4HR time fames
A lot of the news affected my trades but I still I broke even last week but gained a lot of experience with how the news and fundamental analysis affects the markets. I subscribe to a few newsletters to receive market update information which I try to read the night before or early in the morning - Believe me this does help

Before I trade I look at the economic calendars to see what data might affect the EURUSD prince.

As a rule of thumb I never take trades unless I see a setup about to happen but check to see if anything might affect the trade and if there is news I wait

The EURUSD gained me 27 pips just based on information that was released so from a newbie learning the system MACFIBO. Does work and FUNDAMENTAL ANALYSIS can have a major affect on any trade.

[CryAgony]

Guys I have been reading some of the comments and decided to post mine:

I have tried a few trade systems but only since using MACFIBO have I started to gain pips. Drawing support and resistance lines, Fibonacci lines all help to make the trade very successful however

Last week was quite a difficult week in my opinion for trading the EURUSD on the 1HR and 4HR time fames
A lot of the news affected my trades but I still I broke even last week but gained a lot of experience with how the news and fundamental analysis affects the markets. I subscribe to a few newsletters to receive market update information which I try to read the night before or early in the morning - Believe me this does help

Before I trade I look at the economic calendars to see what data might affect the EURUSD prince.

As a rule of thumb I never take trades unless I see a setup about to happen but check to see if anything might affect the trade and if there is news I wait

The EURUSD gained me 27 pips just based on information that was released so from a newbie learning the system MACFIBO. Does work and FUNDAMENTAL ANALYSIS can have a major affect on any trade.

Don't get "stucked" too much with the system mechanically operated.. last week was a really *easy* trading week, fundamentals only gave a help driving PA in the current trend direction and there was a bearish trend channel down, quite obvious on D1.. Trading it was a piece of cake.

+ mkt structure and mkt flow was stricly DOWN: past week was to be taken as a full bearish one, avoiding all longs (surely on H1+ TFs)

Fundamental is not that important... not cos it doesn't affect market, but simply cos technical analysis moves before fundamentals... we simply need to understand what market is telling us. Trading the fundamentals' swing will get you too late in the trade.

So why news are so important and keeping eye on calendar is crucial (especially for swing and position traders)? Well to "predict" what mkt could do and in order to avoid trading in news moments when things are not so clear

Hope it helps

[sufiansaid]

Sufian,

I've been comparing your trading record with the actual charts on H1, and I've noticed numerous inconsistencies. Is your PDF trading record a combination of H1 and H4? If so, you should indicate on the PDF which trades were H1 and H4 because many of your wins/losses do not match what I am seeing the H1 charts.

Thanks.

Only H1, I've stated this many times in the thread. What broker do you use? Sometimes this can be one of the reasons (different closing time may cause different values in MAs and S/Rs). Can you share your complete log to me please so I can see where is the inconsistencies are?

[immvp]

Hi Sufian, I just started with your system and i find this very simple and interesting. I have a question, from the attached picture, we entered short when red(5 EMA) crossed below white(20 SMA) and we TP at 161.8 and SL at 38.2 fibo, if for example, let us say my TP is not met yet and red 5 EMA crossed above white 20 SMA but red and white are still below yellow, do we exit the trade? or we continue to ride the trend until the SL is stopped/ red crossed above yellow then we exit the trade?

[sufiansaid]

Hi Sufian, I just started with your system and i find this very simple and interesting. I have a question, from the attached picture, we entered short when red(5 EMA) crossed below white(20 SMA) and we TP at 161.8 and SL at 38.2 fibo, if for example, let us say my TP is not met yet and red 5 EMA crossed above white 20 SMA but red and white are still below yellow, do we exit the trade? or we continue to ride the trend until the SL is stopped/ red crossed above yellow then we exit the trade?

If 5ema re-crossed 20sma eventhough 5ema havent cross 8sma, you EXIT the trade.

[saptaarizona]

hey, sufiansaid.
I've tried this system and I got 42 pips (2 TP hit) on my first day.
thanks

[chuadg]

Hello said
I am a little bit confused on which candlestick to choose after the 5ema crossover with 20sma. Should we choose the candlestick where the crossover occur or the next candlestick after the crossover? can you also guide me on the entry point to enter the trade? thanks

[kanmano]

did any one trade eur/gbp yesterday i had 3 trades all 3 hit sl

when 5x20 and we pull the fib (up/down) what should the risk/reward ratio be to make it a valid entry many times i find the high//low for the fib hardly covers 10/12 pips

clarification would def help thku

[immvp]

Today Macfibo earned me +98 pips on XAU . Anyone got that too? Good system i must say although I am still doing it on demo, i am very happy with these few days results already.