Fibsdontlie
USDMXN - Buy (10 pip scalp) 15 min time frame Saw another set up for this pair once again unfold. A little choppy, allow myself to go negative 37 pips overall before taking profit which is bad because at that point my emotions took over. But at the same I knew price was going to jump too test the 50 EMA and strength meter showed power in the dollar so I held my trade.
XAUUSD - Sell (15 min and 30 min confirmation)I go in detail in the chart as to what occurred. Fibs set up was perfect for an entry at all 3 levels, 62%, 70%, 79%. I personally only entered in at the 79% due to the volatility of this pair. 30 min time frame also confirmed this trade using institutional levels.
US30 - Buy (50 point scalp)Saw price break zone to the upside, ran my FIBS, got my profit and got out.
US30 - Buy (Scalp, Missed Trade) FIBS method During my process of mastering the FIBS method I have been going back and testing his method on every pair where I see a set up I missed, this being one of them. I go into detail on the chart about what occurred.
USDCHF - SellOct 7th @2pm EST we saw lower lows and lower highs being formed on the 4 hour and the one hour time frame. Set up our FIB layout and saw that price was at the 23% retracement point, entered in one position for a sell. The next morning as price continued to buy slightly we entered a sell limit order for the 38% retracement point which it touched perfectly, we will hold our position until we start to see a pull back.
GBPUSD - Buy (Buy limit missed by 2 pips)Missed this trade by 2 pips, set my buy limit just a little too low.
I set up my FIBS on the 4 hour time frame due to the volatility of this pair and also in was looking for a buy and hold longterm entry on this pair. Will be setting limits a little more above the % levels from now on.
USDCHF - Sell (Scalp trade, potentially longterm hold)At around 3/4 am EST this morning (Oct 12th, Mon.) I saw price retracing and set up my FIBS, saw a few good entries and placed my sell limits and went to sleep. Woke up to 17 pips in profit and might hold this trade long term. I will continue to update this trade.
AUDJPY - Buy Oct 10th, Saturday @10:16 am EST. Markets are closed which gives us time to look for potential set ups for this upcoming week.
We've found that EUR, AUD, CHF, GBP, NZD and CAD vs JPY have very similar price action on the 4 hour time frame specifically which could potentially mean long term these pairs will follow each other.
On Oct 9th @ around 8:45 am EST after CAD news was released on the 15 min time frame we saw beautiful entries for all of the above pairs for continuing buys using our FIBS, price hit the 23% and the 38% levels perfectly as they retraced temporarily.
The Ichimoku Cloud shows a trend heading upwards on the higher time frames, we simply use our fibs to catch perfect entries on the lower time frames to ride the wave longterm.
GBPJPY - Buy Oct 10th, Saturday @10:16 am EST. Markets are closed which gives us time to look for potential set ups for this upcoming week.
Ichimoku Cloud shows us a buy longterm for this pair.
Due to the volatility of this pair, we will using the 45 min and 1 hour time frame with our FIBS tool for reentry's.
Price will definitely test the EMA lines and just might test the cloud.
We've found that EUR, AUD, CHF, GBP, NZD and CAD vs JPY have very similar price action on the 4 hour time frame specifically which could potentially mean long term these pairs will follow each other.
On Oct 9th @ around 8:45 am EST after CAD news was released on the 15 min time frame we saw beautiful entries for all of the above pairs for continuing buys using our FIBS, price hit the 23% and the 38% levels perfectly as they retraced temporarily.
The Ichimoku Cloud shows a trend heading upwards on the higher time frames, we simply use our fibs to catch perfect entries on the lower time frames to ride the wave longterm.
UKOIL - Buy Oct 11th, Sunday @1:21 am EST. Couldn't sleep so I began looking for entries.
Ichimoku Cloud shows us a buy, price is currently testing yellow EMA line.
We see a perfect high, low, high, low: expect price to buy from where price currently is.
Missed the 38% entry, price is currently at the 30% level.
Possible W formation being created on the 4 hour time frame.
Looking for price to break through resistance zone (white line) 43.60
Placing a buy as soon as the market opens.