Go Back   BabyPips.com Forex Forum > "The Holy Grails" > Free Forex Trading Systems
Free Forex Trading Systems Got the "Holy Grail" system? Want to share it for free and become everyone's hero? This is the place to do it. (No advertisers please!) Also, follow along as our very own Pip Surfer posts daily updates from his Cowabunga System in the Pip My System Forex Blog.

Welcome to the BabyPips.com forum!

You are currently viewing our boards as a guest which allows you to view the discussions, but prevents you from contributing. By joining our FREE community you will be able to do all of the following:

  • Post topics & responses to other discussions
  • Communicate privately with other members (PM)
  • Respond to polls
  • Upload content
  • Post comments on our blogs
  • Contribute on our Forexpedia

Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.



Reply
 
LinkBack Thread Tools Display Modes
  #11 (permalink)  
Old 09-28-2007, 08:21 AM
WisBiz's Avatar
Newbie
 

Join Date: Jun 2007
Location: Indonesia
Posts: 14
Send a message via Yahoo to WisBiz
Default My trade with fibo

Now, it's my second trade using Fibo....

While the 1st trade I used GU, now I try EU

You can see at the chart below



I open Buy @1.4152 -> look the patern at the yellow arrow.
But, I made a mistake, the candle after the yellow arrow is Bearish, so the price still goin down... But, thx Lord, The price didn't hit the SL.

Next,
I set The SL @1.4130 -> acc to the 0.0 Fibo retrace
Then I set TP1@ 1.4195 -> acc to the 61.8 FE, has been hit, look at the check sign,
Then I set TP2 @ 1.4217
Until now, the TP2 not hit yet, but I hope the price will hit the TP2 soon
And now, I've been set the new SL @buy+10
Reply With Quote
  #12 (permalink)  
Old 09-28-2007, 08:28 AM
WisBiz's Avatar
Newbie
 

Join Date: Jun 2007
Location: Indonesia
Posts: 14
Send a message via Yahoo to WisBiz
Default

Quote:
Originally Posted by WisBiz View Post
Ok, Guys
This is my last(also my first) trade using Fibo...
Not with the real money of course...



I only use Fibo retracement and fibo expansion...
Another indicator just for see the trend
I get 64 pips yesterday...
I'm very lucky I guess

I Open Buy @2.0234 -> according the candle pattern -> Hammer CMIIW (see the yellow arrow)
I set the SL @2.0158 -> according to the 0.0 Fibo retrace
Actualy I set 2 TP
TP1 @2.0298;TP2 @2.0347 -> according to the Fibo Expansion level (FE 61.8 and FE100)
Until now, the TP2 not hit yet, but I hope the price will hit the TP2 soon.

Maybe I will post my other trade in here...
So we can learn together....
The price hit TP2, profit 112 pips

Until this second I get 64+43+112=219 pips
Now, I'm waiting for the TP2 from EU
Reply With Quote
  #13 (permalink)  
Old 09-28-2007, 11:54 AM
WisBiz's Avatar
Newbie
 

Join Date: Jun 2007
Location: Indonesia
Posts: 14
Send a message via Yahoo to WisBiz
Thumbs up

E/U's TP2 HIT



TOtal I get 64+43+112+67= 286 pips

All of them because of Fibo methods...
Also, I entried all Yesterday....

Pips pips hurray
Reply With Quote
  #14 (permalink)  
Old 09-28-2007, 01:52 PM
pro87's Avatar
Junior Member
 

Join Date: Jul 2007
Location: Dobrich, Bulgaria
Posts: 96
Send a message via Skype™ to pro87
Default

Great result!And this only for a day!Great work!I wish you even more
Reply With Quote
  #15 (permalink)  
Old 09-28-2007, 04:59 PM
WisBiz's Avatar
Newbie
 

Join Date: Jun 2007
Location: Indonesia
Posts: 14
Send a message via Yahoo to WisBiz
Default

Thank you...

the name of method is kenacci...

Last edited by PipDiddy; 09-29-2007 at 12:30 PM.
Reply With Quote
  #16 (permalink)  
Old 09-28-2007, 05:32 PM
pro87's Avatar
Junior Member
 

Join Date: Jul 2007
Location: Dobrich, Bulgaria
Posts: 96
Send a message via Skype™ to pro87
Default

I`ll try it

Last edited by PipDiddy; 09-29-2007 at 12:30 PM.
Reply With Quote
  #17 (permalink)  
Old 09-28-2007, 11:12 PM
WisBiz's Avatar
Newbie
 

Join Date: Jun 2007
Location: Indonesia
Posts: 14
Send a message via Yahoo to WisBiz
Default

I'm Sorry,
I forgot,
kenshi22, someone who discover this method (and thats why the method's named kenacci -> kenshi + fibonacci), also made a thread at forexfactory
Maybe it will be easier for you to learn from there...
I hope it helps....

Quote:
Originally Posted by pro87 View Post
I`ll try it
Reply With Quote
  #18 (permalink)  
Old 09-29-2007, 02:03 AM
pro87's Avatar
Junior Member
 

Join Date: Jul 2007
Location: Dobrich, Bulgaria
Posts: 96
Send a message via Skype™ to pro87
Default

Quote:
Originally Posted by WisBiz View Post
I'm Sorry,
I forgot,
kenshi22, someone who discover this method (and thats why the method's named kenacci -> kenshi + fibonacci), also made a thread at forexfactory
Maybe it will be easier for you to learn from there...
I hope it helps....
thanks it will help what`s win rate of this method ?
Reply With Quote
  #19 (permalink)  
Old 09-29-2007, 06:14 AM
WisBiz's Avatar
Newbie
 

Join Date: Jun 2007
Location: Indonesia
Posts: 14
Send a message via Yahoo to WisBiz
Wink

I don't know what do you mean with win rate (My english so bad);

(Maybe this thing that you want to hear)
90%win 10%loose... ->according to kenshi22
U can use This method in all TF (Bigger TF -> Bigger TP -> Bigger Risk ->longer Time)

NOte:
you can reach the 90%win, if you can make the "perfect" setup...
I mean,
if you can decide which the A-B-C point of the Fibo retrace exactly.
You may read the e-book that I've attached before...
In that e-book, there are many examples,
And don't forget, practice makes perfect
Reply With Quote
  #20 (permalink)  
Old 09-29-2007, 01:04 PM
pro87's Avatar
Junior Member
 

Join Date: Jul 2007
Location: Dobrich, Bulgaria
Posts: 96
Send a message via Skype™ to pro87
Default

Quote:
Originally Posted by WisBiz View Post
I don't know what do you mean with win rate (My english so bad);

(Maybe this thing that you want to hear)
90%win 10%loose... ->according to kenshi22
U can use This method in all TF (Bigger TF -> Bigger TP -> Bigger Risk ->longer Time)

NOte:
you can reach the 90%win, if you can make the "perfect" setup...
I mean,
if you can decide which the A-B-C point of the Fibo retrace exactly.
You may read the e-book that I've attached before...
In that e-book, there are many examples,
And don't forget, practice makes perfect
Heheh of course practice is main thing here and how many pips you make with it per week i`m just curious
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


All times are GMT -4. The time now is 08:54 PM.
Content Relevant URLs by vBSEO 3.2.0
"The truth of the matter is that you always know the right thing to do. The hard part is doing it"
Norman Schwarzkopf