"The only way to trade with Fibonaccis" journal

Quote from 1a2b3cppp:

I hope you guys all got the sarcasm in that previous post.

There is only one way to trade with Fibonaccis, and it is the way I am doing it in this thread. It has nothing to do with predictive power, magic percentages, or sea shells. (
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...............................

i don't think so............:)

fib.expansion is the other way to trade 'em.

welcome to the shop grail.

cheers,

s


:cool:
 

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used to trade the spooze.

then they made it a mini and retail piled in.

now it is fat and bloated 95% of the time.
gaps are nasty as they puke em out.

forex is the new spooze.
the 24 hour casino with single malt served on the side.

forget the economy, this animal just trades.

math guys in full control.

playing thru.....

s

:cool:
 
1/18:

No trades.

@shopster, how do you know which extension fibs are going to go to ahead of time so you know how big of a position to leave on?
 
Quote from 1a2b3cppp:

1/18:

No trades.

@shopster, how do you know which extension fibs are going to go to ahead of time so you know how big of a position to leave on?
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.....................................

1a,

you don't.

your bet is always the same, a risk % of equity.

you are martingale strategy on car load as it backs up to zero on the fib line
expansion trading had one load.

you have 3 entry doors
i have one.

we both grow the account by trading more cars as equity increases.

there are 3 emas on the charts i posted.
they define trend when they are lined up.

they can also define congestion.
price traveling on top of the 3 emas for a period of time will slingshot out.

a trade with the trend has a very high % of a full pull or cahuna exit.

if price starts to run out of gas and the zero lag histo bars start to roll and diverge, it is usually at the 3.14 or greater fib.

slide up your trailing, the market will take you out.

when price retraces .62 or .78 it is called a one legger in shop talk.
we load up there and also at the diverged db or dt

when you get back to 100 on the fib, you blow 'em out.

i am just getting started on the entry for expansion.

both strategies work .

the shopster thread has more info on the the diff. setups et al.

elitetrader.com/vb/showthread.php?s=&threadid=223293

boat load at the money line, pic attached....

diverged on entry on the zero lag cross.

trend is up the 2 emas in proper order
third ema is below the moneyline and off the screen shot.

5.7 exit door was fully diverged on the exit.

math guys in control.

cheers,

s



:cool:
 

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