fib. expansion and retrace in forex
- Thread starter shopster
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Hi,
Thanks, no.
I would like to spend the time to learn what you are posting. However I have found that becasue of nuances there is no way to tell if this or any strategy is a profitable way to manage money in short term markets, be it Forex equities futures whichever.
Profit factor is best intitial metric, simply how big winners are relative to losers..... assuming there are losers right!!
You should be able t oprovide these very easy.... its just basic math.... division
Thnx
.........................................
" However I have found that nuances........."
trading is all about nuance. subtle hints handed out by the game.
you don't last without that skill, fully developed.....
if you learn to trade diverge, both hidden and regular, you will be in the 2% group that can win in the game.
the answers on how to " trade what you see " are in the thread.
it applies across all markets.
the risk is 1% of your equity capital.
fib expansion will give you 2 to 5x risk reward.
markets like to run, hence the 5.7 zone and diverge at the exit door.
fib retracement is traded by retail.
lambs to the slaughter.
s
Ok great.
If someone is doing this method somwhere in the world there should be a reported profit factor and more specific entries and exit rules...... this is short term trading. should be very mechanical
Longer term trading involves more about "context" of broader markets for entries and exits. However longer term trading definite has profit factors and many more measures, just look at any reporting fund at IASG.com or barclays.com
no fooling anyone there
.........................................
so start your thread on " long term trading " and start posting.
" batter up...."
let us all know when it is up and running.
my stuff is not long term and you should know that by looking at the time frame on the charts posted.
you want me to hand it to you on a silver platter.
a retail mentality.
another lost trader " wanna be " stumbling around in the dark.
s
Wow... Shopster is explaining his method from A to Z and all you care about is some stupid XL sheet with some profit numbers on it and you somehow manage to mix the word "respect" in that same sentence.
If you still don't get how it works by now, I doubt posting some profit figures will give you extra clues , lmao
@shopster
Thx for sharing all this. Although I trade quite differently myself, I still find alot of this quite valuable. I would hate to see this thread stopped because of remarks like the above.
JP
jamespond,
i could easily post up 8 years of forex metrics, but will not.
those who will spend the time to understand it and then apply it will see the results.
others just want a quick fix with iron clad entry and exit rules to validate it , so they can discount it and drift off to the next thread.
i already have the respect of those who see it for what it is.....
glad you find some parts of the strategy useful.
cheers,
s
i could easily post up 8 years of forex metrics, but will not.
those who will spend the time to understand it and then apply it will see the results.
others just want a quick fix with iron clad entry and exit rules to validate it , so they can discount it and drift off to the next thread.
i already have the respect of those who see it for what it is.....
glad you find some parts of the strategy useful.
cheers,
s
Its really amazing how useful is a two-three days break out of trading and some good sleep. I can see S charts much clearer and from another POV.
S mate, honestly you really have helped with this thread. I m not sure if you re planning to retire it on about 2 pages from now but it would be really nice if you would and can extend it for a few more.
It s really educative! All the way you present your method on this thread. Not just ready chewed food. If someone study and not just reads this thread then really learns from it.
Athan
S mate, honestly you really have helped with this thread. I m not sure if you re planning to retire it on about 2 pages from now but it would be really nice if you would and can extend it for a few more.
It s really educative! All the way you present your method on this thread. Not just ready chewed food. If someone study and not just reads this thread then really learns from it.
Athan
After watching the same 4 to 6 forex pairs, you start to easily understand how they trade and what moves them.
Itâs pattern recognition.
shop classic setups are simple patterns.
price repeats this daily, over and over on all time frames.
Every trade I get into I have a very good understanding of the risk /reward.
fib expansion gives me the ratios i am looking for.
at worst it is 1:1 and best , 4.2 plus.
the way to do that, as elementary as it sounds, is to buy low and sell high.
So you want to buy when things are beat up and sell when things are overdone on the upside.
the pattern shows this strategy.
fib expansion and divergence at the extremes of the move measures this.
Itâs is the main reason I am successful at trading.
pattern, trade, exit.
repeat.
it can't be that simple, can it....?
i know the answer, you prove it to yourself.
the market is simple, stupid and irrational all at the same time.
the pattern is " a reset, a fresh starting point " per se.
put your head down, blinders on and click the mouse.
discount all the third party noise and trade.
" Obvious hyperbole or belying understanding...."
s
Itâs pattern recognition.
shop classic setups are simple patterns.
price repeats this daily, over and over on all time frames.
Every trade I get into I have a very good understanding of the risk /reward.
fib expansion gives me the ratios i am looking for.
at worst it is 1:1 and best , 4.2 plus.
the way to do that, as elementary as it sounds, is to buy low and sell high.
So you want to buy when things are beat up and sell when things are overdone on the upside.
the pattern shows this strategy.
fib expansion and divergence at the extremes of the move measures this.
Itâs is the main reason I am successful at trading.
pattern, trade, exit.
repeat.
it can't be that simple, can it....?
i know the answer, you prove it to yourself.
the market is simple, stupid and irrational all at the same time.
the pattern is " a reset, a fresh starting point " per se.
put your head down, blinders on and click the mouse.
discount all the third party noise and trade.
" Obvious hyperbole or belying understanding...."
s
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