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Fibo 15 Support Resistance Intraday |
twist
Joined: 12 Feb 2010
Posts: 333
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Post: #496  Posted: Fri Jun 21, 2013 11:12 pm Post subject: |
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| dhdaarya wrote: | taruj bhai as twist bhai said whipsaw is there at 11.30 11.35
to avoid this i use 50 sma as fiter i usually do not go short when prices are above 50 sma on 5min TF. I hav bad experience with going short when prices above 50 sma on 5 min tf . Gone short at 13.30 below 341
TWIST bhai i have made around 3k in this trade
TWIFIBOOOCI ROCKS  |
Perfect DH bhai   |
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buffet71
White Belt
Joined: 11 Dec 2010
Posts: 108
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| Post: #497 Posted: Sat Jun 22, 2013 12:04 am Post subject: fibo-15 |
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| ONE REQUEST TO ALL WHO TRACKING FIBO-15 ON ANY SCRIP PLS.MAKE COPY PASTE IN SB,buffet71,N.B. LEVELS |
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jk99
White Belt
Joined: 20 May 2013
Posts: 81
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| Post: #498 Posted: Sat Jun 22, 2013 8:26 am Post subject: |
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buffet71
sir what means SB..
REGARDS |
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #499 Posted: Sat Jun 22, 2013 11:51 am Post subject: |
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| twist wrote: | | jjm wrote: | Dear twistbhai
how r you?
At the out set thanking you for this wonderful system.
I am a dire fan of SSPS system of non other than great Mr. Specualtor and love swing trading but following you thread and levels too for intraday trades
My few cents
take mid of 1.61 - 2.61 ..when mkt breaks 1.61 and fails to cross this level blindly enter with sl of this mid /2.61..
Illustration: 19/06/13
-1.61 = 5781 ; -2.61 = 5768
MID : 5781-5768 = 13/2 = 6.5
broke 5781 but failed to cross 5781-6.5= 5774 , made low 5776..
Rest is history, this is great tool to place small sl and take a trade
Wishing you all very Happy Trading
JJM |
hello jjm bhai i am fine, how r u? thanks for showing interest in FIBO15 and using it in your trading  btw not coming to sb nowadays?
jjm bhai actually i tried this midpoint funda of 161/261 levels but the problem is we already have 5 levels plus 15min high low values now if we add another couple of levels traders will get confused  but still thanks alot for your contribution. those who want can use it
Regards
Twist. |
Hi!
I am doing great .. Why to bother 5 levels.. Is not it much simple to trade from 1.61 to -1.61.. I do not look @ daily / weekly levels .. Keep it simple.. Guys do not get into looking at too many nos.
Thursday was big down day.. so there were two possibilities on yady either consolidation range bound day or an other down day.
Morning bear tried to press mkt but failed to reach -1.61 @ 5610 and 9.30 bar made low 5617.. now here it becomes tricky waiting to reach -1.61 and mkt reversed reached to 1.61 infact crossed 2.61 ..no Long trade ... If you have gone long then let me know the reason for taking long when trading based on stand alone FIB system no other TA ..
Oen could have taken long @ midpt with SL -1.61 level ..Honestly this is not advisable in terms of Money management being sl of 19 pts ..for me for intra sl shld not be more than 10-12 pts.
When failed to sustained above 2.61 and closed below it; 13.10 bar shorted nice move but failed to reach -1.61 ..then closed @ midpt.. 5629..
This was the only one trade gave 35 pts .
New comers start maintaining trading dairy: keep noting the mkt moves.. I mean move from levels to level; earlier big down day or big up day .. over all mkt scenario.. Always keep a larger tf in back of mind .. If you are following system and on larger tf if it says -ve trend, then look for shorting in intraday .. do not attempt contra long trades
Just keep it simple do not look for weekly monthly levels..Type the nos on charts instead drawing H lines on chart ..nos get registered in mind than writing it in dairy and trading .. Keep it on your trading terminal
Happy Trading
TWISTBHAI  |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #500 Posted: Sat Jun 22, 2013 2:03 pm Post subject: |
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| jjm wrote: |
Hi!
I am doing great .. Why to bother 5 levels.. Is not it much simple to trade from 1.61 to -1.61.. I do not look @ daily / weekly levels .. Keep it simple.. Guys do not get into looking at too many nos.
Thursday was big down day.. so there were two possibilities on yady either consolidation range bound day or an other down day.
Morning bear tried to press mkt but failed to reach -1.61 @ 5610 and 9.30 bar made low 5617.. now here it becomes tricky waiting to reach -1.61 and mkt reversed reached to 1.61 infact crossed 2.61 ..no Long trade ... If you have gone long then let me know the reason for taking long when trading based on stand alone FIB system no other TA ..
Oen could have taken long @ midpt with SL -1.61 level ..Honestly this is not advisable in terms of Money management being sl of 19 pts ..for me for intra sl shld not be more than 10-12 pts.
When failed to sustained above 2.61 and closed below it; 13.10 bar shorted nice move but failed to reach -1.61 ..then closed @ midpt.. 5629..
This was the only one trade gave 35 pts .
New comers start maintaining trading dairy: keep noting the mkt moves.. I mean move from levels to level; earlier big down day or big up day .. over all mkt scenario.. Always keep a larger tf in back of mind .. If you are following system and on larger tf if it says -ve trend, then look for shorting in intraday .. do not attempt contra long trades
Just keep it simple do not look for weekly monthly levels..Type the nos on charts instead drawing H lines on chart ..nos get registered in mind than writing it in dairy and trading .. Keep it on your trading terminal
Happy Trading
TWISTBHAI |
jjm bhai thanks for explaining your way of trading from 161 to 161 levels |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #501 Posted: Sat Jun 22, 2013 8:25 pm Post subject: |
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| twist wrote: | | taruj wrote: |
You would have probably shorted at around 1130 1135. Where did you keep the SL.? Reason for asking is to understand RiskReward and timing in 1TF
Please advise...
Regards, |
taruj it is 5min tf. short below 11:30-35 lows might have whipped if sl is at 11:05 highs but it was clear short below 11:45 lows as it was higher low u see |
Levels: RELINFRA
Just Trying to Understand:
HIGH 341.95
LOW 335.70
R4 362.08
R3 355.83
2.61 352.01
1.61 345.76
MidPoint 338.83
-1.61 331.89
-2.61 325.64
S3 321.83
S4 315.58
Why not this?
Short triggered at 105959 or latest 110459 @ 1.61 Level (345.76) Keep SL at 2.61 352.01 (or mid point of [2.61 & 1.61] 348.8 ) with TGs.
Shayad yeh contra trade mujhe nahi smajh ayegaa !! 
or something to do with price action?? 
F1 Guys!! |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #502 Posted: Sat Jun 22, 2013 8:28 pm Post subject: |
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| twist wrote: | | dhdaarya wrote: | taruj bhai as twist bhai said whipsaw is there at 11.30 11.35
to avoid this i use 50 sma as fiter i usually do not go short when prices are above 50 sma on 5min TF. I hav bad experience with going short when prices above 50 sma on 5 min tf . Gone short at 13.30 below 341
TWIST bhai i have made around 3k in this trade
TWIFIBOOOCI ROCKS |
Perfect DH bhai |
OKAYYYY 50 sma filter Good |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #503 Posted: Sat Jun 22, 2013 8:32 pm Post subject: Re: fibo-15 |
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| buffet71 wrote: | | ONE REQUEST TO ALL WHO TRACKING FIBO-15 ON ANY SCRIP PLS.MAKE COPY PASTE IN SB,buffet71,N.B. LEVELS |
N.B. Levels?
Will surely do. btw I have noticed ur levels too. too good. eakdom paka paantua!!
kabhi batana, when you have time. |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #504 Posted: Sat Jun 22, 2013 8:38 pm Post subject: |
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| taruj wrote: |
Levels: RELINFRA
Just Trying to Understand:
HIGH 341.95
LOW 335.70
R4 362.08
R3 355.83
2.61 352.01
1.61 345.76
MidPoint 338.83
-1.61 331.89
-2.61 325.64
S3 321.83
S4 315.58
Why not this?
Short triggered at 105959 or latest 110459 @ 1.61 Level (345.76) Keep SL at 2.61 352.01 (or mid point of [2.61 & 1.61] 348.8 ) with TGs.
Shayad yeh contra trade mujhe nahi smajh ayegaa !!
or something to do with price action??
F1 Guys!! |
@bold
taruj anna perfect hai sirji nothing wrong in it |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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dhdaarya
White Belt
Joined: 13 Apr 2012
Posts: 38
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| Post: #506 Posted: Sat Jun 22, 2013 9:54 pm Post subject: |
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TARUJ bhai absolutely on target.
One has to take trade as per one's mindset and risk appetite.
These levels helping me improving my system's performance drastically.
BE FEARLESS BE DIVINE  |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #507 Posted: Sat Jun 22, 2013 10:05 pm Post subject: |
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| dhdaarya wrote: | TARUJ bhai absolutely on target.
One has to take trade as per one's mindset and risk appetite.
These levels helping me improving my system's performance drastically.
BE FEARLESS BE DIVINE |
You are right. Maybe just by looking at SL pts it would have scared me off. you are right. One's Mindset and Risk appetite.
99.79% |
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Dutt
White Belt
Joined: 01 Nov 2010
Posts: 118
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| Post: #508 Posted: Sat Jun 22, 2013 11:42 pm Post subject: |
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Fibo 15 Min for 24/06 DWM
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #509 Posted: Sat Jun 22, 2013 11:56 pm Post subject: |
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| Dutt wrote: | Fibo 15 Min for 24/06 DWM
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Pardon my ignorance... what is DWM? Daily, Weekly, Monthly?
or some thing cryptic?? |
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p_wangdu
White Belt
Joined: 30 Apr 2012
Posts: 126
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| Post: #510 Posted: Sat Jun 22, 2013 11:59 pm Post subject: |
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who invented 15 mnts fibo  |
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