Any fibonacci traders

I am interested in a fibonacci trading system .

Any 1 can post some information for me ?

Have you had a look at Fibonacci Who? - 3rd Grade: Fibonacci - Beginner’s Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com in the trading school yet?

Or are you looking for a specific system that uses fibonachi?

system that uses fibonacci …

fibonacci is useful in sideway market or trending ones ?

As long as I know,
U should recognize the pattern of the japannese candle
Esp for the Bearish&Bullish (reversal) pattern…

Look at this :slight_smile:

Complex trading system #5 (Fibonacci trading) more to come… | Forex strategies revealed

Here is a excellent fib indicator for MT4.

#SpudFibo.zip (2.46 KB)

Maybe we should put our heads together and develop one and trade together with it.

Maybe you should read this before…
see my attachment
or
you can download the e-book here

I hope the link not expired yet

Ok, Guys
This is my last(also my first) trade using Fibo…:stuck_out_tongue:
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…

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

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

E/U’s TP2 [B]HIT[/B]

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

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

Pips pips hurray

Great result!And this only for a day!Great work!I wish you even more :slight_smile:

Thank you…

the name of method is kenacci…

I`ll try it :slight_smile:

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 :)?

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 :wink:

Heheh of course :)practice is main thing here :slight_smile: and how many pips you make with it per week i`m just curious

I think, I need (at least) a week to aswer your question…
Because,
The trade results that I’ve posted here, are my first trade using this method…
I’m also still new in this method