Socratesinc

Socratesinc

Price broke to the upside. Retraced down the 62%, 70% and 79% level. 14 EMA helped push price up after testing it multiple times. Was able to get all 3 entries in. Total gain = 37.7 pips.

Socratesinc

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.

Socratesinc

EMA lines crossed over for a sell as well on the 15 min giving us more confirmation. Currency strength meter showed the JPY being much stronger than the CHF at the time of my entry.

Socratesinc

Saw price break zone to the upside, ran my FIBS, got my profit and got out.

Socratesinc

We go in detail on the chart as to what occurred. Additionally we found confluence on the 30 min time frame using ranges and on the 4 hour time frame looking at the overall trend.

Socratesinc

I go in detail on the chart as to what occurred. The FIBS set up was used in this scenario.

Socratesinc Updated 

I go in detail on the chart.

Socratesinc

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.

Socratesinc Updated 

Oct 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...

Socratesinc Updated 

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.

Socratesinc Updated 

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.

Socratesinc Updated 

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...

Socratesinc Updated 

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...

Socratesinc Updated 

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...

Socratesinc

Oct 12th, 3:58 am EST. I placed 2 market execution orders after seeing price had already hit the 23% and 38% level. My entry price, pip margin and profit on both orders are described on the chart. I set up my FIBS on the 15 time frame, and removed the Ichimoku cloud to see the chart more clearly. I seen strong price action to down side and knew my fibs set up up...

Socratesinc

Oct 11th, Sunday @8:18 pm EST. I go in to detail on how this trade played perfectly on the chart. I will be looking for an entry on a buy for this pair tomorrow morning @ around 3 am EST, Oct 12th on the 15, 30, and 45 min time frames. Another good entry time for a scalp may be 9 am EST, Oct 12th. Let's see how things play out.

Socratesinc

It is currently 12:55 EST on Oct 10th, Saturday. I was reviewing the action that occurred Friday morning Oct 9th between 7:30 am and 10:30 am EST. Came across this perfect set up. The Ichimoku Cloud confirmed a continuing buy for us on the 4 hour time frame so we should have been looking for new entries on this pair. I found 2 perfect entries at the 23% and 38%...

Socratesinc

It is currently 12:25 EST on Oct 10th, Saturday. I was reviewing the action that occurred Friday morning Oct 9th between 7:30 am and 10:30 am EST. Came across this perfect set up. The Ichimoku Cloud confirmed a continuing buy for us on the 4 hour time frame so we should have been looking for new entries on this pair. I found 3 perfect entries at the 23%, 38% and...