Hi guys, I have been MIA for few days but now I am back!
Am still studying the FIBO thingy. Not quite catch it yet. Can anyone explain how do we read the level? 61.8, 50, 38.2… I for instance draw thought the downtrend would hit 61.8 and bounce up but it ended up at 38.2% before bouncing up above 61.8% and dropped back to 38.2%
I have already read a lot of fibo articles and guides and still dont quite get it. Sorry but I m kinda slow in learning 
Would be glad if someone can help out!
Hey Pippin take a look bag a few pages i forget which post it is but Blizard gave some good examples of how to draw them.
Hi sandy, I have read the post. Blizard mentioned about drawing it using the last 2 CONFIRMED dot which I did. However, I have problem interpreting/reading the fibo. That’s the main concern.
I just took this trade for 5 pips. I wouldn’t normally trade around this time but saw it so went for it. Was this a valid setup?
This was perfect, you used 2 confirmed dots and the bounce occured between 61-76%. its perfect.
thanks
Thanks. I was getting a bit frustrated but think I have a better understanding now. There was a setup on A/Y tonight. I entered at the 61.8% line and had a little DD as it went dead on the 76% line. I took 8 pips but it has gone up 70 pips from my entry.
Last night I entered a trade Long on EURUSD M15 at 19:15 UK time. SL below lowest low of the day around 1.2408which was not too far away if I got stopped out. TP set at -.618 45 pips away. I sat and watched it bumble around going nowhere for a couple of hours then went to bed and left it. Woke up this morning and posted this. I like M15 
nice trade there, madmkiv.
Just shorted EU H1 at 61.8. SL abt 30p above the last (unconfirm) blue dot.
Lets see how it goes.
Not for me that trade! I don’t like entering with out a signal. There maybe a break down on H1 below the red line and I may enter there but I am not brave enough entering on fibos alone…
But I tell you what infinipipz if your trade works out which it well could then I personally would set a bold TP at 161.8 and go for it! It could be a brilliant trade and extremely well played - Good Luck
yes, that is the plan. but I will move SL to BE when it hit 61.8.
so sandybeach your not trading the eurusd and gbpusd today as the daily trend indicator indicates blue sideways move?
Yep, got it in one, out of my 10 charts only EURGBP is giving me a daily trend. I have never had a day like this so far of so many sideways trades but there is alot of major news coming out today which might have something to do with it.
Normally i may have one to two currency pairs sideways, and yes i could have taken lots of trades, but for me this works, so it does look like i may have no trades today, two more hours of trading for me.
But hey, there will always be days like this 
I do feel gutted though looking at all the trades of everyone else, but if i let my emotions take over i know i’ll make a big mistake somewhere, so i’ll play it safe Better to make no trades than have a loss I do make the choice to restrict my trading by quite a bit.
Conserving my account is my primary objective rather than making pips. On the plus side i have not had any live trades across my 10 pairs, but i have not had any losses either.
For me a day without losses is a good day, Regardless of pips made
How has everyone else’s trading done so far today ?
But also you guys have got me thinking about trading the 15min and 30 min charts and going for more profits per trade. How many pips are you guys/gals getting per trade on the 15min chart ?
Be carefuly, i guess i am very cautious, but i would rather cut profits short than have a loss. Don’t take too big a risk guys, but i am curious how you do
Pippin are you ok with Fibs now or do you need a hand still ?
